Global Sunglasses Market was valued at USD 16.2 billion in 2019 which is expected to reach USD 38.25 billion at a CAGR 5.6%.
Sunglasses are the type of protective eyewear which is designed to protect eyes from bright sunlight, and high energy visible light. These are made up with Polycarbonate, Polyurethane, CR-39, and Others. Sunglasses are mainly divided into two types such as polarized, and non-polarized sunglasses.
Change in lifestyle, and fashion trend is the key driving factor which is expected to boost the global sunglasses market growth. Furthermore, increase in demand for sunglasses in sports will have the positive impact on market growth. For instance, in March 2017, Nike had launched its new men’s training sunglass collection with new style. These sunglasses are specifically designed for athletes with various features such as anti-fog ventilation, ventilated rubber nose bridge, and 100% UVA and UVB protection. It has lightweight and durable nylon frames.
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The market statistics segment briefs on the forecasted CAGR the Sunglasses market is expected to register over the analysis period. The market highlights details driving factors and challenging factors, which can influence the market growth in the forecast period. Our market analysts have meticulously worked on the evolution of the xx market and have identified the recent trends reinforcing the Sunglasses Market growth. They have spotted every opportunity based on which the market can capitalize. On scrutinizing, not only the Sunglasses market pitfalls were identified, but also, safety measures and techniques to combat the Sunglasses market are mentioned.
However, fluctuations in raw material prices are the major restraining factor which is expected to hamper the global sunglasses market growth.
Market Key Players
Various key players are discussed in this report such as Adidas, Futis, Nike Inc, Carl Zeiss, Silhouette, KAENON, Kering, Richemont, Marcolin S.p.A, Maui Jim Inc, and Essilor International S.A
By Distribution Channel
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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