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 Overview
The Sunglasses Market report published by MMR encompasses various segments that offer up-to-date business data and insights into the industry's future through careful assessment and examination. Titled as the Sunglasses Market Report 2021, the report categorizes the market by manufacturer, type, application, and region. It provides an in-depth analysis, revenue statistics, and other crucial data about the global Sunglasses industry. The report also covers various trends, drivers, limitations, opportunities, and threats that the market is expected to face during the forecast period.
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Sunglasses Market Scope
The Sunglasses market report covers the forecast period from 2022 to 2029, with 2021 as the base year. The market size in terms of value and volume for 2021 is estimated based on actual figures and outputs of prominent players worldwide. The market trends from the past five years, specifically from 2016, are taken into account while projecting the market outlook for the period of 2022 to 2029. However, the year 2021 is analyzed separately, considering the impact of regional lockdown measures.
Furthermore, the report provides a comprehensive analysis of the Sunglasses industry, including market segmentation based on product type, applications, end-use, and region. It incorporates an examination of historical market dynamics from 2018 to 2021, enabling readers to compare past trends with the current market scenarios and understand the contributions of key players.
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% in the US during
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 Sunglasses market report provides comprehensive insights and understanding of the current trends, dynamics, and key issues within the market. It highlights the most significant developments that impact the industry, helping readers stay informed about the latest advancements. The report aids in identifying the crucial information presented and assessing the competitive landscape of major companies, analyzing Sunglasses market dynamics, and other factors that assist in formulating effective marketing strategies.
Key Questions answered in the Sunglasses Market Report are:
- What is Sunglasses Market?
- 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 factors are affecting the Sunglasses market growth?
- Who are the key players of the Sunglasses market?
- Which company held the largest share in the Sunglasses market?
- What will be the CAGR of the Sunglasses market during the forecast period?
- What key trends are likely to emerge in the Sunglasses market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Sunglasses#
- Landscape- Leading key players and other prominent key players.
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