Demand for Sunglasses to Grow as Living Standards Rise Worldwide


Analyst expects annual growth of 6 percent.

The global sunglasses market is poised for significant growth over the next few years, according to a new report. The compound annual growth rate during the 2016-20 period is expected to be 6 percent, says Technavio, a London-based technology research and advisory firm. The company attributes the growing demand for sunglasses to “the development of innovative and effective products and designs as well as the enhanced living standards of consumers worldwide.” The Americas held a 42 percent share of the global market in 2015, and in 2020, that figure is expected to be 41 percent.

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