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Sunglass Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Sunglasses are protective eyewear glasses that are mostly tinted in order to provide protection from the rays of the sun. Sunglasses protect the eyes from the glares of the sun which are often harmful. Sunglasses are polarized or non-polarized, and can be customized according to the needs of the customers. Both convex and concave lenses can be used to make a sunglass according to the eye power of an individual.

Sunglasses are mostly used for cosmetic purposes in order to enhance the appearance of an individual. The global market for sunglasses is segmented on the basis of lens material, lens coating, distribution channel, and geography. On the basis of lens material, the global sunglasses market is segregated into polycarbonate, plastic (ADC/CR-39), and glass. Polycarbonate material garnered the dominant market share in 2015 and is also forecasted to see the most speedy growth rate over the forecast period. This is attributed to the material’s high durability, light weight, and high resistance.In addition, the demand for polycarbonate is increasing due to its finer quality as compared to plastic or ADC. On the basis of lens coating, the global market for sunglasses is segregated into non-polarized and polarized sunglasses. Non-polarized sunglass held the dominant market share in 2015 and is anticipated to experience a declining growth rate over the forecast period owing to increased popularity of polarized sunglasses. Polarized sunglass is forecasted to have the most rapid growth rate owing to increased comfort and higher visibility. In addition, they also provide protection to people with light sensitivity by reducing eye-strain and displaying colors properly.Due to their premium prices, they also help to generate more revenue which is a major driving force of this segment.On the basis of distribution channel, the global market is segregated into in-shop retail and online retail. In-shop retail accounted for the dominant market share in 2015 and is likely to have a steady growth rate over the forecast period. This is attributed to the personalized service that consumers get while buying the product. Online retail is projected to seethe most rapid growth rate over the forecast period owing to reasonable prices and wide range of choices that it offers to customers. In addition, the option of trial before buying that is offered by online retailers in present times is another major reason that is driving the online retail segment in the global market.

Major drivers of the global sunglass market include development of innovative and improved products and designs that serve specific needs of customers. This is triggering market growth as consumers now look for customized products that serve specific purposes. In addition, technological advancements from manufacturers have helped them introduce sunglasses with additional functionality which is another major driver ofthe global market for sunglass. Innovative feature in sunglasses is triggering the market in a positive manner.

Geographically, the global market for sunglasses is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the dominant market share in 2015 and is forecasted to have a steady growth over the forecast period. This is attributed to the large presence of industry players and high purchasing power of consumers in the region. Increased awareness about harmful UV rays among consumers is another major reason that is attributed to the high demand in the region.

Major players inthe global sunglass market include Luxottica, Essilor, Safilo, Maui Jim, LVMH Moët Hennessy Louis Vuitton SE, Michael Kors, Lanvin, Alexander McQueen, Fielmann, Revo, Marchon Eyewear, Pivothead, Charmant, Marcolin Eyewear, Specsavers Optical, and De Rigo Vision among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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