CYCLING SUNGLASSES MARKET ANALYSIS

Cycling Sunglasses MarketSize and Trends

Market Dynamics

Rising prevalence of eye disorders caused due to cycling is driving growth of the global cycling sunglasses market. By 2050, an estimated 7.32 million people in the United States will have Primary Open-Angle Glaucoma (POAG), according to U.S. government statistics.

According to National Eye Institute, 90% of sports-related eye injuries can be avoided with the use of protective eyewear, including safety glasses and goggles, safety shields, and eye guards designed for a particular sport.  The adoption of these sunglasses is increasing so as to prevent exposure to UV rays, dust, and contaminants present in the air. According to Coherent Market Insights, the revenue in the sunglasses segment in Europe amounts to US$13,994 million in 2018 and is expected to increase to 254.69 million during the forecast period. The sunglass sector is thus offering lenses with 99 to 100 % UV rays blockage and shield or wraparound designs to block most of the UV rays.

According to Coherent Market Insights, the global sunglasses market is expected to exhibit a CAGR of 6.3% during the forecast period, majorly due to technological advancements. For instance, Oakley, Inc. improvised its cycling sunglass lenses by increasing its field of vision and enhancing wrap-around curvature, while keeping the weight down to a 22 g. This helps to completely cover the eye and the area around it, thereby preventing exposure to UV rays and other environmental contaminants.

Market Trends

Cycling sunglasses are majorly worn by cyclists during races and training sessions. Cycling sunglasses are made up of polycarbonate lenses, which helps protect the eyes from various potential eye disorders such as eye strain, bulging eyes, eye twitching, and cataract. Cycling sunglasses are highly adaptable to various climatic conditions, as the lens can be changed during monsoon, summer, and foggy weather to enhance clear vision while cycling. Likewise, these sunglasses vary in structure from normal sunglasses, as these pack the eyes properly and help prevent the entry of environmental contaminants and sun rays from the sides. These advantages of sunglasses over conventional glasses, is in turn increasing its demand among the populace. Furthermore, increasing awareness of consumers regarding optical health, is in turn, boosting growth of the global cycling sunglasses market.