Sunglasses Market was valued at US$ 14.85 Bn in 2022, and it is expected to reach US$ 19.68 Bn by 2029, witnessing an estimated CAGR of 4.1%, during the forecast period.
Sunglasses Market Report Overview
The Sunglasses Market Research Report provides a comprehensive overview of the market, including its current state, definitions, classifications, applications, industry chain structure, and key players. The report also includes unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. In addition, the report provides information on the leading businesses functioning in the Sunglasses industry, their strategic ambitions, and company growth strategies.The report also evaluates mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches in the Sunglasses market.
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Sunglasses Market Scope
Maximize Market Research’s Sunglasses Market Report provides a comprehensive analysis of the market, using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, as well as PESTLE, Porter, and SWOT analyses. It also includes information on the latest developments and technologies in the global Sunglasses market.
The report provides detailed information on the global Sunglasses market, including market shares, supply chain analysis, and key success factors. It also includes the opinions of industry experts from top leading organizations in the global Sunglasses market.
The report covers the following historical years (2017-2021), base year (2022) and forecast period (2023-2029).
Sunglasses Market Segmentation
The market for sunglasses is divided into two categories: polarized and non-polarized. The main purposes of polarized sunglasses are to reduce glare and brightness. They are made especially for athletes who play sports like cycling, hiking, running, and golfing. The lenses filter out unwanted horizontally polarized light while letting beneficial vertical light enter the eye. The developed markets provide substantial development potential for cutting-edge technologies like polarized sports sunglasses because of the high product penetration of sunglasses already in place and the increasing proportion of the population that can afford luxury goods.
The market for sunglasses is divided into three segments based on the end user: men, women, and unisex. Men’s sunglasses are also starting to make a fashion statement. Luxury brands, like Ray-Ban, are responding to market trends by releasing new models. Men’s sunglasses are currently in style with D-frame, metal, thick bowline, huge aviators, navigator, square frames, and reflectors among other styles. Men are also wearing wayfarers and sunglasses with rounded frames as trendy styles. The low level of female participation in sports in developing Asian, African, and Middle Eastern nations is impeding market expansion. On the other hand, women’s participation in outdoor sports like water skiing and surfing increased by 57.66%.
It is divided into offline retail channels and online retail channels based on the distribution channel. Through offline retail channels, the global sunglasses industry generates a significant amount of sales revenue. This is because there are so many upscale retail chains and multi-brand stores that allow consumers a wide range of possibilities. Customers of all income levels frequent specialty sunglass shops like Titan Eye+, high-end sunglasses retailers like Giorgio Armani SpA and Ray-Ban, as well as neighborhood retail stores. This is because the customized vision experts in these eyewear stores frequently assist customers with choosing sunglasses, which can be challenging when shopping online. The convenience that these online retailers offer is the primary factor driving the growth in sales of eyewear.
1. Global Sunglasses Market, by Type (2022-2029)
• Polarized
• Non-Polarized
2. Global Sunglasses Market, by End User (2022-2029)
• Men
• Women
• Unisex
3. Global Sunglasses Market, by Distribution Channel (2022-2029)
• Offline Retail Stores
• Online Retail Stores
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Sunglasses Market Key Players
1. EssilorLuxottica SA
2. SAFILO GROUP S.p.A.
3. Fielmann AG
4. Marcolin S.p.A. (Marcolin Group)
5. De Rigo Vision S.p.A.
6. Loch Effects
7. Randolph Engineering, Inc.
8. Stylrite Optical Industries
9. Eyevan Inc.
10. Wenzhou Eugenia Eyewear Co., Ltd.(Eugenia Eyewear)
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Sunglasses Market Regional Analysis
The report provides the statistical market growth data for every influencing economy in the global Sunglasses market. The various countries like North America, Asia-Pacific, Europe, Latin America, and MEA are considered while preparing report. All the emerging trends with population growth along with government strategies and regulations are covered in the report. The final conclusion part of regional insights consists, of all economies’ in the market influencing data in the form of historical as well as forecasted period.
Key Questions answered in the Sunglasses Market Report are:
- What is the forecast period of the Sunglasses Market?
- What is the competitive scenario of the Sunglasses market?
- Which region held the largest market share in the Sunglasses Market?
- What are the opportunities for the Sunglasses Market?
- What are the restraining factors in the Sunglasses market?
- Who are the key players of the Sunglasses market?
Key offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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