Sports Sunglasses Market Size was valued at USD 3.6 Billion in 2022. The Sports Sunglasses industry is projected to grow from USD 3.8 Billion in 2023 to USD 6.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032). Increased participation in sports-related activities and advanced technology are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for sports sunglasses is driven by the rising participation in sports-related activities. Customers are quickly embracing physically active lives that include sports and other leisure activities due to growing health consciousness to reduce their risk of chronic illness.
Additionally, the general public's growing awareness of the importance of safety when participating in outdoor sports drives expansion. Sports sunglasses have hydrophobic and scratch-resistant coatings that protect liquids from the lenses and shield them from impact. The number of individuals joining the global workforce is increasing, and a sizable portion of this population is increasingly inclined to view sports and fitness as recreational pursuits, which is again consistent with shifting lifestyle preferences. Due to growing awareness of fitness and health, people are participating in various sports, including tennis, badminton, cycling, running, and cricket.
Manufacturers are always coming up with new ideas, and sports sunglasses have evolved to become more technologically advanced. Furthermore, modern lenses are made of lightweight, shatter-resistant polycarbonate and nylon materials to improve comfort and give players better coverage and protection. The market for sports sunglasses is expected to develop due to the availability of polarized lenses, which lessen the damaging effects of UVA and UVB light.
For instance, according to the Sports & Fitness Industry Association (SFIA), in 2022, 236.9 million people (more than 76% of the population) in the US participated in at least one activity. As a result, it is anticipated that demand for sports sunglasses will increase throughout the projection period due to the rising participation in sports activities. Thus driving the Sports Sunglasses market revenue.
The Sports Sunglasses Market segmentation, based on type, includes polarized and non-polarized. The polarized segment dominated the market, accounting for the maximum market revenue due to the vertical light holes. The only light beams that can get through such holes are aimed straight at the eyes. The sunglasses block the horizontal light rays that bounce off a shiny car hood or a smooth pond. When polarized lenses are used, this filtering results in an image that is slightly darker than usual. On the other hand, details are easier to see, and things appear crisper and sharper when using polarized lenses. Users of polarized sunglasses often report feeling less exhausted than usual after fighting sun glare for hours.
The Sports Sunglasses Market segmentation, based on gender, includes male, female, and unisex. The male category generated the most income due to the accessibility of male sports sunglasses with translucent & round lenses and tinted lenses.
The Sports Sunglasses Market segmentation, based on distribution channel, includes Hypermarket/Supermarket, Specialty Store, Brand Outlets, And Online Sales Channel. The hypermarket/supermarket category generated the most income due to the broad range of consumer goods are available under one roof, facility of sufficient parking space, and appropriate operation timings.
Figure 1: Sports Sunglasses Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Sports Sunglasses market area will dominate this market, owing to rising demand for sports activities. In addition, the growing demand for protective sunglasses to shield's player's eyes from harmful UVB and UVA rays will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SPORTS SUNGLASSES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Sports Sunglasses market accounts for the second-largest market share due to stakeholders' prominence on the latest technology. Further, the German Sports Sunglasses market held the largest market share, and the UK Sports Sunglasses market was the fastest-growing market in the European region.
The Asia-Pacific Sports Sunglasses Market is expected to grow at the fastest CAGR from 2023 to 2032 due to a number of international sports occasions organized in the area. Moreover, China's Sports Sunglasses market held the largest market share, and the Indian Sports Sunglasses market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Sports Sunglasses market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Sports Sunglasses industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Sports Sunglasses industry to benefit clients and increase the market sector. In recent years, the Sports Sunglasses industry has offered some of the most significant advantages to sports. Major players in the Sports Sunglasses market, including Essilorluxottica, Puma SE, Nike, Inc., Addidas AG, Under Armour, Inc., Liberty Sport, Inc., Safilo Group SPA, YIWU Conchen Glasses Co. Ltd., Decathlon SA, Titan Company Limited, and others, are attempting to increase market demand by investing in research and development operations.
The JD Group is one of the world's top omnichannel retailers of sports Eyewear fashion and outdoor brands, having started with just one store in the North West of England in 1981. The Group is well-represented in the UK, Europe, North America, and Asia-Pacific, with over 3,400 outlets across 38 nations. By connecting with the worldwide sports, music, and fashion cultures, JD aims to inspire the next generation of globally minded consumers. Maintain a continuous leadership position in the global retail experience through best-in-class operations, integrated consumer experiences, and the distinctive introduction of the most genuine brands to the marketplace. The company thinks it's important to apply its competitive and entrepreneurial spirit to improve the world around us and its financial performance. JD Group aims to act morally towards its customers, coworkers, and communities. View its most recent report on governance, social issues, and the environment here. In February 2023, JD Sports, a British sports fashion trade firm, declared its plans to spend 3 billion pounds to open 1,750 stores in the next five years. The company intends to open between 250 and 350 new retail sports stores annually. In this growth plan, the firm emphasizes adding new stores in the US, France, Italy, Germany, and Spain markets.
Established in 2017 at the Plaoma Beach Club in the South of France, Christopher Cloos is a Danish eyewear brand rapidly growing and establishing itself as one of the fastest-growing in the Scandinavian region. The brand was introduced to the public following an iconic meeting with a charismatic man from Monaco. By infusing the principles of the South of France into their products and graphics, the Danish company consistently reminds themselves and their audience about their initial meeting with Christopher Cloos through timeless and minimalistic designs with a modern touch. The company has ensured that every aspect of the client experience, from product to packaging, is of the highest calibre after searching the world for the finest materials. The brand has collaborated with several ambassadors, such as seven-time Super Bowl champion Tom Brady, who developed his biodegradable frames featuring blue light spectacles, prescription lenses and sunglasses. In June 2022, The Cloos-Brooksby line of eyewear was introduced by renowned eyewear manufacturer Christopher Cloos. Sunglasses and blue light glasses for tennis are part of the range.
Sports Sunglasses Industry Developments
January 2023: POC, a Swedish manufacturer, has unveiled the newest addition to its expanding line of bicycle sunglasses. With a valid cause, the Propel is dubbed the greatest cycling sunglasses from POC, joining the Devour, Elicit, and Aspire. Using a special lens and temple design, they have been aerodynamically tuned using computational fluid dynamic testing (CFD) to minimize drag and optimize airflow around the rider and their body posture.
December 2022: A London-based critical cycling team and the British eyewear company SunGod introduced the Vulcanz sunglasses or Tekkerz Vulcanz. The model has hydrophilic nose pads, ear socks, an ultraviolet light memory polymer frame, and a photochromic lens.
February 2021: The Adidas Group introduced a line of sports eyeglasses. The spectacles' lightweight, impact-resistant TR90 injection-moulded frames are composed of plastic. The product provides the player with scratch-resistant lenses and visual augmentation of the surrounding light, colour, and contrast.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.6 Billion |
| Market Size 2023 | USD 3.8 Billion |
| Market Size 2032 | USD 6.7 Billion |
| Compound Annual Growth Rate (CAGR) | 7.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Gender, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Essilorluxottica, Puma SE, Nike Inc., Addidas AG, Under Armour, Inc., Liberty Sport, Inc., Safilo Group SPA, YIWU Conchen Glasses Co. Ltd., Decathlon SA, Titan Company Limited |
| Key Market Opportunities | Technological advancement |
| Key Market Dynamics | Increasing participation in sports-related activities |
Frequently Asked Questions (FAQ) :
The Sports Sunglasses Market size was valued at USD 3.6 Billion in 2022.
The global market is projected to grow at a CAGR of 7.20% during the forecast period, 2023-2032.
North America had the largest share of the global market
The key players in the market are Essilorluxottica, Puma SE, Nike, Inc., Addidas AG, Under Armour, Inc., Liberty Sport, Inc., Safilo Group SPA, YIWU Conchen Glasses Co. Ltd., Decathlon SA, and Titan Company Limited.
The polarized category dominated the market in 2022.
The hypermarket/supermarket had the largest share of the global market.
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