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Report Overview

The global sports sunglasses market was valued at USD 10.30 Billion in 2023. The market is expected to grow at a CAGR of 3.60% in the forecast period of 2024-2032, to reach a value of USD 14.16 Billion.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Sports Sunglasses Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 10.30
Market Size 2032 USD Billion 14.16
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 3.6%
CAGR 2024-2032 - Market by Region Asia Pacific 4.4%
CAGR 2024-2032 - Market by Country India 4.8%
CAGR 2024-2032 - Market by Country China 4.2%
CAGR 2024-2032 - Market by Application Outdoor Sporting and Traveling 4.0%
CAGR 2024-2032 - Market by Distribution Channel Online 5.1%
Market Share by Country 2023 Canada 3.4%

It is anticipated that the increasing awareness of the health advantages of sporting operations, outdoor games, and physical exercises in the emerging economies, including China and India, will be a favourable factor guiding the industry growth. It is expected that the high demand for fashionable sunglasses or goggles will further drive the industry. Manufacturers of safety equipment are sponsoring national and international events to gain a competitive advantage and increase the feasibility of products, thus, further aiding the sports sunglasses industry.

Sports Sunglasses Market

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Market Segmentation

The industry can be divided on the basis of segments like category, distribution channel, and application.

The industry can be broadly categorised as:

  • Polarized
  • Non-polarized

Sports Sunglasses Market By Segments

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The industry can be differentiated on the basis of its distribution channels into offline and online. The industry can be further classified based on its applications into outdoor sporting and travelling, water sports, ski sports, and others. The EMR report looks into the regional markets for sports sunglasses like Europe, North America, the Middle East and Africa, Latin America, and the Asia Pacific regions.

CAGR 2024-2032 - Market by Region
Asia Pacific 4.4%
Middle East and Africa 4.1%
North America XX%
Europe XX%
Latin America XX%
CAGR 2024-2032 - Market by Country
India 4.8%
China 4.2%
Brazil 3.9%
USA 3.5%
Germany 3.2%
Canada XX%
UK XX%
France 3.0%
Italy XX%
Japan XX%
Australia XX%
Saudi Arabia XX%
Mexico XX%
CAGR 2024-2032 - Market by Application
Outdoor Sporting and Traveling 4.0%
Water Sports 3.8%
Ski Sports XX%
Others XX%
CAGR 2024-2032 - Market by Distribution Channel
Online 5.1%
Offline XX%

Market Analysis

The sports sunglasses industry is being driven by as an increase in the disposable income of customers, as a result of which they seek branded, well-designed and high-quality products. Customers prefer to replace sports sunglasses frequently which providing further impetus for the industry growth. Sport products have witnessed an increasing adoption rate over the previous few years based on variables such as knowledge of physical fitness, adventure experiences, and skills and ability growth. The increased participation in sporting operations such as running, cycling, mountain biking, hiking, skiing, and backpacking has resulted in an increase in demand for recreational clothing and facilities, thereby facilitating the development of the sports sunglasses industry.

Sports Sunglasses Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global sports sunglasses industry, looking into their competitive landscape, capacity, and latest developments like plant turnarounds, capacity expansions, and mergers and acquisitions:

  • Luxottica Group SpA
  • Nike, Inc.
  • Adidas AG
  • Carl Zeiss AG
  • Decathlon S.A.
  • Zoggs International Ltd 
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Category
  • Distribution Channel
  • Application
  • Region
Breakup by Category
  • Polarized
  • Non-Polarized
Breakup by Distribution Channel
  • Offline
  • Online
Breakup by Application
  • Outdoor Sporting and Traveling
  • Water Sports
  • Ski Sports
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Luxottica Group PIVA
  • Nike, Inc.
  • Adidas AG
  • Carl Zeiss AG
  • Decathlon S.A.
  • Zoggs International Ltd.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global sports sunglasses market attained a value of USD 10.30 Billion in 2023.

The global sports sunglasses market is likely to grow at a CAGR of 3.60% during the forecast period of 2024-2032.

The major drivers of the market include the increasing understanding of the health benefits of sports activities, outdoor games, and physical workouts in developing economies, rapidly adopting physically active lifestyles, increasing preference for premium-quality and branded sportswear, and the strong demand for trendy shades or goggles.

The increase in the disposable income of customers and increased participation in sporting operations are the key trends driving the market growth.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major categories of the product include polarized and non-polarized.

The distribution channels in the market can be divided into offline and online channels.

The product finds applications in outdoor sporting and traveling, water sports, and ski sports, among others.

The key players in the market are Luxottica Group PIVA , Nike, Inc., Adidas AG, Carl Zeiss AG, Decathlon S.A., and Zoggs International Ltd., among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124