Sports Sunglasses Market

Global Sports Sunglasses Market Size (2024 to 2029)

The global sports sunglasses market is expected to grow at a CAGR of 4.7% from 2024 to 2029 and the global market size is expected to be worth USD 4.28 billion by 2029 from USD 3.40 billion in 2024.

Global Sports Sunglasses Market Drivers:

The growing number of sports stores owing to the surge in the trend of sports apparel and equipment is primarily driving the growth of the sports sunglasses market. Factors such as consumer acceptance of various types of eyewear, and inclusive sports eyewear, are propelling the sports sunglasses market growth. The rising consumer awareness about the added benefits offered by wearing sports eyewear while engaged in physical activities compared to standard eyewear products is promoting the growth of the market of sports sunglasses across the globe.

The rising consumer disposable income in which they seek branded, well-designed, and quality products is also a major driving factor that helps the growth of the market of sports sunglasses across all regions. An increase in preference for maintaining luxury living by retaining high-end commodities is further fuelling the growth rate of the sports sunglasses market.

Global Sports Sunglasses Market Restraints:

The low penetration rate for various types of sports eyewear is one of the major restraints affecting the growth of the market of sports sunglasses. Competition from various major companies is another major restraint that is affecting the growth of the sports sunglasses market.

Impact of COVID-19 on the global sports sunglasses market:

Coronavirus has impacted every sector in unprecedented ways due to the strict lockdown imposed by the government authorities from their respective countries all around the world as we all are aware that due to the lockdown, companies are forced to halt their manufacturing units for a period to eradicate the spread of coronavirus as it was spreading at a rapid speed from one person to another. This situation may continue until the vaccine for the coronavirus has been released. As per the report, the market of Sports Sunglasses is expected to increase the revenue rate much further owing to the increasing demand for Sports Sunglasses across the world due to the rapid increase in participation in sports and healthy lifestyle trends as well as a rise in the number of people entering the global workforce are some of the major factors which propel the growth of the market of Sports Sunglasses in the coming years.

REPORT COVERAGE:

This research report on the global sports sunglasses market has been segmented and sub-segmented based on type, gender, distribution channel, and region.

Global Sports Sunglasses Market – By Type:

• Polarized
• Non-polarized

The polarized type products segment holds the major share of the market as these are available with progressive lenses and photochromic lenses, which help to reduce the harmful impact of UVA rays and UVB rays. The nonpolarized sports sunglasses segment is expected to increase its market value during the forecast period.

Global Sports Sunglasses Market – By Gender:

• Male
• Female
• Unisex

Among these segments, the male segment holds the major share of the market since the availability of male sports sunglasses with round and transparent lenses and tinted lenses help the market to grow.

Global Sports Sunglasses Market – By Distribution Channel:

• Hypermarkets
• Supermarkets
• Specialty Stores
• Brand Outlets
• Online Sales Channel

The hypermarket and supermarket distribution channel segment hold the major share of the market owing to the availability of a broad range of consumer goods under a single roof as well as the provision of ample parking space and convenient operation timings propels the growth of the market.

Global Sports Sunglasses Market – By Region:

• North America
• Europe 
• Asia Pacific
• Latin America
• The Middle East and Africa

North America region holds the major share of the market of Sports Sunglasses owing to the increasing number of sports enthusiasts and professionals for golf, running, tennis, cycling, snow sports, water sports, cricket, etc. North America region is expected to hold the dominant of market for Sports Sunglasses during the forecast period. 

Asia Pacific region is expected to increase the market of Sports Sunglasses owing to the rapid increase in participation in sports and healthy lifestyle trends as well as a rise in the number of people entering the global workforce.

The Europe region is expected to increase the market for Sports Sunglasses during the forecast period followed by the North America region and the Asia Pacific region.

KEY MARKET PLAYERS:

Some of the notable companies operating in the global sports sunglasses market include Yiwu Conchen Glasses Co., Ltd., Decathlon SA, Under Armour, Inc., Titan Company Limited, Liberty Sports, Inc., Adidas AG (Adidas), Luxottica, PUMA SE, Nike, Inc., and Taizhou Baiyu Eyewear Co., Ltd