The Asia Pacific Sunglasses Market would witness market growth of 8% CAGR during the forecast period (2020-2026). With the rising disposable income, people are spending more on buying sunglasses with an aim to build a style statement for themselves.
The demand for sunglasses is increasing due to the shifting consumer preference towards using branded sunglasses. There are many customers who are heavily spending on luxurious & branded sunglasses in order to look fashionable. In addition, manufacturers are launching a wide range of sunglasses in different shapes, sizes, and colors to fulfil the changing fashion trends; this will further improve the growth of the market.
The increasing population of financial-independent women is boosting the demand for the product in the market, as they are widely adopting sunglasses in order to maintain their fashion sense. Some of the aspects that are contributing to the increasing demand for designer sunglasses are the celebrity endorsements and digital advertisements of the sunglasses. There are many leading manufacturers which are heavily investing in the marketing of their product for attracting more customers.
Sunglasses help in protecting eyes from harmful UV rays emitted by the sun. There are various colors & shades of sunglasses available in the market which offers eye protection. In addition, there are many manufacturers who are providing customized sunglasses with sight correction to improve customer comfort and increase their product sales. Sunglasses cover the eye and safeguard them from any dirt & dust and other flying particles that come across while driving. All these advantages would collectively surge the demand for sunglasses in the market during the forecast period.
The China market dominated the Asia Pacific Polarized Sunglasses Market by Country 2019, and would continue to be a dominant market till 2026. The Japan market is showcasing a CAGR of 8.5% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 9.8% during (2020 - 2026).
The Round market dominated the Malaysia Sunglasses Market by Design 2019, thereby, achieving a market value of $65.8 million by 2026. The Square market is estimated to grow at a CAGR of 11.1% during (2020 - 2026). The Cat Eye market is experiencing a CAGR of 11.9% during (2020 - 2026). Additionally, The Oval market is expected to witness a CAGR of 11.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Sunglasses Market in Asia Pacific is expected to register a CAGR of 8% 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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