Market Research Future (MRFR) has published on the “Global Sports Sunglasses Market”.
Market Research Future (MRFR) has published a cooked research report on the "Global Sports-Sunglasses Market" that contains information from 2018 to 2032. The Sports-Sunglasses market is estimated to register a CAGR of 7.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Sports-Sunglasses market— Essilorluxottica, Puma SE, Nike, Inc., Addidas AG, Under Armour, Inc., Liberty Sport, Inc., Safilo Group S.P.A., YIWU Conchen Glasses Co. Ltd., Decathlon SA, Titan Company Limited.
Sports Sunglasses Market Highlights
The global Sports-Sunglasses market is accounted to register a CAGR of 7.20% during the forecast period. It is estimated to reach USD 6.7 billion by 2032.
The rising participation in sports-related activities and the public's concern about health are the key drivers for the market growth. The increasing availability of substitute products, such as luxury eyewear and conventional sunglasses, is the major challenge in the market's growth. Additionally, technological advancements in sports-related activities are anticipated to promote the growth of the global sports sunglasses market.
Segment Analysis
The global sports sunglasses market has been segmented based on type, gender and distribution channel.
On the basis of type, the market is segmented into Polarized and non-polarized. The polarized segment was attributed to holding the largest market share in 2022 because polarized glass details are easier to see.
Based on gender, the global sports sunglasses market has been segmented into male, female, and unisex. The male segment was expected to hold the largest market share in 2022 due to the accessibility of male sports sunglasses with translucent & round lenses.
Based on distribution channels, the global sports sunglasses market has been segmented into hypermarkets/supermarkets, speciality stores, brand outlets, and online sales channels. The hypermarket/supermarket segment was expected to hold the largest market share in 2022 due to the broad range of consumer goods.
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Regional Analysis
The global Sports-Sunglasses market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Sports-Sunglasses market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Sports-Sunglasses market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The rest of the World Sports-Sunglasses market comprises of Middle East, Africa, and Latin America.
The largest market share for Sports-Sunglasses was maintained by the North American regional sector due to rising demand for sports actiivties. Additional factors promoting market growth include increased investor investments, government support, and the technology's viability. Implementing stringent rules, the growing trend of using protective sunglasses and the presence of major production companies all impact the U.S. market.
Moreover, the Europe market has been persistently growing over the forecast period. Stakeholder's prominence drives the demand for Sports-Sunglasses on the latest technology.
Additionally, due to government bodies' increasing emphasis on international sports occasions through policies and initiatives, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from a growing emphasis on environmentally friendly products.
Furthermore, the rest of the world's sports sunglasses market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising participation in sports activities, production, research and development. Government support, a rise in investor interest, and the viability of technology in the sector are all contributing factors to the expansion of the market.
Key Findings of the Study
- The global sports sunglasses market is expected to reach USD 6.7 billion by 2032, at a CAGR of 7.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis on international sports occasions.
- Based on gender, the male segment was attributed to holding the largest market in 2022, with an approximate market share of X–X%.
- Essilorluxottica, Puma SE, Nike, Inc., Addidas AG, Under Armour, Inc., Liberty Sport, Inc., Safilo Group S.P.A., YIWU Conchen Glasses Co. Ltd., Decathlon SA, Titan Company Limited.
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Companies Covered | 15 |
Pages | 128 |
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