Sunglasses Market Analysis Revealing Key Drivers & Growth Trends through 2024


Sunglasses help safeguard the most important sensory asset – vision. A quality pair of sunglasses is essential for eyes to optimize Visual Performance. Sunglasses reduce the effects of harsh sunlight, decrease eye fatigue, and protect ocular tissues from exposure to harmful solar radiation. Additionally, they protect eyes from impact with objects such as dust, flying debris, sudden decompression, etc. Sunglasses can also aid the dark adaptation process, which is delayed by prolonged exposure to bright sunlight.

According to a recent study report published by the Market Research Future, the global market for Sunglasses is estimated for a striking growth by 2022, in terms of value and volume. Globally the market for Sunglasses is expected to grow with a staggering rate of a CAGR; witnessing a dazzling growth crossing its previous growth records by the end of the forecasted period (2016 – 2022). Sunglasses Market Size is projected to grow with a significant growth rate of 5.16% from 2019 to 2024.

Global Sunglasses Market - Key Players

Major players are investing on internal R&D and, most of all, in acquiring other firms. One of the milestones that have most significantly changed Luxottica’s history has been the acquisition of the Ray Ban brand, previously owned by Bausch and Lomb

In the last decades Luxottica has establish and acquired optical shop and optical shop chains such as Sunglass Hut International, Lens Crafter and OPSM in Australia. This well shows how the vertical integration of the firm operates combining wholesale distribution and retail distribution. This strategy amplifies Luxottica’s competitors; not only the other distributors (Marcolin, Safilo etc.) even small and medium optical shops around the world. Therefore an optical shop will paradoxically be customer of Luxottica and at the same time competitor.

Identified and profiled in the MRFR Analysis some of the key players profiled in sunglasses are as

  • Luxottica (Italy)
  • DE RIGO SPA (Italy)
  • Safilo (Padua)
  • Marcolin( Italy)
  • Gazer eyewear (Greece)
  • Carl Zeiss AG (Germany)
  • Prime Optics Ltd(U.K.)
  • Kyboe (Netherland)
  • Xiamen ASA Sunglasses Co., Ltd (China)
  • Vuerich B(Spain)

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Global Sunglasses Market - Segment

The Sunglasses Market can be segmented in to 6 key dynamics for the convenience of the report and enhanced understanding;

Segmentation On the basis of Type : Comprises Aviator, Browline, Oversized, Shutter Shades, Teashades, Wayfarer, Wrap-Around and others.

Segmentation By Sunglass Polarization : Comprises Polarized, Non-Polarized, Mirrored and others.

Segmentation By Frame Material     : Comprises Pc, Wooden, Acetate, Alloy and others.

Segmentation By Lens Material        : Comprises Acrylic, Resin, Glass and others.

Segmentation By Consumer Group  : Comprises Women, Men, and Children.

Segmentation On the basis of Regions    : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Among various segments, demand for glacier sunglasses is increasing, with increase in travel population preferences for mountain climbing or across glaciers or snowfields which requires above-average eye protection.

Global Sunglasses Market - Regional Analysis

North America has a lion share in the global sunglasses market, because of the high purchasing power and the high level of awareness among consumers about brands

The sunglasses market in Europe is driven by premium-pricing of the products

 In countries like UK, France, Italy, Spain, and Germany, customized colored glasses are mostly preferred.