Sunglasses Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 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.

 

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Sunglasses Market Analysis, Revenue, Price, Share, Growth Rate, Forecast to 2028

 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.

 

Buy Now : https://www.polarismarketresearch.com/checkouts/5111

 

Sunglasses Market Recent trends, Potential Growth, Demand and Forecast

 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.

 

Buy Now : https://www.polarismarketresearch.com/checkouts/5111

Sunglasses Market Size, Opportunities & Strategic Assessment 2020-2026

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.

Buy Now : https://www.polarismarketresearch.com/checkouts/5111

Contact us

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Phone: 1–646–568–9980

Email: sales@polarismarketresearch.com

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Sunglasses Market In Depth Industry Analysis on Trends, Growth, Opportunities and Forecast till 2026

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.

Buy Now : https://www.polarismarketresearch.com/checkouts/5111

Contact us

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Phone: 1–646–568–9980

Email: sales@polarismarketresearch.com

Web: www.polarismarketresearch.com

Sunglasses Market Competitor Landscape, Opportunity Analysis, Growth, Trends & Forecast 2019-2026

New York, NY 06 Dec 2019:The global sunglasses market size is anticipated to reach 36,459.5 million by 2026 according to a new study published by Polaris Market Research. The report “Sunglasses Market Share, Size, Trends, Industry Analysis Report, By Lens Type (Polarized, Non-Polarized); By Material (CR-39, Polycarbonate, Polyurethane, Others); By Distribution Channel (Offline Stores, Online Channels); By Regions, Segments & Forecast, 2019 – 2026” provides detailed market insight and taps future market trends.

In 2018, offline stores accounted for highest market share in terms of revenue. North America is expected to be the leading market for sunglasses in revenue terms in 2018. The main drivers to growth of sunglasses are the increasing awareness amongst consumers to the lurking dangers posed to the naked eye by harmful UV rays and secondly, a rising living standard.

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The increasing will to adopt latest styles, and sunglasses having been nick-named as a cool and indispensable fashion accessory boosts the sunglasses market growth. The essential expansion of Internet and rise of e-commerce, use of smart phones and a proportional chunk of technologically abreast consumers would support growth. The high-end premium technology segment has been growing at a steady rate in industry growth and displays a lot of promise in years to come.

The products are now a days looked upon less as a fashion accessory and more as an indispensable aid to shut out UV radiation. The products have brand recall factor and are a step ahead in its race for chic tag. Sunglasses that offer shade, but no UV protection cause pupils to dilate and provide access to more of those harmful rays.      

The cool fashion quotient that sunglasses have come to be identified with has encouraged consumers to buy the latest chic designs and luxury brands. The growing retail industry, modern retail practices, growing technological advancements and online trading would increase the sales of sunglasses during the forecast period. Increasing exports and product innovations are supporting eye wear market across the region.

Do you have questions or special requirements? Ask our industry experts: https://www.polarismarketresearch.com/industry-analysis/sunglasses-market/speak-to-analyst

The growing disposable incomes have encouraged consumers to buy the product that more often than not live up to their living standards. Furthermore, consumers are rooting for trendy and designer sunglasses that will enhance their personality to some extent. Hence epitome of fashion consciousness and high and uptown living standards would contribute to the growth of the sunglasses.  

Sale of product through online channels has been attracting considerable footfalls over the years. This trend off online shopping is gaining significant traction in developing economies that applies to prominent players to distribute their products globally. New entrants are also showcasing their products online. Online platforms offer market players a marketplace to distribute their products while lowering operational costs.

North America leads the sunglasses industry in terms of revenue and is expected to lead throughout forecast period. Increasing population, high disposable incomes and growing health consciousness has propelled growth in the region.

The leading players in market include Luxotica Group, S.p.A, Prada S.p.A, Safilo Group S.p.A, Fielman AG, De Rigo Vision, Alexander McQueen, Michael Kors, LVMH Moet Henessey Louis Vuitton SE, Marcolin Eyewear and Maul Jim.

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Sunglasses Market study updated by Polaris, expects market to reach $36,459 million by 2026

New York, NY 11 Nov 2019: The global Sunglasses Market size was valued at USD 17,950.9 million in 2018 and is anticipated to reach $36,459 million by 2026 | grow at a CAGR of 9.5%  according to a new research published by Polaris Market Research. In 2018, the offline stores segment accounted for the highest market share in terms of revenue. North America is expected to be the leading contributor to the global Sunglasses market revenue in 2018.

“Sunglasses Market Share, Size, Trends, Industry Analysis Report, By Lens Type (Polarized, Non-Polarized); By Material (CR-39, Polycarbonate, Polyurethane, Others); By Distribution Channel (Offline Stores, Online Channels); By Regions, Segments & Forecast, 2019 – 2026”

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The well-known companies profiled in the Sunglasses market report include Luxottica Group S.p.A, Prada S.p.A, Safilo Group S.p.A, Fielmann AG, De Rigo Vision, Alexander McQueen, Michael Kors, LVMH Moët Hennessy Louis Vuitton SE, Marcolin Eyewear, and Maui Jim. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

The significant increase in awareness regarding eye protection against harmful UV rays among consumers, coupled with growth in living standards majorly drives the Sunglasses market growth. The increasing adoption of fashion trends, and use of sunglasses as a fashion accessory boosts the sunglasses market growth. The rising penetration of e-commerce, driven by growing broadband internet penetration, use of smartphones and an increasing proportion of technologically inclined consumers would further support the growth of the Sunglasses market. Consumers are increasingly becoming aware of eye health, which supports market growth. The growing popularity of fashion trends, and increasing disposable income encourage consumers to purchase designer, luxury, and branded sunglasses. The growing retail industry, modern retail practices, growing technological advancements, and online distribution efficiencies would increase the sale of sunglasses during the forecast period.

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The growing disposable income has encouraged consumers to buy high quality sunglasses that are in perfect amalgamation with their increasing living standards. Moreover, consumers are now opting for trendy and designer sunglasses according to latest trends prevailing in the market. Youth prefer to don luxury sunglasses in an effort to accentuate their overall appearance. Thus, lofty living standards and increasing fashion consciousness would contribute to the growth of the sunglasses market.

Sale of sunglasses through online channels has gained significant popularity over the years. The trend of online shopping is gaining traction in developing economies, thereby encouraging established market players to distribute their products globally. Emerging and new players are also using online platforms for promotion and sale of products. Online distribution channels offer a global platform to market players for expansion of customer base, while reducing operation cost.

North America generated the highest Sunglasses market share in terms of revenue in 2018, and is expected to lead the global Sunglasses market throughout the forecast period. The growing population, high disposable incomes, and increasing health consciousness has accelerated the Sunglasses market growth in the region. The increasing adoption of fashion trends, and online shopping is generating numerous opportunities for the Sunglasses industry.

Complete Summary with TOC Available @ https://www.polarismarketresearch.com/industry-analysis/sunglasses-market

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world.

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