Global Sports Eyewear Market Overview
Sports Eyewear Market Size was valued at USD 8,897.3 million in 2022. The Sports Eyewear market industry is projected to grow from 2023 to USD 13,745.9 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.40% during the forecast period (2023 - 2032).The consistent demand for sports eyewear driven by the rising awareness of eye protection, innovations in lens technology and global embrace of an active lifestyle. Additionally, as buyers seek out products which correspond with their lifestyle choices. The global sport eyewear market has witnessed a transformative shift in recent years, driven significantly by the rising awareness of the paramount importance of eye protection among athletes and sports enthusiasts. This awareness marks a crucial inflection point in the industry, elevating sports eyewear from being merely a performance-enhancing accessory to a fundamental element of athlete safety and well-being.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sports Eyewear Market Trends
- Raising awareness of eye protection
The global sport eyewear market has witnessed a transformative shift in recent years, driven significantly by the rising awareness of the paramount importance of eye protection among athletes and sports enthusiasts. This awareness marks a crucial inflection point in the industry, elevating sports eyewear from being merely a performance-enhancing accessory to a fundamental element of athlete safety and well-being. Historically, sports eyewear was primarily associated with vision correction and enhanced visual acuity, catering to athletes seeking a competitive edge in their respective sports. However, as the understanding of the vulnerability of the eyes to potential injuries during sports activities deepened, a paradigm shift occurred in consumer attitudes towards sports eyewear. Athletes and enthusiasts alike began recognizing the need for eyewear that not only optimized their visual performance but also provided robust protection against the myriad hazards encountered in various sporting environments. The realization that the eyes are particularly susceptible to injuries from impact, debris, and harmful ultraviolet (UV) rays prompted a significant uptick in the demand for sports eyewear designed with safety at its core. Athletes engaging in high-impact sports such as cycling, skiing, or racquet sports, where the risk of ocular injuries is heightened, became increasingly conscientious of the need for specialized eyewear that could act as a reliable shield. Manufacturers responded to this paradigm shift by reimagining the role of sports eyewear in the athlete's toolkit. The integration of advanced materials emerged as a pivotal strategy to address safety concerns comprehensively. Polycarbonate and Trivex, known for their exceptional impact resistance, became the materials of choice for lens construction. These materials not only provided athletes with clear vision but also offered a crucial protective barrier, significantly reducing the risk of injuries during high-velocity and high-impact sports. Hence, the growing sports injuries associated while playing various types of sports is a major factor increasing the demand for sports eyewear in the upcoming years. As a part of this, according to the American Academy of Ophthalmology (AAO) reports that sports and recreational activities account for approximately 40% of all eye injuries sustained annually.
Moreover, the emphasis on eye safety fueled innovations in lens design, ensuring that sports eyewear met and exceeded the stringent requirements of athletes and outdoor enthusiasts. Lens technologies evolved to offer not just optical clarity but also enhanced protection against potential hazards. Anti-scratch coatings became standard features, preserving the integrity of the lens surface amidst the rigors of intense physical activity. Anti-fog coatings addressed a common challenge faced by athletes during fluctuating temperatures and varying humidity levels, ensuring that athletes maintained clear vision even in challenging environmental conditions. UV protection emerged as a non-negotiable aspect of sports eyewear design. Athletes, whether engaged in outdoor sports or rigorous training sessions, are exposed to harmful UV rays that can contribute to eye damage over time. The integration of UV protection in sports eyewear became a fundamental feature, underscoring the commitment of the industry to safeguarding the long-term ocular health of athletes. The awareness of the vulnerability of the eyes to potential injuries prompted a broader discourse on eye safety within the sporting community. Sports organizations, coaches, and healthcare professionals actively promoted the adoption of sports eyewear as an integral part of an athlete's protective gear. The message resonated not only with professional athletes but also with amateurs and enthusiasts participating in recreational sports.
Sports Eyewear Market Segment Insights
Sports Eyewear Type Insights
The Sports Eyewear Market based on type is segmented into sunglasses, eyeglasses, googles, contact lenses and spectacles. The sunglasses held a significant share in the market at 43.84% in 2022 and are likely to register a CAGR of 4.74% during the forecast period. In the dynamic landscape of the Sports Eyewear market, sunglasses play a pivotal role, offering both functional benefits and aesthetic appeal to athletes and sports enthusiasts worldwide. Designed with precision and tailored to meet the unique demands of various sports, these sunglasses have evolved beyond mere accessories into indispensable gear that enhances performance and safeguards vision. One prominent type of sunglasses in the Sports Eyewear market is polarized sunglasses. Polarized lenses effectively reduce glare from reflective surfaces, such as water and snow, providing athletes with improved visibility and clarity during outdoor activities. This type of eyewear is particularly popular in water sports, skiing, and other high-glare environments.
Figure 1: Sports Eyewear Market, by Type, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sports Eyewear Price Range Insights
The Sports Eyewear Market based on price range is segmented into classic/mass and premium. The classic/mass held a significant market share of 61.47% in 2022 and is expected to create a USD 8,677.2 million by 2032. In the sports eyewear market, the Classic/Massin price range segment plays a pivotal role in steering the global industry. This segment is characterized by its affordability and accessibility, making sports eyewear available to a broader consumer base. The Classic/Massin price range segment encompasses products that strike a balance between quality and cost-effectiveness, appealing to a wide demographic of sports enthusiasts. This market segment's driving force lies in its ability to democratize access to sports eyewear, allowing individuals with varying budget constraints to participate in activities requiring specialized eyewear. The affordability of products within this segment makes them particularly attractive to consumers seeking reliable sports eyewear solutions without the premium price tag. As a result, the Classic/Massin price range segment contributes significantly to the widespread adoption of sports eyewear on a global scale.
Figure 2: Sports Eyewear Market, by price range, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sports Eyewear Application Insights
The Sports Eyewear Market based on application has been bifurcated into outdoor sports & travelling, water sports, ski sports and others. The outdoor sports & travelling held a significant share in the market with an overall share of 62.15% in 2022, while the others segment is anticipated to grow at a CAGR of 4.25% during the forecast period. The Outdoor Sports & Traveling application segment stands as a significant driving force in the expansive realm of the Sports Eyewear Market. This segment caters to a diverse range of outdoor activities, including but not limited to hiking, biking, mountaineering, skiing, and various forms of adventure sports. What sets this application segment apart is its unique set of requirements, combining performance, durability, and protection to meet the challenges posed by different environments and activities.
Figure 3: Sports Eyewear Market, by Application, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sports Eyewear End User Insights
The Sports Eyewear Market based on end users has been segmented into men, women, kids and unisex. The men segment held the largest market share of 39.08% in 2022 and is expected to create a 5,489.2 million by 2032. The Men end-user segment in the sports eyewear market stands as a formidable driving force, significantly shaping the global industry landscape. Its influence is profound, extending beyond mere market share statistics to impact product design, marketing strategies, and overall market dynamics. The prominence of the Men end-user segment underscores the pivotal role men play in fueling the demand for sports eyewear worldwide.
Figure 4: Sports Eyewear Market, by end user, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sports Eyewear Distribution Channel Insights
The Sports Eyewear Market based on distribution channels has been classified into store-based and non-store based. The store-based segment held a significant share owing to the increased preference among the consumers to purchase from supermarkets & hypermarkets which in turn is driving the growth of the segment at a CAGR of 3.59% during the 2023-2032 period. In the distribution channel segment of sports eyewear, the store-based approach plays a pivotal role in steering the global market. This strategy involves the physical presence of products in brick-and-mortar establishments, ranging from specialized sports retailers to department stores. The tangible and interactive nature of store-based distribution contributes significantly to the dynamics of the sports eyewear market.
Figure 5: Sports Eyewear Market, by distribution channel, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sports Eyewear Regional Insights
By Region, the study segments the market into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Europe region held a largest market share of 31.74% at a CAGR of 4.40% during the 2023-2032 period. The Europe sports eyewear market is undergoing a substantial surge in growth, driven by a confluence of factors that include a heightened emphasis on sports participation, increasing awareness of eye protection, and continuous advancements in eyewear technology. This dynamic market caters to a diverse range of sports enthusiasts, offering specialized eyewear solutions designed to enhance both performance and safety. The North America sports eyewear market has witnessed significant growth, with a surge in demand for specialized eyewear designed to enhance athletic performance and provide eye protection during various sports activities. The increasing awareness of the importance of eye safety among athletes has been a key driver for this market. The Asia-Pacific sports eyewear market is experiencing robust growth, fuelled by a combination of increasing sports participation, growing awareness of eye protection, and technological advancements in eyewear design. This dynamic market caters to a diverse range of sports enthusiasts, offering specialized eyewear solutions that enhance both performance and safety. The South America sports eyewear market is experiencing notable growth, driven by a surge in interest and participation in various sports activities across the region. As sports enthusiasts increasingly recognize the importance of eye protection and performance-enhancing eyewear, the market has responded with a diverse range of products tailored to meet the specific needs of athletes engaging in different sports. One of the key factors contributing to the expansion of the sports eyewear market in South America is the rising awareness of eye safety among athletes. The Middle East and Africa sports eyewear market are experiencing a notable surge in growth, propelled by a combination of factors that include a rising interest in sports participation, a growing awareness of eye protection, and continuous advancements in eyewear technology. This evolving market caters to a diverse array of sports enthusiasts, offering specialized eyewear solutions designed to enhance both performance and safety.
Figure 6: Sports Eyewear Market, by region, 2022 & 2032 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sports Eyewear Key Market Players & Competitive Insights
The Sports Eyewear Market is projected to register a CAGR of 4.40% during the forecast period. The sports eyewear market is characterized by intense competition among key industry players striving to meet the diverse needs of athletes and sports enthusiasts. Established competitors continually invest in research and development to innovate and introduce advanced technologies in lenses and frames, ensuring optimal performance and protection. The established players operating in the Sports Eyewear Market are constantly allocating substantial resources towards several initiatives for research and development, which are aimed to push the boundaries of invention and launch pioneering technologies associated with frames and lenses. This persistent recreation of progression is driven by a shared dedication to improving functioning and guaranteeing the utmost protection for the users during various sports and fitness activities. Moreover, in the dynamic market, the companies are not only vying to fulfill but also to surpass the expectations of the consumer, that is further leveraging technological innovations to provide products that offer supreme functionality, resilience, and coziness. Apart from that, based on shifting consumer preferences companies have also integrated AI in eyewear products in the luxurious products category owing to the increasing premiumization trend among the population. The surge in disposable income across the developing nations has enabled the costumers to pay extra prices for their comfort and luxury. These are the major dynamics that have enabled the players operating in the global eyewear products market to introduce such products to gain an upper hand among the rivals.
Key Companies in the Sports Eyewear market include
- Nike, Inc. (US)
- EssilorLuxottica (France)
- Adidas AG (Germany)
- Carl Zeiss AG (Germany)
- MYKITA GmbH (Germany)
- Under Armour Inc. (US)
- HEAD Sport GmbH (Australia)
- Speedo International (US)
- Prohero Group Co., Ltd. (China)
- Rudy Project (Italy)
- Safilo Group (Italy)
Sports Eyewear Industry Developments
February 2024: MYKITA GmbH launched MARFA sunglasses at Georgia bar.
January 2024: EssilorLuxottica integrated technology in glasses. These new launches made by the company focused on the people having mild- to moderate-hearing problems.
Sports Eyewear Market Segmentation:
Sports Eyewear Type Outlook
- Sunglasses
- Eyeglasses
- Googles
- Contact Lenses
- Spectacles
Sports Eyewear Price Range Outlook
Sports Eyewear Application Outlook
- Outdoor Sports & Travelling
- Water Sports
- Ski Sports
- Others
Sports Eyewear End User Outlook
Sports Eyewear Distribution Channel Outlook
- Store-Based
- Non-Store Based
Sports Eyewear Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia & New Zealand
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC Countries
- Turkey
- Southern Africa
- Rest of Middle east & Africa
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Report Attribute/Metric
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Details
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Market Size 2022
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USD 8,897.3 million
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Market Size 2032
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USD 13,745.9 million
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Compound Annual Growth Rate (CAGR)
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4.40% (2023-2032)
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Base Year
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2022
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Forecast Period
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2023-2032
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Historical Data
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2018-2021
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Forecast Units
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Value (USD Million)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Segments Covered
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Type, Price Range, Application, End User, Distribution Channel, Region
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Geographies Covered
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North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Countries Covered
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The U.S, Canada, Mexico, Germany, France, UK, Spain, Italy, China, India, Japan, South Korea, Australia & New Zealand, Brazil, Argentina, GCC Countries, and Turkey
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Key Companies Profiled
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Nike, Inc. (US), EssilorLuxottica (France), Adidas AG (Germany), Carl Zeiss AG (Germany), MYKITA GmbH (Germany), Under Armour Inc. (US), HEAD Sport GmbH (Australia), Speedo International (US), Prohero Group Co., Ltd. (China), Rudy Project (Italy), Safilo Group (Italy) among others.
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Key Market Opportunities
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ยทย ย ย ย ย ย Rising emphasis on sustainable and eco-friendly materials.
ยทย ย ย ย ย ย Integration of smart technologies and wearable connectivity.
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Key Market Dynamics
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ยทย ย ย ย ย ย Rising awareness of eye protection.
ยทย ย ย ย ย ย Innovations in lens technology.
ยทย ย ย ย ย ย Global embrace of an active lifestyle.
ยทย ย ย ย ย ย High cost of technologically advanced eyewear.
ยทย ย ย ย ย ย Limited consumer awareness and education.
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Frequently Asked Questions (FAQ) :
The Sports Eyewear market accounted for USD 8,897.3 million.
Rising awareness of eye protection, innovations in lens technology, and the global embrace of an active lifestyle, are the key driving factor for the Sports Eyewear market.
The growth rate of the Sports Eyewear market is 4.40% CAGR.
Europe region held the largest market share in the Sports Eyewear market.
Nike, Inc. (US), EssilorLuxottica (France), Adidas AG (Germany), Carl Zeiss AG (Germany), MYKITA GmbH (Germany), Under Armour Inc. (US), HEAD Sport GmbH (Australia), Speedo International (US), Prohero Group Co., Ltd. (China), Rudy Project (Italy), Safilo Group (Italy) among others, are the key players in the Sports Eyewear market.
Outdoor sports & travelling Sports Eyewear application led the Sports Eyewear market.
