The Europe Sunglasses Market would witness market growth of 5.1% CAGR during the forecast period (2020-2026). Sunglasses are eye wears that are designed to give additional protection to eyes from bright sunlight.
It helps in preventing discomfort & damage to the eyes from high-energy visible light & harmful rays of sunlight. Based on types of sunglasses, the market is bifurcated into polarized and non-polarized sunglasses, which are made for end-users like men and women. By distribution channel, the market is divided into online retail stores and offline retail stores.
There is a rapid increase in the disposable income of people across the globe due to increasing urbanization & industrialization. Owing to this, customers are spending more on luxurious items or accessories like sunglasses. Moreover, the demand for sunglasses is rising owing to the shifting consumer preference towards using branded sunglasses. People are now heavily spending on luxurious & branded sunglasses in order to look fashionable. The increasing purchasing power of people will contribute to the rising demand for the sunglasses market during the forecast period. Sunglasses enhance the style statement of a person and make them look attractive & fashionable, and it also provides protection to eyes from harmful lights or sun rays.
The Germany market dominated the Europe Sunglasses Acetate Market by Country 2019, growing at a CAGR of 4.7 % during the forecast period. The UK market is exhibiting a CAGR of 5.1% during (2020 - 2026). Additionally, The France market is poised to grow at a CAGR of 6.6% during (2020 - 2026).
The Non-Polarized market dominated the Spain Sunglasses Market by Type 2019, thereby, achieving a market value of $184.9 million by 2026, growing at a CAGR of 5.9 % during the forecast period. The Polarized market is expected to witness a CAGR of 8.1% during (2020 - 2026).
Based on Distribution channel, the market is segmented into Specialty Stores, Supermarkets & Hypermarkets, Online and Others. Based on Frame Material, the market is segmented into Injected, Metal, Acetate and Others. Based on Type, the market is segmented into Non-Polarized and Polarized. Based on Design, the market is segmented into Round, Square, Cat Eye, Oval, Aviator, Rectangle, Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Sunglasses Market in Europe is expected to register a CAGR of 5.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Prada S.p.A., Adidas AG, LVMH SE, EssilorLuxottica SA (Essilor Instruments USA), Maui Jim, Inc., Safilo Group S.p.A., De Rigo Vision S.p.A., Specsavers Optical Group Ltd., Fielmann AG (Korva SE), and Marcolin Group.
By Distribution channel
By Frame Material
By Type
By Design
By Country
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