Market Snapshot:
Sports eyewear are made to offer a wide range of advantages which includes focus, robustness, clarity, maximum vision. These eyewear’s contains frames and are made with lightweight designs. It is also designed in order to fit comfortably and securely when an individual is engaged in physical activities, and provides proper eye protection. Sports performance is high enhanced by the application of sports vision in order to achieve this, optimum eye protection is highly required. Further, increasing frequency of sports activities and sports enthusiasts coupled with innovation in sports eyewear is fostering the market growth.
Segment Analysis
AMA Research have segmented the market of Global Sports Eyewear market by Type, Application and Region. On the basis of Type, Outdoor Sporting & Traveling are dominating the market in the year 2020
On the basis of geography, the market of Sports Eyewear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2020. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Growing Popularity of Sports Leagues Organized by Sports Federations and Increasing Safety Awareness during Outdoor Sporting & Traveling
Market Drivers
Increasing Consumer Base for Water Sports Activities, Surge in Demand for Recreational Clothing & Equipment and Rising Consumer Awareness Regarding Benefits of Sports Eyewear such as Focus, clarity, Robustness, Maximum Vision and Focus
Opportunities
Establishment of R&D Centers Coupled With Strategic Partnerships with Investment Companies to Launch Innovative Technologies
Restraints
- Low Penetration Rate of Sports Eyewear in Underdeveloped Countries
In addition to the aforementioned factor, Increasing Consumer Base for Water Sports Activities
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The Global Sports eyewear market is fragmented with regional and international players worldwide. These players focus to leverage opportunities posed by emerging markets to expand their product portfolio and can cater to the requirements for various sports, especially for aerial and snowboarding sports. The companies manufacturing sports eyewear in the United States are enhancing their brand visibility, by hiring popular sportspersons to endorse their brands.
The key Vendors profiled in the study are Luxottica Group SpA (Italy), Nike, Inc. (United States), Adidas AG (Germany), Xenith, LLC (United States), Carl Zeiss AG (Germany), Marchon Eyewear, Inc. (United States), MYKITA GmbH (Germany), Under Armour, Inc. (United States), Zoggs International Ltd. (United Kingdom) and Aqua Lung International (France). A lot of United States players are profiled in the research study indicating a strong market dependence.