Prescription Sunglasses Market Growth To Be Driven By Changing Fashion Trends Globally

Prescription sunglasses are used to provide protection to eye with corrective power. These sunglasses offer various attributes such as safety, improved performance, superior comfort, and aesthetic appeal. In addition, they prevent glare in intense sunlight and provide more protection as compared to regular eyeglasses. Prescription sunglasses are available in different brands such as Gucci, Ray-Ban, John Jacobs, Giorgio Armani, Fossil, etc. Additionally, a wide range of frame styles is available in prescription sunglasses including the pilot, retro square, round frame sunglasses, wraparound frame, and other styles along with different size and color. Unlike contact lenses and eyeglasses, they protect from harmful ultraviolet (UV) rays. Increasing popularity in various activities such as sky diving, ski, football, swimming, underwater diving, motocross and snowmobile in order to avoid the risk of eye injuries and infections.

Significant technology development, increasing health awareness about safety and protection of eyes among individuals, rising penetration of high strength eyeglasses, and growing population across the globe are factors propelling the demand for the prescription sunglasses market. In addition, rapidly changing fashion trends, coupled with increasing purchasing power has a positive impact on the global prescription sunglasses market. In addition, wearing prescription sunglasses during outdoor activities such as playing sports under blazing sun, riding bike or car, walking beach-side battling wind and sun to protect eyes and give utmost comfort has a positive impact on the global market. Furthermore, rising cases of vision deficiency and increasing adoption of e-commerce solutions are factors boosting demand for prescription sunglasses. However, the high cost of prescription sunglasses is a factor challenging growth of the target market.

Market.us (Prudour Research) predicts that the global prescription sunglasses market would expand at a stellar CAGR of 4.3% over the period between 2019 and 2028 and is projected to attain a valuation of US$ 7,623.0 mn by 2028. Also, analysts noted the market at a valuation of US$ 4,981.6 mn in 2018. By application, the market is divided into young adults, adults, mature adults, and seniors. Demand for prescription sunglasses among young adults is increasing due to trending fashion. Growing demand for larger sized sunglasses with unusual colors such as purple, blue, and green has a positive impact on the global market. By type, the market is divided into glass, plastic lenses- CR-39, solid material- polycarbonate, and polyurethane. Polycarbonate materials have high impact strength and are lightweight as compared to others. These materials have ability to absorb UV rays and provide high performance.

Based on regions, the market has been analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, individuals in the Asia Pacific are observed to be relatively more inclined towards prescription sunglasses, which in turn increase revenue growth opportunities for players operating this region. Availability of high-end brands and demand for prescription sunglasses product due to the manufacturing of CR-39 in countries such as China, India, and Japan is proliferating growth of Asia Pacific market. Presence of prominent players is a factor augmenting demand for prescription sunglasses in the Europe region.

Some of the key players profiled in the global prescription sunglasses market report include Luxottica Group, Safilo Group, Charmant, Marchon Eyewear, Fielmann, De Rigo, and Rodenstock.