The new report from Expert Market Research titled, ‘Global Sports Sunglasses Market Report and Forecast 2023-2028’, provides an in-depth analysis of the global world. Market demand for sports sunglassesevaluating the market based on its segments such as category, distribution channels, applications and key regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
Highlights of the report include:
Market Overview (2018-2028)
- Historic market size (2022): $9.9 billion
- Forecast CAGR (2023-2028): 3.7% (Global Sports Eyewear Industry)
One of the major factors driving the growth of the market is the increasing engagement in sports activities worldwide. Consumer acceptance of various types of eyewear, which includes sports eyewear, is driving market growth. Consumers are rapidly embracing physically active lifestyles that include sports and other recreational activities in order to reduce the chance of developing chronic diseases as a result of increased health awareness.
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The market is growing as people become more aware of the importance of being safe when participating in outdoor sports. Sports products have witnessed an increasing rate of adoption over the previous years based on variables such as fitness knowledge, adventure experiences, skills and skill enhancement. Increasing participation in sports operations such as running, cycling, mountain biking, hiking, skiing, and backpacking has resulted in an increase in demand for recreational apparel and equipment, thus facilitating the development of the sports sunglasses industry.
Sports Sunglasses Industry Definition and Key Segments
Sports sunglasses are customized protective eyewear for outdoor sports that improve visibility and comfort. They reduce the amount of time the eyes are exposed to bright, high-energy sunlight in order to avoid eye pain or damage. Lenses are made of glass or plastic and are coated with ultraviolet (UV) blockers and impact-resistant coatings to minimize glare and improve contrast, allowing for better visibility in the field. They come in polarized and non-polarized versions, as well as tinted and non-tinted lenses, and are suitable for everyday use.
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The industry can be broadly categorized as:
The industry can be differentiated based on its distribution channels into:
Market application sectors include:
- Outdoor sports and travel
- Water sports
- Ski sports
On the basis of region, the industry is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Sports Sunglasses Market Trends
Hydrophobic and scratch-resistant coatings on sports sunglasses protect the lenses from impacts and repel liquids. Several product improvements, such as the introduction of shatter-resistant and lightweight polycarbonate and nylon variants, are driving the expansion. These new variations give the wearer more comfort, protection and coverage. There is an increase in the number of sports shops due to the growing trend of sports clothing and equipment. Proliferation of online shopping platforms and growing collaborations with sports celebrities to attract a wider consumer base are also fueling market growth. Other factors including rising disposable income of consumers along with growing preference for premium quality, branded sportswear and increased government investment in sports such as Olympics, Cricket World Cups, FIFA and others , are expected to drive the market towards growth.
Major market players
Key players in the market are Luxottica Group SpA, Nike, Inc., Adidas AG, Carl Zeiss AG, Decathlon SA and Zoggs International Ltd, among others. The report covers market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other recent developments of these market players.
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