Industry Background:
Sunglasses are eyewear which is designed to help protect the eyes from excessive sunlight. Eyes are very light sensitive and can be easily damaged by overexposure to radiation in the visible and nonvisible spectra. Bright sunlight may be simply a distracting irritation, but extended exposure can cause headaches, soreness, or even permanent damage to the lens, retina, and cornea. Hence, protecting eyes, especially when cycling is therefore not something that you can decide to ignore. There are many types of lenses and are unbreakable and will not fog up like glass lenses do. The color of the lens plays an important role in absorbing light and neutral gray is a great all round color.This growth is primarily driven by Consumer Acceptance Towards Various Types of Cycling Sunglasses
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Oakley (United States), Nike (United States), Rudy Project (Italy), Tifosi Optics (United States), Shimano (Japan), Decathlon Group (France), Uvex Sports (Germany), POC (Sweden), Scott Sports (Switzerland) and Smith Optics (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2023, 100% launched its latest cycling sunglasses, the Speedtrap. The Speedtrap features a large lens for maximum protection from the sun and the elements, as well as 100%'s proprietary HiPer lens technology for enhanced clarity and color contrast.
In February 2023, Oakley launched its latest cycling sunglasses, the Kato. The Kato features a rimless design for maximum field of view, as well as Oakley's proprietary Prizm technology for enhanced contrast and color perception.The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, new product launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions worldwide to avail competitive advantage through combined synergies
Influencing Trend:
Introduction of Enhanced Protective Cycling Sunglasses
Market Growth Drivers:
Consumer Acceptance Towards Various Types of Cycling Sunglasses and Awareness About the Added Benefits Offered From Wearing Cycling Sunglasses
Challenges:
Low Quality Products Offered by Local Players
Restraints:
Low Penetration Rate for Cycling Sunglasses in Several Developing and Underdeveloped Countries
Opportunities:
Construction on Frames and Lightweight Designs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cycling Sunglasses Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cycling Sunglasses Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cycling Sunglasses players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cycling Sunglasses Study Sheds Light on
The Cycling Sunglasses Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cycling Sunglasses industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cycling Sunglasses industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.