The Sports Sunglasses market is valued at 3.1 billion US dollars in the year 2021, which is expected to reach a growth of 4.1 billion US dollars by the end of 2027 with a compound annual growth rate of 4.7% during the forecast period of 2021 to 2027. The market value of sports sunglasses is expected to increase more during the forecast period.
Increasing the number of sports stores owing to the surge in the trend of sports apparel and equipment are some of the driving factors for the growth of the Sports Sunglasses market.
Factors such as consumer acceptance towards various types of eyewear, which is inclusive of sports eyewear, are propelling the Sports Sunglasses market growth.
Factors such as increasing consumer awareness about the added benefits offered from wearing sports eyewear while engaged in physical activities compared to standard eyewear products are promoting the growth of the market of Sports Sunglasses across the globe.
The rising of consumer’s disposable income in which they seek branded, well-designed, and quality products are also a major driving factor that helps the growth of the market of Sports Sunglasses across all the regions.
Another major growth factor of the sports sunglasses market is the increase in preference towards maintaining luxury living by retaining high-end commodities.
The low penetration rate for various types of sports eyewear is one of the major restraints affecting the growth of the market of Sports Sunglasses.
Competition from various major companies is another major restraint that is affecting the growth of the Sports Sunglasses market.
Market Size Available
2021 – 2027
2021 - 2027
On the basis of type, On the basis of gender, On the basis of distribution channels
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Yiwu Conchen Glasses Co., Ltd., Decathlon SA, Under Armour, Inc., Titan Company Limited, Liberty Sports, Inc., Adidas AG (Adidas), Luxottica, PUMA SE, Nike, Inc., and Taizhou Baiyu Eyewear Co., Ltd.
The Sports Sunglasses market is segmented on the basis of type, on the basis of gender, the basis of distribution channel, and on the basis of geography.
The Sports Sunglasses market is segmented into two types, namely polarized and nonpolarized. Among these segments, the polarized type products segment holds the major share of the market as these are available with progressive lens and photochromic lens, which helps to reduce the harmful impact of UVA rays and UVB rays. The nonpolarized sports sunglasses segment is expected to increase the market value during the forecast period.
The market of Sports Sunglasses is bifurcated into three types, namely male, female and unisex. Among these segments, the male segment holds the major share of the market since the availability of male sports sunglasses with round and transparent lenses and tinted lenses help the market to grow.
The Sports Sunglasses market is segmented into hypermarkets, supermarkets, specialty stores, brand outlets, and online sales channels. Among these segments, the hypermarket and supermarket distribution channel segment hold the major share of the market owing to the availability of a broad range of consumer goods under a single roof as well as the provision of ample parking space and convenient operation timings propels the growth of the market.
The Sports Sunglasses market is elaborated in various regions all around the world such as
North America region holds the major share of the market of Sports Sunglasses owing to the increasing number of sports enthusiasts and professionals for golf, running, tennis, cycling, snow sports, water sports, and cricket, etc. North America region is expected to hold the dominance of the market of Sports Sunglasses during the forecast period.
Asia Pacific region is expected to increase the market of Sports Sunglasses owing to the rapid increase in participation in sports and healthy lifestyle trends as well as a rise in the number of people entering the global workforce.
Europe region is expected to increase the market of Sports Sunglasses during the forecast period followed by North America region and the Asia Pacific region.
Key market players:
Some of the key market players of Sports Sunglasses market are Yiwu Conchen Glasses Co., Ltd., Decathlon SA, Under Armour, Inc., Titan Company Limited, Liberty Sports, Inc., Adidas AG (Adidas), Luxottica, PUMA SE, Nike, Inc., and Taizhou Baiyu Eyewear Co., Ltd.
Coronavirus has impacted every sector in unprecedented ways due to the strict lockdown which was imposed by the government authorities from their respective countries all around the world as we all are aware that due to the lockdown, companies are forced to halt their manufacturing units for a period of time to eradicate the spread of coronavirus as it was spreading at a rapid speed from one person to another. This situation may continue until the vaccine for the coronavirus has been released.
As per the report, the market of Sports Sunglasses is expected to increase the revenue rate much further owing to the increasing demand for Sports Sunglasses across the world due to rapid increase in participation in sports and healthy lifestyle trends as well as a rise in the number of people entering the global workforce are some of the major factors which propel the growth of the market of Sports Sunglasses in the coming years
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Sports Sunglasses Market, By Type
6.1.3 Market Size Estimations & Forecasts (2021-2027)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Sports Sunglasses Market, By Gender
6.2.4 Market Size Estimations & Forecasts (2021-2027)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Sports Sunglasses Market, By Distribution Channel
6.3.3 specialty stores
6.3.4 brand outlets
6.3.5 online sales channel
6.3.6 Market Size Estimations & Forecasts (2021-2027)
6.3.7 Y-o-Y Growth Rate Analysis
6.3.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2027)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Gender
7.2.4 By Distribution Channel
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By Gender
7.3.4 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Gender
7.4.4 By Distribution Channel
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Type
7.5.3 By Gender
7.5.4 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By Gender
7.6.4 By Distribution Channel
8. Key Player Analysis
8.1 Yiwu Conchen Glasses Co., Ltd.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Decathlon SA
8.3 Under Armour, Inc.
8.4 Titan Company Limited
8.5 Liberty Sports, Inc
8.6 Adidas AG (Adidas)
8.8 PUMA SE
8.9 Nike, Inc.
8.10 Taizhou Baiyu Eyewear Co., Ltd
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures