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Protective Sunglasses Market is expected to reach US$ 31.1 billion by the end of 2032, expanding at a CAGR of 4.9% over the next ten years

04-13-2023 09:25 AM CET | Fashion, Lifestyle, Trends

Press release from: Persistence Market Research

Protective Sunglasses Market

Protective Sunglasses Market

The Protective Sunglasses Market has seen a significant increase in demand in recent years due to a growing awareness of the harmful effects of UV rays on eye health. Protective sunglasses are designed to protect the eyes from harmful UV radiation, which can cause various eye diseases, including cataracts and macular degeneration.

The market for protective sunglasses is driven by a growing number of people engaging in outdoor activities, including sports, recreation, and travel. Additionally, the rise in the number of individuals exposed to blue light from digital devices has further increased the need for protective eyewear.

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The Global Protective Sunglasses Market recorded a valuation of US$ 18.4 billion in 2021 and is expected to reach US$ 31.1 billion by the end of 2032, expanding at a CAGR of 4.9% over the next ten years. The report also highlights that the polarized segment is expected to witness significant growth during the forecast period due to increased demand for clear vision and reduced glare.

The market is segmented based on lens type, frame material, application, and distribution channel. By lens type, the market is divided into polarized and non-polarized lenses. Polarized lenses are expected to dominate the market due to their ability to reduce glare and improve clarity. By frame material, the market is segmented into metal, plastic, and others. Plastic frames are expected to witness significant growth due to their lightweight and durable nature.

By application, the market is segmented into sports, fashion, and medical. The sports segment is expected to dominate the market due to the increasing number of individuals engaging in outdoor sports activities. Additionally, the medical segment is expected to witness significant growth due to the rising incidence of eye diseases caused by exposure to UV radiation.

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The market is also segmented by distribution channel into offline and online channels. The offline segment is expected to dominate the market due to the high preference for physical examination of the product before purchase. However, the online segment is expected to witness significant growth due to the increasing trend of online shopping.

Leading manufacturers are:
• Titan Eye+
• EssilorLuxottica SA
• SAFILO GROUP S.p.A.
• Fielmann AG
• Marcolin S.p.A. (Marcolin Group)
• De Rigo
• Randolph Engineering, Inc.
• Stylrite Optical Industries
• Eyevan Inc.
• Wenzhou Eugenia Eyewear Co., Ltd.(Eugenia Eyewear)
• Revo Holdings, LLC
• MAUI JIM INC.
• VSP Global
• FASTRACK LTD
• Specsavers
• Alexander McQueen
• Pivothead
• Oakley, Inc
• Polaroid
• Lenskart

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In conclusion, the protective sunglasses market is expected to witness significant growth due to the rising awareness of the harmful effects of UV radiation on eye health. The market is driven by various factors such as the increasing number of people engaging in outdoor activities, the rising incidence of eye diseases caused by UV radiation, and the growing trend of online shopping. With technological advancements, there is a growing demand for protective sunglasses with enhanced features, which is expected to further drive the growth of the market.

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About Persistence Market Research:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

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