The global sports eyewear market size is expected to reach
USD 11.40 billion by 2025 registering a CAGR of 4.4%, according to a new report
by Grand View Research, Inc. Rising demand for lightweight goggles or
sunglasses with dynamic designs is expected to be a key growth-driving factor
for the market. The market is also driven by the shifting customer preferences
owing to increasing awareness about safety during sports and physical
activities. Customer acceptance for several types of safety, as well as
fashionable, eyewear is fueling the demand further.
In addition, rising awareness about the
benefits of using sports eyewear during outdoor sports, physical activities is
likely to contribute to the demand. Europe was the largest regional market in
2018 and accounted for a global share of 34.8%. Asia Pacific is expected to be
the fastest-growing regional market with a CAGR of 5.4% from 2019 to 2025.
Major companies are entering the lucrative markets of APAC region, such as
India and China, to gain competitive edge and increase product penetration. For
instance, in March 2019, Under Armour, Inc. opened retail outlet in India.
According to the company, the country has huge growth potential owing to
shifting focus of customers on health and wellness.
For full research report on Sports
Eyewear Market visit here: https://www.grandviewresearch.com/industry-analysis/sports-eyewear-market
Further key
findings from the study suggest:
- In terms of revenue, ski sports is projected
to be the fastest-growing application segment at a CAGR of 4.9% from 2019
to 2025
- Offline distribution channel segment led the
global sports eyewear market in 2018 and accounted for a volume share of
63.52%
- Europe was the dominant regional market in
2018 and is likely to maintain its position throughout the forecast period
- This growth is attributed to the rising
awareness about health and wellness in countries including Germany, U.K.,
and France, which is promoting the spending on adventure sports including
water sports and trekking
- Key companies in the market include Luxotica
Group SpA; Nike, Inc.; Adidas AG; Xenith, LLC.; Carl Zeiss AG; Marchon
Eyewear, Inc.; MYKITA GmbH; Under Armour, Inc.; First Rank Co. Ltd.; Zoggs
International Ltd.; Aqua Lung International; and Speedo International
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/sports-eyewear-market/request/rs1
Grand
View Research has segmented the global sports eyewear market on the basis of
application, distribution channel, and region:
Sports
Eyewear Application Outlook (Revenue, USD Million, 2015 - 2025)
- Outdoor Sporting
& Traveling
- Water Sports
- Ski Sports
- Others
Sports
Eyewear Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Offline
- Online
Sports
Eyewear Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Asia Pacific
- China
- Australia
- India
- Central & South
America
- Brazil
- Middle East &
Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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