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 study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Sunglasses Market , as well as the reasons for variations in the industry’s growth in various locations.
Sunglasses Market Scope:
This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.
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Drivers:
The market studied is majorly catering to the fashion segment, where consumer preference in opting for a sunglass is mostly inclusive of fashion, enhancing the facial aesthetics, brand value, and effective social media marketing/affluence. Traditional eyewear collections are more and more closely tied with ready-to-wear eye gear, which includes expression through colors, shapes, and embellishments. The major global players operating in the fashion industry are branching out their accessories, such as handbags, shoes, etc., that go along with their eyewear. Celebrities and fashion leaders are largely brand savvy and are more inclined to sunglasses that are eye-catching and carry the attention of people.
Sunglasses Market Segmentation:
by Type
Polarized
Non-Polarized
by End User
Men
Women
Unisex
by Distribution Channel
Offline Retail Stores
Online Retail Stores
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Sunglasses Market Key Players :
The entire method entails an examination of the key market players’ financial reports. Following the assessment of the overall market size, the market was segmented into several segments and sub-segments and validated by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Sunglasses Market are as follows:
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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Regional Analysis:
Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Sunglasses Market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Sunglasses Market :
Due to a break in operations, end-user sectors where Sunglasses Market are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Sunglasses Market manufacturers, affecting the development of the Sunglasses Market in 2020. End-user business demand for Sunglasses Market has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Sunglasses Market Report are:
- Which segment had the largest share in the Sunglasses Market in 2021?
- What is the competitive landscape of the Sunglasses Market ?
- Which are the key drivers aiding the Sunglasses Market growth?
- Which region has the maximum share in the Sunglasses Market ?
- What will be the CAGR of the Sunglasses Market during the forecast period (2022-2027)?
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