Industry Background:
The growing interest in sports, as well as increasing Disposable income, will help to Fuel global sports glass market. Sports glass also called as sports eyewear. It is a device containing plastic or glass lenses worn by athletes. Sports-related equipment has expanded significant popularity. The important feature is to protect the eyes from injury. Sport glass is protected eyes from insects, sunrays, dirt, and wind. Innovation in sports glass includes dark lens which are suitable for intense light and orange colored lenses suitable for diffused light, and for use during dawn, overcast skies, and at dusk. Clear lenses do not absorb any light and they offer a comprehensive shield against UV radiation, dust, wind, and insects.
This growth is primarily driven by Rising Popularity of Sports and Increasing Government Investment in Sports.
Globally, a noticeable market trend is evident High Adoption of Sports Specific Glasses
. The Consumer Goods sector in the North America 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 Luxottica Group SpA (Italy), Charmant USA Inc. (United States), Lindberg (Denmark), TAG Heuer S.A. (Switzerland), Dolce & Gabbana Luxembourg S.à.r.l. (Luxembourg), Prada Retail UK (United Kingdom), Seiko Group (Japan), Zenni Optical Inc. (United States), Nike Inc. (United States) and Safilo S.p.A. (Italy) 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:
On 22nd June 2018, Luxottica Group (MTA: LUX), a leader in the design, manufacture, and distribution of fashion, luxury and sports eyewear has acquired Barberini S.p.A., the world's leading optical glass sun lens manufacturer. The deal has established for approximately Euro 140 million.
Market Drivers
- Rising Popularity of Sports
- Increasing Government Investment in Sports
Market Trend
- High Adoption of Sports Specific Glasses
- Growing Popularity of Adjustable Inclination Glasses
Restraints
- Lack Of Firmness and Can Easily Fall Off and Get Damaged
Opportunities
Technological Innovation in Glasses Such As Changeable Lens Glasses and New Product Launch
Challenges
Availability of Substitutes Such As Invention of Contact Lenses
AMA Research follow 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 mostly 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include 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, Sports Glasses Study Sheds Light on
The Sports Glasses Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Sports Glasses industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sports Glasses industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.