LONDON, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market Research completed a qualitative study titled "" with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. The Sunglasses report analyses customer behavior to determine their requirements and wants, and then provides solutions that are sincerer, effective, and more efficient than those offered by the competitors. This Sunglasses market research study is special because it utilizes first-rate tools and methods, as well as a research procedure that is straightforward and easy to comprehend. The market's drivers and restraints, as well as the influence those factors are expected to have on-demand over the course of the forecast period, are taken into account in the analysis. When clients use this Sunglasses research for their company's growth, they get familiarity with a nice combination of the greatest industry insights, practical solutions, talent solutions, and the latest technology. This study is a great resource.
Data Bridge Market Research analyses that the sunglasses market was valued at USD 157.9 billion in 2021 and is expected to reach the value of USD 569.03 billion by 2029, at a CAGR of 17.38% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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are eyewear glasses that shield the eyes from the sun's harmful rays. They are mostly tinted to protect from the sun's rays. The sunglasses are either non-polarized or polarised and can be customized to the buyer's specifications. Sunglasses can be polarised or non-polarized, and they can be customised to the customer's specifications. Sunglasses can also be used as spectacles by using either convex or concave lenses, depending on the person's eye power.
Encouraged by rising product demand, eyewear manufacturers concentrate on creating appealing and affordable eyewear. They are constantly introducing new designs and patterns in order to respond quickly to current fashion trends and attract fashion enthusiasts. The ongoing efforts of the market's leading players to acquire new customers and retain existing ones positively influence eyewear market statistics.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Sunglasses market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the Sunglasses Industry are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategy, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
Fundamental Aim of Sunglasses Market Report
In the Sunglasses market, every company has goals, but this report focus in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Factors influencing the Sunglasses market's size and growth rate.
- Major alterations to the Sunglasses Market in the near future.
- Notable Market rivals around the world.
- The Sunglasses Market's Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
The Sunglasses Market is Dominated by Firms Such as
- De Rigo (Italy)
- Essilor (France)
- Fielmann (Germany)
- JEANNE LANVIN SA (France)
- LVMH (France)
- Marchon Eyewear, Inc. (U.S.)
- Marcolin SpA. (Italy)
- Maui Jim, Inc. (Hawaii)
- Safilo Group S.p.A. (Italy)
- Alexander McQueen Trading Limited (UK)
- Michael Kors (U.S.)
- Pivothead (U.S.)
- Specsavers (France)
- Titan Company limited (India)
- CHARMANT USA, Inc. (U.S.)
- De Rigo Vision S.p.A. (Italy)
- XIAMEN ASA SUNGLASSES CO., LTD. (China)
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Recent Development
- In September 2021, Facebook announced the long-awaited launch of the Ray-Ban Stories smart glasses in collaboration with eyewear giant EssilorLuxottica.
- Safilo announced the launch of us.carreraworld.com, a new US e-commerce platform in the United States for its core sunglass brand Carrera, in August 2021.
- Luxottica Group unveiled new travel retail exclusive sunglasses styles from Ray-Ban and Oakley in July 2021. The collection includes two frames designed specifically for Asia-Pacific markets, as Luxottica continues to shift its strategic focus to the region.
Opportunities for Key Players:
Major drivers of the global sunglass market include advanced and improved products and services that meet specific client needs. This is driving market growth because buyers are currently looking for personalised products that meet specific needs. Furthermore, manufacturers' innovative breakthroughs have enabled them to present sunglasses with added utility, which is another significant driver for the sunglass market. The creative element in sunglasses is positively impacting the market.
Key Market Segments Covered in Sunglasses Industry Research
By Type
- Non-polarized
By Design
- Aviator/Pilot
- Rectangle
- Round
- Square
- Oval
- Cat Eye
By Frame material
- Acetate
- Metal
- Injected
By Distribution channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Sales Channel
Key Growth Drivers:
- Consumer preferences for fashionable, trendy fashion segments to cater their overall personality
The market studied caters primarily to the fashion segment, with consumer preferences in choosing a sunglass encompassing fashion, enhancing facial aesthetics, brand value, and effective social media marketing/affluence. Traditional eyewear collections are becoming increasingly intertwined with ready-to-wear eyewear, which includes colour, shape, and embellishment expression. Celebrities and fashion leaders are generally brand savvy and prefer eye-catching sunglasses that draw people's attention.
- Growing product visibility through retail and digital marketing
Increased distribution drives market growth through e-commerce websites and the spread of social media. The eyewear industry heavily advertises on popular social media platforms such as Instagram, Twitter, and Facebook, allowing them to analyse audience preferences and offer specially curated products. These platforms assist businesses in incorporating innovative marketing strategies such as influencer and affiliate marketing to increase profitability.
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Sunglasses Market Regional Analysis/Insights:
The countries covered in the sunglasses market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the sunglasses market due to knowledge about the side effects of UV radiation on eyes, and the use of sunglasses as part of fashion trends is expected to propel the sunglasses market's growth. Due to its large population and growing acceptance of fashion products, Asia-Pacific is expected to see significant growth in the sunglasses market. Furthermore, rising per capita disposable incomes and the expansion of the organised retail sector are expected to drive the sunglasses market forward.
This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
- How will the major segments of this international market develop over the next few years?
- Who are the major players that will dominate the market in the future?
- When it comes to this industry, who are the top suppliers and producers?
- How have the most successful companies in the industry planned for future growth and expansion?
- In what sectors might we expect to see the greatest increase in demand over the coming years?
- How many distinct subsets of buyers make up this market?
- Which regional powerhouse do you foresee becoming the largest player in the international market?
- Does a new coronavirus pandemic have any consequences?
- In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Global Sunglasses Market, By Type
- Global Sunglasses Market, By Design
- Global Sunglasses Market, By Frame material
- Global Sunglasses Market, By Distribution Channel
- Global Sunglasses Market, By Region
- Global Sunglasses Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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