Global Sports Sunglasses Market, By Product Type (Polarized and Non- polarized), Gender (Male, Female, and Unisex), Distribution Channel (Hypermarket/ Supermarket, Specialty Stores, Brand Outlets, Online Sales Channel and Others), Application (Outdoor Sporting and Traveling, Water Sports, Ski Sports and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Sports Sunglasses Market
The sports sunglasses market is expected to be growing at a growth rate of 7.1% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of sports sunglasses market. This rise in sports sunglasses value can be attributed to the various factors such as increased focus of the product manufacturers on product innovations, growing participation of individuals in outdoor sports, growing popularity of e-commerce platforms especially in the developing economies and increasing personal disposable income. This signifies that the sports sunglasses market value, which was USD 3600 million in 2020, would stand tall by USD 6,231.86 million by 2028.
Sports sunglasses are specialized sunglasses the lenses of which are made out of polycarbonate materials. The sports sunglasses are much more durable, safer and sturdier for the eyes. These are impact resistant and as a result are preferred in a wide range of sports such as swimming, cycling, mountain biking, and other activities. These glasses are easily available via both online and offline modes of distribution.
Rising popularity of adventure sports such as sky diving and increasing personal disposable income are the major factors fostering the growth of the market. Growth and expansion of sports industry especially in the developing economies, surge in the participation of youngsters and different kinds of sports, evolving consumer preferences for sunglasses that protect the eyes against harmful UV radiations and rise in the research and development activities are some other indirect market growth determinants. Growing penetration of e-commerce platforms, ever-rising population and rising globalization and westernization will also create lucrative and remunerative market growth opportunities in the long run.
- On the flip side, low penetration rate in the underdeveloped economies will pose a major challenge to the growth of market in the long run. Fluctuations in the prices of raw materials will further derail the market growth rate. Further, a large number of alternative sports and fitness related activities will also create hindrances for the market growth rate.
This sports sunglasses market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on sports sunglasses market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sports Sunglasses Market Scope and Market Size
The sports sunglasses market is segmented on the basis of product type, gender, distribution channel and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the sports sunglasses market has been segmented into polarized and non- polarized.
- On the basis of gender, the sports sunglasses market is segmented into male, female and unisex.
- On the basis of distribution channel, the sports sunglasses market is segmented into hypermarket/ supermarket, specialty stores, brand outlets, online sales channel and others. Online badminton apparel sales and offline badminton apparel sales. Online sales channel segment is sub-segmented into e-commerce and company-owned website.
- On the basis of application, the sports sunglasses market is segmented into outdoor sporting and traveling, water sports, ski sports and others.
Sports Sunglasses Market Country Level Analysis
The sports sunglasses market is analysed and market size insights and trends are provided by country, product type, gender, distribution channel and application as referenced above.
The countries covered in the sports sunglasses market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe dominate the sports sunglasses market owing to the presence of major players in this region. Asia-Pacific region is expected to score the highest CAGR owing to the rising popularity of outdoor sports, growing personal disposable income, rapid globalization, westernization and modernization are some major market growth determinants for this region.
The country section of the sports sunglasses market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sports Sunglasses Market Share Analysis
The sports sunglasses market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sports sunglasses market.
The major players covered in the sports sunglasses market report are Under Armour, Inc., adidas America Inc., Nike, Inc., PUMA SE, SHOP4REEBOK.COM, LUXOTTICA GROUP, TITAN LTD., Decathlon Sports India Pvt Ltd., PUMA SE, SAFILO GROUP S.P.A., Liberty Sport., Yiwu Conchen Glasses Co.,Ltd, Rudy Project, ZOGGS, CHARMANT Group, De Rigo Vision S.p.A., XIAMEN ASA SUNGLASSES CO., LTD., Kyboe.nl among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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