Market Size of Global Sports Sunglasses Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sports Sunglasses Market Analysis
The Sports Sunglasses Market is projected to grow at a CAGR of 3.5% over the next five years.
Over the past few years, sports products have been witnessing a growing adaptation rate based on factors, such as awareness about physical fitness, experiences of adventure, and development of skills and abilities. Sports sunglasses are designed from very lightweight polycarbonate materials, and the lenses used are made to protect the user from harmful UVA and UVB rays. These sunglasses are made impact resistant for aggressive sports like cycling, swimming, and others. Owing to this, the demand for sports sunglasses among fitness and sports enthusiasts is rising. Additionally, professional players demand their products be branded as well as effective. Different companies sponsor the players with different accessories and collaborate with them to launch their products.
Over the medium term, demand for sports sunglasses is expected to increase due to government initiatives and promotions for different sports. Also, different national and international players are promoting their sports by participating in global competitions like the Olympics due to which the craze for these sports is growing among children and the gen Z population. Owing to this, sports and fitness centers are increasing around the world and demand for sports sunglasses is also increasing. In addition to this, market players are innovating eyewear in order to increase demand and sustainability as well. For instance, in September 2022, POC Sports launched limited edition helmets and eyewear for cycling in collaboration with Team Amani in Africa.
Sports Sunglasses Industry Segmentation
Sports sunglasses are protective eyewear used by sports players to protect their eyes from UV rays and dirt and dust while playing. Sports Sunglasses Market is segmented by type into polarized and non-polarized. by distribution channels into offline retail channels and online retail channels, and by geography into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
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Global Sports Sunglasses Market Size Summary
The sports sunglasses market is experiencing a steady growth trajectory, driven by an increasing awareness of physical fitness and the popularity of adventure sports. These sunglasses are specifically designed to be lightweight and impact-resistant, offering protection from harmful UVA and UVB rays, making them ideal for activities such as cycling and swimming. The rising demand among fitness enthusiasts and professional athletes, who seek both branded and effective eyewear, is further propelling market growth. Collaborations between companies and sports personalities, along with government initiatives promoting sports, are also contributing to the market's expansion. The growing participation of children and Gen Z in sports, inspired by global competitions like the Olympics, is boosting the demand for sports sunglasses, as more sports and fitness centers emerge worldwide.
The North American market is particularly robust, fueled by increased sports activities and a rising demand for protective eyewear. The market is characterized by innovation, with companies like POC Sports launching new products to meet the evolving needs of athletes. The global market is highly fragmented, with key players such as EssilorLuxottica, Nike Inc., and Under Armour Inc. dominating the landscape. These companies are expanding their product portfolios to cater to various sports, including aerial and snowboarding sports, by focusing on factors like material, design, and functionality. Collaborations and new product launches, such as SunGod's Tekkerz Vulcanz and Christopher Cloos's Cloos-Brooksby collection, highlight the competitive nature of the market, as brands strive to gain a competitive edge through innovative offerings.
Global Sports Sunglasses Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Category
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2.1.1 Polarized
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2.1.2 Non-polarized
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2.2 Distribution Channel
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2.2.1 Offline Retail Channel
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2.2.2 Online Retail Channel
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 South America
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2.3.4.2 Middle East and Africa
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Global Sports Sunglasses Market Size FAQs
What is the current Global Sports Sunglasses Market size?
The Global Sports Sunglasses Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Global Sports Sunglasses Market?
Nike Inc., Adidas Group, Decathlon SA, Under Armour Inc. and Safilo Group SpA are the major companies operating in the Global Sports Sunglasses Market.
