Sunglasses Market was valued at US$ 14272.73 million in 2021, and it is expected to reach US$ 18164 million by 2027, witnessing an estimated CAGR of 4.1%, during the forecast period, 2022-2027.
The market for reaching nearly US$ 114.17 Bn. Maximize Market Research (MMR), a leading global healthcare research firm that offers statistics and information on the global and regional healthcare sector, has published a report on the Sunglasses market. The research offers crucial business insights, regional market sizes, and forecasting until 2029.
Several topics with an emphasis on markets and industries are covered in the report. Launching new products, expanding an organisation, collaborating with others, forming joint ventures, and acquisitions are a few examples of marketing techniques. Furthermore, this study's design has incorporated all of the crucial components of the market research that directly target the industry landscape. This market research analysis also identifies and investigates the significant market drivers, obstacles, and opportunities. A report on the Sunglasses Market's competitive industry and market intelligence was just published by the global healthcare business consultancy firm Maximize Market Research. An 18-year industry expert has evaluated the market from both a local and global viewpoint as part of the research, which mixes primary and secondary information.
Sunglasses Market Overview:
The dynamics of the Sunglasses Market can be understood better by in-depth research of statistics on current and emerging trends. In order to evaluate the significance of many factors, such as concerns presented by various agents, competitive strength, and prospective young businessmen's comprehension of a resource, the research covered Porter's five forces. In order to determine the total market size by countries and segments, the research examined each nation at the microeconomic level. Using a bottom-up approach, the size of the regional and global markets is forecasted. By conducting a micro level analysis of each country, it is feasible to determine the contribution of the unorganised market to the size of the total market. The conclusions are then confirmed through discussions with prominent local entrepreneurs. Secondary research is carried out and evaluated using both paid and free data sets. The sources for demand by category and supply by each player are real government data, commercial databases, and, in the case of listed firms, yearly reports.
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Market Segmentation:
Sunglasses are a type of protective eyewear used to keep strong sunshine and high-energy visible light from harming or irritating the eyes. The eyewear industry is divided into polarized and non-polarized varieties of sunglasses based on product type. The market is divided into three categories: men, women, and unisex. Offline retail stores and online retail stores are the two main types of distribution channels. The market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Market sizing and forecasting have been done on the basis of value for each segment (in USD million).
Market Key players:
• EssilorLuxottica SA
• SAFILO GROUP S.p.A.
• Fielmann AG
• Marcolin S.p.A. (Marcolin Group)
• De Rigo Vision S.p.A.
• Loch Effects
• Randolph Engineering, Inc.
• Stylrite Optical Industries
• Eyevan Inc.
• Wenzhou Eugenia Eyewear Co., Ltd.(Eugenia Eyewear)
Regional Analysis:
The five major geographical regions of the Sunglasses market are North America (the United States, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, Sweden, etc.), Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC), South America (Brazil, Argentina, etc.), and Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and Rest of ME&A).
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Nov 25, 2022