Increase in the Number of Cyclists to Boost Growth of the Cycling Sunglasses Market

 

The global cycling sunglasses market is estimated to be valued at US$  million in and is expected to exhibit a CAGR of % over the forecast period (2022-2028), as highlighted in a new report published by Coherent Market Insights.

Cycling sunglasses are worn by cyclists during training sessions and racing events. They are made of polycarbonate lenses to protect eyes from various potential eye disorders such as eye twitching, bulging eyes, eye strain, and cataract, among others. Cycling Sunglasses are highly adapted to different climatic conditions, as the lenses can be changed during summer, monsoon, and foggy seasons to enhance vision while cycling. Moreover, these sunglasses help prevent the entry of sun rays and contaminants, as they pack the eyes properly from the sides. Thus, there is an increasing demand for cycling sunglasses, as they offer several advantages over conventional glasses, worldwide.

Increase in awareness among people about the health benefits of cycling is expected to propel growth of the cycling sunglasses market during the forecast period. For instance, According to a new study, individuals who travel by train, walk, or cycle to work are at lower risk of early death or disease compared with those who travel by car. The team from the University of Cambridge and Imperial College London suggests that catching a train, walking, or cycling to work helps reduce the risk of cardiovascular disease and cancer.

Major players operating in the global cycling sunglasses market are Kopin Corporation, Nike, Inc., Uvex Sports GmbH & Co., Under Armour, Inc., Topeak, Inc., Oakley, Inc., ASSOS of Switzerland GmbH, and Specialized Bicycle Components, Inc., among others.

Moreover, increase in popularity of cycling across the globe is expected to boost the growth of the cycling sunglasses market over the forecast period. For instance, cycling is one of the most popular alternative transport modes, and has grown in popularity. COVID-19 brought about a dramatic increase in bicycle sales in response to the pandemic. Some evidence suggests many people are turning to cycling as a resilient and reliable option to fill the gap. In Philadelphia (US), cycling has increased by more than 150% during the COVID-19 outbreak.

·       The cycling sunglasses market is expected to exhibit a CAGR of  % during the forecast period due to the increasing demand for cycling sunglasses across the globe. For instance, in October 2019, after the launch of its Shifter sunglasses last year (2018), Bollé introduced a new semi-rimless design derived from this model. The new Lightshifter seeks to pay tribute to five years of collaboration between Bollé and UCI World Tour team AG2R La Mondiale. The pro team has been the first to wear Bollé’s latest cycling sunglasses and wore them during this year’s Tour de France.

·       Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the cycling sunglasses market owing to the increasing popularity of cycling, rise in awareness among people about the health benefits of cycling, increase in the number of cyclists, favorable government initiatives, and introduction of novel products.

For instance, bicycle sales in the European Union came to about 22 million units in 2020, up from about 20 million units in 2019. Eurostat estimates that approximately 12.2 million bicycles were produced in the EU in 2020. The number of cyclists in the United States and Canada has also increased steadily for the past two decades.

Moreover, in 2020, the French government planned to introduce US$ 20 million scheme to get more people cycling - to cut pollution and keep people safe.