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Sunglasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 148 pages | ID: SC6F4992A2E3EN
IMARC Group

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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.

Sunglasses Market Trends:
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 sunglasses market 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:

Non-polarized
Polarized

Breakup by Design:

Round
Aviator/Pilot
Rectangle
Square
Oval
Cat Eye
Others

Breakup by Frame Material:

Injected
Acetate
Metal
Others

Breakup by Lens Material:

Polycarbonate
CR-39
Polyurethane
Others

Breakup by Distribution Channel:

Offline
Online

Breakup by End User:

Men
Women
Unisex

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
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 Moлt 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.

Key Questions Answered in This Report

1. What was the size of the global sunglasses market in 2022?
2. What is the expected growth rate of the global sunglasses market during 2023-2028?
3. What are the key factors driving the global sunglasses market?
4. What has been the impact of COVID-19 on the global sunglasses market?
5. What is the breakup of the global sunglasses market based on the type?
6. What is the breakup of the global sunglasses market based on the design?
7. What is the breakup of the global sunglasses market based on the frame material?
8. What is the breakup of the global sunglasses market based on the lens material?
9. What is the breakup of the global sunglasses market based on the distribution channel?
10. What are the key regions in the global sunglasses market?
11. Who are the key players/companies in the global sunglasses market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SUNGLASSES MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Non-polarized
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Polarized
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY DESIGN

7.1 Round
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Aviator/Pilot
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Rectangle
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Square
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Oval
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Cat Eye
  7.6.1 Market Trends
  7.6.2 Market Forecast
7.7 Others
  7.7.1 Market Trends
  7.7.2 Market Forecast

8 MARKET BREAKUP BY FRAME MATERIAL

8.1 Injected
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Acetate
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Metal
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY LENS MATERIAL

9.1 Polycarbonate
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 CR-39
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Polyurethane
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Others
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY DISTRIBUTION CHANNEL

10.1 Offline
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Online
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 MARKET BREAKUP BY END USER

11.1 Men
  11.1.1 Market Trends
  11.1.2 Market Forecast
11.2 Women
  11.2.1 Market Trends
  11.2.2 Market Forecast
11.3 Unisex
  11.3.1 Market Trends
  11.3.2 Market Forecast

12 MARKET BREAKUP BY REGION

12.1 North America
  12.1.1 United States
    12.1.1.1 Market Trends
    12.1.1.2 Market Forecast
  12.1.2 Canada
    12.1.2.1 Market Trends
    12.1.2.2 Market Forecast
12.2 Asia-Pacific
  12.2.1 China
    12.2.1.1 Market Trends
    12.2.1.2 Market Forecast
  12.2.2 Japan
    12.2.2.1 Market Trends
    12.2.2.2 Market Forecast
  12.2.3 India
    12.2.3.1 Market Trends
    12.2.3.2 Market Forecast
  12.2.4 South Korea
    12.2.4.1 Market Trends
    12.2.4.2 Market Forecast
  12.2.5 Australia
    12.2.5.1 Market Trends
    12.2.5.2 Market Forecast
  12.2.6 Indonesia
    12.2.6.1 Market Trends
    12.2.6.2 Market Forecast
  12.2.7 Others
    12.2.7.1 Market Trends
    12.2.7.2 Market Forecast
12.3 Europe
  12.3.1 Germany
    12.3.1.1 Market Trends
    12.3.1.2 Market Forecast
  12.3.2 France
    12.3.2.1 Market Trends
    12.3.2.2 Market Forecast
  12.3.3 United Kingdom
    12.3.3.1 Market Trends
    12.3.3.2 Market Forecast
  12.3.4 Italy
    12.3.4.1 Market Trends
    12.3.4.2 Market Forecast
  12.3.5 Spain
    12.3.5.1 Market Trends
    12.3.5.2 Market Forecast
  12.3.6 Russia
    12.3.6.1 Market Trends
    12.3.6.2 Market Forecast
  12.3.7 Others
    12.3.7.1 Market Trends
    12.3.7.2 Market Forecast
12.4 Latin America
  12.4.1 Brazil
    12.4.1.1 Market Trends
    12.4.1.2 Market Forecast
  12.4.2 Mexico
    12.4.2.1 Market Trends
    12.4.2.2 Market Forecast
  12.4.3 Others
    12.4.3.1 Market Trends
    12.4.3.2 Market Forecast
12.5 Middle East and Africa
  12.5.1 Market Trends
  12.5.2 Market Breakup by Country
  12.5.3 Market Forecast

13 SWOT ANALYSIS

13.1 Overview
13.2 Strengths
13.3 Weaknesses
13.4 Opportunities
13.5 Threats

14 VALUE CHAIN ANALYSIS

15 PORTERS FIVE FORCES ANALYSIS

15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes

16 PRICE ANALYSIS

17 COMPETITIVE LANDSCAPE

17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
  17.3.1 De Rigo Vision S.p.A.
    17.3.1.1 Company Overview
    17.3.1.2 Product Portfolio
  17.3.2 EssilorLuxottica SA
    17.3.2.1 Company Overview
    17.3.2.2 Product Portfolio
    17.3.2.3 Financials
  17.3.3 Eugenia Eyewear Company Ltd.
    17.3.3.1 Company Overview
    17.3.3.2 Product Portfolio
  17.3.4 Fielmann AG
    17.3.4.1 Company Overview
    17.3.4.2 Product Portfolio
    17.3.4.3 Financials
  17.3.5 LVMH Moлt Hennessy Louis Vuitton
    17.3.5.1 Company Overview
    17.3.5.2 Product Portfolio
    17.3.5.3 Financials
    17.3.5.4 SWOT Analysis
  17.3.6 Marchon Eyewear Inc. (Vision Service Plan)
    17.3.6.1 Company Overview
    17.3.6.2 Product Portfolio
  17.3.7 Marcolin SpA
    17.3.7.1 Company Overview
    17.3.7.2 Product Portfolio
  17.3.8 Maui Jim Inc.
    17.3.8.1 Company Overview
    17.3.8.2 Product Portfolio
  17.3.9 Randolph Engineering, Inc.
    17.3.9.1 Company Overview
    17.3.9.2 Product Portfolio
  17.3.10 Safilo Group S.p.A.
    17.3.10.1 Company Overview
    17.3.10.2 Product Portfolio
    17.3.10.3 Financials
    17.3.10.4 SWOT Analysis
  17.3.11 Specsavers Optical Group Ltd.
    17.3.11.1 Company Overview
    17.3.11.2 Product Portfolio
  17.3.12 Titan Company Limited
    17.3.12.1 Company Overview
    17.3.12.2 Product Portfolio
    17.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Sunglasses Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Sunglasses Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Sunglasses Market Forecast: Breakup by Design (in Million US$), 2023-2028
Table 4: Global: Sunglasses Market Forecast: Breakup by Frame Material (in Million US$), 2023-2028
Table 5: Global: Sunglasses Market Forecast: Breakup by Lens Material (in Million US$), 2023-2028
Table 6: Global: Sunglasses Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 7: Global: Sunglasses Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 8: Global: Sunglasses Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 9: Global: Sunglasses Market: Competitive Structure
Table 10: Global: Sunglasses Market: Key Players

LIST OF FIGURES

Figure 1: Global: Sunglasses Market: Major Drivers and Challenges
Figure 2: Global: Sunglasses Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Sunglasses Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Sunglasses Market: Breakup by Type (in %), 2022
Figure 5: Global: Sunglasses Market: Breakup by Design (in %), 2022
Figure 6: Global: Sunglasses Market: Breakup by Frame Material (in %), 2022
Figure 7: Global: Sunglasses Market: Breakup by Lens Material (in %), 2022
Figure 8: Global: Sunglasses Market: Breakup by Distribution Channel (in %), 2022
Figure 9: Global: Sunglasses Market: Breakup by End User (in %), 2022
Figure 10: Global: Sunglasses Market: Breakup by Region (in %), 2022
Figure 11: Global: Sunglasses (Non-polarized) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Sunglasses (Non-polarized) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Sunglasses (Polarized) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Sunglasses (Polarized) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Sunglasses (Round) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Sunglasses (Round) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Sunglasses (Aviator/Pilot) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Sunglasses (Aviator/Pilot) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Sunglasses (Rectangle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Sunglasses (Rectangle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Sunglasses (Square) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Sunglasses (Square) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Sunglasses (Oval) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Sunglasses (Oval) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Sunglasses (Cat Eye) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Sunglasses (Cat Eye) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Sunglasses (Other Designs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Sunglasses (Other Designs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Sunglasses (Injected) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Sunglasses (Injected) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Sunglasses (Acetate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Sunglasses (Acetate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Sunglasses (Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Sunglasses (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Sunglasses (Other Frame Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Sunglasses (Other Frame Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Sunglasses (Polycarbonate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Sunglasses (Polycarbonate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Sunglasses (CR-39) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Sunglasses (CR-39) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Sunglasses (Polyurethane) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Sunglasses (Polyurethane) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Sunglasses (Other Lens Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Sunglasses (Other Lens Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Sunglasses (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Sunglasses (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Sunglasses (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Sunglasses (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Sunglasses (Men) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Sunglasses (Men) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Global: Sunglasses (Women) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Global: Sunglasses (Women) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Global: Sunglasses (Unisex) Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Global: Sunglasses (Unisex) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: North America: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: North America: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: United States: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: United States: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Canada: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Canada: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Asia-Pacific: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Asia-Pacific: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: China: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: China: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Japan: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Japan: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: India: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: India: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: South Korea: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: South Korea: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Australia: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Australia: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Indonesia: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Indonesia: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Europe: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Europe: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Germany: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Germany: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: France: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: France: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: United Kingdom: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: United Kingdom: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Italy: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Italy: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Spain: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Spain: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Russia: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Russia: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Latin America: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Latin America: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Brazil: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Brazil: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Mexico: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: Mexico: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Others: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 100: Others: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 101: Middle East and Africa: Sunglasses Market: Sales Value (in Million US$), 2017 & 2022
Figure 102: Middle East and Africa: Sunglasses Market: Breakup by Country (in %), 2022
Figure 103: Middle East and Africa: Sunglasses Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 104: Global: Sunglasses Industry: SWOT Analysis
Figure 105: Global: Sunglasses Industry: Value Chain Analysis
Figure 106: Global: Sunglasses Industry: Porter's Five Forces Analysis


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