North America Sunglasses Market By Distribution channel (Specialty Stores, Supermarkets & Hypermarkets, Online and Others), By Frame Material (Injected, Metal, Acetate and Others), By Type (Non-Polarized and Polarized), By Design (Round, Square, Cat Eye, Oval, Aviator, Rectangle, Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2020 - 2026
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Get in-depth analysis of the COVID-19 impact on the North America Sunglasses Market
The North America Sunglasses Market would witness market growth of 4.7% CAGR during the forecast period (2020-2026). To create brand and product awareness among people, several manufacturers are using digital mediums to take advantage of unexplored markets. For example, many companies are providing a virtual mirror to help customers try out their selected sunglasses by capturing a person’s image. Additionally, some companies are also offering an option of doorstep delivery for home trails, which attracts more customers to the brand.
The high customer adoption of sunglasses is majorly due to celebrity endorsement. Thus, major manufacturers are collaborating with famous celebrities around the world to induce the promotion of their product and brand in various regions. It will further help in increasing the demand for the product over the forecast years.
Eye care professional does not prescribe those sunglasses to the patients which do not contain Rx lenses. Moreover, there could be a harmful effect of these sunglasses on a person’s sight, which may hamper the growth of the market. Furthermore, the high selling prices of sunglasses will also restrict the growth of the sunglasses market in the next few years.
The US market dominated the North America Sunglasses Supermarkets & Hypermarkets Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 6.4% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 5.5% during (2020 - 2026).
The Injected market dominated the Canada Sunglasses Market by Frame Material 2019, thereby, achieving a market value of $528.1 million by 2026. The Metal market is exhibiting a CAGR of 7.6% during (2020 - 2026). Additionally, The Acetate market is estimated to grow at a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
By Distribution channel
- Specialty Stores
- Supermarkets & Hypermarkets
By Frame Material
- Cat Eye
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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)
- Marcolin Group
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