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The Sunglasses Market estimated size and share is projected to exceed USD 63.68 billion by 2034, with a forecasted CAGR of 6.6% during the period.
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The Report Covers Global Sunglasses Market Segmentation & Industry Statistics and It is Segmented by Product Type (Polarized and Non-Polarized); End-User (Men, Women, and Unisex); Distribution Channel (Offline Retail Stores and Online Retail Stores); and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.
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The sunglasses market is estimated to be valued at US$ 32,171.4 million in 2024. The value of the market was US$ 30,236.3 million in 2023. The progress of the market is expected to be at a CAGR of 6.0% from 2024 to 2034. The sunglasses market is expected to reach US$ 57,614.1 million by 2034.
Attributes | Details |
---|---|
Sunglasses Market Value for 2024 | US$ 32,171.4 million |
Projected Market Value for 2034 | US$ 57,614.1 million |
Value-based CAGR, 2024 to 2034 | 6.0% |
Historical Analysis of the Sunglasses Market
Market Valuation (2019) | US$ 24,500.0 million |
---|---|
Historical CAGR (2019 to 2023) | 5.4% |
Historical Market Valuation (2023) | US$ 30,236.3 million |
Category-wise Outlook
Attributes | Details |
---|---|
Top Product Type | Polarized |
Market Share in 2024 | 32.4% |
Attributes | Details |
---|---|
Top Distribution Channel | Specialty Stores |
Market Share in 2024 | 22.6% |
Country-wise Analysis
Countries | CAGR (2024 to 2034) |
---|---|
United States | 3.3% |
Australia | 5.4% |
Germany | 5.1% |
India | 8.7% |
China | 8.1% |
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The eyewear market is set to grow from USD 188.47 billion in 2025 to USD 324.5 billion by 2035 is set to witness 5.58% CAGR during the forecast period.
Metrics | Values |
---|---|
Industry Size (2025E) | USD 188.47 billion |
Industry Value (2035F) | USD 324.5 billion |
CAGR (2025 to 2035) | 5.58% |
Per Capita Spending by Top Countries
Countries | Estimated Per Capita Spending (USD) |
---|---|
USA | 245.30 |
China | 190.40 |
India | 65.70 |
Germany | 215.60 |
UK | 198.50 |
Country-wise Outlook
Countries | CAGR (2025 to 2035) |
---|---|
USA | 5.6% |
UK | 5.2% |
Germany | 5.8% |
India | 6.7% |
China | 7% |
Competitive Landscape
Company Name | Estimated Share (%) |
---|---|
EssilorLuxottica | 15-20% |
Johnson & Johnson Vision Care | 10-15% |
Bausch & Lomb Incorporated | 8-12% |
Carl Zeiss AG | 6-10% |
Hoya Corporation | 5-8% |
Other Companies (combined) | 40-50% |
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The Sports Eyewear Market is segmented by type (Polarized and Non-Polarized), by Category (Men's Sports Sunglasses, Women's Sports Sunglasses, and Unisex Sports Sunglasses); by Distribution Channel (Offline Retail Channel and Online Retail Channel); by Geography (North America, Europe, Asia Pacific, South America, and Middle East and Africa). The market size and values in (USD million) during the forecasted years for the above segments.
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Global Sunglasses Market to hit USD 23.83B by 2029 growing at 5.7% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.
Sports Sunglasses Market Size 2024-2028
The sports sunglasses market size is forecast to increase by USD 1.82 billion at a CAGR of 8.09% between 2023 and 2028.
The market is experiencing significant growth due to several key factors. The increasing popularity of sunglasses among the young and middle-aged population, driven by fashion trends and the desire for protection from the sun, is a major growth driver. Additionally, the rising participation in sports and adoption of healthy lifestyle trends have boosted the demand for sports sunglasses. However, the market faces challenges from the increasing availability of substitute products, including prescription glasses and regular sunglasses, which offer similar benefits at lower prices. Despite this, the market is expected to continue growing due to the unique features and benefits that these specialized eyewear provide, such as enhanced performance, protection, and style.
What will be the Size of the Sports Sunglasses Market During the Forecast Period?
Request Free SampleThe market is experiencing robust growth due to the increasing popularity of physical fitness and adventure experiences. This market caters to diverse consumer segments, including fitness enthusiasts, professional players, and recreational activity participants. The demand for sunglasses with polarized and non-polarized lenses continues to rise, driven by the need for enhanced visual clarity and UV protection. Strategic activities, such as sponsorships and collaborations with outdoor brands and eyewear fashion houses, are also fueling market expansion. Lightweight materials, like polycarbonate, and advanced features, such as shatter-resistant, scratch-resistant, and hydrophobic coatings, are gaining traction among consumers. Gender segmentation is another key trend, with specialized designs catering to the unique needs of male and female consumers.Online sales channels are increasingly popular, offering convenience and competitive pricing. Specialty stores continue to hold a significant market share, providing personalized service and expert advice. Sports participation in various domains, including swimming, tennis, badminton, running, and cricket, is driving demand for sports sunglasses. Innovation in eyewear technology, such as POC Sports' advanced lens technology, is further propelling market growth. Limited edition collaborations and collaborations with professional players add an element of exclusivity and desirability to the market.
How is this Sports Sunglasses Industry segmented and which is the largest segment?
The sports sunglasses industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TypePolarizedNon-polarizedDistribution ChannelOfflineOnlineGeographyEuropeGermanyItalyAPACChinaNorth AmericaCanadaUSSouth AmericaMiddle East and Africa
By Type Insights
The polarized segment is estimated to witness significant growth during the forecast period.
Sunglasses equipped with polarized or non-polarized lenses cater to various consumer needs, enhancing visual comfort and safety in sunlit environments. Polarized lenses, in particular, reduce glare and eyestrain by selectively filtering out horizontal light waves, ensuring clearer and safer vision. These glasses are essential for individuals engaging in outdoor activities, such as sports participation, adventure experiences, or recreational activities, where glare can hinder performance or pose potential hazards. Gender segmentation exists within this market, with men's and women's sunglasses designed to cater to specific preferences. Specialty stores and online sales channels offer a wide range of options, including sunglasses from renowned brands like Christopher Cloos, Eyewear Fashion, Outdoor Brands, and POC Sports.Strategic activities, such as sponsorships and brand endorsements, contribute to the market's growth. Eyewear innovation continues to evolve, with features like UV protection, lightweight materials, shatter-resistant, scratch-resistant, hydrophobic coatings, and photochromic lenses becoming increasingly popular. This trend aligns with the growing health consciousness and active lifestyle preferences among consumers. Competitive insights reveal that EssilorLuxottica, Bugaboo Eyewear, and other key players are investing in product innovation and high-quality eyewear to cater to diverse consumer needs. The market for sports sunglasses is expected to grow as people increasingly prioritize eyesight protection and embrace the sports culture.
Get a glance at the Sports Sunglasses Industry report of share of various segments Request Free Sample
The Polarized segment was valued at USD 1.98 billion in 2018 and showed a gradual increase during the forecast period.
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In 2024, after three years of growth, there was significant decline in the Singaporean sunglasses market, when its value decreased by -9.6% to $57M. In general, consumption, however, showed a relatively flat trend pattern. Sunglasses consumption peaked at $63M in 2023, and then contracted in the following year.
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According to Cognitive Market Research, The global luxury sunglass market size is USD 4.9 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030
The demand for luxury sunglass market is rising due to increase in the e-commerce and online retail stores.
Demand for injected frame remains higher in the luxury sunglasses market.
The women category held the highest luxury sunglass market revenue share in 2023.
European luxury sunglass products will continue to lead, whereas the North American luxury sunglass market will experience the most substantial growth until 2030.
Increase in Demand for Fashionable Luxury Sunglasses to Boost Market Expansion
The surge in demand for fashionable luxury sunglasses reflects a societal shift toward personal style and status symbolization. The luxury sunglasses market has witnessed robust growth as consumers increasingly prioritize high-end eyewear as a statement of affluence and fashion. Iconic brands, innovative designs, and premium materials contribute to this trend, as consumers seek U.V. protection and a stylish accessory that enhances their overall aesthetic, driving the expansion of the luxury sunglasses market.
For instance, in October 2021, Z.G.H.Y.B.D., a Japanese company, introduced a unique range of sunglasses that covered the entire face. The company has launched these polarized sunglasses/face shields to set a new fashion trend. These polycarbonate sunglasses come with anti-fog, windproof, and dustproof properties.
Growing Number of E-Commerce and Online Retail Stores to Propel Market Growth
The surge in e-commerce websites has significantly impacted the luxury sunglasses market, providing consumers convenient access to a wide array of premium eyewear brands. Online platforms offer a diverse selection, easy comparison, and seamless transactions, attracting discerning customers seeking exclusive styles. This digital shift has broadened the reach of luxury sunglasses, fostering global exposure and heightened competition. Brands now focus on online marketing and e-commerce strategies to capitalize on the growing trend, reshaping the dynamics of the luxury eyewear market.
For instance, in August 2021, Safilo announced the launch of us.carreraworld.com, a new United States e-commerce platform for its core sunglass brand Carrera. The site is dedicated exclusively to sunglasses.
Rising Disposable Income
Market Dynamics of Luxury Sunglass
Competition from Non-Luxury Brands to Restrict Market Growth
The luxury sunglasses market faces intense competition from non-luxury brands, presenting a significant restraint. Non-luxury brands often offer similar styles and functionality at more affordable prices, attracting a broader consumer base. This competition pressures luxury brands to justify premium pricing through unique designs and superior quality. The challenge lies in maintaining exclusivity and perceived value while addressing affordability, requiring strategic marketing and innovation to sustain market share in the face of non-luxury alternatives. The burgeoning competition from non-luxury brands poses a significant restraint on the market growth of luxury sunglasses. These accessible brands increasingly offer trendy, well-crafted eyewear with competitive quality at more affordable prices, enticing consumers away from high-end options.
Impact of COVID–19 on the Luxury Sunglass Market
The COVID-19 pandemic significantly impacted the luxury sunglass market in several ways. Lockdowns, travel restrictions, and economic uncertainties decreased consumer spending, especially on non-essential items like luxury eyewear. Physical retail closures, crucial for luxury sunglasses' sales and brand experience, also posed challenges. Supply chain disruptions affected manufacturing and distribution, leading to delayed launches and product availability issues. Introduction of Luxury Sunglass
Luxury sunglasses refers to high-end eyewear crafted from premium materials, often designed by prestigious fashion brands. These sunglasses feature stylish designs and associated with a certain level of exclusivity and brand prestige. Key players in the luxury sunglasses market employ diverse strategies to maintain a competitive edge, including p...
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The global eyewear market size reached USD 169.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 285.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6% during 2025-2033. The market is experiencing robust growth driven by factors such as the rising prevalence of visual impairments, emerging influence of fashion and lifestyle trends, rapid technological advancements in eyewear products, increasing awareness and accessibility of eye care services, and the growing disposable incomes of consumers.
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According to Cognitive Market Research, the global Sports Sunglasses Market size is USD 3258.9 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.40% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1303.56million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.6%from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 977.67million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 749.55million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4%from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 162.95million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8%from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 65.18million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.1%from 2024 to 2031.
The dominant category in the sports sunglasses market is the Offline Retail Channel. This category maintains its leading position due to the consumer preference for physically trying on sunglasses before making apurchase.
Market Dynamics of Sports Sunglasses Market
Key Drivers for Sports Sunglasses Market
Increasing Outdoor Sports and Recreational Activities to Increase the Demand Globally
The surge in outdoor sports and recreational activities is a significant driver for the sports sunglasses market. With a growing emphasis on fitness and healthy lifestyles, more individuals are participating in activities such as cycling, running, hiking, and water sports. These activities necessitate protective eyewear to safeguard against harmful UV rays, glare, and environmental elements, thereby boosting the demand for high-quality sports sunglasses. Additionally, the rise in organized sports events and recreational clubs has further fueled market growth, as athletes and enthusiasts seek specialized eyewear to enhance performance and comfort during outdoor pursuits.
Technological Advancements in Sunglass Manufacturing to Propel Market Growth
Technological advancements in sunglass manufacturing are propelling the sports sunglasses market forward. Innovations such as polarized lenses, photochromic lenses, and advanced materials like polycarbonate and Trivex are enhancing the functionality and durability of sports sunglasses. These technologies provide superior optical clarity, impact resistance, and adaptability to varying light conditions, making them highly appealing to sports enthusiasts. Moreover, the integration of smart features like UV sensors and connectivity with wearable devices is expanding the scope of sports sunglasses, catering to tech-savvy consumers and athletes who demand both protection and performance optimization from their eyewear.
Restraint Factor for the Sports Sunglasses Market
High Cost of Advanced Sports Sunglasses to Limit the Sales
The high cost of advanced sports sunglasses is a significant restraint in the Sports Sunglasses Market. Premium sports sunglasses, equipped with advanced features such as polarized lenses, impact resistance, and UV protection, often come with a steep price tag. This makes them less accessible to a broad segment of consumers, particularly amateur athletes and recreational sports enthusiasts. The high cost can deter potential buyers, limiting the market's growth potential. Additionally, the presence of cheaper alternatives that offer basic protection and functionality further exacerbates this issue, as consumers may opt for more affordable options over high-end sports sunglasses.
Impact of Covid-19 on the Sports Sunglasses Market
The COVID-19 pandemic significantly impacted the Sports Sunglasses Market, primarily due to disruptions in the global supply chain and reduced consumer spending on non-essential items. Lockdowns and social distancing measures led to the cancellation of sporting events and reduced outdoor activities, decreasing the demand for sports sunglasses. Additionally, many manufacturers faced production halts and logistical challenges, further straining the market. However, as restrictions eased and outdoor activities resumed, there was a gradual recovery in demand, driven by an increased...
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Prescription Sunglasses Market size was valued at USD 6428.94 Million in 2024 and is projected to reach USD 9688.28 Million by 2031, growing at a CAGR of 5.26% from 2024 to 2031.
Global Prescription Sunglasses Market drivers
Growing Concern for Eye Health: As prescription sunglasses provide both vision correction and sun protection, there is a growing demand for them as people realise how important it is to shield their eyes from damaging UV rays and glare.
Prevalence of Vision diseases: People who need prescription sunglasses for vision correction outdoors are more likely to have myopia, hyperopia, and astigmatism, which are all becoming more common vision diseases.
Fashion and Style Trends: As consumers look for fashionable eyewear solutions that not only correct eyesight but also suit their individual style and preferences, the convergence of fashion and functionality is driving demand for prescription sunglasses.
Sports & Outdoor Activities: Prescription sunglasses that give improved vision and eye protection are in high demand because to the increasing popularity of outdoor activities like hiking, cycling, skiing, and water sports. These sunglasses are made specifically for sports and outdoor surroundings.
Population Ageing: The demand for prescription sunglasses is driven by the ageing population, especially in industrialised nations where older persons are more likely to experience age-related vision issues and need vision correction for activities like driving and outdoor leisure.
Technological Progress: Continuous developments in lens compositions, coatings, and production techniques enhance the functionality, robustness, and design of prescription sunglasses, spurring demand and creativity.
Growing Disposable Income: As disposable income rises, especially in emerging nations, more people will be able to purchase high-end prescription sunglasses with cutting-edge features like anti-reflective coatings, photochromic lenses, and polarised lenses.
Customisation and Personalisation: Prescription sunglasses made to fit specific prescription needs, face shapes, and lifestyle preferences are becoming more and more popular as a result of the growing desire for personalised and customised eyewear solutions.
Healthcare Reimbursement Policies: By lessening the financial burden on consumers and promoting routine eye care, reimbursement policies and healthcare benefits that cover prescription eyewear expenses in some regions boost market growth.
The expansion of e-commerce platforms and direct-to-consumer channels makes a large selection of prescription sunglasses easily accessible, which promotes market penetration and consumer choice.
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The Scandinavia sunglasses market declined markedly to $93M in 2024, falling by -20.5% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $123M in 2021; however, from 2022 to 2024, consumption remained at a lower figure.
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Polarized Sunglasses Market Size Surpasses $10,268.54 Mn by 2030 with a CAGR of 5.2% Global Market Report Based on Market Share, Growth, Trends, Segments, Industry Outlook By 2030.
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Product Type: Polarized: Enhances visual clarity by minimizing glare, maximizing contrast, and reducing eye strain. Non-Polarized: Provides basic sun protection without additional visual enhancements. Category: Sports: Engineered for outdoor activities, prioritizing durability and performance features. Multifunctional: Designed to serve multiple purposes, combining sunglasses with other accessories, such as reading glasses. Gender: Men's: Tailored to masculine facial features and preferences, offering robust and sporty designs. Women's: Designed to complement feminine aesthetics, featuring a wider variety of styles and emphasizing fashion. Unisex: Suitable for both genders, featuring versatile designs that transcend gender boundaries. Distribution Channel: Supermarkets & Hypermarkets: Offer a diverse selection but may have limited personalization options. Specialty Stores: Provide expert guidance, tailored shopping experiences, and a curated collection of products. Online: Offer convenience, a comprehensive range of options, and competitive pricing. Recent developments include: February 2020: Safilo Group acquires 61.34% of US eyewear brand Privé Revaux in USD 67.5 million deal. The Privé Revaux, a fast-growing US-origin brand, contributes a millennial-focused digital marketing strategy whose mission is to offer affordable, high-quality, beautifully designed eyewear, using celebrities’ endorsements to drive brand awareness and sales., March 2022: Safilo Group launched its first eyewear product from recycled plastic specially made for The Ocean Cleanup, the well-known Dutch non-profit environmental organization that develops advanced technologies to extract plastic pollution from the oceans. To overcome the difficulty in recycling the traditional type of plastics, the company has used injected plastic in the manufacturing of the Ocean Cleanup sunglasses. The injected plastic has been obtained from the Great Pacific Garbage Patch that has high-quality and is regarded as safe., October 2019: Marcolin Group and Omega in collaboration has launched a range of lucury eyewear products. To capitalize on the growing popularity of the brand, the company has planned to expand its distribution by adding more stores in its network of online stores, independent retailers, and corporate boutiques.. Notable trends are: Rising demands for manual locks to boost market growth.
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Global Sport Sunglasses market size 2025 was XX Million. Sport Sunglasses Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
The United States is leading the ranking by revenue in the 'Sunglasses' segment of the eyewear market, recording 5 billion U.S. dollars. Following closely behind is China with 2.2 billion U.S. dollars, while the United Kingdom is trailing the ranking with 587.96 million U.S. dollars, resulting in a difference of 4.4 billion U.S. dollars to the ranking leader, the United States. Find other insights concerning similar markets and segments, such as a ranking by country regarding revenue in the eyewear market and a ranking by country regarding revenue in the spectacle lenses segment of the eyewear market. The Statista Market Insights cover a broad range of additional markets.
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The size and share of the market is categorized based on Type (Men's Running Sunglasses, Women's Running Sunglasses, Kids' Running Sunglasses) and Application (Professional, Amateur) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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For the fourth consecutive year, the Mexican sunglasses market recorded growth in sales value, which increased by 8.4% to $333M in 2024. In general, consumption, however, showed a noticeable increase. Sunglasses consumption peaked in 2024 and is likely to see steady growth in the near future.
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The Eyewear Market estimated size and share is projected to exceed USD 437.86 billion by 2034, with a forecasted CAGR of 8.3% during the period.
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The Sunglasses Market estimated size and share is projected to exceed USD 63.68 billion by 2034, with a forecasted CAGR of 6.6% during the period.