The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s sunglasses market report forecasts the sunglasses market size to grow to $20.63 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The Sunglasses Market Report 2023 – https://www.thebusinessresearchcompany.com/report/sunglasses-global-market-report

Sunglasses Market Size Forecast
The global sunglasses market is expected to grow from $15.54 billion in 2022 to $16.47 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sunglasses market size is expected to grow to $20.63 billion in 2027 at a CAGR of 5.8%.

North America held the largest sunglasses market share and was the fastest-growing region in 2022.

Key Sunglasses Market Driver ­– Growth In Popularity Of Sunglasses As A Fashion Product
For instance, according to a report published by a nonprofit trade association for manufacturers and suppliers of the optical industry in the USA, The Vision Council in 2021, a whopping 85% of the world’s adult population reports wearing sunglasses, and they mostly use them for sun protection, and some use it as prescription sunglasses with corrective lenses. Therefore, the growing popularity of sunglasses as a fashion product is driving the growth of the sunglasses market.

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Key Sunglasses Market Trend – Developing Polarized Sunglass-Cum-Face Shield
A polarized sunglasses-cum-face shield is a type of sunglass with a full-face shield including a polarized lens. A polarized lens is a type of lens that filters out light. The polarized protective face shield is equipped with UV protection that covers the entire face from eyes to chin providing complete protection. This development attempts to set a new fashion trend after the COVID-19 pandemic. For instance, in October 2021, ZGHYBD, a Japanese company launched polarized sunglasses-cum-face shields made with polycarbonate (PC) and is equipped with UV protection. It covers the entire face from eyes to chin and comes with anti-fog, windproof, and dustproof properties.

Sunglasses Market Segment
1) By Type: Non-Polarized, Polarized
2) By Design: Aviator/Pilot, Rectangle, Round, Square, Oval, Cat Eye, Other Designs
3) By Frame Metal: Injected, Metal, Acetate, Other Frame Metals
4) By Distribution Channel: Specialty Stores, Supermarkets & Hypermarkets, Online, Other Distribution Channels

Sunglasses Market Major Players and Strategies
Major players in the sunglasses market are Fielmann AG, Marcolin S.p.A. (Marcolin Group), De Rigo Vision S.p.A., Stylrite Optical Industries, Eyevan Inc., Marchon Eyewear, EssilorLuxottica, Luxottica, Charmant, Randolph Engineering, Inc., Stylrite Optical Industries., Maui Jim, Inc., Revo, Xiamen Asa Sunglasses Co, Adidas AG, and Prada.

In July 2021, Kering Eyewear, an Italy-based manufactures of luxury eyewear acquired Lindberg for an undisclosed amount. As part of the acquisition, Lindberg will become part of Kering Eyewear and works under Kering Group. This acquisition enables the expansion of Kering Eyewear and perfectly fits with its development strategy with the addition of Lindberg’s portfolio and brand. Lindberg is a Danish-based family-owned eyewear brand that specializes in handmade titanium glasses.

The Sunglasses Global Market Report 2023 covers regional data on sunglasses market size, sunglasses market trends and drivers, opportunities, strategies, and sunglasses market competitor analysis. The countries covered in the sunglasses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Sunglasses are glasses with tinted or colored glasses which protect the eyes from sunlight. It helps to eliminate harmful effects on the eyelid, cornea, lens, and retina. Additionally, patients are advised to use sunglasses after some surgical procedures.

View More Reports Related To The Sunglasses Market –
Eyewear Global Market Report 2023
Smart Wearables Global Market Report 2023
Solar Control Glass Global Market Report 2023

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