Sunglasses Market 2023: Predicted to Achieve US$ 49.3 Billion Revenue by 2028

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 specialized eyewear designed to shield the eyes from intense sunlight and high-energy light, which can be harmful and uncomfortable. They come in various styles, including round, aviator, square, rectangle, oval, cat eye, and more. These sunglasses are crafted from different lens materials such as glass, plastic, and carbon fiber, and are typically available in both polarized and non-polarized versions. They effectively block out light, reduce glare from reflective surfaces, and alleviate dry eye issues. Additionally, sunglasses can lower the risk of cataracts and provide relief from headaches and migraines. As a result, they enjoy strong demand from consumers worldwide.

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Sunglasses Market Trends and Drivers:

The expanding usage of sunglasses during outdoor activities to control exposure to ultraviolet (UV) rays is primarily driving the sunglasses market. Additionally, the shifting preference toward premium-quality products and the increasing participation of individuals in sports-related and recreational activities are also positively influencing the global market. Apart from this, the introduction of novel products by leading market players that are incorporated with anti-fog, anti-glare, magnetic clip-ons, and customizable nose pads is acting as another significant growth-inducing factor. Moreover, the emerging trend of personalized products employing concave or convex lenses according to the eye power of the person and the growing number of brand stores and e-commerce channels offering unique sunglasses in numerous shapes and designs are further propelling the market growth. Besides this, the inflating expenditure by various brands on social media campaigns and influencers and celebrity endorsements to enhance overall sales and generate brand awareness among the masses is expected to propel the sunglasses market over the forecasted period.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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.
• Titan Company Limited.

The report has been segmented the market into following categories:

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

By Geography:

• 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

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This release was published on openPR.