Sport Sunglasses Market Scope And Analysis

Report Code : TIPRE00022862
Category : Consumer Goods

Status : Published
No. of Pages : 149

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Sports Sunglasses Market Scope, Growth, Size and Share by 2030

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Sports Sunglasses Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 5.6 Billion
Market Size by 2030	US$ 8.12 Billion
Global CAGR (2022 - 2030)	4.8%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Type Polarized and Non-Polarized By Category Men Women Unisex Kids By Distribution Channel Supermarkets & Hypermarkets Specialty Stores Online Retail
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Decathlon Adidas AG Luxottica Group Liberty Sport Nike Inc Puma SE Safilo Group Spa Under Armour Inc Columbia Sportswear Company

COVID-19 Pandemic Impact:

The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the consumer goods industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies reported delays in product deliveries and a slump in their product sales in 2020. Also, in the early period of the crisis, manufacturers were majorly dependent on the existing inventory. Due to the pandemic-induced economic recession, consumers became more cautious and selective in purchasing decisions. They significantly limited nonessential purchases due to lower incomes and uncertain earning prospects, especially in developing regions.

By the end of 2021, many countries were fully vaccinated, and governments announced relaxations in certain regulations, including lockdowns and travel bans. Changing lifestyle trends post-pandemic such as increasing emphasis on comfort, convenience, and personalization influenced the demand for sports sunglasses. The growth of online retail during the pandemic also provided opportunities for sports sunglasses manufacturers. Along with this, the relaxation of trade restrictions aided in import and export operations, positively impacting the sports sunglasses market growth.

Competitive Landscape and Key Companies:

Columbia Sportswear Co, EssilorLuxottica SA, Liberty Sport Inc, Under Armour Inc, Nike Inc, Rapha Racing Ltd, Puma SE, Decathlon SE, Adidas AG, and Safilo Group SpA are among the prominent players operating in the global sports sunglasses market. These market players adopt strategic development initiatives to expand, further driving the market growth.