Global Sports Sunglasses Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Sports Sunglasses Market is segmented by type into Polarized and Non-Polarized, by Category into Men's Sports Sunglasses, Women's Sports Sunglasses and Unisex Sports Sunglasses; by Distribution Channel into Offline Retail Channel and Online Retail Channel; by Geography.

Market Snapshot

Sports Sunglasses Market Size
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3.5 %
Sports Sunglasses Market Major Players

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Market Overview

Global sports sunglasses market is projected to grow at a CAGR of 3.5% during the forecast period.

  • Key factors driving the market studied, such as a rise in consumers’ disposable incomes, owing to which they seek branded, well-designed, and quality products, consumers preference toward replacing sports sunglasses, along with the increase in preference toward maintaining a luxury living that also speaks about “societal status” by retaining high-end commodities. Such factors are anticipated to shape the market studied in the near future.
  • 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.

 

Scope of the Report

Global Sports Sunglasses Market is segmented by type into polarized and non-polarized. On the basis of distribution channel the market is segmented into offline retail channel and online retail channel. The geographical analysis of major regions are also included in the report.

By Category
Polarized
Non-polarized
By Distribution Channel
Offline Retail Channel
Online Retail Channel
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of the World
South America
Middle East and Africa

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Key Market Trends

Increasing Participation In Sports And Healthy Lifestyle Trends

There is a rise in the number of people entering the global workforce, and a significant share among them is more likely to embrace sports and fitness as a part of recreational activities, which is again, aligned with the altering lifestyle preferences. Endurance sports have also paved a strong ground for enthusiasts to grab the varieties in sports accessories, thereby, positively driving the sports sunglasses sales worldwide. The rate of participation in outdoor activities, such as the United Kingdom’s first open water 10K event, Heliskiing across Canada, Tour de France, and Ironman 70.3 Pays d’Aix, have scaled over the past few years. Along with it, brands, such as Persol, Mr. Leight, Prada Linea Rossa, and Cartier, are facilitating consumers with latest designs in the sports sunglasses market, specifically targeting the skiing and winter sports enthusiasts.

Sports Sunglasses Market Share

North America Dominates the Global Market

Sports enthusiasts and professionals for golf, running, cycling, tennis, water sports, snow sports, cricket, etc., need sunglasses that protect their eyes. Hence, the demand for sports sunglasses is high in the North American region.  EssilorLuxottica is a major player of the US sports sunglasses market, with brands, like Oakley that provides a wide range of products with superior quality. Sportspersons prefer wearing sunglasses, as it controls sunlight.  The demand for safety is enhancing the demand for sports sunglasses. The companies manufacturing sports sunglasses in the United States are increasing their brand visibility, by hiring popular sportspersons to endorse their brands. 

Sports Sunglasses Market Analysis

Competitive Landscape

Global sports sunglasses market is a highly fragmented market and comprises of regional and international competitors. The market is dominated by players EssilorLuxottica, Nike Inc., Bugaboss Eyewear Corporation, Liberty Sport Inc., Safilo Group SpA, and Under Armour Inc. The leading players in the sports sunglasses market enjoy a dominant presence worldwide. These players focus to leverage opportunities posed by emerging markets to expand their product portfolio, thus they can cater to the requirements for various sports, especially for aerial and snowboarding sports. Companies compete on different factors, including product offerings, material, design, price, functionality, and marketing activities, in order to gain the competitive advantage in the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Category

      1. 5.1.1 Polarized

      2. 5.1.2 Non-polarized

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offline Retail Channel

      2. 5.2.2 Online Retail Channel

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Nike Inc.

      2. 6.4.2 Adidas Group

      3. 6.4.3 Decathlon Group

      4. 6.4.4 Under Armour Inc.

      5. 6.4.5 Safilo Group SpA

      6. 6.4.6 EssilorLuxottica Group

      7. 6.4.7 Columbia Sportswear Company

      8. 6.4.8 Rudy Project SpA

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Global Sports Sunglasses Market market is studied from 2016 - 2026.

The Global Sports Sunglasses Market is growing at a CAGR of 3.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Nike Inc., Adidas Group, Decathlon SA, Under Armour Inc., Safilo Group SpA are the major companies operating in Global Sports Sunglasses Market.

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