Global Luxury Sunglass Market Study Analysis: Non-polarized Luxury Sunglass segment will boost the growth of the market in the forecast period

The global Luxury Sunglass market size was valued at $4.2 Billion in 2020 and is expected to reach $6.5 Billion by 2030 growing at the CAGR of 5.7% from 2021 to 2028. Sunglasses are special lenses designed to protect eyes from the glare of the sun and high-energy visible light. Sometimes they function as a visual aid. Sunglasses have eye-colored and darkened lenses that protect the eyes from sunlight. There is a rising trend of wearing sunglasses among youngsters.

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Global Luxury Sunglass Market Drivers And Restrain:
The main contributors to the growth of the Luxury Sunglasses market are the availability of the latest designs, use of e-commerce, and increasing fashion trends.

Availability of Latest Designs:
The availability of a stellar range of options for the customers has given a boost to the growth of the global market. Latest designs of sunglasses promoted via televisions and social media platform by popular celebrity increases its demand. A wide range of pricing options attracts different consumers from every category. This factor when combined with spectacles increases its demand rapidly.
The market is hampered by the low quality of products and fake products.

Impact Of COVID-19 on the Luxury Sunglass Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Luxury Sunglass Market Segments:
The global Luxury Sunglass market is further segmented into product type, frame material, end-user, distribution channel, and geography.
By Product Type: Polarized and Non-polarized
By Frame Material: Acetate, Metal, Injected, and Others
By End-User: Male, Female, and Unisex
By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, and Other

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)

In 2020, North America held the largest market share. Owing to the high purchasing power of citizens.
Key Players of Global Luxury Sunglass Market:
• EssilorLuxottica SA
• Giorgio Armani S.p.A.
• Guccio Gucci S.p.A.
• Loch Effects
• LVMH Moët Hennessy Louis Vuitton
• Marcolin S.p.A.
• Prada S.p.A
• Randolph Engineering, Inc,
• Safilo Group SpA.
• Carl Zeiss AG

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Luxury Sunglass Market
• Value Chain Analysis of Global Luxury Sunglass Market
• What is the CAGR of the global Luxury Sunglass Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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