The sunglasses market will witness significant demand in the next few years. The growing popularity of various types of eyewear would drive the market growth. Market Research Future (MRFR) asserts that the global sunglasses market is estimated to escalate from USD 40,378.10 MN in 2022 to USD 66,853.34 MN by 2030, growing at a 6.14% CAGR during the review period (2023-2030).

The growing sunglasses market demand is attributed to the rising disposable incomes and availability of various branded, well-designed, and quality eyewear. Also, the growing sales of sports sunglasses & high-end commodities and the increasing preference toward a luxury lifestyle substantiate the sunglasses market size.

Besides, increasing sports, tourism, and recreational activities and consumers’ engagement in outdoor activities accelerate sunglasses market shares. People are increasingly demanding eyewear made of handmade and sustainable materials. The sunglasses industry is booming, with smart eyewear witnessing growing demand. Industry players are increasingly focusing on developing smart sunglasses.

Recently, Just Corseca launched its series of audio sunglasses, Skyraptop, which can stream music while protecting the eyes. These smart sunglasses have built-in open-ear speakers that wirelessly sync to smartphones to deliver music while protecting eyes from the sun’s harsh rays. 

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Sunglasses Market – Segments

The market report is segmented into product types, categories, genders, distribution channels, and regions. The product type segment is sub-segmented into polarized and non-polarized. The category segment is sub-segmented into sports and multifunctional. The gender segment is sub-segmented into men, women, and unisex. 

The distribution channel segment is sub-segmented into supermarkets & hypermarkets, specialty stores, and online. By region, the sunglasses market is segmented into the Americas, Asia-Pacific, MEA, Europe, and the rest of the world. 

Sunglasses Market – Regional Analysis

Globally, North America accounts for the largest sunglasses market share. The presence of several sunglass manufacturers, such as Allure Eyewear, Eyeking Eyewear, Shwod, and American Optical, drives the market growth. The US is the key market for sunglasses, witnessing increasing eye health concerns and ocular disease cases. Simultaneously, the Canadian sunglasses market is projected to register a 6.24% CAGR from 2023 to 2030. 

Sunglasses Market – Competitive Analysis 

Highly competitive, the global sunglasses market appears fragmented, with the presence of several well-established players. Players incorporate mergers & acquisitions, collaboration, expansion, and product & technology launch strategies to gain a larger competitive advantage. 

Major Players

Leading sunglasses market players include Safilo Group S.P.A (Italy), EssilorLuxottica (France), LVMH (France), Marcolin SPA (Italy), Fielmann AG (Germany), De Rigo SPA (Italy), Adidas (Germany), NIKE, Inc. (US), Under Armou, Inc. (US), and Decathlon (France), among others.  

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Industry/ Innovation/ Related News

Sep. 28, 2023 – Popticals, a leading sunglass manufacturer in the US, launched a new sunglass. The new premium sunglasses combine exceptional quality and patented portability, focusing on individuality & leading active and engaged lives. Popticals has incorporated artisanal Italian frame design, NYDEF nylon-based lenses from Carl Zeiss Vision, and patented FL2 Micro-Rail System technology that provides unique collapsibility for easy and secure portability when not in use.

Popticals is adding new value to premium sunglasses by making them more convenient and durable. Popticals sunglasses provide a diverse lineup of distinctively convenient premium eyewear for active lives, combining exceptional quality and unique, patented portability. In addition to sunglasses, Popticals provides lens & frame technology and tech spec services. Its products are available online. 

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