Market Size : Sunglasses Market Globally Grow at a CAGR of 6.20% by Revenue During the Period 2017-2021
Sunglasses refer to eyewear designed to protect the eyes from harmful UV rays. They are essential for the protection of eyes from sun rays and dust, especially while traveling or driving.
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They are also used as fashion accessories. The global eyewear market is driven by the growing demand of discretionary eyewear, due to the increasing instances of eyesight disorders. People experience vision disorders due to increased usage of gadgets such as laptops, mobiles, computers, and video games. The availability of a wide variety of designs, colors, and features, along with the influence of celebrity endorsement, has raised the demand for these discretionary items in developed countries such as, the US, Germany, the UK, France, Italy, Spain, and Japan. The eyewear market in the emerging economies such as China, India, and Brazil are expected to exhibit a significant growth during the forecast period. The eyewear market in APAC is expected to grow at a fast rate due to increasing population, rising disposable income, and growing awareness of the use of different eyewear.
Technavios analysts forecast the global sunglasses market to grow at a CAGR of 6.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sunglasses market market for 2017-2021. To calculate the market size, the report considers the include/exclude new installations/shipments/sales/volume/value and retrofit/replacement/spares/aftermarket/services market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Sunglasses Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
LUXOTTICA GROUP
Safilo Group
Essilor
LVMH
MAUI JIM
Other prominent vendors
Alexander McQueen
Fielmann
Lanvin
Michael Kors
Pivothead
REVO
Specsavers Optical
Marchon Eyewear
Marcolin Eyewear
Fastrack
Charmant
De Rigo Vision
Market driver
Premiumization of sunglasses
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Market challenge
Growing availability of counterfeit products
For a full, detailed list, view our report
Market trend
Growing adoption of sunglasses as fashion product
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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