Market Insights report
The Sunglasses segment is projected to generate a revenue of US$24.55bn in 2023, with an annual growth rate of 4.86% (CAGR 2023-2027) worldwide.The United States is the leading country in terms of revenue, with US$5,036.00m expected in 2023.In 2023, per capita revenues of US$3.20 are anticipated to be generated in the Sunglasses segment, considering the total population figures.The volume of the Sunglasses segment is expected to reach 0.96bn pieces by 2027.This report from the series of segment reports gives an overview of the Sunglasses market from an international perspective.
What's included?
The segment Sunglasses contains framed, tinted lenses that reduce direct eye exposure to sunlight. The expected growth has several reasons: On the one hand, glasses are no longer worn just for vision correction, but have become a kind of fashion accessory. On the other hand, living standards are rising and people tend to own a combination of contact lenses and several glasses or frames to switch in order to comply with latest fashion. Moreover, as there is an increasing number of online shops, shopping for glasses has become quicker and more convenient. The Sunglasses segment is subject to a high worldwide demand and it is largely shaped by fashion trends. Consumers replace their sunglasses ever more frequently, which explains the strong growth rates.
Overview
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