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The total revenue for the sunglasses industry in 2022 was predicted to be $40,378.15 million. The global sunglasses market is expected to increase from USD 41,500.69 million in 2023 to USD 66,853.39 million by 2030, representing a CAGR of 7.14% between 2023 and 2030. The increasing number of people who need cataract surgery and new products from industry leaders are pushing the market forward.
The rise in disposable income among consumers has been largely attributable to the effect of the fashion industry on product sales. In addition, demand is being bolstered by consumers' increasing fondness for name-brand eyewear. Branded and luxury sunglasses command a higher price tag, but buyers are eager to shell it out so they can make a fashion statement all their own. Manufacturers are also introducing sunglasses in a wider range of styles, colors, and forms to appeal to a wider range of customers.
Women's economic empowerment has a salutary effect on the eyewear industry. This has led to a rise in the number of women buying prescription glasses, which is helping to propel the market forward. The proliferation of internet ads and celebrity endorsements are helping drive the demand for high-end sunglasses. Manufacturers also spend heavily on advertising these goods in the hopes of gaining a larger customer base.
Many people consider sunglasses to be an expensive accessory. Within the market for high-end accessories, sunglasses have shown spectacular growth over the past decade. Sunglasses not only look cool, but they serve practical purposes as well. Sunglasses' primary function is to shield the eyes from the sun's glare. Twenty percent of cataract cases are attributed to sun exposure, said the National Eye Institute. Sunglasses shield the eyes from the sun's glare and protect them from the sun's harmful ultraviolet radiation (UVA and UVB). The worldwide sunglasses industry is growing rapidly due to rising consumer knowledge about the importance of eye protection and rising disposable income. Sunglasses are expected to increase at a healthy rate during the forecast period, thanks in large part to the increasing desire for attractive accessories among the world's youth population.
The global eyeglasses industry was hit hard by the COVID-19 pandemic, which disrupted production and slowed down delivery. Everyone was quarantined inside their homes to prevent the disease from spreading further. The government's strict regulations on social isolation and complete lockdowns had caused massive losses for market vendors. During the lockout, no stores carrying popular brands were open for business. In the aftermath of COVID, however, we can anticipate a V-shaped recovery. Sunglasses sales would likely increase if a select number of vaccinations produced by big economies were approved. In addition, it is expected that the pandemic would cause an increase in internet sales in the future years. Market leaders are investing heavily in their online storefronts to better serve their customers. The global eyeglasses business has a bright future if it can digitize its supply lines.
Sunglasses have become increasingly popular due to a number of factors, including the large number of people who suffer from cataracts and the growing benefits provided by sunglasses, such as protection from ultraviolet light and polarized lenses that further reduce the intense glare projected by surfaces like water and pavement. Cataracts, a clouding of the lens of the eye, impair vision. Cataracts are a degenerative eye disease that can damage both eyes or just one over time. symptoms include blurred vision, a loss of color contrast, sensitivity to light, halos surrounding lights, and trouble seeing in the dark. It could make everyday tasks like driving, reading, or recognizing people more difficult. Cataracts are most often caused by aging, although they can also arise from trauma or radiation exposure, be present at birth, or form following treatment for another eye condition.
Tobacco usage, prolonged sun exposure, alcohol consumption, and diabetes are all contributors. The accumulation of protein or yellow-brown pigment clumps in the lens is a primary mechanism, as they reduce the amount of light reaching the retina at the back of the eye. The diagnosis is made through an examination of the eyes. The World Health Organization (WHO) reports, for instance, that cataracts are the leading cause of blindness worldwide. About half of all occurrences of blindness are brought on by cataracts. Twenty million people, give or take. The National Eye Institute has estimated that 24.4% of all adults aged 40 and up in the United States have cataracts. Cataracts affect about half of all U.S. residents aged 75 and up. As a result, the increasing prevalence of cataracts and consumers' growing knowledge of the health benefits of sunglasses should both contribute to the expansion of this industry.
Report Coverage
Global Sunglasses research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sunglasses report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sunglasses competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sunglasses market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sunglasses market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sunglasses market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
De Rigo (Italy), Essilor (France), Fielmann (Germany), JEANNE LANVIN SA (France), LVMH (France), Marchon Eyewear, Inc. (U.S.), Marcolin SpA. (Italy), Maui Jim, Inc. (Hawaii), Safilo Group S.p.A. (Italy), Alexander McQueen Trading Limited (U.K.), Michael Kors (US), Pivothead (U.S.), Specsavers (France), Titan Company limited (India), CHARMANT USA, Inc. (U.S.), De Rigo Vision S.p.A. (Italy), XIAMEN ASA SUNGLASSES CO., LTD. (China)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sunglasses market based on the below-mentioned segments:
Global Sunglasses Market, By DESIGN
Aviator/Pilot
Rectangle
Round
Square
Oval
Cat Eye
Others
Global Sunglasses market, By FRAME MATERIAL
Acetate
Metal
Injected
Others
Global Sunglasses Market, By Distribution Channel
SUPERMARKET AND HYPERMARKET
SPECIALTY STORE
CONVENIENCE STORE
Online Sales Channel
Global Sunglasses market, Regional Analysis
The rise in disposable income among consumers has been largely attributable to the effect of the fashion industry on product sales. In addition, demand is being bolstered by consumers' increasing fondness for name-brand eyewear. Branded and luxury sunglasses command a higher price tag, but buyers are eager to shell it out so they can make a fashion statement all their own. Manufacturers are also introducing sunglasses in a wider range of styles, colors, and forms to appeal to a wider range of customers.
Women's economic empowerment has a salutary effect on the eyewear industry. This has led to a rise in the number of women buying prescription glasses, which is helping to propel the market forward. The proliferation of internet ads and celebrity endorsements are helping drive the demand for high-end sunglasses. Manufacturers also spend heavily on advertising these goods in the hopes of gaining a larger customer base.
Many people consider sunglasses to be an expensive accessory. Within the market for high-end accessories, sunglasses have shown spectacular growth over the past decade. Sunglasses not only look cool, but they serve practical purposes as well. Sunglasses' primary function is to shield the eyes from the sun's glare. Twenty percent of cataract cases are attributed to sun exposure, said the National Eye Institute. Sunglasses shield the eyes from the sun's glare and protect them from the sun's harmful ultraviolet radiation (UVA and UVB). The worldwide sunglasses industry is growing rapidly due to rising consumer knowledge about the importance of eye protection and rising disposable income. Sunglasses are expected to increase at a healthy rate during the forecast period, thanks in large part to the increasing desire for attractive accessories among the world's youth population.
The global eyeglasses industry was hit hard by the COVID-19 pandemic, which disrupted production and slowed down delivery. Everyone was quarantined inside their homes to prevent the disease from spreading further. The government's strict regulations on social isolation and complete lockdowns had caused massive losses for market vendors. During the lockout, no stores carrying popular brands were open for business. In the aftermath of COVID, however, we can anticipate a V-shaped recovery. Sunglasses sales would likely increase if a select number of vaccinations produced by big economies were approved. In addition, it is expected that the pandemic would cause an increase in internet sales in the future years. Market leaders are investing heavily in their online storefronts to better serve their customers. The global eyeglasses business has a bright future if it can digitize its supply lines.
Sunglasses have become increasingly popular due to a number of factors, including the large number of people who suffer from cataracts and the growing benefits provided by sunglasses, such as protection from ultraviolet light and polarized lenses that further reduce the intense glare projected by surfaces like water and pavement. Cataracts, a clouding of the lens of the eye, impair vision. Cataracts are a degenerative eye disease that can damage both eyes or just one over time. symptoms include blurred vision, a loss of color contrast, sensitivity to light, halos surrounding lights, and trouble seeing in the dark. It could make everyday tasks like driving, reading, or recognizing people more difficult. Cataracts are most often caused by aging, although they can also arise from trauma or radiation exposure, be present at birth, or form following treatment for another eye condition.
Tobacco usage, prolonged sun exposure, alcohol consumption, and diabetes are all contributors. The accumulation of protein or yellow-brown pigment clumps in the lens is a primary mechanism, as they reduce the amount of light reaching the retina at the back of the eye. The diagnosis is made through an examination of the eyes. The World Health Organization (WHO) reports, for instance, that cataracts are the leading cause of blindness worldwide. About half of all occurrences of blindness are brought on by cataracts. Twenty million people, give or take. The National Eye Institute has estimated that 24.4% of all adults aged 40 and up in the United States have cataracts. Cataracts affect about half of all U.S. residents aged 75 and up. As a result, the increasing prevalence of cataracts and consumers' growing knowledge of the health benefits of sunglasses should both contribute to the expansion of this industry.
Report Coverage
Global Sunglasses research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sunglasses report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sunglasses competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sunglasses market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | De Rigo (Italy), Essilor (France), Fielmann (Germany), JEANNE LANVIN SA (France), LVMH (France), Marchon Eyewear, Inc. (U.S.), Marcolin SpA. (Italy), Maui Jim, Inc. (Hawaii), Safilo Group S.p.A. (Italy), Alexander McQueen Trading Limited (U.K.), Michael Kors (US), Pivothead (U.S.), Specsavers (France), Titan Company limited (India), CHARMANT USA, Inc. (U.S.), De Rigo Vision S.p.A. (Italy), XIAMEN ASA SUNGLASSES CO., LTD. (China) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Sunglasses Market from 2021 to 2030.
- Market Forecast for Sunglasses Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Sunglasses competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Sunglasses
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sunglasses market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sunglasses market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
De Rigo (Italy), Essilor (France), Fielmann (Germany), JEANNE LANVIN SA (France), LVMH (France), Marchon Eyewear, Inc. (U.S.), Marcolin SpA. (Italy), Maui Jim, Inc. (Hawaii), Safilo Group S.p.A. (Italy), Alexander McQueen Trading Limited (U.K.), Michael Kors (US), Pivothead (U.S.), Specsavers (France), Titan Company limited (India), CHARMANT USA, Inc. (U.S.), De Rigo Vision S.p.A. (Italy), XIAMEN ASA SUNGLASSES CO., LTD. (China)
Primary Target Market
- Market Players of Sunglasses
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sunglasses market based on the below-mentioned segments:
Global Sunglasses Market, By DESIGN
Aviator/Pilot
Rectangle
Round
Square
Oval
Cat Eye
Others
Global Sunglasses market, By FRAME MATERIAL
Acetate
Metal
Injected
Others
Global Sunglasses Market, By Distribution Channel
SUPERMARKET AND HYPERMARKET
SPECIALTY STORE
CONVENIENCE STORE
Online Sales Channel
Global Sunglasses market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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