Global Sunglasses Market, Size, Trends, By Type (Polarized and Non-polarized), By Design (Aviator/Pilot, Rectangle, Round, Square, Oval, Cat Eye, and Others), By Frame Material (Acetate, Metal, Injected, and Others) and By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Online Sales Channel) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Sunglasses Market
With a CAGR of 11.45 % from 2023 to 2030, the Global Sunglasses Market is expected to grow from its estimated value of US$ 209.5 Bn in 2022 to US$ 621.5 Bn by 2030.
Sunglasses are eyewear that protects the eyes from the damaging rays of the sun. The majority of them are coloured to block off the sun's beams. The polarised or non-polarized sunglasses can be modified to the buyer's preferences. Sunglasses can be made to the customer's specifications and come in both polarised and non-polarized varieties. Depending on the wearer's eye power, sunglasses can also be used as eyeglasses by using convex or concave lenses.
Market Drivers
The market under investigation predominantly serves the fashion industry, and customer preferences for sunglasses include fashion, facial aesthetics enhancement, brand value, and successful social media marketing/affluence. Traditional eyewear collections and ready-to-wear eyewear, which incorporates expressions of colour, shape, and ornamentation, are becoming more and more entwined. Celebrities and fashion icons typically have a strong sense of brand and like distinctive sunglasses that capture people's attention.
Through the growth of social media and e-commerce platforms, increased distribution fuels market expansion. The eyeglass sector spends a lot of money advertising on well-known social media sites like Instagram, Twitter, and Facebook, which enables them to research customer preferences and provide well curated merchandise. These platforms help companies implement cutting-edge marketing techniques like affiliate and influencer marketing to boost revenue.
Market Restraints
However, the growth of independent merchants and producers has produced a wide range of product sets that consumers can purchase through roadside stands, kiosks, and online marketplaces. This has led to fierce competition among the big players in the market under examination. Sunglasses that are counterfeit have a negative effect on the price and sales strategies of big players. Furthermore, consumers mistakenly purchasing counterfeit goods for the real thing causes the dilution of original brands. The emergence of knockoff sunglasses on the international market has grown to be a serious danger to the world economy.
Market Segmentation
The scope of the Global Sunglasses Market covers segmentation based on By Type, By Design, By Frame Material, By Distribution Channel, and By
Region.
By Type, the market is segmented into Polarized and Non-polarized. By Design, the market is segmented into Aviator/Pilot, Rectangle, Round, Square, Oval, Cat Eye, and Others. By Frame Material, the market is segmented Acetate, Metal, Injected, and Others. By Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Online Sales Channel.
Regional Analysis
The Global Sunglasses Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The sunglasses market is dominated by North America due to awareness of the negative effects of UV radiation on eyes, and the adoption of sunglasses as part of current fashion trends is anticipated to fuel industry expansion. The market for sunglasses is predicted to develop significantly in Asia-Pacific because of its big population and rising popularity of stylish products. The market for sunglasses is anticipated to grow as a result of increased per capita disposable incomes and the expansion of organised retail.
Key Players
De Rigo, Essilor, Fielmann, JEANNE LANVIN SA, LVMH, Marchon Eyewear, Inc., Marcolin SpA., Maui Jim, Inc., Safilo Group S.p.A., Titan Company limited.
Market Taxonomy
By Type
• Polarized
• Non-polarized
By Design
• Aviator/Pilot
• Rectangle
• Round
• Square
• Oval
• Cat Eye
• Others
By Frame Material
• Acetate
• Metal
• Injected
• Others
By Distribution Channel
• Supermarkets/Hypermarkets
• Specialty Stores
• Convenience Stores
• Online Sales Channel
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Sunglasses Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Sunglasses Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Sunglasses Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Sunglasses Market Share Analysis, By Type
5.3 Global Sunglasses Market Size and Forecast, By Type
5.3.1 Polarized
5.3.2 Non-polarized
6 Global Sunglasses Market, By Design
6.1 Y-o-Y Growth Comparison, By Design
6.2 Global Sunglasses Market Share Analysis, By Design
6.3 Global Sunglasses Market Size and Forecast, By Design
6.3.1 Aviator/Pilot
6.3.2 Rectangle
6.3.3 Round
6.3.4 Square
6.3.5 Oval
6.3.6 Cat Eye
6.3.7 Others
7 Global Sunglasses Market, By Frame Material
7.1 Y-o-Y Growth Comparison, By Frame Material
7.2 Global Sunglasses Market Share Analysis, By Frame Material
7.3 Global Sunglasses Market Size and Forecast, By Frame Material
7.3.1 Acetate
7.3.2 Metal
7.3.3 Injected
7.3.4 Others
8 Global Sunglasses Market, By Distribution Channel
8.1 Y-o-Y Growth Comparison, By Distribution Channel
8.2 Global Sunglasses Market Share Analysis, By Distribution Channel
8.3 Global Sunglasses Market Size and Forecast, By Distribution Channel
8.3.1 Supermarkets/Hypermarkets
8.3.2 Specialty Stores
8.3.3 Convenience Stores
8.3.4 Online Sales Channel
9 Global Sunglasses Market, By Region
9.1 Global Sunglasses Market Share Analysis, By Region
9.2 Global Sunglasses Market Share Analysis, By Region
9.3 Global Sunglasses Market Size and Forecast, By Region
10 North America Sunglasses Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Sunglasses Market Share Analysis, By Type
10.3 North America Sunglasses Market Share Analysis, By Design
10.4 North America Sunglasses Market Share Analysis, By Frame Material
10.5 North America Sunglasses Market Share Analysis, By Distribution Channel
10.6 North America Sunglasses Market Size and Forecast, By Country
10.6.1 U.S.
10.6.1.1 Market Size and Forecast, By Type
10.6.1.2 Market Size and Forecast, By Design
10.6.1.3 Market Size and Forecast, By Frame Material
10.6.1.4 Market Size and Forecast, By Distribution Channel
10.6.2 Canada
10.6.2.1 Market Size and Forecast, By Type
10.6.2.2 Market Size and Forecast, By Design
10.6.2.3 Market Size and Forecast, By Frame Material
10.6.2.4 Market Size and Forecast, By Distribution Channel
10.6.3 Mexico
10.6.2.1 Market Size and Forecast, By Type
10.6.2.2 Market Size and Forecast, By Design
10.6.2.3 Market Size and Forecast, By Frame Material
10.6.2.4 Market Size and Forecast, By Distribution Channel
11 Europe Sunglasses Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Sunglasses Market Share Analysis, By Type
11.3 Europe Sunglasses Market Share Analysis, By Design
11.4 Europe Sunglasses Market Share Analysis, By Frame Material
11.5 Europe Sunglasses Market Share Analysis, By Distribution Channel
11.6 Europe Sunglasses Market Size and Forecast, By Country
11.6.1 Germany
11.6.1.1 Market Size and Forecast, By Type
11.6.1.2 Market Size and Forecast, By Design
11.6.1.3 Market Size and Forecast, By Frame Material
11.6.1.4 Market Size and Forecast, By Distribution Channel
11.6.2 France
11.6.1.1 Market Size and Forecast, By Type
11.6.1.2 Market Size and Forecast, By Design
11.6.1.3 Market Size and Forecast, By Frame Material
11.6.1.4 Market Size and Forecast, By Distribution Channel
11.6.3 UK
11.6.3.1 Market Size and Forecast, By Type
11.6.3.2 Market Size and Forecast, By Design
11.6.3.3 Market Size and Forecast, By Frame Material
11.6.3.4 Market Size and Forecast, By Distribution Channel
11.6.4 Russia
11.6.4.1 Market Size and Forecast, By Type
11.6.4.2 Market Size and Forecast, By Design
11.6.4.3 Market Size and Forecast, By Frame Material
11.6.4.4 Market Size and Forecast, By Distribution Channel
11.6.5 Italy
11.6.5.1 Market Size and Forecast, By Type
11.6.5.2 Market Size and Forecast, By Design
11.6.5.3 Market Size and Forecast, By Frame Material
11.6.5.4 Market Size and Forecast, By Distribution Channel
11.6.6 Spain
11.6.6.1 Market Size and Forecast, By Type
11.6.6.2 Market Size and Forecast, By Design
11.6.6.3 Market Size and Forecast, By Frame Material
11.6.6.4 Market Size and Forecast, By Distribution Channel
11.6.7 Rest of Europe
11.6.7.1 Market Size and Forecast, By Type
11.6.7.2 Market Size and Forecast, By Design
11.6.7.3 Market Size and Forecast, By Frame Material
11.6.7.4 Market Size and Forecast, By Distribution Channel
12 Asia Pacific Sunglasses Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Sunglasses Market Share Analysis, By Type
12.3 Asia Pacific Sunglasses Market Share Analysis, By Design
12.4 Asia Pacific Sunglasses Market Share Analysis, By Frame Material
12.5 Asia Pacific Sunglasses Market Share Analysis, By Distribution Channel
12.6 Asia Pacific Sunglasses Market Size and Forecast, By Country
12.6.1 China
12.6.1.1 Market Size and Forecast, By Type
12.6.1.2 Market Size and Forecast, By Design
12.6.1.3 Market Size and Forecast, By Frame Material
12.6.1.4 Market Size and Forecast, By Distribution Channel
12.6.2 Japan
12.6.2.1 Market Size and Forecast, By Type
12.6.2.2 Market Size and Forecast, By Design
12.6.2.3 Market Size and Forecast, By Frame Material
12.6.2.4 Market Size and Forecast, By Distribution Channel
12.6.3 India
12.6.3.1 Market Size and Forecast, By Type
12.6.3.2 Market Size and Forecast, By Design
12.6.3.3 Market Size and Forecast, By Frame Material
12.6.3.4 Market Size and Forecast, By Distribution Channel
12.6.4 South Korea
12.6.4.1 Market Size and Forecast, By Type
12.6.4.2 Market Size and Forecast, By Design
12.6.4.3 Market Size and Forecast, By Frame Material
12.6.4.4 Market Size and Forecast, By Distribution Channel
12.6.5 Australia
12.6.4.1 Market Size and Forecast, By Type
12.6.4.2 Market Size and Forecast, By Design
12.6.4.3 Market Size and Forecast, By Frame Material
12.6.4.4 Market Size and Forecast, By Distribution Channel
12.6.6 New Zealand
12.6.6.1 Market Size and Forecast, By Type
12.6.6.2 Market Size and Forecast, By Design
12.6.6.3 Market Size and Forecast, By Frame Material
12.6.6.4 Market Size and Forecast, By Distribution Channel
12.6.7 Singapore
12.6.7.1 Market Size and Forecast, By Type
12.6.7.2 Market Size and Forecast, By Design
12.6.7.3 Market Size and Forecast, By Frame Material
12.6.7.4 Market Size and Forecast, By Distribution Channel
12.6.8 Malaysia
12.6.8.1 Market Size and Forecast, By Type
12.6.8.2 Market Size and Forecast, By Design
12.6.8.3 Market Size and Forecast, By Frame Material
12.6.8.4 Market Size and Forecast, By Distribution Channel
12.6.9. Rest of Asia
12.6.9.1 Market Size and Forecast, By Type
12.6.9.2 Market Size and Forecast, By Design
12.6.9.3 Market Size and Forecast, By Frame Material
12.6.9.4 Market Size and Forecast, By Distribution Channel
13 Latin America Sunglasses Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Sunglasses Market Share Analysis, By Type
13.3 Latin America Sunglasses Market Share Analysis, By Design
13.4 Latin America Sunglasses Market Share Analysis, By Frame Material
13.5 Latin America Sunglasses Market Share Analysis, By Distribution Channel
13.6 Latin America Sunglasses Market Size and Forecast, Country
13.6.1. Brazil
13.6.1.1 Market Size and Forecast, By Type
13.6.1.2 Market Size and Forecast, By Design
13.6.1.3 Market Size and Forecast, By Frame Material
13.6.1.4 Market Size and Forecast, By Distribution Channel
13.6.2 Argentina
13.6.2.1 Market Size and Forecast, By Type
13.6.2.2 Market Size and Forecast, By Design
13.6.2.3 Market Size and Forecast, By Frame Material
13.6.2.4 Market Size and Forecast, By Distribution Channel
13.6.3 Colombia
13.6.3.1 Market Size and Forecast, By Type
13.6.3.2 Market Size and Forecast, By Design
13.6.3.3 Market Size and Forecast, By Frame Material
13.6.3.4 Market Size and Forecast, By Distribution Channel
13.6.4 Peru
13.6.4.1 Market Size and Forecast, By Type
13.6.4.2 Market Size and Forecast, By Design
13.6.4.3 Market Size and Forecast, By Frame Material
13.6.4.4 Market Size and Forecast, By Distribution Channel
13.6.5 Chile
13.6.5.1 Market Size and Forecast, By Type
13.6.5.2 Market Size and Forecast, By Design
13.6.5.3 Market Size and Forecast, By Frame Material
13.6.5.4 Market Size and Forecast, By Distribution Channel
13.6.6 Venezuela
13.6.6.1 Market Size and Forecast, By Type
13.6.6.2 Market Size and Forecast, By Design
13.6.6.3 Market Size and Forecast, By Frame Material
13.6.6.4 Market Size and Forecast, By Distribution Channel
13.6.7. Rest of Latin America
13.6.7.1 Market Size and Forecast, By Type
13.6.7.2 Market Size and Forecast, By Design
13.6.7.3 Market Size and Forecast, By Frame Material
13.6.7.4 Market Size and Forecast, By Distribution Channel
14 Middle East Sunglasses Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Sunglasses Market Share Analysis, By Type
14.3 Middle East Sunglasses Market Size and Forecast, By Design
14.4 Middle East Sunglasses Market Size and Forecast, By Frame Material
14.5 Middle East Sunglasses Market Size and Forecast, By Distribution Channel
14.6 Middle East Sunglasses Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.1.1 Market Size and Forecast, By Type
14.6.1.2 Market Size and Forecast, By Design
14.6.1.3 Market Size and Forecast, By Frame Material
14.6.1.4 Market Size and Forecast, By Distribution Channel
14.6.2. UAE
14.6.2.1 Market Size and Forecast, By Type
14.6.2.2 Market Size and Forecast, By Design
14.6.2.3 Market Size and Forecast, By Frame Material
14.6.2.4 Market Size and Forecast, By Distribution Channel
14.6.3. Egypt
14.6.3.1 Market Size and Forecast, By Type
14.6.3.2 Market Size and Forecast, By Design
14.6.3.3 Market Size and Forecast, By Frame Material
14.6.3.4 Market Size and Forecast, By Distribution Channel
14.6.4. Kuwait
14.6.4.1 Market Size and Forecast, By Type
14.6.4.2 Market Size and Forecast, By Design
14.6.4.3 Market Size and Forecast, By Frame Material
14.6.4.4 Market Size and Forecast, By Distribution Channel
14.6.5. South Africa
14.6.5.1 Market Size and Forecast, By Type
14.6.5.2 Market Size and Forecast, By Design
14.6.5.3 Market Size and Forecast, By Frame Material
14.6.5.4 Market Size and Forecast, By Distribution Channel
14.6.6 Rest of Middle East & Africa
14.6.6.1 Market Size and Forecast, By Type
14.6.6.2 Market Size and Forecast, By Design
14.6.6.3 Market Size and Forecast, By Frame Material
14.6.6.4 Market Size and Forecast, By Distribution Channel
15 Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
16 Company Profiles
16.1 De Rigo
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Essilor
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Fielmann
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 JEANNE LANVIN SA
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 LVMH
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Marchon Eyewear, Inc.
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Marcolin SpA.
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Maui Jim, Inc.
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Safilo Group S.p.A
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Titan Company limited.
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments Global Sunglasses Market
16.10.6 Key Strategies
