Sports Goggles Market Overview 2023-2031: Forecast Market Size, Top Trends and Opportunities as Per the Business Research Company’s – US$ 13.2 Bn Global Market Report 2031

Posted on 2024-03-29 by Transparency Market Research in Advertising // 0 Comments

Wilmington, United States, 2024-Mar-01 — /EPR Network/ — Sports have become an integral part of modern lifestyles, promoting physical fitness, mental well-being, and community engagement. However, along with the increasing popularity of sports activities, there has been a rise in sports-related injuries, particularly concerning eye safety. In response to this growing concern, the global sports goggles market has witnessed significant growth, driven by heightened awareness of safety measures and technological advancements in protective eyewear.

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Key Players and Market Developments

Adidas AG, Bollé Brands, Decathlon SE, Giro Sport Design, Julbo, Luxottica Group SpA, Nike Inc., SCOTT Sports SA, Smith Optics, and Zeal Optics, Inc., are the prominent entities operating in this industry.

Market Overview:

The sports goggles market, valued at US$ 8.2 billion in 2022, is projected to expand at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2031, reaching US$ 13.2 billion by the end of the forecast period. This growth is attributed to several factors, including increased spending on sports equipment, a surge in outdoor sports participation, and the introduction of innovative products by manufacturers.

Market Dynamics:

Rise in Sports Participation: The growing popularity of national and international sports events, coupled with increased participation across different age groups, is fueling the demand for sports goggles. Participants are increasingly aware of the importance of protective eyewear in preventing eye injuries during sports activities.

Safety Concerns: With over 600,000 eye injuries associated with sports annually, safety has become a paramount concern, particularly among children. Despite the high prevalence of such injuries, a significant portion of young athletes do not wear protective eyewear. This trend underscores the need for proactive measures to promote eye safety in sports.

Regulatory Standards: Various regulatory agencies, including the International Organization for Standardization (ISO) and the American National Standards Institute (ANSI), have established standards for protective eyewear in sports. Compliance with these standards is crucial in ensuring the efficacy of sports goggles in mitigating the risk of eye injuries.

Preference for Polarized Goggles: The market is witnessing a preference for polarized sports goggles, which offer enhanced protection against glare and UV rays. These specialized lenses are particularly popular among outdoor sports enthusiasts and are tailored to meet the specific requirements of different sports activities.

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Regional Outlook:

Asia Pacific: The Asia Pacific region is poised to experience the highest growth rate in the sports goggles market, driven by increasing sports participation and a rising number of professional athletes. Countries such as India, China, and Australia are witnessing a surge in demand for sports eyewear.

North America and Europe: These regions are expected to witness steady growth, supported by government initiatives to promote outdoor sports and ensure safety standards in sporting activities.

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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