Luxury Sunglass Market Worth USD 6.9 Billion 2021-2030 | Product Type, Application, Region, Top Manufacturers

According to a new report published by Allied Market Research, titled, "Luxury Sunglass Market by Product Type, Frame Material, End User and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global luxury sunglass market size was valued at $4.1 Billion in 2020, and is expected to garner $6.9 billion by 2030, registering a CAGR of 5.5% from 2021 to 2030.

Extended exposure to sunlight may cause cataracts, macular degeneration, cataracts, pterygium, and photokeratitis. Moreover, a bright shaft of sunlight hitting directly in the eyes is dangerous especially while driving. Sunglass is a single solution to the aforementioned problems.

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Prominent Market Players

The players operating in the global luxury sunglass market have adopted various developmental strategies to expand their market share and increase profitability in the market. The key players profiled in this report include Carl Zeiss AG, 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, and Safilo Group SpA.

Regional Outlook:

Region-wise, North America dominated the luxury sunglass market in 2020, and is expected to sustain its dominance during the luxury sunglass market forecast period. The key factors driving the growth of the sunglasses market in the region are high purchasing capacity of majority of the population, high demand for luxury and superior quality products, and consumer awareness regarding vision care.

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Non-polarized sunglasses reduce the overall intensity of the bright sunlight. A wide variety of non-polarized sunglasses is available depending upon the color of the lenses, design, & materials used in the frames and on-demand customization of the glasses. It is a popular choice of consumers across the globe due its wide range of varieties and easy availability in both offline and online channels.

Key findings of the study

By product type, the non-polarized segment held the highest market share, accounting for 66.7% of the global luxury sunglass market.
Based on frame material, the injected segment held the major market share of 36.7%.
Based on end user, the men segment held the major market share of 44.9%.
Based on distribution channel, the specialty stores segment held the major share of 39.2%.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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