Sunglasses Market Size, Share, Analysis Report

Sunglasses Market Size By Product Outlook (Polarized, Non-polarized), By Distribution Channel Outlook (Online, Offline), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The Sunglasses Market is expected to be around US$ 23.20 Billion by 2027 at a CAGR of 4.69% in the given forecast period

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MARKET SNAPSHOT

Major Players

  • Sunglass Hut
  • Apex by Sunglass Hut
  • Spectacle Hut
  • LensCrafters
  • Pearle Vision
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    4

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The Sunglasses Market is expected to be around US$ 23.20 Billion by 2027 at a CAGR of 4.69% in the given forecast period

    Sunglasses are eyewear glasses which defend the eyes from the sun and its injurious radiation. They are mostly tinted in order to offer protection from the harmful waves coming from the sun. The sunglasses are classified into two categories as customizable as per the customer’s personal demand and non-polarized or polarized. Sunglasses can also be used as the spectacles by applying either the convex or concave lenses, according to the eye power of the individual.Lenses are normally made with glass, several plastics, or polycarbonates. The numerous types of sunglass lenses, polarized lenses aid in cutting down the glare because of reflection and are appropriate to be worn even while driving and in the outdoor activities. The rising knowledge related to the harmful effects of UV rays on the eyes, along with the growing of sanction of eyewear, involving sunglasses, as a part of added modern lifestyle accessory, is expected to further fuel the development of the sunglasses market in the forecast period. Furthermore, the usage of sunglasses to heighten facial outlook has grown up with the start of trending shades anddesigns, thereby cushioning the development of the sunglasses market in the forecast period. The rising contribution for sunglasses market can be mostly due to the rising penetration of contact lenses.

    The global Sunglasses market is segregated on the basis of Product Outlook as Polarized and Non-polarized. Based on Distribution Channel Outlook the global Sunglasses market is segmented in Online and Offline.

    The global Sunglasses market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Sunglasses market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Sunglass Hut., Apex by Sunglass Hut., Spectacle Hut., LensCrafters., Pearle Vision., Target Optical., OPSM., ILORI., Ray-Ban, Fastrack, and others are among the major players in the global Sunglasses market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Sunglasses Market has been segmented as below:

    Sunglasses Market, By Product Outlook

    • Polarized
    • Non-polarized

    Sunglasses Market, By Distribution Channel Outlook

    • Online
    • Offline

    Sunglasses Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Sunglasses Market, By Company

    • Sunglass Hut.
    • Apex by Sunglass Hut.
    • Spectacle Hut.
    • LensCrafters.
    • Pearle Vision.
    • Target Optical.
    • OPSM.
    • ILORI.
    • Ray-Ban
    • Fastrack

    The report covers:

    • Global Sunglasses market sizes from 2021 to 2027, along with CAGR for 2021-2027
    • Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2021 to 2027
    • Global Sunglasses market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Sunglasses market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Sunglasses market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Sunglasses market share. Major industry players with significant revenue share include Sunglass Hut., Apex by Sunglass Hut., Spectacle Hut., LensCrafters., Pearle Vision., Target Optical., OPSM., ILORI., Ray-Ban, Fastrack, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Sunglasses industry trends
    • Find complete analysis on the market status
    • Identify the Sunglasses market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Customization

    Customized report as per the requirement can be offered with appropriate recommendations

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    1.    Introduction
    1.1.    Key Points
    1.2.    Report Description
    1.3.    Markets Covered
    1.4.    Stakeholders
    2.    Research Methodology
    2.1.    Research Scope
    2.2.    Research Methodology
    2.2.1.    Market Research Process
    2.2.2.    Research Methodology
    2.2.2.1.    Secondary Research
    2.2.2.2.    Primary Research
    2.2.2.3.    Models for Estimation
    2.3.    Market Size Estimation
    2.3.1.    Bottom-Up Approach
    2.3.2.    Top-Down Approach
    3.    Executive Summary
    4.    Market Overview
    4.1.    Introduction
    4.2.    Drivers
    4.3.    Restraints
    4.4.    Opportunities
    4.5.    Challenges
    5.    Sunglasses Market, By Product Outlook
    5.1.    Key Points
    5.2.    Polarized
    5.3.    Non-polarized
    6.    Sunglasses Market, By Distribution Channel Outlook
    6.1.    Key Points
    6.2.    Online
    6.3.    Offline
    7.    Competitive Landscape
    7.1.    Introduction
    7.2.    Recent Developments
    7.2.1.    Mergers & Acquisitions
    7.2.2.    New Product Developments
    7.2.3.    Portfolio/Production Capacity Expansions
    7.2.4.    Joint Ventures, Collaborations, Partnerships & Agreements
    7.2.5.    Others
    8.    Company Profiles
    8.1 Sunglass Hut.
    8.1.1 Company Overview
    8.1.2 Product/Service Landscape
    8.1.3 Financial Overview
    8.1.4 Recent Developments
    8.2 Apex by Sunglass Hut.
    8.2.1 Company Overview
    8.2.2 Product/Service Landscape
    8.2.3 Financial Overview
    8.2.4 Recent Developments
    8.3 Spectacle Hut.
    8.3.1 Company Overview
    8.3.2 Product/Service Landscape
    8.3.3 Financial Overview
    8.3.4 Recent Developments
    8.4 LensCrafters.
    8.4.1 Company Overview
    8.4.2 Product/Service Landscape
    8.4.3 Financial Overview
    8.4.4 Recent Developments
    8.5 Pearle Vision.
    8.5.1 Company Overview
    8.5.2 Product/Service Landscape
    8.5.3 Financial Overview
    8.5.4 Recent Developments
    8.6 Target Optical.
    8.6.1 Company Overview
    8.6.2 Product/Service Landscape
    8.6.3 Financial Overview
    8.6.4 Recent Developments
    8.7 OPSM.
    8.7.1 Company Overview
    8.7.2 Product/Service Landscape
    8.7.3 Financial Overview
    8.7.4 Recent Developments
    8.8 ILORI.
    8.8.1 Company Overview
    8.8.2 Product/Service Landscape
    8.8.3 Financial Overview
    8.8.4 Recent Developments
    8.9 Ray-Ban
    8.9.1 Company Overview
    8.9.2 Product/Service Landscape
    8.9.3 Financial Overview
    8.9.4 Recent Developments
    8.10 Fastrack
    8.10.1 Company Overview
    8.10.2 Product/Service Landscape
    8.10.3 Financial Overview
    8.10.4 Recent Developments
     

    The Sunglasses Market has been segmented as below:

    Sunglasses Market, By Product Outlook

    • Polarized
    • Non-polarized

    Sunglasses Market, By Distribution Channel Outlook

    • Online
    • Offline

    Sunglasses Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Sunglasses Market, By Company

    • Sunglass Hut.
    • Apex by Sunglass Hut.
    • Spectacle Hut.
    • LensCrafters.
    • Pearle Vision.
    • Target Optical.
    • OPSM.
    • ILORI.
    • Ray-Ban
    • Fastrack

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    The market is expected to grow at a CAGR of 4.98% during the study period (2022-2027)
    The Sunglasses Market is expected to be around US$ 23.20 Billion by 2027
    The segment included in the Sunglasses Market is Product, Distribution Channel and Region.
    Some key players operating in the Sunglasses Market include Sunglass Hut., Apex by Sunglass Hut., Spectacle Hut., LensCrafters., Pearle Vision., Target Optical., OPSM., ILORI., Ray-Ban
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