The United States is one of the dominant global sunglass markets, with an impactful number of consumers demand innovative and fashionable products.
The Sunglasses Market was valued at US$ 14.27 Bn in 2021, and it is expected to reach US$ 19.68 Bn by 2029, witnessing an estimated CAGR of 4.1%, during the forecast period.
Market Overview :
The global business consulting firm Maximize Market Research has announced a global business intelligence report on the Sunglasses market. The report indicates the lucrative growth for Sunglasses market suppliers in the forecast period through 2029. The report provides a competitive and pricing analysis along with the regional demand and supply and production analysis in it. It specifies its main segmentation and key drivers of the industry.
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Market Scope
The market intelligence report on Sunglasses market provides the readers with valuable information on the specific market drivers, challenges, restraints and market penetration and the opportunities prevailing in the market. The detailed analysis of the various segments of the market helps the stakeholders and investors to formulate investments and productiondecisions. While researching the market the quantitative and qualitative methods are used to properly analyse the industry. The size of the market and growth rate are covered in the report. The keys players and the new entrants in the market are analysed to understand a comprehensive competitive analysis.
Research tools are also used to understand the market’s strength, weakness, new opportunities and challenges coming in forecast period. Tools such SWOT, PESTLE and PORTER’s five forces are used to analyse to understand underlying factors affecting the industry.
Segmentation :
The sunglasses market is divided into polarised and non-polarized sunglasses based on type. Specifically made for people who participate in sports like golf, cycling, hiking, running, and other activities, polarised sunglasses are used to reduce glare and brightness by blocking unwanted horizontally polarised light while allowing beneficial vertical light to pass through the lenses to the eye. Due to the large product penetration of sunglasses and the higher proportion of people who can afford luxury items, the developed markets have considerable development potential for emerging technologies like polarised sports sunglasses.
The sunglasses market is divided into three categories based on the end user: men, women, and unisex. Men's sunglasses are also gradually becoming a fashion statement, and top sunglass manufacturers like Ray-Ban are responding to consumer demand with fresh product lines. Metal sunglasses, D-frames, huge aviators, heavy bowlines, navigator sunglasses, square eyeglass frames, and reflectors are a few of the fashionable sunglasses styles for guys. Men are also wearing round-frame sunglasses and wayfarers, which are popular styles. The expansion of the industry is being hampered by the poor participation of women in sports in the developing nations of Asia, Africa, and the Middle East.
The market is divided into the offline retail channel and the online retail channel based on the distribution channel. Via offline retail channels, the world market for sunglasses generates a significant amount of sales revenue. This is because there are so many upscale retail chains and multi-branded businesses, giving customers a wide range of options.
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Key Players :
• EssilorLuxottica SA
• SAFILO GROUP S.p.A.
• Fielmann AG
• Marcolin S.p.A. (Marcolin Group)
• De Rigo Vision S.p.A.
• Loch Effects
• Randolph Engineering, Inc.
• Stylrite Optical Industries
• Eyevan Inc.
• Wenzhou Eugenia Eyewear Co., Ltd.(Eugenia Eyewear)
Regional Analysis :
Sunglasses Region dominated the market in 2021 and is also expected to witness the significant growth during the forecast period. The regional analysis in the report includes geographic condition of the market a revenue as well as in depth research into the business network structure, opportunities and news updates. It also guides investors to plan the market strategies which are suitable and applicable in specific regions.
Key Questions answered in the Sunglasses Market Report are:
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Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impactstudies.
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