Sports Sunglasses Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sports Sunglasses Market Analysis
The Sports Sunglasses Market is projected to grow at a CAGR of 3.5% over the next five years.
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. Sports sunglasses are designed from very lightweight polycarbonate materials, and the lenses used are made to protect the user from harmful UVA and UVB rays. These sunglasses are made impact resistant for aggressive sports like cycling, swimming, and others. Owing to this, the demand for sports sunglasses among fitness and sports enthusiasts is rising. Additionally, professional players demand their products be branded as well as effective. Different companies sponsor the players with different accessories and collaborate with them to launch their products.
Over the medium term, demand for sports sunglasses is expected to increase due to government initiatives and promotions for different sports. Also, different national and international players are promoting their sports by participating in global competitions like the Olympics due to which the craze for these sports is growing among children and the gen Z population. Owing to this, sports and fitness centers are increasing around the world and demand for sports sunglasses is also increasing. In addition to this, market players are innovating eyewear in order to increase demand and sustainability as well. For instance, in September 2022, POC Sports launched limited edition helmets and eyewear for cycling in collaboration with Team Amani in Africa.
Sports Sunglasses Market Trends
Increasing Participation in Sports
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. People are becoming fitness and health conscious due to which they are joining different types of sports like Tennis, Badminton, Running, Cycling, and Cricket as well. According to Sports, Fitness, and Leisure Activities: SFIA data 2021, 22.62 million people in the United States played Tennis. The fan following of different games is inspiring kids to join sports as well. Due to this, the number of sports centers is also increasing. Additionally, professional players in different sports fields require eye protection from the sun, dirt, and dust due to which the demand for sports sunglasses is growing among them. In January 2023, POC Sports launched Propel, a new eyewear brand for aerodynamic cycling.
North America Dominates the Global Market
The North American market for sports sunglasses is growing owing to increasing sports activities in the region and increasing demand for protective eyewear as well. Sports sunglasses are made from polycarbonate materials that are durable and protects the eyes of the players from harmful UVA and UVB rays of the sun. Additionally, the sunglasses are made with lightweight material that also works as impact resistance and dirt and dust protection as well. Additionally, the market players are innovating new types of sunglasses for all types of sports due to which demand for them in the region is increasing. Increasing investment of the government in different sports and accessories is also driving the market to grow. In November 2021, POC Sports launched new cycling sunglasses, Elicit Clarity. The sunglasses are very lightweight.
Sports Sunglasses Industry Overview
The global sports sunglasses market is a highly fragmented market and comprises regional and international competitors. The market is dominated by players EssilorLuxottica, Nike Inc., Bugaboos 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 of various sports, especially aerial and snowboarding sports. Companies compete on different factors, including product offerings, material, design, price, functionality, and marketing activities, in order to gain a competitive advantage in the market.
Sports Sunglasses Market Leaders
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Nike Inc.
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Adidas Group
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Decathlon SA
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Under Armour Inc.
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Safilo Group SpA
*Disclaimer: Major Players sorted in no particular order
Sports Sunglasses Market News
- In December 2022, a British eyewear brand SunGod collaborated with a London-based crit cycling team to launch Tekkerz Vulcanz, the Vulcanz Sunglasses. The model includes a photochromic lens, ultraviolet light memory polymer frame, and hydrophilic ear socks and nose pads.
- In June 2022, Christopher Cloos, a leading maker of premium eyewear launched its Cloos-Brooksby collection of eyewear. The collection includes blue light glasses and sunglasses used for Tennis sports.
- In February 2021, the Adidas Group launched a sports eyewear collection. The glasses are made with impact-resistant and lightweight TR90 injection molded frames. The product gives the player visual enhancement of surrounding light, color and contrast, and scratch-resistant lenses.
Sports Sunglasses Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Category
5.1.1 Polarized
5.1.2 Non-polarized
5.2 Distribution Channel
5.2.1 Offline Retail Channel
5.2.2 Online Retail Channel
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 South America
5.3.4.2 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nike Inc.
6.3.2 Adidas Group
6.3.3 Decathlon Group
6.3.4 Under Armour Inc.
6.3.5 Safilo Group SpA
6.3.6 EssilorLuxottica Group
6.3.7 Columbia Sportswear Company
6.3.8 Rudy Project SpA
6.3.9 Christopher Cloos
6.3.10 POC SPorts
6.3.11 Panda Optics
- *List Not Exhaustive
Sports Sunglasses Industry Segmentation
Sports sunglasses are protective eyewear used by sports players to protect their eyes from UV rays and dirt and dust while playing. Sports Sunglasses Market is segmented by type into polarized and non-polarized. by distribution channels into offline retail channels and online retail channels, and by geography into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
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| Non-polarized |
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| Offline Retail Channel | |
| Online Retail Channel |
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Sports Sunglasses Market Research FAQs
What is the current Global Sports Sunglasses Market size?
The Global Sports Sunglasses Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Global Sports Sunglasses Market?
Nike Inc., Adidas Group, Decathlon SA, Under Armour Inc. and Safilo Group SpA are the major companies operating in the Global Sports Sunglasses Market.
Which is the fastest growing region in Global Sports Sunglasses Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Sports Sunglasses Market?
In 2024, the North America accounts for the largest market share in Global Sports Sunglasses Market.
What years does this Global Sports Sunglasses Market cover?
The report covers the Global Sports Sunglasses Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Sports Sunglasses Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sports Sunglasses Industry Report
Statistics for the 2024 Sports Sunglasses market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sports Sunglasses analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Sports Sunglasses Market Report Snapshots
