The
global Sunglasses market size
is expected to reach USD 27.72 billion by 2026 according to a new study by
Polaris Market Research. The report “Sunglasses
Market Share, Size, Trends, Industry Analysis Report By Product (Polarized,
Non-Polarized), By Material (CR-39, Polycarbonate, Polyurethane, Others), By
Channel (Online, Offline), By Regions, Segments & Forecast, 2020 – 2026” gives
a detailed insight into current market dynamics and provides analysis on future
market growth.
Demand for
sunglasses has led to the need for reduced dependency on spectacles and uptake
of contact lenses. Therefore, growing awareness among the general population
regarding the importance of protecting the eyes is the key driving force for
the market. Sunglasses exhibit the highest growth rate, which is a direct
result of burgeoning prices, especially in the high-end segment of the market.
The expected increase in the demand of sunglasses for health, lifestyle, and
cosmetic purposes is also expected to drive the market.
Companies
such as Luxottica Group S.p.A., Prada SPA, Safilo Group S.p.A, Fielmann
AG, De Rigo SpA, Kering SA, Capri Holdings, LVMH, Marcolin S.p.A, and Maui Jim
are some of the key players operating in the market.
Download sample Copy: https://www.polarismarketresearch.com/industry-analysis/sunglasses-market/request-for-sample
The average
selling price of sunglasses is expected to be highest in the Europe, which is
expected to drive the revenue in this market. Due to the dominant presence of
major players of the market in Europe, there exists higher brand awareness and
thus higher demand for the high-end sunglasses sector. This can be attributed
to increasing awareness regarding eye healthcare and a trendsetting consumer
base backed by abundant disposable incomes.
Increasing
purchasing power backed by rising disposable incomes among the consumers across
various regional markets is expected to drive the demand for sunglasses across
the global market. Growing income level and households in the middle class have
led to increased aggregate disposable income in developing regions.
Additionally,
the proliferation of the internet and online retailing services is expected to
positively impact the market. The Japanese market is characterized by growing
demand for online purchase of sunglasses. However, growth in internet retailing
has resulted in low product prices and thus has adversely affected the revenue
streams. Growing purchase volumes of sunglasses are expected to curb the impact
of this trend over the next seven years. High scope for penetration in this
sector is expected to be an opportunity for industry participants.
Do you have questions or special requirements? Ask our
industry experts: https://www.polarismarketresearch.com/industry-analysis/sunglasses-market/speak-to-analyst
Independent
retailers and stores are businesses under private ownerships. These are usually
single-store operations and offer both high risks and high rewards for the
store owner. Major sunglasses vendors and brands give away franchising rights
to individuals or enterprises willing to open up independent stores for a
specific brand, retailer, or vendor for a certain royalty or franchise fee to
be given to the sunglasses manufacturer.
Manufacturers
have also made available prescription eyewear and sunglasses across several
regions to grow their customer base. However, there lies a strong belief among
consumers that sunglasses sold at certain drugstores are not customized and not
in accordance with the prescription, due to which they do not focus the images
but rather make them appear larger, thus costing significantly lesser.
Contact us
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
No comments:
Post a Comment
Please do not enter any spam link in the comment box...