The global sunglasses market size reached US$ 36.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
Sunglasses are protective eyewear used to prevent bright sunlight and high-energy light, which is damaging and discomforting for the eyes. They are manufactured using different lens materials like glass, plastic, and carbon fiber. They are commonly available in polarized and non-polarized variants with tinted and non-tinted lenses, which makes them suitable for everyday wear. Polarized lenses are crafted to filter out light and minimize brightness from reflective or vivid surfaces. On the other hand, non-polarized lenses assist in reducing the intensity of the light. At present, the emerging trend of gifting unique items, such as sunglasses, in innovative packaging formats is gaining traction across the globe.
The increasing usage of sunglasses for outdoor activities to prevent exposure to ultraviolet (UV) rays represents one of the major factors strengthening the market growth around the world. Expanding purchasing power and the rising preference for premium-quality sunglasses are also fueling the market growth. In addition, the growing participation in sports-related and recreational activities on account of the increasing health consciousness among people is driving the demand for sunglasses worldwide. Apart from this, product manufacturers are introducing novel variants that are incorporated with anti-glare, anti-fog, magnetic clip-ons, and customizable nose pads in sunglasses. They can also be personalized as spectacles using convex or concave lenses according to the eye power of the person, which is creating a positive outlook for the market. Furthermore, a considerable reliance on online tutorials, reviews, social media campaigns by influencers, and celebrity endorsements are increasing the overall sales of sunglasses and generating brand awareness among the masses. Besides this, the expanding number of brand stores and e-commerce websites offering unique sunglasses in various shapes and designs is providing lucrative growth opportunities to leading players operating in the industry.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sunglassesmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, design, frame material, lens material, distribution channel and end user.
Breakup by Type:
Breakup by Design:
Breakup by Frame Material:
Breakup by Lens Material:
Breakup by Distribution Channel:
Breakup by End User:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being De Rigo Vision S.p.A., EssilorLuxottica SA, Eugenia Eyewear Company Ltd., Fielmann AG, LVMH Moët Hennessy Louis Vuitton, Marchon Eyewear Inc. (Vision Service Plan), Marcolin SpA, Maui Jim Inc., Randolph Engineering, Inc., Safilo Group S.p.A., Specsavers Optical Group Ltd. and Titan Company Limited.
Base Year of the Analysis
Type, Design, Frame Material, Lens Material, Distribution Channel, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
De Rigo Vision S.p.A., EssilorLuxottica SA, Eugenia Eyewear Company Ltd., Fielmann AG, LVMH Moët Hennessy Louis Vuitton, Marchon Eyewear Inc. (Vision Service Plan), Marcolin SpA, Maui Jim Inc., Randolph Engineering, Inc., Safilo Group S.p.A., Specsavers Optical Group Ltd. and Titan Company Limited
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Key Questions Answered in This Report
The global sunglasses market was valued at US$ 36.4 Billion in 2022.
We expect the global sunglasses market to exhibit a CAGR of 5% during 2023-2028.
The emerging trend of gifting unique items, such as sunglasses, in innovative packaging formats, along with the introduction of novel product variants that are incorporated with anti-glare, anti-fog, and magnetic clip-ons, is primarily driving the global sunglasses market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of sunglasses.
Based on the type, the global sunglasses market can be categorized into non-polarized and polarized, where non-polarized currently holds the largest market share.
Based on the design, the global sunglasses market has been segmented into round, aviator/pilot, rectangle, square, oval, cat eye, and others. Among these, round exhibits a clear dominance in the market.
Based on the frame material, the global sunglasses market can be divided into injected, acetate, metal, and others. Currently, injected accounts for the majority of the global market share.
Based on the lens material, the global sunglasses market has been segregated into polycarbonate, CR-39, polyurethane, and others. Among these, polycarbonate currently exhibits clear dominance in the market.
Based on the distribution channel, the global sunglasses market can be bifurcated into offline and online. Currently, offline holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global sunglasses market include De Rigo Vision S.p.A., EssilorLuxottica SA, Eugenia Eyewear Company Ltd., Fielmann AG, LVMH Moët Hennessy Louis Vuitton, Marchon Eyewear Inc. (Vision Service Plan), Marcolin SpA, Maui Jim Inc., Randolph Engineering, Inc., Safilo Group S.p.A., Specsavers Optical Group Ltd., and Titan Company Limited.
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