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Sunglasses Market Share

Report ID: GMI12063
Published Date: Oct 2024
Report Format: PDF

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Sunglasses Market Share

Sunglasses Market Company Share Analysis, (2023)

The market is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 25%-30% of the total market. In the fragmented sunglasses industry, companies are employing several strategies to enhance their global presence. Brand collaborations with fashion labels and influencers allow them to reach wider audiences and appeal to trend-driven consumers. Many companies are also investing in sustainable materials and eco-friendly production processes, attracting environmentally conscious buyers. Additionally, enhancing digital presence through e-commerce platforms and virtual try-on technology helps brands reach global customers while reducing reliance on physical retail.

Sunglasses Market Companies

Major players operating in the sunglasses industry are:

De Rigo Vision
Essilor International
Fielmann
Johnson & Johnson Vision Care
Luxottica Group
LVMH Moët Hennessy Louis Vuitton
Marchon Eyewear
Marcolin
Maui Jim
Michael Kors Holdings
Oakley
Quay Australia
Safilo Group
Warby Parker
Zenni Optical

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for sunglasses was valued at USD 24.4 billion in 2023 and is projected to reach USD 33.5 billion by 2032, driven by a CAGR of 3.6% from 2024 to 2032.

The polarized segment held a revenue of USD 13.9 billion in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period, driven by its glare-reducing and UV-protective properties.

The U.S. dominated the North American market with a 73.9% share in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period, driven by substantial consumer demand for both functional and fashion-forward eyewear.

Major players in the industry include De Rigo Vision, Essilor International, Fielmann, Johnson & Johnson Vision Care, Luxottica Group, LVMH Moët Hennessy Louis Vuitton, Marchon Eyewear, and Marcolin.