The latest research study “Sunglasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that 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 refer to the eyewear designed to protect the eyes from bright sunlight and high-energy light that can cause damage and discomfort. They are made using various lens materials, such as glass, plastic, and carbon fiber. Sunglasses come in polarized and non-polarized variants, with tinted and non-tinted lenses, making them suitable for everyday use. Polarized lenses are specifically crafted to filter out light and reduce brightness from reflective or intense surfaces, while non-polarized lenses help diminish light intensity. In addition to this, sunglasses are crafted in several designs, including round, aviator/pilot, square, oval, rectangle, cat eye, etc. As a result, this eyewear is extensively utilized by men, women, and children and is available via online or offline distribution channels.  

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Sunglasses Market Trends and Drivers:

The increasing product utilization for outdoor activities to shield against ultraviolet (UV) rays and the emerging trend of gifting unique items, including eyewear packaged in innovative formats, are primarily driving the sunglasses market. Besides this, the rising participation of individuals in sports and recreational activities, the growing consumer health consciousness, and the inflating purchasing power are further augmenting the market growth. Moreover, the introduction of new sunglass variants by the leading manufacturers with several features, such as anti-glare, anti-fog properties, magnetic clip-ons, and customizable nose pads that can be personalized as prescription glasses with convex or concave lenses to accommodate individual vision needs, is also catalyzing the global market. Apart from this, the high reliance on online tutorials, influencer-driven social media campaigns, celebrity endorsements, and reviews boosted the sales of eyewear and create brand awareness among consumers, which are acting as significant growth-inducing factors. Furthermore, the expanding number of label stores and e-commerce websites offering unique variants in various shapes and designs are expected to bolster the sunglasses market in the coming years. 

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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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