Global Polarized Sunglasses Market is segmented By Material (Polycarbonate, CR-39/ADC, Polyurethane and Others), Gender (Men, Women and Unisex), Application (Vehicle Driving, Fishing and Boating, Outdoor Sporting and Travelling and Others), and By Geography.
The Polarized Sunglasses Market is expected to grow a market size value of USD xx million at a CAGR of 7.86% during the forecast period of 2021-2028.
Polarized Glasses provide glare blockage that is likely to reflect off of certain surfaces, but the most common function of the polarized glasses is not far different from a regular sunglasses which is to provide protection to your eyes from the harmful effects of UV light and radiations. Polarized sunglasses however are specialized and modified glasses compared to the regular one since polarized glasses have the ability to filter and reduce glare reflection as well as to create light opening. This purports that polarized sunglasses can block horizontal sun rays and allow the vertical rays to enter through the opening. The significance of glare reflection reduction is that, the distortion of the object’s original color will be lessened and users will not have a difficulty identifying and distinguishing them. This is why consumers prefer polarized sunglasses over the ordinary glasses because such is highly recommended especially when the user is at a high risk of being exposed under the sun for a long time or might affect the eye through high exposure while doing outdoor activities like fishing and driving among others.
Polarized Sunglasses market experienced a significant growth due to factors such as, growing availability of polarized sunglasses in the market, wide array of varieties, shapes and sizes, increasing demand for eyewear that can provide glare reflection reduction, increasing awareness on the harmful effects of UV rays to the eyes as well as high exposure to the sun rays, and growing awareness on maintaining healthy eyes.
Adversely, there are factors that may hamper the growth of the polarized sunglasses market. These are, polarized sunglasses relatively costs more than the regular sunglasses and polarized sunglasses will make it difficult for users to see LCD screens.
COVID-19 Impact on the Polarized Sunglasses Market
The challenge lies in the disruption in raw materials supply because it is negatively affecting manufacturers since travel, transport of raw materials, and non-essential trade have been put off in many countries. This in turn affected production, causing a fewer volume of product sales. Polarized Sunglasses suppliers have also experienced backlash because imports and exports in almost all countries have been restricted, if not limited. Availability of labor became a problem too since shutdowns of facilities and operations halted the production of raw materials for equipment used in the Polarized Sunglasses.
Controlling the widespread of the virus is a great challenge to almost all of the countries because many sectors will have to compromise and deal with the negative impact on their sales. Many industries will have to adapt and adopt to the changes that will be imposed upon them by their governments. A massive setback on the growth of the Polarized Sunglasses market is the disruption of the supply chain since manufacturing and distribution by key players or companies are being limited, if not, controlled by governments by imposing lock downs and halting travels across borders. The pandemic caused limitations when it comes to man power and rendering of labor services because social distancing is mandatory and viral transmission should be prevented. Man power is an essential factor in the propelling of the market’s growth because manufacturing facilities, and conducting the actual trials and tests for Polarized Sunglasses cannot function when there’s limited people resources.
Factory shutdowns are also one of the main reasons for restraint in the growth of the market because the stoppage of production and manufacturing caused turmoil in terms of return of investments made by key players. The effect of the virus outbreak has caused a slow down in the investments made in the Polarized Sunglasses market. Ultimately, consumers were not able to go outside to do leisurely and outdoor activities due to the avoidance of viral transmission as well as stringent health protocols; these instances also hampered the growth of the market.
Key Findings in the Polarized Sunglasses Market
The market is further segmented based on material, gender, application and region. In terms of material, it is segmented into, polycarbonate, CR-39/ADC, polyurethane and others. In terms of gender, the market is segmented into men, women and unisex; in terms of application, it is then segmented into vehicle driving, fishing and boating, outdoor sporting and travelling and others.
Regional Market Analysis
In terms of regional segmentation, North America leads the polarized sunglasses market. Such growth is owing to factors such as, growing awareness on the harmful effects of UV rays to the eyes, increasing emergence of eye sight disorders, growing fashion trends on using polarized sunglasses, and presence of major key players in said region.
Based on an extensive assessment, these major key players in the Polarized Sunglasses Market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies are, Luxottica group, Oakley, Inc., MAUI JIM, INC., PRADA, Gucci, Gianni Versace S.r.l., Giorgio Armani S.p.A., Bulgari S.p.A., Bottega Veneta S.r.l., Burberry Limited, DOLCE&GABBANA, FENDI, Bolon AB, POLAROID EYEWEAR, Goocambodia., PROSUN, Bolon Eyewear., Xiaomi, LUXOTTICA GROUP, Ray-Ban, Maui Jim, Persol, Louis Vuitton and PARIM.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• CR-39 Polarized Sunglasses
• Polycarbonate Polarized Sunglasses
• Polyurethane Polarized Sunglasses
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Vehicle Driving
• Outdoor Sporting and Traveling
• Fishing and Boating
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Polarized Sunglasses Industry Research Report
• Europe Polarized Sunglasses Industry Research Report
• Asia Pacific Polarized Sunglasses Industry Research Report
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