Canada Eyewear Market research report, 2028

Eyewear is an essential accessory that plays a crucial role in protecting the eyes from harmful environmental factors, such as UV radiation, dust, and debris. In the Canadian workplace, protective eyewear is often mandatory for employees working in industries such as construction, manufacturing, and healthcare. These regulations aim to ensure the safety and well-being of workers, and failure to comply with them can result in serious consequences. Additionally, eyewear can also be used to enhance vision and improve performance in certain professions, such as sports, aviation, and law enforcement. With a wide range of options available in terms of style, material, and functionality, selecting the appropriate eyewear can be a challenging task. Therefore, it is important for individuals to consider their specific needs and requirements and consult with a qualified professional to ensure optimal eye protection and performance. In addition, consumers are increasingly seeking products that are tailored to their individual needs and preferences. Eyewear companies that offer customization and personalization options, such as personalized fittings or lens coatings, may be able to differentiate themselves from competitors and attract a loyal customer base.] According to the research report "Canada Eyewear Market research report, 2028," published by Actual Market Research, the Canada Eyewear market is projected to reach market size more than USD 40 Billion by 2028. The Canadian population is becoming more diverse, with an increasing number of people from different ethnic backgrounds. This is driving demand for eyewear that caters to the specific needs of different ethnic groups, such as glasses with nose pads that fit comfortably on Asian faces. Furthermore, as disposable income levels rise, consumers are becoming more willing to spend money on high-quality eyewear that offers superior comfort, durability, and style. This is driving demand for premium eyewear brands and products. Moreover, Canadians are increasingly leading active lifestyles, participating in activities such as sports and outdoor recreation. This is driving demand for eyewear that is specifically designed for sports and other outdoor activities, such as wraparound sunglasses and goggles. In addition, with the increasing use of digital devices such as computers, smartphones, and tablets, many people are experiencing digital eye strain, which can cause headaches, dry eyes, and blurred vision. This is driving demand for eyewear with blue-light-filtering lenses and other features that reduce digital eye strain.

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Spectacles have the highest market share in the eyewear market in Canada, based on product type. Spectacles come in a wide range of styles, designs, and materials, allowing consumers to choose the ones that best fit their needs and preferences. Furthermore, with Canada's ageing population, the demand for vision correction products such as spectacles is expected to increase. Moreover, spectacles have become a fashion statement in recent years, with many people choosing to wear non-prescription glasses as an accessory. This has also contributed to the popularity of spectacles in Canada's eyewear market. In addition, as the Canadian population ages, the demand for vision correction products such as contact lenses is expected to increase. Contact lenses are a popular option for older adults who may find spectacles less comfortable or convenient. Furthermore, people in Canada are becoming more aware of the importance of maintaining good eye health, which is driving demand for products such as contact lenses that can help correct vision problems and improve eye health. According to reports, optical stores have the highest market share in the distribution channel of the eyewear market in Canada. Optical stores offer personalised service, including eye exams, fittings, and advice on selecting the right eyewear products. This can help consumers make informed decisions and find the products that best meet their needs. For instance, some of the popular optical stores in Canada include LensCrafters, Pearle Vision, Hakim Optical, FYidoctors, Clearly, Optiks International, Iris, Bailey Nelson, Optometrists' Clinic Inc., Ollie Quinn, and more. However, the online channel is expected to have the highest CAGR during the forecast period. Online eyewear retailers often offer a wider range of products than traditional optical stores, including a variety of brands, styles, and colours. This makes it easier for consumers to find exactly what they are looking for. For instance, there are several online platforms for eyewear in Canada, including Clearly, Zenni Optical, EyeBuyDirect, Warby Parker, BonLook, GlassesUSA, Coastal, Optically, SmartBuyGlasses, LensCrafters, and more. Unisex eyewear products can be worn by anyone, regardless of gender. This means they have a wider customer base and can appeal to both men and women. Moreover, there has been a growing trend towards gender-neutral fashion in recent years, with many consumers seeking products that are not restricted by traditional gender norms. Unisex eyewear fits into this trend by offering products that are not limited by gender. However, The Canadian eyewear market has seen a significant increase in demand for eyewear products for kids in recent years. Canada has a growing population of children, which has led to an increase in demand for eyewear products for this age group. Furthermore, children are spending more time indoors, using digital devices such as smartphones and tablets, which can lead to eye strain and other eye-related problems. This has resulted in an increase in demand for eyewear products that can help protect their eyes while using digital devices.

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Kripa Shah

Senior Analyst

In the Canadian eyewear market, eyewear products are typically categorized into three price ranges: low, medium, and premium. Among these, the medium-priced eyewear products have the largest market share. Medium-priced eyewear products have a wide customer base that includes both budget-conscious consumers and those who are willing to pay more for higher-quality products. Moreover, medium-priced eyewear products are often made from high-quality materials and offer a range of features such as UV protection, anti-glare coatings, and scratch resistance. However, premium-priced eyewear products are expected to have the highest CAGR during the forecast period. Canada has a growing population of consumers who are willing to pay more for luxury and high-end products. This trend has extended to the eyewear market, where consumers are increasingly seeking out premium-priced eyewear products that offer unique designs, high-quality materials, and superior craftsmanship. Start-ups: • BonLook - A Montreal-based company that offers stylish, affordable eyewear with a strong emphasis on customer service. • Bailey Nelson - A Canadian eyewear company that offers modern, trendy frames at an affordable price point. • Felix Gray - A startup that specializes in blue light-blocking glasses to help reduce eye strain and improve sleep quality. • Owl Optical - A Canadian eyewear retailer that focuses on providing high-quality, fashionable glasses and sunglasses. • SpiltMilk Eyewear - A Toronto-based startup that offers sustainable and eco-friendly eyewear products made from recycled materials. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Aspects covered in this report • Canada Eyewear market with its value and forecast along with its segments • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Spectacles • Sunglasses • Contact Lenses • Other Product Type (Eye Care) By Distribution Channel: • Hypermarket and Supermarket • Speciality Stores ( Optical Stores ) • Franchises/ Company outlets • Online stores • Others (Hospitals & Clinics) By Gender: • Men • Women • Unisex • Kids By Price Range: • Premium • Medium • Low The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Eyewear industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.