Global Sports Sunglasses Market Report and Forecast 2023-2028

Global Sports Sunglasses Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global sports sunglasses market reached a value of USD 9.9 billion in 2022. Aided by the rising global participation in outdoor sports and the expanding awareness regarding the importance of proper eyewear, the market is projected to further grow at a CAGR of 3.7% between 2023 and 2028 to reach a value of USD 12.2 billion by 2028.

Sports sunglasses are designed not just to protect the eyes from the sun's harmful UV rays, but also to enhance visual clarity, reduce glare, and ensure safety during various sporting and recreational activities. From cycling and running to baseball and water sports, these sunglasses are crucial for athletes and enthusiasts, ensuring optimal performance by providing clearer vision and minimising potential eye hazards.

As per the sports sunglasses market analysis, the increasing emphasis on the importance of protective eyewear during sports activities is propelling the market growth. With the escalating number of individuals engaging in outdoor sports, the demand for sunglasses that offer maximum protection while ensuring comfort and style has surged. Enhanced by innovative technologies, these sunglasses come with features such as anti-fogging, water-resistance, and shatter-proof lenses.

The growing health-conscious populace and the upward trend of outdoor recreational activities have amplified the need for sports sunglasses. As more individuals recognise the potential risks of UV exposure and the challenges of varying light conditions during outdoor sports, the requirement for high-quality sports sunglasses has elevated.

Furthermore, advancements in lens technology and frame material have added momentum to the sports sunglasses market growth. Polarised lenses, which significantly reduce glare, are now a common feature in many sports sunglasses, providing a clearer view, especially in water sports and activities with variable lighting conditions. Materials like TR90, known for their lightweight and durability, have revolutionised frame designs, providing athletes with comfort without compromising protection.

Beyond the functionality, the fashion aspect of sports sunglasses cannot be overlooked. Leading brands collaborate with athletes and designers to craft trendy designs that appeal to both professional athletes and the general public. This blend of style and function has extended the consumer base, with sports sunglasses becoming an accessory of choice even for non-athletic outdoor activities.

The role of endorsements and marketing campaigns in boosting the sports sunglasses market demand is also significant. Top athletes, by showcasing and endorsing particular brands or models, influence consumer choices, driving brand loyalty and product sales. Additionally, brands are investing in research and development to introduce sunglasses that cater to specific sport’s needs, further personalising and enhancing the consumer experience.

Digital transformation, especially the rise of e-commerce, has played a pivotal role in the market's expansion. With the convenience of online shopping, consumers now have access to a plethora of options from different brands worldwide. User reviews, product specifications, and virtual try-on features make the online shopping experience more engaging and informed, fostering growth in the digital sales segment of sports sunglasses.

Market Segmentation

The market can be divided based on category, distribution channel, application, and region.

Market Breakup by Category

• Polarised
• Non-Polarised

Market Breakup by Distribution Channel

• Offline
• Online

Market Breakup by Application

• Outdoor Sporting and Traveling
• Water Sports
• Ski Sports
• Others

Market Breakup by Region

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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sports sunglasses market. Some of the major players explored in the report by Expert Market Research are as follows:

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

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.