Global Sunglasses Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Sunglasses Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product Type (Polarized, and Non-polarized), End User (Men, Women, and Unisex), Distribution Channel (Offline Retail Stores, and Online Retail Stores), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Sunglasses Market was valued at USD 25,660.9 million in 2023 and is expected to reach USD 41,521.0 million by 2031 while growing at a CAGR of 6.2% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global sunglasses market growth. Sunglasses shield the eyes from harmful UV radiation and intense light, featuring lenses treated to block UV rays. Beyond UV protection, they also minimize glare and enhance visual comfort in bright conditions.
Changing fashion trends, a focus on personal style, and growing awareness of UV protection propel the sunglasses market's growth. Despite these factors, market expansion may face hindrances due to changing consumer preferences and the presence of counterfeit products.
Furthermore, the global sunglasses industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Type Analysis
The Global Sunglasses Market is segmented among Polarized, and Non-polarized, based on product type. In 2023, Non-polarized accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By End User Analysis
The Global Sunglasses Market is segmented among Men, Women, and Unisex, based on End User. In 2023, Women accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Sunglasses Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are EssilorLuxottica SA, Safilo Group S.p.A., LVMH Moët Hennessy Louis Vuitton, Fielmann AG, Marcolin SpA, De Rigo Vision S.p.A., Fosun International Limited, Revo Holdings, LLC, Kering, VSP Global, and Julbo SA.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Sunglasses Market Dynamics
Drivers
Restraints
Opportunity
4. Global Sunglasses Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Sunglasses Market Segmentation, By Product Type
Global Sunglasses Market Share Analysis, By Product Type
Global Sunglasses Market Growth Analysis, By Product Type
Global Sunglasses Market Trends, By Product Type
o Polarized
o Non-polarized
6. Global Sunglasses Market Segmentation, By End User
Global Sunglasses Market Share Analysis, By End User
Global Sunglasses Market Growth Analysis, By End User
Global Sunglasses Market Trends, By End User
o Men
o Women
o Unisex
7. Global Sunglasses Market Segmentation, By Distribution Channel
Global Sunglasses Market Share Analysis, By Distribution Channel
Global Sunglasses Market Growth Analysis, By Distribution Channel
Global Sunglasses Market Trends, By Distribution Channel
o Offline Retail Stores
o Online Retail Stores
8. Global Sunglasses Market Segmentation, By Region
Global Sunglasses Market Share Analysis, By Region
Global Sunglasses Market Growth Analysis, By Region
Global Sunglasses Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
EssilorLuxottica SA*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Safilo Group S.p.A.
LVMH Moët Hennessy Louis Vuitton
Fielmann AG
Marcolin SpA
De Rigo Vision S.p.A.
Fosun International Limited
Revo Holdings, LLC
Kering
VSP Global
Julbo SA
*Similar analysis will be provided for each company listed above.
