Market Overview:
The global sunglasses market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing awareness about eye health, rising disposable income, and changing fashion trends. In terms of type, the glass sunglasses segment is expected to hold a major share in the global sunglasses market during the forecast period. This can be attributed to their high quality and durability as compared to other types of sunglasses available in the market. In terms of application, young adults are expected to hold a major share in the global sunglasses market during 2018-2030 owing to their growing demand for fashionable and stylish eyewear products.
Product Definition:
sunglasses are a type of eyewear that usually protect the eyes from the sun's rays.
Glass Sunglasses:
Glass Sunglasses are eyewear made up of glass. They protect the eye from harmful ultraviolet (UV) rays that can cause skin damage and vision loss. Glass sunglasses were initially designed for use by men, however women have also adopted them in large numbers over the past few years.
CR-39 Sunglasses:
CR-39 or Allyl diglycol carbonate is a type of plastic that is manufactured by the polymerization of glycolic acid. It has been used as a raw material for the production of eyeglass lenses and as an intermediate in manufacturing contact lenses. CR-39 based sunglasses are lightweight, flexible, and comfortable to wear which increases their demand among consumers looking for fashionable eyewear products.
Application Insights:
Adults application segment led the global market with a revenue share of over 60% in 2017. The rising number of older population across the world has created a huge demand for mature and vintage-styled glasses. According to the United Nations, currently, there are more than 7 billion people in the world, which is expected to reach 8 billion by 2050. This growth factor has increased demand for adult-sized sunglasses which can be used by seniors as well as young adults.
The young adults application segment is expected to witness significant growth over forecast period owing to increasing use of social media platforms and growing popularity of hip hop culture across the globe. Rising trend towards online shopping due to hectic work life coupled with easy accessorization have increased preference for online purchasing from China where Sunglass Hut is one among their many stores selling affordable products under USD 50 (INR 200).
Sunglasses are considered an essential product that every individual should own including kids.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing disposable income, rising popularity of sunglasses among young adults, and expansion of manufacturing facilities by key players in this region. In addition, high demand for stylish sunglasses from emerging countries such as India and China is anticipated to drive industry growth over the forecast period.
North America accounted for a significant share owing to strong presence of fashion retailers that cater specifically towards young consumers who are increasingly adopting fashionable accessories including glasses.
Growth Factors:
- Increasing awareness about the harmful effects of UV radiation on human health is driving the demand for sunglasses.
- Growing popularity of outdoor activities, such as hiking, cycling, and skiing is also propelling the growth of sunglasses market.
- Rising disposable income of consumers in developing countries is providing a major impetus to the growth of sunglasses market.
- The increasing trend of using designer and fashion sunglasses is also contributing to the growth of this market.
- Technological advancements in sunglass lens manufacturing are resulting in better quality products that are appealing to consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Sunglasses Market Research Report
By Type
Glass Sunglasses, CR-39 Sunglasses, Polycarbonate Sunglasses, Polyurethane Sunglasses, Others
By Application
Young Adults, Adults, Mature Adults, Seniors
By Companies
Essilor International S.A., Safilo S.p.A., Kering, De Rigo S.p.A., Marcolin S.p.A., Prada, LVMH, Richemont, Essilor, Maui Jim Inc., Nike Inc., Adidas, KAENON, Carl Zeiss, Formosa Optical, Fielmann AG, Charmant, Outdo, Futis, Silhouette
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Sunglasses Market Report Segments:
The global Sunglasses market is segmented on the basis of:
Types
Glass Sunglasses, CR-39 Sunglasses, Polycarbonate Sunglasses, Polyurethane Sunglasses, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Young Adults, Adults, Mature Adults, Seniors
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Essilor International S.A.
- Safilo S.p.A.
- Kering
- De Rigo S.p.A.
- Marcolin S.p.A.
- Prada
- LVMH
- Richemont
- Essilor
- Maui Jim Inc.
- Nike Inc.
- Adidas
- KAENON
- Carl Zeiss
- Formosa Optical
- Fielmann AG
- Charmant
- Outdo
- Futis
- Silhouette
Highlights of The Sunglasses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Sunglasses
- CR-39 Sunglasses
- Polycarbonate Sunglasses
- Polyurethane Sunglasses
- Others
- By Application:
- Young Adults
- Adults
- Mature Adults
- Seniors
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sunglasses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sunglasses are a type of eyewear that protect your eyes from the sun.
Some of the major companies in the sunglasses market are Essilor International S.A., Safilo S.p.A., Kering, De Rigo S.p.A., Marcolin S.p.A., Prada, LVMH, Richemont, Essilor, Maui Jim Inc., Nike Inc., Adidas, KAENON, Carl Zeiss, Formosa Optical, Fielmann AG, Charmant, Outdo, Futis, Silhouette.
The sunglasses market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sunglasses Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sunglasses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sunglasses Market - Supply Chain
4.5. Global Sunglasses Market Forecast
4.5.1. Sunglasses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sunglasses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sunglasses Market Absolute $ Opportunity
5. Global Sunglasses Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sunglasses Market Size and Volume Forecast by Type
5.3.1. Glass Sunglasses
5.3.2. CR-39 Sunglasses
5.3.3. Polycarbonate Sunglasses
5.3.4. Polyurethane Sunglasses
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sunglasses Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sunglasses Market Size and Volume Forecast by Application
6.3.1. Young Adults
6.3.2. Adults
6.3.3. Mature Adults
6.3.4. Seniors
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sunglasses Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sunglasses Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sunglasses Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sunglasses Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sunglasses Demand Share Forecast, 2019-2026
9. North America Sunglasses Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sunglasses Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sunglasses Market Size and Volume Forecast by Application
9.4.1. Young Adults
9.4.2. Adults
9.4.3. Mature Adults
9.4.4. Seniors
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sunglasses Market Size and Volume Forecast by Type
9.7.1. Glass Sunglasses
9.7.2. CR-39 Sunglasses
9.7.3. Polycarbonate Sunglasses
9.7.4. Polyurethane Sunglasses
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sunglasses Demand Share Forecast, 2019-2026
10. Latin America Sunglasses Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sunglasses Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sunglasses Market Size and Volume Forecast by Application
10.4.1. Young Adults
10.4.2. Adults
10.4.3. Mature Adults
10.4.4. Seniors
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sunglasses Market Size and Volume Forecast by Type
10.7.1. Glass Sunglasses
10.7.2. CR-39 Sunglasses
10.7.3. Polycarbonate Sunglasses
10.7.4. Polyurethane Sunglasses
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sunglasses Demand Share Forecast, 2019-2026
11. Europe Sunglasses Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sunglasses Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sunglasses Market Size and Volume Forecast by Application
11.4.1. Young Adults
11.4.2. Adults
11.4.3. Mature Adults
11.4.4. Seniors
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sunglasses Market Size and Volume Forecast by Type
11.7.1. Glass Sunglasses
11.7.2. CR-39 Sunglasses
11.7.3. Polycarbonate Sunglasses
11.7.4. Polyurethane Sunglasses
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
119. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sunglasses Demand Share, 2019-2026
12. Asia Pacific Sunglasses Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sunglasses Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sunglasses Market Size and Volume Forecast by Application
12.4.1. Young Adults
12.4.2. Adults
12.4.3. Mature Adults
12.4.4. Seniors
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sunglasses Market Size and Volume Forecast by Type
12.7.1. Glass Sunglasses
12.7.2. CR-39 Sunglasses
12.7.3. Polycarbonate Sunglasses
12.7.4. Polyurethane Sunglasses
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sunglasses Demand Share, 2019-2026
13. Middle East & Africa Sunglasses Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sunglasses Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sunglasses Market Size and Volume Forecast by Application
13.4.1. Young Adults
13.4.2. Adults
13.4.3. Mature Adults
13.4.4. Seniors
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sunglasses Market Size and Volume Forecast by Type
13.7.1. Glass Sunglasses
13.7.2. CR-39 Sunglasses
13.7.3. Polycarbonate Sunglasses
13.7.4. Polyurethane Sunglasses
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sunglasses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sunglasses Market: Market Share Analysis
14.2. Sunglasses Distributors and Customers
14.3. Sunglasses Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Essilor International S.A.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Safilo S.p.A.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kering
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. De Rigo S.p.A.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Marcolin S.p.A.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Prada
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LVMH
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Richemont
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Essilor
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Maui Jim Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nike Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Adidas
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. KAENON
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Carl Zeiss
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Formosa Optical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Fielmann AG
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Charmant
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Outdo
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Futis
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Silhouette
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook