North America Spectacle Market By Parts (Lens and Frames), By Distribution Channel (Online and Offline), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The North America Spectacle Market would witness market growth of 6.4% CAGR during the forecast period (2020-2026). Advancement in technology has increased the exposure of youth to smartphones and computers resulting in vision problems like hyperopia, myopia, and astigmatism, thus driving the demand for contact lenses and prescription glasses. Manufacturers are likely to capitalize on new product development with enhanced UV protection and reduced glare.
Growing incidence of Computer Vision Syndrome (CVS) as well as digital eye strain coupled with rising scenario of constantly working on a computer system, will support the demand of the eyewear. Rising average income results in the economic development that has improved the consumer expenses on fashion products. The growing adoption of eye corrective surgeries including RLE, PRK, LASIK, LASEK, epi-LASIK, and PRELEX due to growth and development in medical technologies can obstruct the product demand.
Manufacturers are working towards maintaining the growing demand for spectacles that are made up of different materials. The increasing popularity of trends designs including oversized square glasses and cat-eye frames in trendy colors, sizes, and materials is anticipated to create new revenue streams for the market. High demand for transparent and clear framed glasses is also likely to fuel the spectacle market in the near future.
Based on Parts, the market is segmented into Lens and Frames. Based on Distribution Channel, the market is segmented into Online and Offline. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include EssilorLuxottica SA (Essilor Instruments USA), Johnson and Johnson (Johnson and Johnson Vision Care, Inc.), Novartis AG (Ciba Vision), Carl Zeiss AG, Zenni Optical, Inc., Jand, Inc. (Warby Parker), Lenskart Solutions Pvt. Ltd., Hoya Corporation, MODO and Titan Group Limited (Tata Group).
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Rest of North America
- EssilorLuxottica SA (Essilor Instruments USA)
- Johnson and Johnson (Johnson and Johnson Vision Care, Inc.)
- Novartis AG (Ciba Vision)
- Carl Zeiss AG
- Zenni Optical, Inc.
- Jand, Inc. (Warby Parker)
- Lenskart Solutions Pvt. Ltd.
- Hoya Corporation
- Titan Group Limited (Tata Group)
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