The size of the sports sunglasses market in the Middle East and Africa is estimated to reach USD 0.21 billion by 2029 from USD 0.18 billion in 2024, growing at a CAGR of 3.02% from 2024 to 2029.
There are sure key elements using the market studied, such as an upward jostle in consumers’ disposable incomes, owing to which they are seeking branded, well-designed, and excellent products, buyers desire towards changing sports activities sunglasses, alongside with the make bigger in desire toward preserving a luxurious dwelling that additionally speaks about “societal status” by way of protecting high-end commodities. Such elements are predicted to form the market studied in the close to future. Over the previous few years, sports activities merchandise has been witnessing a developing adaptation charge based totally on factors, such as recognition of bodily fitness, experiences of adventure, and improvement of competencies and abilities. The onset of engagement in sports activities, such as running, cycling, mountain biking, hiking, skiing, and backpacking, has led to a surge in demand for leisure apparel and equipment, thereby, facilitating the boom of the market studied. However, rising rivalry amongst key competitors, the hazard from counterfeit products, and the rising availability of substitute merchandise can also bathroom down the growth of the sports activities things to solar colorations corporation over the forecast period.
The look-up analysts furnish a massive description of the rate chain and its distributor analysis. This market study offers an entire assessment that enhances the agency growth, scope, and utility of this report. Increasing participation in sports-related things to do via the Middle East and Africa is among the key elements of the utilization of the increase of the Middle East and African sports Sunglasses Market. This demand for product customization will lead to the expansion of the Middle East and Africa Sports Sunglasses Market at a CAGR of about 4% throughout the forecast period. Moreover, developing interest amongst the thousands regarding retaining protection at some stage in out-of-doorway sports activities things to do is presenting a thrust to the Middle East and Africa Sports Sunglasses market growth.
Impact of COVID-19 on the Middle East and Africa sports sunglasses market:
Due to lockdowns in numerous countries, a variety of sports activities things to do such as cricket & soccer tournaments and Olympic video games have been postponed. Thus, the demand for sports activities sunshades is anticipated to decline all through the forecast duration 2021–2026. The demand for game shades is possible to journey a downfall through the coronavirus pandemic due to the negatively affected furnish chain amid lockdowns. The income generated from the area of expertise keep phase will be decreased for a few months as governments have requested to keep the shops closed until in additional orders amid lockdown due to the COVID-19 pandemic. The COVID-19 pandemic is receding slowly in nations such as China and India and governments are now lifting the lockdown to start industrial activities. This is possibly to be a big chance for several recreation shade producers in these nations to generate the most revenue.
This research report on the Middle East and Africa sports sunglasses market has been segmented and sub-segmented into the following categories.
MEA Sports Sunglasses Market – By Distribution Channel:
The hypermarket and grocery maintain distribution channel section maintain the imperative share of the market owing to the availability of a remarkable range of purchaser objects below a single roof as correct as the provision of the adequate parking area and on-hand operation timings propels the prolonged of market.
MEA Sports Sunglasses Market – By Type:
The polarized merchandise section holds the primary share of the market as these are handy with revolutionary lens and photochromic lens, which helps to minimize the unsafe effect of UVA rays and UVB rays. The polarized section contributed to the greatest share in 2019, accounting for greater than four-fifths of the complete share, and is estimated to keep its dominant function throughout the forecast period. However, the non-polarized section is estimated to portray the absolute best CAGR of 6.1% all through the forecast period.
MEA Sports Sunglasses Market – By Gender:
The male segment accounted for the biggest share in 2019, preserving greater than two-fifths of the complete share, and is predicted to preserve the biggest share during the forecast period. Among these segments, the male area holds the most vital share of the market on the grounds that the availability of male sports activities things to do colors with spherical and apparent lenses and tinted lenses aid the market growth.
However, the female segment is predicted to register a CAGR of 6.1% during the forecast period.
MEA Sports Sunglasses Market – By Country:
The Middle East and Africa area hold the foremost share of the market of Sports Sunglasses owing to the developing volume of sports activities things to do enthusiasts and authorities for golf, running, tennis, cycling, snow sports, water sports, and cricket, etc. The company’s manufacturing sports activities things to do matter to do colorations in the Middle East and Africa are growing their producer visibility, with the useful resource of hiring universal sportspersons to endorse their brands. The company’s manufacturing sports activities things to do colors in the Middle East and Africa is developing its producer visibility, by hiring well-known sportspersons to recommend their brands. Hence, the demand for sports activities and things to do matters to do photovoltaic colors is excessive in the Middle East and Africa place.
KEY MARKET PLAYERS:
Companies playing a dominating role in the MEA sports sunglasses market include Safilo Group SpA, Nike Inc., Columbia Sportswear Company, Under Armour Inc., Decathlon Group, Adidas Group, Luxottica Group (Oakley) and Rudy Project SpA. Decathlon Group and Adidas Group are leading in the Sports Sunglasses Market.
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