Sunglasses Market By Size, Growth, Trends and Forecast 2018-2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 28.6 Billion
CAGR (2023-2028)	6.51%
Fastest Growing Segment	Online
Largest Market	Europe

Market Overview

Global Sunglasses Market has valued at USD 28.6 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.51% through 2028. The global sunglasses market is a dynamic and ever-evolving industry driven by a combination of fashion trends, increasing awareness of UV protection, and technological advancements. With a strong emphasis on style and function, sunglasses have become an essential accessory for people of all ages. One of the key factors fueling the market's growth is the rising awareness of the harmful effects of ultraviolet (UV) radiation on eye health. Consumers are increasingly looking for sunglasses that provide both fashion appeal and proper UV protection. As a result, manufacturers are focusing on developing lenses with high UV protection ratings and incorporating innovative materials. Fashion trends play a significant role in shaping the market. The demand for various styles and designs, from classic aviators to bold and colorful frames, drives sales. Additionally, celebrity endorsements and collaborations with fashion brands further influence consumer choices. The growing popularity of e-commerce has expanded the distribution channels, making it easier for consumers to browse and purchase sunglasses online. This digital shift has led to increased competition among online and offline retailers, pushing brands to enhance their online presence and offer personalized shopping experiences. In recent years, sustainability has also gained importance in the sunglasses industry, with many brands adopting eco-friendly materials and practices. This environmentally conscious approach resonates with consumers, especially in younger demographics. Overall, the global sunglasses market remains highly competitive, with an ever-expanding product range and growing consumer demand for stylish, protective eyewear. Innovation, sustainability, and online accessibility will continue to shape the industry's future.

Key Market Drivers

Increasing Awareness of UV Protection

A fundamental driver of the global sunglasses market is the growing awareness of the harmful effects of ultraviolet (UV) radiation on eye health. With more people recognizing the risks of UV exposure, there is a heightened demand for sunglasses that provide both style and effective UV protection. Consumers now look for sunglasses with high UV protection ratings, often expressed as UV400 or UV100% to ensure their eyes are shielded from harmful rays. This driver has prompted manufacturers to invest in the development of lenses that offer enhanced UV protection, further fueling the growth of the industry.

Fashion and Style Trends

Fashion trends are a crucial driver in the sunglasses market. Sunglasses have evolved beyond their basic function of eye protection to become a prominent fashion accessory. Consumers, across all age groups, seek sunglasses that align with their personal style and follow the latest trends. From classic aviators to oversized frames, sporty designs, and bold, colorful options, the diversity of styles available caters to a wide range of consumer preferences. The influence of celebrity endorsements, collaborations with renowned fashion brands, and the constant evolution of fashion trends all contribute to the dynamic nature of the industry.

Changing Demographics and Lifestyle Trends

Shifts in demographics and lifestyle trends play a pivotal role in shaping the maternity and personal care market. Changing family structures, delayed pregnancies, and a growing trend towards dual-income households have altered consumer behavior and preferences. As more women choose to become mothers at a later age, there is an increased focus on products that support fertility, prenatal health, and postpartum recovery. Additionally, evolving lifestyle trends, such as an increased focus on self-care and pampering, have expanded the market beyond basic necessities. The demand for premium and specialized products, including luxury skincare items for expectant mothers, has risen as consumers seek products that align with their lifestyle choices. This demographic and lifestyle-driven demand is prompting market players to diversify their product portfolios and cater to a broader spectrum of consumer needs.

E-Commerce and Digital Transformation

The proliferation of e-commerce and digital platforms has revolutionized the way consumers research, purchase, and engage with maternity and personal care products. Online retail channels provide a convenient and accessible avenue for consumers to explore a wide array of options, read reviews, and make informed decisions. The ease of online shopping has contributed to the globalization of the maternity and personal care market, allowing consumers worldwide to access products from different regions. Moreover, digital platforms serve as valuable tools for brand communication, allowing companies to engage with their target audience, provide educational content, and build brand loyalty. The digital transformation has enabled direct-to-consumer (DTC) models, giving brands the opportunity to establish a direct relationship with their customers and adapt quickly to changing market dynamics.

Globalization and Emerging Market Opportunities

The globalization of markets has opened up new opportunities for players in the maternity and personal care industry. Emerging economies, characterized by rising disposable incomes, urbanization, and changing consumer lifestyles, present untapped markets for maternity and personal care products. As awareness about the importance of maternal and infant health increases in these regions, the demand for specialized products is on the rise. Market players are strategically expanding their presence in these emerging markets, tailoring their offerings to suit local preferences and cultural norms. This globalization trend not only fosters market growth but also encourages collaborations and partnerships between international and local brands, facilitating the exchange of expertise and resources.

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Key Market Challenges

Counterfeit and Imitation Products

A persistent challenge in the sunglasses market is the proliferation of counterfeit and imitation products. Counterfeit sunglasses often mimic the designs of popular and luxury brands, fooling unsuspecting consumers into purchasing low-quality, non-protective eyewear. These counterfeit products not only compromise consumers' eye health but also undermine the reputation and sales of genuine brands. The prevalence of e-commerce platforms has made it easier for counterfeiters to sell their products, making it challenging for consumers to distinguish between authentic and fake sunglasses. This issue erodes trust in the market and can result in financial losses for both consumers and legitimate manufacturers.

To combat this challenge, established brands invest in robust anti-counterfeiting measures, including holographic labels, QR codes, and unique serial numbers, on their products. Additionally, governments and industry associations work together to enforce intellectual property rights and combat the sale of counterfeit eyewear. Nonetheless, the battle against counterfeit sunglasses remains an ongoing challenge for the industry.

Intense Competition and Market Saturation

The sunglasses market is highly competitive, with numerous brands vying for consumer attention and market share. This intense competition, along with market saturation, can make it challenging for both established and emerging players to stand out. Consumers are presented with a plethora of options, which can lead to price wars and margin pressures. Additionally, maintaining brand loyalty in such a competitive landscape can be difficult, as consumers often switch between brands and are influenced by the latest trends.

To address this challenge, brands must focus on innovation, quality, and unique selling propositions (USPs). Creating distinctive designs, collaborating with influencers and celebrities, and capitalizing on sustainability and eco-friendly practices can set brands apart. Furthermore, establishing a strong online presence and using data-driven marketing strategies can help companies connect with their target audiences and drive sales in a crowded market.

Changing Consumer Preferences and Trends

Consumer preferences and fashion trends are highly dynamic, and they can pose a challenge for the sunglasses industry. What is considered trendy today might be outdated tomorrow, and brands need to continually adapt to these shifts. Additionally, as consumer awareness and priorities evolve, factors such as sustainability, ethical practices, and eco-friendliness have become more important in purchasing decisions.

Staying ahead of these trends and preferences is essential for sunglasses brands. This requires a deep understanding of consumer behavior, the ability to quickly respond to changing tastes, and a commitment to sustainable and ethical manufacturing. Brands that fail to adapt may find themselves losing market share or becoming less relevant in a rapidly evolving market.

Impact of Seasonal Variations

The sunglasses market is influenced by seasonal variations, with the majority of sales occurring during the spring and summer months. This seasonality poses a challenge to manufacturers and retailers who need to manage inventory and revenue fluctuations throughout the year. While certain brands diversify their product lines to include prescription eyeglasses and winter eyewear, these efforts may not fully offset the seasonal decline in sunglass sales.

To mitigate this challenge, companies often employ effective inventory management and marketing strategies. They may offer sales and promotions during the off-season to stimulate demand, invest in marketing campaigns to highlight the importance of year-round UV protection, or diversify their product offerings to include complementary items, such as eyeglasses, contact lenses, or accessories. These measures can help brands maintain a more stable revenue stream throughout the year.

Key Market Trends

Tech-Infused Eyewear

A notable trend in the sunglasses market is the integration of technology into eyewear. Smart sunglasses, equipped with features such as augmented reality (AR) displays, fitness trackers, and audio capabilities, are gaining popularity. These tech-infused sunglasses not only provide sun protection but also offer users additional functionalities, enhancing their overall experience. For instance, some smart sunglasses can display notifications, track fitness metrics, or even act as wireless audio devices. As consumers increasingly seek multifunctional accessories, the fusion of technology with traditional eyewear is likely to continue shaping the market.

Sustainable and Eco-Friendly Practices

Sustainability has become a driving force in various industries, including fashion. In the sunglasses market, there is a growing trend toward sustainable and eco-friendly practices. Consumers are becoming more conscious of the environmental impact of their purchases, leading to increased demand for sunglasses made from recycled materials, biodegradable frames, or sustainable alternatives such as bamboo and wood. Brands that embrace environmentally friendly practices not only contribute to environmental conservation but also attract eco-conscious consumers who prioritize sustainability in their buying decisions.

Customization and Personalization

The desire for personalized products has spurred a trend toward customization in the sunglasses market. Consumers seek unique designs that reflect their individual style and preferences. Brands are responding by offering customizable options, allowing customers to choose frame styles, colors, and lens options tailored to their liking. Some companies take personalization further by offering engraving services or allowing customers to upload their own designs. This trend aligns with the broader shift towards consumer-centric approaches in retail, where personalization enhances the overall shopping experience and fosters a sense of exclusivity.

Fashion-Forward Styles and Influencer Collaborations

Sunglasses have transcended their functional role as eye protection to become a prominent fashion accessory. The market is witnessing an influx of fashion-forward styles that cater to diverse tastes. Additionally, collaborations between sunglasses brands and influencers or celebrities have become increasingly prevalent. Influencers and celebrities lend their personal style and endorsement to curated collections, creating a strong connection between fashion trends and consumer choices. Collaborations often result in limited-edition releases that generate buzz and contribute to the overall desirability of a brand.

Digital Retail and Augmented Reality Experiences

The rise of e-commerce has transformed the retail landscape, and the sunglasses market is no exception. Digital retail platforms offer consumers the convenience of browsing and purchasing sunglasses online. To enhance the online shopping experience, many brands are leveraging augmented reality (AR) technology. Virtual try-on features allow customers to see how sunglasses look on their faces before making a purchase. This technology not only reduces the uncertainty associated with online shopping but also adds an interactive element to the buying process. As technology continues to advance, the integration of AR and other digital innovations will likely play a crucial role in shaping the future of the sunglasses market.

Wellness and Health-Centric Eyewear

The increasing emphasis on health and wellness has extended to eyewear. Consumers are recognizing the importance of protecting their eyes not only from UV radiation but also from the harmful effects of blue light emitted by digital screens. As screen time continues to rise with increased use of smartphones, computers, and other devices, there is a growing demand for sunglasses and eyeglasses that provide blue light filtering. Brands are responding by incorporating blue light-blocking technology into their lenses, addressing concerns related to eye strain and potential long-term effects of prolonged screen exposure.

Segmental Insights

Product Type Insights

Polarized sunglasses have emerged as a rapidly growing segment within the global eyewear market. The surge in popularity of polarized sunglasses can be attributed to their unique and highly beneficial features, which cater to the increasing demand for eye protection and enhanced visual comfort.

Polarized lenses are specially designed to reduce glare, particularly from surfaces like water, snow, and roads. They work by filtering out horizontally polarized light, which is often the source of intense glare. This feature not only enhances visual clarity but also minimizes eye strain, making polarized sunglasses highly sought after for outdoor activities such as boating, fishing, skiing, and driving.

Furthermore, the heightened awareness of UV protection and the importance of safeguarding eyes from harmful ultraviolet rays has led consumers to prioritize sunglasses that offer both UV protection and polarization. As a result, polarized sunglasses are viewed as a comprehensive solution for eye safety, providing protection against glare and UV radiation simultaneously.

Brands and manufacturers have recognized the growing demand for polarized eyewear and are increasingly incorporating polarized lens technology into their product offerings. This trend aligns with consumers' preferences for sunglasses that combine style, eye protection, and enhanced visual performance. Consequently, the polarized sunglasses segment is expected to continue its upward trajectory, offering consumers a versatile solution for eye comfort and safety in various outdoor settings.

Sales Channel Insights

The online retail segment has rapidly emerged as a major growth driver in the global sunglasses market. The digital transformation of shopping habits, coupled with the convenience and accessibility of online platforms, has led to a significant shift in the way consumers purchase eyewear.

One of the key factors driving the growth of online sales in the sunglasses market is the convenience it offers. Consumers can easily browse through a vast array of styles, brands, and price ranges from the comfort of their homes or on the go. With advanced filters, virtual try-on options, and detailed product descriptions, online retailers have enhanced the overall shopping experience, reducing the uncertainty that often accompanies traditional in-store shopping.

Moreover, the ability to compare prices, read customer reviews, and access a wide range of promotional deals online has further accelerated the shift towards e-commerce. Many online retailers offer an extensive selection of sunglasses, often including exclusive designs and limited-edition collaborations, which can be especially appealing to fashion-conscious consumers.

As the online segment continues to grow, it has also driven innovation within the industry. Augmented reality (AR) and virtual try-on technologies allow consumers to virtually try on sunglasses, providing a better sense of how the eyewear will look on their face before making a purchase.

In conclusion, the online segment in the sunglasses market is thriving due to its convenience, accessibility, and the enhanced shopping experience it provides. This trend is expected to persist and expand as more consumers turn to e-commerce for their eyewear needs, fostering innovation and competition among online retailers.

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Regional Insights

The Asia-Pacific region has emerged as a rapidly growing and dynamic segment in the global sunglasses market. This growth can be attributed to several key factors that are driving the increased demand for eyewear across various countries in the region.
One significant driver is the rising disposable income and urbanization in many Asian countries. As more people in the region move to urban areas and experience an improvement in their standard of living, they are increasingly seeking fashion-forward accessories like sunglasses. The desire to keep up with global fashion trends has led to a surge in the consumption of stylish eyewear.
Moreover, heightened awareness of eye health and the importance of UV protection has contributed to the growth of the sunglasses market in Asia-Pacific. With countries like Australia experiencing intense sunlight and others like India and China grappling with increasing air pollution, the need for sunglasses offering both protection and style has become paramount.
The influence of celebrity endorsements and social media has also played a significant role in driving demand for sunglasses in Asia-Pacific. Influencers and celebrities frequently showcase fashionable eyewear, leading to a desire among consumers to emulate these styles.
Furthermore, the ever-expanding e-commerce landscape has made it easier for consumers in Asia-Pacific to access a wide range of sunglasses from both domestic and international brands. This convenience, along with the availability of virtual try-on technology, has accelerated the shift towards online purchases.
In conclusion, the Asia-Pacific region is witnessing a booming sunglasses market fueled by rising disposable incomes, increased awareness of UV protection, celebrity endorsements, and the convenience of online shopping. As fashion-conscious consumers in the region continue to prioritize eye protection and style, the growth trajectory of the sunglasses market in Asia-Pacific is expected to remain strong in the coming years.

Recent Developments

In 2020, Fastrack launches line of audio-sunglasses on Amazon, featuring inbuilt Bluetooth speakers.
In 2021, Eyeleos, launched into the U.S. market, offering consumers a new, more way to shop for eyewear online.

Key Market Players

Luxottica Group
Safilo Group
Maui Jim
De Rigo
Charmant
Specsavers Optical
Revo
Fielmann AG
Pivothead
LVMH Group

By Product Type	By Sales Channel	By Region
Polarized Non-polarized	Supermarkets and Hypermarkets Specialty Stores Online Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Sunglasses Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Sunglasses Market, By Product Type:

o Polarized

o Non-polarized

Sunglasses Market, By Sales Channel:

o Supermarkets and Hypermarkets

o Specialty Stores

o Online

o Others

Sunglasses Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

§ Indonesia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

o South America

§ Argentina

§ Colombia

§ Brazil

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Sunglasses Market.

Available Customizations:

Global Sunglasses market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Sunglasses Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer

4.1. Brand Awareness

4.2. Factors Influencing Purchase Decision

4.3. Sources of Information

5. Global Sunglasses Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type Market Share Analysis (Polarized, Non-polarized)

5.2.2. By Sales Channel Market Share Analysis (Supermarkets and Hypermarkets, Specialty Stores, Online, Others)

5.2.3. By Regional Market Share Analysis

5.2.3.1. North America Market Share Analysis

5.2.3.2. Europe Market Share Analysis

5.2.3.3. Asia-Pacific Market Share Analysis

5.2.3.4. Middle East & Africa Market Share Analysis

5.2.3.5. South America Market Share Analysis

5.2.4. By Top 5 Companies Market Share Analysis, Others (2022)

5.3. Global Sunglasses Market Mapping & Opportunity Assessment

5.3.1. By Product Type Market Mapping & Opportunity Assessment

5.3.2. By Sales Channel Market Mapping & Opportunity Assessment

5.3.3. By Regional Market Mapping & Opportunity Assessment

6. North America Sunglasses Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type Market Share Analysis

6.2.2. By Sales Channel Market Share Analysis

6.2.3. By Country Market Share Analysis

6.2.3.1. United States Sunglasses Market Outlook

6.2.3.1.1. Market Size & Forecast

6.2.3.1.1.1. By Value

6.2.3.1.2. Market Share & Forecast

6.2.3.1.2.1. By Product Type Market Share Analysis

6.2.3.1.2.2. By Sales Channel Market Share Analysis

6.2.3.2. Canada Sunglasses Market Outlook

6.2.3.2.1. Market Size & Forecast

6.2.3.2.1.1. By Value

6.2.3.2.2. Market Share & Forecast

6.2.3.2.2.1. By Product Type Market Share Analysis

6.2.3.2.2.2. By Sales Channel Market Share Analysis

6.2.3.3. Mexico Sunglasses Market Outlook

6.2.3.3.1. Market Size & Forecast

6.2.3.3.1.1. By Value

6.2.3.3.2. Market Share & Forecast

6.2.3.3.2.1. By Product Type Market Share Analysis

6.2.3.3.2.2. By Sales Channel Market Share Analysis

7. Europe Sunglasses Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type Market Share Analysis

7.2.2. By Sales Channel Market Share Analysis

7.2.3. By Country Market Share Analysis

7.2.3.1. France Sunglasses Market Outlook

7.2.3.1.1. Market Size & Forecast

7.2.3.1.1.1. By Value

7.2.3.1.2. Market Share & Forecast

7.2.3.1.2.1. By Product Type Market Share Analysis

7.2.3.1.2.2. By Sales Channel Market Share Analysis

7.2.3.2. United Kingdom Sunglasses Market Outlook

7.2.3.2.1. Market Size & Forecast

7.2.3.2.1.1. By Value

7.2.3.2.2. Market Share & Forecast

7.2.3.2.2.1. By Product Type Market Share Analysis

7.2.3.2.2.2. By Sales Channel Market Share Analysis

7.2.3.3. Italy Sunglasses Market Outlook

7.2.3.3.1. Market Size & Forecast

7.2.3.3.1.1. By Value

7.2.3.3.2. Market Share & Forecast

7.2.3.3.2.1. By Product Type Market Share Analysis

7.2.3.3.2.2. By Sales Channel Market Share Analysis

7.2.3.4. Germany Sunglasses Market Outlook

7.2.3.4.1. Market Size & Forecast

7.2.3.4.1.1. By Value

7.2.3.4.2. Market Share & Forecast

7.2.3.4.2.1. By Product Type Market Share Analysis

7.2.3.4.2.2. By Sales Channel Market Share Analysis

7.2.3.5. Spain Sunglasses Market Outlook

7.2.3.5.1. Market Size & Forecast

7.2.3.5.1.1. By Value

7.2.3.5.2. Market Share & Forecast

7.2.3.5.2.1. By Product Type Market Share Analysis

7.2.3.5.2.2. By Sales Channel Market Share Analysis

8. Asia-Pacific Sunglasses Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type Market Share Analysis

8.2.2. By Sales Channel Market Share Analysis

8.2.3. By Country Market Share Analysis

8.2.3.1. China Sunglasses Market Outlook

8.2.3.1.1. Market Size & Forecast

8.2.3.1.1.1. By Value

8.2.3.1.2. Market Share & Forecast

8.2.3.1.2.1. By Product Type Market Share Analysis

8.2.3.1.2.2. By Sales Channel Market Share Analysis

8.2.3.2. India Sunglasses Market Outlook

8.2.3.2.1. Market Size & Forecast

8.2.3.2.1.1. By Value

8.2.3.2.2. Market Share & Forecast

8.2.3.2.2.1. By Product Type Market Share Analysis

8.2.3.2.2.2. By Sales Channel Market Share Analysis

8.2.3.3. Japan Sunglasses Market Outlook

8.2.3.3.1. Market Size & Forecast

8.2.3.3.1.1. By Value

8.2.3.3.2. Market Share & Forecast

8.2.3.3.2.1. By Product Type Market Share Analysis

8.2.3.3.2.2. By Sales Channel Market Share Analysis

8.2.3.4. Australia Sunglasses Market Outlook

8.2.3.4.1. Market Size & Forecast

8.2.3.4.1.1. By Value

8.2.3.4.2. Market Share & Forecast

8.2.3.4.2.1. By Product Type Market Share Analysis

8.2.3.4.2.2. By Sales Channel Market Share Analysis

8.2.3.5. South Korea Sunglasses Market Outlook

8.2.3.5.1. Market Size & Forecast

8.2.3.5.1.1. By Value

8.2.3.5.2. Market Share & Forecast

8.2.3.5.2.1. By Product Type Market Share Analysis

8.2.3.5.2.2. By Sales Channel Market Share Analysis

8.2.3.6. Indonesia Sunglasses Market Outlook

8.2.3.6.1. Market Size & Forecast

8.2.3.6.1.1. By Value

8.2.3.6.2. Market Share & Forecast

8.2.3.6.2.1. By Product Type Market Share Analysis

8.2.3.6.2.2. By Sales Channel Market Share Analysis

9. Middle East & Africa Sunglasses Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type Market Share Analysis

9.2.2. By Sales Channel Market Share Analysis

9.2.3. By Country Market Share Analysis

9.2.3.1. South Africa Sunglasses Market Outlook

9.2.3.1.1. Market Size & Forecast

9.2.3.1.1.1. By Value

9.2.3.1.2. Market Share & Forecast

9.2.3.1.2.1. By Product Type Market Share Analysis

9.2.3.1.2.2. By Sales Channel Market Share Analysis

9.2.3.2. Saudi Arabia Sunglasses Market Outlook

9.2.3.2.1. Market Size & Forecast

9.2.3.2.1.1. By Value

9.2.3.2.2. Market Share & Forecast

9.2.3.2.2.1. By Product Type Market Share Analysis

9.2.3.2.2.2. By Sales Channel Market Share Analysis

9.2.3.3. UAE Sunglasses Market Outlook

9.2.3.3.1. Market Size & Forecast

9.2.3.3.1.1. By Value

9.2.3.3.2. Market Share & Forecast

9.2.3.3.2.1. By Product Type Market Share Analysis

9.2.3.3.2.2. By Sales Channel Market Share Analysis

9.2.3.4. Turkey Sunglasses Market Outlook

9.2.3.4.1. Market Size & Forecast

9.2.3.4.1.1. By Value

9.2.3.4.2. Market Share & Forecast

9.2.3.4.2.1. By Product Type Market Share Analysis

9.2.3.4.2.2. By Sales Channel Market Share Analysis

10. South America Sunglasses Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type Market Share Analysis

10.2.2. By Sales Channel Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1. Argentina Sunglasses Market Outlook

10.2.3.1.1. Market Size & Forecast

10.2.3.1.1.1. By Value

10.2.3.1.2. Market Share & Forecast

10.2.3.1.2.1. By Product Type Market Share Analysis

10.2.3.1.2.2. By Sales Channel Market Share Analysis

10.2.3.2. Colombia Sunglasses Market Outlook

10.2.3.2.1. Market Size & Forecast

10.2.3.2.1.1. By Value

10.2.3.2.2. Market Share & Forecast

10.2.3.2.2.1. By Product Type Market Share Analysis

10.2.3.2.2.2. By Sales Channel Market Share Analysis

10.2.3.3. Brazil Sunglasses Market Outlook

10.2.3.3.1. Market Size & Forecast

10.2.3.3.1.1. By Value

10.2.3.3.2. Market Share & Forecast

10.2.3.3.2.1. By Product Type Market Share Analysis

10.2.3.3.2.2. By Sales Channel Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Impact of COVID-19 on Global Sunglasses Market

12.1. Impact Assessment Model

12.1.1. Key Segments Impacted

12.1.2. Key Distribution Channel Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1. Company Profiles

14.1.1. Luxottica Group

14.1.1.1. Company Details

14.1.1.2. Products

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Key Market Focus & Geographical Presence

14.1.1.5. Recent Developments

14.1.1.6. Key Management Personnel

14.1.2. Safilo Group

14.1.2.1. Company Details

14.1.2.2. Products

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Key Market Focus & Geographical Presence

14.1.2.5. Recent Developments

14.1.2.6. Key Management Personnel

14.1.3. Maui Jim

14.1.3.1. Company Details

14.1.3.2. Products

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Key Market Focus & Geographical Presence

14.1.3.5. Recent Developments

14.1.3.6. Key Management Personnel

14.1.4. De Rigo

14.1.4.1. Company Details

14.1.4.2. Products

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Key Market Focus & Geographical Presence

14.1.4.5. Recent Developments

14.1.4.6. Key Management Personnel

14.1.5. Charmant

14.1.5.1. Company Details

14.1.5.2. Products

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Key Market Focus & Geographical Presence

14.1.5.5. Recent Developments

14.1.5.6. Key Management Personnel

14.1.6. Specsavers Optical

14.1.6.1. Company Details

14.1.6.2. Products

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Key Market Focus & Geographical Presence

14.1.6.5. Recent Developments

14.1.6.6. Key Management Personnel

14.1.7. Revo

14.1.7.1. Company Details

14.1.7.2. Products

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Key Market Focus & Geographical Presence

14.1.7.5. Recent Developments

14.1.7.6. Key Management Personnel

14.1.8. Fielmann AG

14.1.8.1. Company Details

14.1.8.2. Products

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Key Market Focus & Geographical Presence

14.1.8.5. Recent Developments

14.1.8.6. Key Management Personnel

14.1.9. Pivothead

14.1.9.1. Company Details

14.1.9.2. Products

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Key Market Focus & Geographical Presence

14.1.9.5. Recent Developments

14.1.9.6. Key Management Personnel

14.1.10. LVMH Group

14.1.10.1. Company Details

14.1.10.2. Products

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Key Market Focus & Geographical Presence

14.1.10.5. Recent Developments

14.1.10.6. Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1. Key Focus Areas

15.2. Target Product Type

15.3. Target Sales Channel

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Sunglasses Market in 2022?

The market size of the Global Sunglasses Market was estimated to be USD 28.6 Billion in 2022.

What are the major drivers for the Global Sunglasses Market?

The major drivers for the Global Sunglasses Market include increasing awareness of UV protection, evolving fashion trends, the digital transformation of retail, sustainability and eco-friendly practices, and the expansion into emerging markets with growing disposable incomes and fashion-conscious consumers.

What are the major trends for the Global Sunglasses Market?

Major trends in the Global Sunglasses Market include the integration of technology in eyewear, a focus on sustainable and eco-friendly practices, customization and personalization, fashion-forward styles with influencer collaborations, the rise of digital retail and augmented reality experiences, and a growing emphasis on wellness with health-centric eyewear addressing blue light concerns.

What are the major challenges for the Global Sunglasses Market?

Major challenges in the Global Sunglasses Market include the prevalence of counterfeit and imitation products, intense competition and market saturation, changing consumer preferences and trends, and the impact of seasonal variations, as sales are concentrated in warmer months, causing revenue fluctuations.

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Parvati Sharma

Account Manager BD

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Press Release

Sunglasses Market to Grow with a CAGR of 6.51% Globally through 2028

Dec, 2023

The global sunglasses market is thriving with diverse styles and technological innovations. Growing consumer awareness of UV protection and fashion trends contributes to the industry''s conti

Sunglasses Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Polarized, Non-polarized), By Sales Channel (Supermarkets and Hypermarkets, Specialty Stores, Online, Others), By Region, By Competition, 2018-2028

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