reached US$ 34.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 47.19 Billion by 2027, exhibiting a growth rate (CAGR) of 5.30% during 2022-2027.
Sunglasses refer to the protective eyewear used to prevent bright sunlight and high-energy light, which is discomforting and damaging for the eyes. They are manufactured using various lens materials, such as plastic, glass, and carbon fiber. Sunglasses are commonly available in polarized and non-polarized variants with non-tinted and tinted lenses that make them suitable for everyday wear. Polarized lenses are crafted to filter out rays and reduce brightness from vivid or reflective surfaces. On the other hand, non-polarized lenses aid in minimizing the intensity of the light. As a result, sunglasses are extensively utilized by men, women, and children and are available through online or offline distribution channels across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The escalating product usage for outdoor activities to prevent exposure to ultraviolet (UV) rays, the inflating purchasing power, and the high preference for premium-quality eyewear are among the primary factors driving the sunglasses market. In addition, the rising participation in sports-related and recreational activities, on account of the increasing health consciousness among individuals, is further augmenting the market growth. Besides this, the introduction of innovative sunglasses that are incorporated with anti-glare, anti-fog, magnetic clip-ons, and customizable nose pads, which can also be personalized as spectacles using convex or concave lenses, is also catalyzing the global market. Moreover, the emerging trend of online tutorials, reviews, social media campaigns by influencers, and celebrity endorsements is acting as another significant growth-inducing factor. Furthermore, the growing number of brand stores and e-commerce websites offering unique eyewear in several shapes and designs is anticipated to propel the sunglasses market over the forecasted period.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
De Rigo Vision S.p.A., EssilorLuxottica SA, Eugenia Eyewear Company Ltd., Fielmann AG, LVMH Moet Hennessy Louis Vuitton, Marchon Eyewear Inc. (Vision Service Plan), Marcolin SpA, Maui Jim Inc., Randolph Engineering, Inc., Safilo Group S.p.A., Specsavers Optical Group Ltd. and Titan Company Limited.
The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Design:
Breakup by Frame Material:
Breakup by Lens Material:
Breakup by Distribution Channel:
Breakup by End User:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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