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Allied Market Research

Cycling Sunglasses Market by Product Type (Anti-Fog, Water-Proof, Sunlight-Free, Polarized, Non-Polarized, and Others), End User (Men, Women, Kids, and Others), and Distribution Channel (Hypermarkets/supermarkets, Sports Shops, Specialty Stores, Online Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12049
Pages: NA
Sep 2021 | 121 Views
   
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Sunglasses for cyclists are used during races and training. Cycling lenses consist of polycarbonate lenses that protect the eyes from several potential eye disturbances, including a strain of the eyes, bulging eyes, twitching of the eyes, and cataract. Cycling sunglasses are very adaptable to different climate conditions as they boost clear view while biking. The sunglass adjusts throughout the monsoon, summer, and foggy weather. Similarly, the structure of these sunglasses varies from conventional sunglasses as they cover the eyes and avoid the entry of pollutants and sunlight from the sides. These advantages of sunglasses over ordinary glasses are in turn increasing its demand among the populace. In addition, consumer awareness in optical health is also increasingly strengthening the worldwide cycling market for sunglasses. With the advent of the COVID-19 pandemic, the demand for cyclist sunglasses has decreased due to restriction on outdoor cyclist events and activities.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Segments Covered

Product Type, End User, Distribution Channel, and Region

  Companies Covered

Adidas AG, Puma SE, Nike, Inc., Decathlon SA, Under Armour, Inc., Titan Company Limited, Liberty Sports, Inc., Safilo Group S.p.A., Oakley, Inc., and Shimano, Inc.

 

COVID-19 Impact Analysis

  • Countries had to enforce lockdown that restricted the consumers to move outdoors due to the outbreak of the COVID-19 pandemic. The demand for cyclist sunglasses also decreased due to the pandemic. The driving helmets market saw a dip in production as sufficient labors were not available to continue the production process. The sales procedure couldn't complete as there was the unavailability of stocks in stores and online retails.
  • Disruption in the distribution channel was a significant reason because the manufacturing sectors were unable to obtain the appropriate raw material. It was not feasible to transport final items to specific retailers. Consumers could not visit the specialist shops, whilst websites were not available online.

Top Impacting Factors

  • The growing population and increasing awareness about optical health are the major driving factor in the growth of the cyclist sunglasses market. The tendency of consumers to new styles and designs in sunglasses forces manufacturers to develop the sunglasses according to consumer's requirement.
  • The rise in sales of cycles, the gaining popularity of cyclist racing, and the growth of using cycles as the mode of transportation is increasing the sales of cyclist sunglasses. Cyclist sunglass companies are tying up with the cycle companies to increase their sale and promote their brands to reach more consumers.
  • The introduction of e-commerce is an opportunity for consumers to explore the desired products and buy according to their preference. That gives an option to be reviewed by the consumers that help direct the companies in identifying the exact market need. A positive/negative review can affect sales as consumers can also be aware of the best product available in the market.

Market Trends

New product launches to flourish the market

The manufacturing companies have to invest in R&D to develop sunglasses with new material that makes the eyewear sturdier and more reliable. The sunglass should take good care of the optics, given the rising risk of accidents all over the world. A new style of sunglasses will attract consumers with increasing popularity, may increase sales. Advanced adjustable lenses can replace conventional lenses as consumers are likely to opt for new technology with added benefits. Consumers prefer light-weighted sunglasses as they would feel free.

Consumer's shifting towards cycles as a mode of transport.

Many countries from around the world are shifting to cycles as a mode of transport to tackle air pollution and global warming. The governments are building new lanes for bicycles and areas for parking. The movement from the government is encouraging the consumer to move their interest from vehicles to cycles. The increase in the sale of bicycles is directly affecting the sales of cyclist sunglasses. Sunglasses are a vital kit for cyclists to ensure safety from unavoidable circumstances on the road. Manufacturing companies are developing sunglasses for different terrain conditions so that the riders don't have to face any problem.

Key Segments Covered

Product Type

  • Anti-Fog
  • Water-Proof
  • Sunlight-Free
  • Polarized
  • Non-Polarized
  • Others

End User

  • Men
  • Women
  • Kids
  • Others

Distribution Channel

  • Hypermarkets/supermarkets
  • Sports Shops
  • Specialty Stores
  • Online Retail
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the cycling sunglasses industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cycling sunglasses market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the cycling sunglasses market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed cycling sunglasses market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

  • Who are the leading market players active in the cycling sunglasses market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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