Global Sports Sunglasses Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Polarized and Non-Polarized), Gender (Male, Female and Unisex), Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Brand Outlets and Online Sales Channel) and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Industry Analysis from 2024 to 2029

Updated On: June, 2024
ID: 11295
Pages: 175

Global Sports Sunglasses Market Size (2024 to 2029)

The global sports sunglasses market is expected to grow at a CAGR of 4.7% from 2024 to 2029 and the global market size is expected to be worth USD 4.28 billion by 2029 from USD 3.40 billion in 2024.

MARKET DRIVERS

The growing number of sports stores owing to the surge in the trend of sports apparel and equipment is primarily driving the growth of the sports sunglasses market.

Factors such as consumer acceptance of various types of eyewear, and inclusive sports eyewear, are propelling the sports sunglasses market growth. The rising consumer awareness about the added benefits offered by wearing sports eyewear while engaged in physical activities compared to standard eyewear products is promoting the growth of the market of sports sunglasses across the globe.

The rising consumer disposable income in which they seek branded, well-designed, and quality products is also a major driving factor that helps the growth of the market of sports sunglasses across all regions. An increase in preference for maintaining luxury living by retaining high-end commodities is further fuelling the growth rate of the sports sunglasses market.

MARKET RESTRAINTS

The low penetration rate for various types of sports eyewear is one of the major restraints affecting the growth of the market of sports sunglasses. Competition from various major companies is another major restraint that is affecting the growth of the sports sunglasses market.

Impact of COVID-19 on the global sports sunglasses market

Coronavirus has impacted every sector in unprecedented ways due to the strict lockdown imposed by the government authorities from their respective countries all around the world as we all are aware due to the lockdown, companies are forced to halt their manufacturing units for a period to eradicate the spread of coronavirus as it was spreading at a rapid speed from one person to another. This situation may continue until the vaccine for the coronavirus has been released. As per the report, the market of Sports Sunglasses is expected to increase the revenue rate much further owing to the increasing demand for Sports Sunglasses across the world due to the rapid increase in participation in sports and healthy lifestyle trends as well as a rise in the number of people entering the global workforce are some of the major factors which propel the growth of the market of Sports Sunglasses in the coming years.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

4.7%

Segments Covered

By Type, Gender, Distribution Channels and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Market Leaders Profiled

Yiwu Conchen Glasses Co., Ltd., Decathlon SA, Under Armour, Inc., Titan Company Limited, Liberty Sports, Inc., Adidas AG (Adidas), Luxottica, PUMA SE, Nike, Inc., and Taizhou Baiyu Eyewear Co., Ltd.

 

SEGMENTAL ANALYSIS

Global Sports Sunglasses Market By Type

The polarized type products segment holds the major share of the market as these are available with progressive lenses and photochromic lenses, which help to reduce the harmful impact of UVA rays and UVB rays. The nonpolarized sports sunglasses segment is expected to increase its market value during the forecast period.

Global Sports Sunglasses Market By Gender

Among these segments, the male segment holds the major share of the market since the availability of male sports sunglasses with round and transparent lenses and tinted lenses helps the market to grow.

Global Sports Sunglasses Market By Distribution Channel

The hypermarket and supermarket distribution channel segment hold the major share of the market owing to the availability of a broad range of consumer goods under a single roof as well as the provision of ample parking space and convenient operation timings propels the growth of the market.

REGIONAL ANALYSIS

North America region is expected to hold the dominant market for Sports Sunglasses during the forecast period. 

North America region holds the major share of the market of Sports Sunglasses owing to the increasing number of sports enthusiasts and professionals for golf, running, tennis, cycling, snow sports, water sports, cricket, etc.

Asia Pacific region is expected to increase the market of Sports Sunglasses owing to the rapid increase in participation in sports and healthy lifestyle trends as well as a rise in the number of people entering the global workforce.

The Europe region is expected to increase the market for Sports Sunglasses during the forecast period followed by the North America region and the Asia Pacific region.

KEY MARKET PLAYERS

Some of the notable companies operating in the global sports sunglasses market include Yiwu Conchen Glasses Co., Ltd., Decathlon SA, Under Armour, Inc., Titan Company Limited, Liberty Sports, Inc., Adidas AG (Adidas), Luxottica, PUMA SE, Nike, Inc., and Taizhou Baiyu Eyewear Co., Ltd

DETAILED SEGMENTATION OF THE GLOBAL SPORTS SUNGLASSES MARKET INCLUDED IN THIS REPORT

This research report on the global sports sunglasses market has been segmented and sub-segmented based on type, gender, distribution channel, and region.

By Type

  • Polarized
  • Non-polarized

By Gender

  • Male
  • Female
  • Unisex

By Distribution Channel

  • Hypermarkets
  • Supermarkets
  • Specialty Stores
  • Brand Outlets
  • Online Sales Channel

By Region

  • North America
  • Europe 
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

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Frequently Asked Questions

What is the current size of the global sports sunglasses market?

The global sports sunglasses market is expected to be valued at USD 3.25 bn in 2023.

Which regions contribute the most to the global sports sunglasses market share?

Regions such as North America, Europe, and Asia-Pacific are major contributors to the global sports sunglasses market share, with a strong presence of both established and emerging sports eyewear markets.

What factors are driving the growth of the global sports sunglasses market?

The growth of the global sports sunglasses market is driven by factors such as increased awareness of eye protection in sports, rising participation in outdoor activities, and advancements in lens technology.

Who are the major players in the global sports sunglasses market?

Yiwu Conchen Glasses Co., Ltd., Decathlon SA, Under Armour, Inc., Titan Company Limited, Liberty Sports, Inc., Adidas AG (Adidas), Luxottica, PUMA SE, Nike, Inc., and Taizhou Baiyu Eyewear Co., Ltd. are some of the major players in the global sports sunglasses market. 

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