Cycling Sunglasses Market

Cycling Sunglasses Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018-2026
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.
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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.
Premiumization offered by brands, owing to high cost of manufacturing these
sunglasses in turn, poses as a major factor hindering growth of the cycling
sunglasses market.
Market Outlook
Europe holds the largest market for cycling sunglasses, owing to high number of
cyclists in the region. According to Coherent Market Insights, 19.6 million bicycles
were sold across Europe in 2016. Rising awareness about eye disorders amongst
the populace is fueling growth of the cycling sunglasses market in the region.
In Belgium, cycling is the basic mode of transport and preferred by most citizens. As
the climate in the country is extremely cold, cyclists prefer using anti-fog cycling
sunglasses for a clear vision. Furthermore, according to Coherent Market Insights,
Belgium plans to build 15 new cycling routes by 2025. This in turn, is expected to
increase the number of cyclists in the region. Thus, boosting the demand for cycling
wear and in turn, driving growth of the global cycling sunglasses market.
Likewise, Italy is the fastest growing market for cycling sunglasses owing to the
cycling race competitions held in the region, for instance The Granfondo MILAN -
SAN REMO cicloturistica which attracts a lot of potential cyclists to participate in it
every year owing to which the cycling wear and cycling sunglasses are purchased in
abundance. Hence, increasing adoption of cycling and participation of the citizens in
racing competitions in the country is boosting the growth of the global cycling
sunglasses market.
Key Players
Key players operating in the global cycling sunglasses market include Oakley, Inc.,
Topeak, Inc., Under Armour, Inc., Uvex Sports GmbH & Co., Nike, Inc., Specialized
Bicycle Components, Inc., ASSOS of Switzerland GmbH, and Kopin Corporation.
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