Global Polarized Sunglasses Market growing at a CAGR of 5.2% from 2023 to 2030
Category : Consumer Goods | Published Date : Jun 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the polarized sunglasses market is predicted to grow at a compound annual growth rate of 5.2% from 2023 to 2030 and is expected to reach USD 10,268.54 Million in 2030 which was valued at USD 6,866.59 Million in 2022.
The report highlights the growing awareness of eye-related problems. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the polarized sunglasses market.
Global Polarized Sunglasses Market By Overview
The polarized sunglasses market is bifurcated into a frame shape, lens material, application, end-user, and distribution channels. Based on the frame shape, the market is segmented round/oval, rectangular, square, aviators, and others. In 2022, the rectangular segment dominates in the overall polarized sunglasses market. The lens material segment is categorized into plastic, glass, metal, fibre, and others. In 2022, the plastic segment accounted for the highest market share in the polarized sunglasses market. Based on application, the market is segmented into vehicle driving,outdoor sports, water sports,fishing and boating, and others. In 2022, the outdoor sports segment dominates the overall polarized sunglasses market. The end-user segment is categorized into men, women, and unisex. In 2022, the men segment accounted for the highest market share in the polarized sunglasses market. Based on the distribution channel, the market is segmented into online and offline. In 2022, the offline segment dominates the overall polarized sunglasses market.
Get Free SampleMarket Dynamics
Driver:
- The increasing popularity of outdoor activities such as hiking, fishing, boating, and others is propelling the growth of polarized sunglasses.
- The increasing consumer inclination toward new fashion trends is boosting the growth of the polarized sunglasses market.
Restraints:
- Sensitivity to digital devices such as LCDs in smartphones, tablets, and others is hindering the demand for polarized sunglasses.
Market Segmentation:
| Report Attributes | Report Details |
| By Frame Shape | Round/Oval, Rectangular, Square, Aviators, and Others |
| By Lens Material | Plastic, Glass, Metal, Fibre, and Others |
| By Application | Vehicle Driving,Outdoor Sports, Water Sports,Fishing and Boating, and Others |
| By End-User | Men, Women, and Unisex |
| By Distribution Channel | Offline and Online |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Ray-Ban (Luxottica Group S.p.A.), Maui Jim, Inc. (Kering), and Prada Group have a strong market position in current market circumstances. Further, the polarized sunglasses market is expected to witness significant growth in the coming years due to the rising trend of fashionable polarized sunglasses. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-users.
- Ray-Ban (Luxottica Group S.p.A.)
- Maui Jim, Inc. (Kering)
- Prada Group
- Guccio Gucci S.p.A.
- Louis Vuitton (LVMH)
- Polaroid Eyewear (Safilo Group)
- GKB Optic Technologies Pvt Ltd.
- Hoya
- Fastrack Ltd. (Titan Company Limited)
- Costa Del Mar, Inc.
- Xiaomi
- EssilorLuxottica
