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Sunglasses Market Report by Type (Non-polarized, Polarized), Design (Round, Aviator/Pilot, Rectangle, Square, Oval, Cat Eye, and Others), Frame Material (Injected, Acetate, Metal, and Others), Lens Material (Polycarbonate, CR-39, Polyurethane, and Others), Distribution Channel (Offline, Online), End User (Men, Women, Unisex), and Region 2024-2032
Market Report I 2024-03-02 I 139 Pages I IMARC Group
The global sunglasses market size reached US$ 38.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 57.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
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 2024-2032. 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 Moet 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 2023?
2. What is the expected growth rate of the global sunglasses market during 2024-2032?
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 Moet 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
Figure 1: Global: Sunglasses Market: Major Drivers and Challenges
Figure 2: Global: Sunglasses Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Sunglasses Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Sunglasses Market: Breakup by Type (in %), 2023
Figure 5: Global: Sunglasses Market: Breakup by Design (in %), 2023
Figure 6: Global: Sunglasses Market: Breakup by Frame Material (in %), 2023
Figure 7: Global: Sunglasses Market: Breakup by Lens Material (in %), 2023
Figure 8: Global: Sunglasses Market: Breakup by Distribution Channel (in %), 2023
Figure 9: Global: Sunglasses Market: Breakup by End User (in %), 2023
Figure 10: Global: Sunglasses Market: Breakup by Region (in %), 2023
Figure 11: Global: Sunglasses (Non-polarized) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Sunglasses (Non-polarized) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Sunglasses (Polarized) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Sunglasses (Polarized) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Sunglasses (Round) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Sunglasses (Round) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Sunglasses (Aviator/Pilot) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Sunglasses (Aviator/Pilot) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Sunglasses (Rectangle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Sunglasses (Rectangle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Sunglasses (Square) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Sunglasses (Square) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Sunglasses (Oval) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Sunglasses (Oval) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Sunglasses (Cat Eye) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Sunglasses (Cat Eye) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Sunglasses (Other Designs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Sunglasses (Other Designs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Sunglasses (Injected) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Sunglasses (Injected) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Sunglasses (Acetate) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Sunglasses (Acetate) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Sunglasses (Metal) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Sunglasses (Metal) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Sunglasses (Other Frame Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Sunglasses (Other Frame Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Sunglasses (Polycarbonate) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Sunglasses (Polycarbonate) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Sunglasses (CR-39) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Sunglasses (CR-39) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Sunglasses (Polyurethane) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Sunglasses (Polyurethane) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Global: Sunglasses (Other Lens Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Global: Sunglasses (Other Lens Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Global: Sunglasses (Offline) Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Global: Sunglasses (Offline) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Global: Sunglasses (Online) Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Global: Sunglasses (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Global: Sunglasses (Men) Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Global: Sunglasses (Men) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Global: Sunglasses (Women) Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Global: Sunglasses (Women) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Global: Sunglasses (Unisex) Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Global: Sunglasses (Unisex) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: North America: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: North America: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: United States: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: United States: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Canada: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Canada: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Asia-Pacific: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Asia-Pacific: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: China: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: China: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Japan: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Japan: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: India: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: India: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: South Korea: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: South Korea: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Australia: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Australia: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Indonesia: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Indonesia: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Europe: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Europe: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Germany: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Germany: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: France: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: France: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: United Kingdom: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: United Kingdom: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Italy: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Italy: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Spain: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Spain: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Russia: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 90: Russia: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Others: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 92: Others: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Latin America: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 94: Latin America: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 95: Brazil: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 96: Brazil: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 97: Mexico: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 98: Mexico: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 99: Others: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 100: Others: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 101: Middle East and Africa: Sunglasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 102: Middle East and Africa: Sunglasses Market: Breakup by Country (in %), 2023
Figure 103: Middle East and Africa: Sunglasses Market Forecast: Sales Value (in Million US$), 2024-2032
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
Table 1: Global: Sunglasses Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Sunglasses Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Sunglasses Market Forecast: Breakup by Design (in Million US$), 2024-2032
Table 4: Global: Sunglasses Market Forecast: Breakup by Frame Material (in Million US$), 2024-2032
Table 5: Global: Sunglasses Market Forecast: Breakup by Lens Material (in Million US$), 2024-2032
Table 6: Global: Sunglasses Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 7: Global: Sunglasses Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 8: Global: Sunglasses Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 9: Global: Sunglasses Market: Competitive Structure
Table 10: Global: Sunglasses Market: Key Players
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