Global Sports Eyewear Market Expected to Reach USD 11.40 billion by 2025
18-jun-19 The global sports eyewear market registering a CAGR of 4.4%, according to a new report. 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.
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
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/sports-eyewear-market/request-sample
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Sports Eyewear Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
If you have any special requirements, please let us know and we will offer you the report as you want.
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.
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
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/sports-eyewear-market/request-sample
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Sports Eyewear Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
If you have any special requirements, please let us know and we will offer you the report as you want.
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