Global Sunglasses Market 2020-2021 and Forecast to 2026 with LVMH SE Dominating the $ 20 Billion Industry – ResearchAndMarkets.com



DUBLIN – (COMMERCIAL THREAD)–The “Global Sunglasses Market by Distribution Channel, Frame Material, Type, by Design, by Regional Outlook, Industry Analysis Report and Forecast, 2020-2026” the report was added to ResearchAndMarkets.com offer.

Global sunglasses market size expected to reach $ 20 billion by 2026, with market growth of 6% CAGR

Sunglasses fall into two categories: polarized and non-polarized, which can be further customized according to customer needs. By using convex or concave lenses in sunglasses, customers can use them as eyewear depending on the eye power of the person.

Sunglasses are made according to their ultimate purpose. For example, sports sunglasses are made of impact resistant materials to protect the eyes with substantial color. If these sunglasses are designed for casual or fashionable purposes, then they are made using less durable materials as they don’t need the same strength.

In the manufacturing process of sunglasses, raw materials such as oral diglycol carbonate (ADC) CR-39, polycarbonate and silicone hydrogel are used. Chemical companies like SABIC manufacture these raw materials and deliver them to sunglasses manufacturers. All of these sunglasses manufacturers produce products with specific requirements like anti-scratch or anti-scratch coating, anti-reflective (AR) coating, etc.

Perspectives distribution channel

On the basis of the distribution channel, the market is segmented into specialty stores, supermarkets and hypermarkets, online and others. The offline market segment experienced the maximum market share in 2019. This is due to the changing consumer preference to try the product before final purchase. The growing distribution facilities of major manufacturers are driving the growth of the segment.

Outlook frame material

On the basis of frame material, the market is segmented into injection, metal, acetate, and others. The Injected market dominated the global sunglasses market by frame material 2019, with a CAGR of 5% during the forecast period. The Metal market is expected to experience a CAGR of 6.5% during the period (2020-2026).

Type Outlook

Based on the type, the market is segmented into non-polarized and polarized. By product type, non-polarized sunglasses generated the highest revenue share in 2019. There are a variety of non-polarized sunglasses available in different shapes and colors in offline stores. These glasses are less expensive than other sunglasses and add to the style statement of the customers.

In addition, dark-colored unpolarized sunglasses decrease the intensity of light, which can cause eye discomfort. This segment will continue to dominate the market due to the lack of awareness of people on the suitability of sunglasses for each person.

Design perspectives

On the basis of the design, the market is segmented into Round, Square, Cat’s Eye, Oval, Aviator, Rectangle, Others. The Round market dominated the global sunglasses market by design 2019 and is expected to continue to be a dominant market until 2026. The Square market is experiencing a CAGR of 6.9% during the period (2020-2026). Experts forecast that the Cat Eye market is expected to grow at 7.5% CAGR during the period (2020-2026). Moreover, the Oval market is expected to experience a CAGR of 7.3% during the period (2020-2026).

Regional perspectives

On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa. North America is expected to experience a promising growth rate during the forecast period. Due to changing fashion trends and increasing customer preference for high end and luxury sunglasses, demand for the product will increase in this region. In addition, the increase in disposable income has increased the purchasing power of customers in this region. Hence, customers spend more to buy luxury eyewear to make attractive fashion statements.

Competitive landscape

The main strategies followed by market players are partnerships. Based on the analysis presented in the cardinal matrix; LVMH SE is the major precursor in the sunglasses market. Companies such as Safilo Group SpA, De Rigo Vision SpA, Adidas AG and Marcolin Group are among the main innovators in the market.

The market research report covers the analysis of the major players in the market. The main companies described in the report include Prada SpA, Adidas AG, LVMH SE, EssilorLuxottica SA (Essilor Instruments USA), Maui Jim, Inc., Safilo Group SpA, De Rigo Vision SpA, Specsavers Optical Group Ltd., Fielmann AG (Korva SE), and Marcolin Group.

Scope of the study

Market segments covered in the report:

By distribution channel

  • Specialty stores

  • Supermarkets & Hypermarkets

  • In line

  • Others

By frame material

  • Injected

  • Metal

  • Acetate

  • Others

By type

Intentionally

  • Tower

  • Square

  • Cat eye

  • oval

  • Aviator

  • Rectangle

  • Others

Profiled companies

  • Prada SpA

  • Adidas AG

  • LVMH SE

  • EssilorLuxottica SA (Essilor Instruments USA)

  • Maui Jim, Inc.

  • Safilo SpA Group

  • From Rigo Vision SpA

  • Specsavers Optical Group Ltd.

  • Fielmann AG (Korva SE)

  • Marcolin Group

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

Chapter 3. Competitor Analysis – Global

Chapter 4. Global Sunglasses Market by Distribution Channel

Chapter 5. Global Sunglasses Market by Frame Material

Chapter 6. Global Sunglasses Market by Type

Chapter 7. Global Sunglasses Market by Design

Chapter 8. Global Sunglasses Market by Region

Chapter 9. Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/3kay48


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