World Top Eyewear Companies by Market Value as on 2022
North America Eyewear Market Synopsis
The?Eyewear Market In North America?is driven by factors such as the growing population, the rising incidence of eye disorders, and the increasing awareness about eye health. In addition, the growing number of online retailers and the availability of a wide range of eyewear products are also fuelling the growth of this market. Additionally, The US is the largest market for eyewear in North America, followed by Canada.?
According to 6Wresearch, the North America Eyewear Market size is likely to witness growth during 2022-28.?The growth of North America eyewear industry is supported by certain key factors such as aging population and rising awareness regarding eye health. The population is aging and people are living longer. This means that there is a larger pool of potential customers for eyewear products. Additionally, the prevalence of vision problems is increasing. This is due to factors such as increased screen time and increased exposure to blue light. Further, there is an increasing awareness of the importance of eye health. This is leading more people to get their eyes checked regularly and to buy vision correction products such as glasses and contact lenses. Moreover, the?North America eyewear market?offers huge opportunities for businesses. There is a growing demand for products and the market is expected to continue to grow in the future.
Market Analysis By Product Type
In terms of product type, the market is further classified into prescription eyewear, sunglasses, and contact lenses. Among these, prescription eyewear is the largest segment, accounting for majority of the market share in the overall market. Further, the sunglasses segment is expected to witness the fastest growth during the forecast period owing to factors such as the increasing popularity of outdoor activities and the need for protection from harmful UV rays.?
Market Analysis By Distribution Channel
By distribution channel, the North America eyewear market is divided into offline and online channels. Offline channels include opticians/optical stores, department stores, and drugstores/pharmacies. Online channels include e-commerce websites and company-owned.
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Market Analysis By Countries
The United States is the largest eyewear market in North America. The country is home to some of the world's leading eyewear brands, such as Warby Parker and Luxottica. The US eyewear market is expected to grow substantially during the forecast period. Additionally, Canada is the second-largest?eyewear market in North America. The country has a well-developed retail sector and a strong demand for premium and luxury eyewear products. Further, Mexico is the third-largest eyewear market in North America. The country has a growing middle class and a strong demand for affordable eyewear products.?
COVID-19 Influence on the North America eyewear Market?
The Covid-19 pandemic resulted in a decline in the overall revenues of the industry. Also, after the first and the second wave of the pandemic, the recovery of the North America eyewear market witnessed slowdown. The overall production process was halted. However, the market growth has recovered post-pandemic.
Key Highlights of the Report: