Global Sports Sunglasses Market Size, Share And Forecast To 2030

(MENAFN- Straits Research) Sunglasses for sports are protective eyewear designed to prevent intense and high-energy sunlight from causing eye discomfort or damage. The sunglasses for sports are coated with UV blockers and ultraviolet B rays to protect against UV rays. In addition, these sunglasses are curved and built differently than standard sunglasses to give complete eye protection for the players.
In addition, the government has boosted its expenditure on sports like the Olympics, Formula 1 racing, cricket World Cups, and FIFA. There is an increase in the government's encouragement for players to participate due to the rise in domestic sports events. This is expected to increase the demand for sports accessories such as clothing, eyewear, shoes, and other equipment.
Market Dynamics
Increase in Living Standards and Rising Fashion Trends to Drive the Global Sports Sunglasses Market
In recent years, the global per capita income has increased significantly, particularly in emerging economies. Urbanization and the expansion of the middle class in developing and developed economies have fostered the adoption of lifestyles centered on convenience. This makes sports sunglasses popular for individuals of all ages, particularly adolescents. In addition, the increase in popularity of sports sunglasses with retro cat-eye lenses, round and clear lenses, sunglasses with a chain, hexagon lenses, and visor sport sunglasses supports the expansion of the market for sports sunglasses. Customers are attracted to the availability of sports sunglasses in various attractive styles, such as streamlined designs, wraparound frames, and curved shape designs. In addition, the growing interest of children, adolescents, and adults in sports activities contributes to the expansion of the market for sports sunglasses.
Technological Innovation to Provide Opportunities the to Drive the Global Sports Sunglasses Market
Sunglasses for sports have gotten more technologically advanced due to manufacturers' constant innovation. The hydrophobic coating on these sunglasses provides a scratch-resistant surface that repels fluids. Sunglasses for sports are available with a hydrophobic coating that provides a scratch-resistant surface that repels fluids. Moreover, modern lenses are constructed from shatter-resistant, lightweight polycarbonate and nylon lens material to promote comfort and give the wearer enhanced protection and coverage. In addition, the availability of sports sunglasses with polarised lenses reduces the detrimental effects of UVA/UVB, which contributes to the expansion of the market for sports sunglasses.
Key Highlights

The global sports sunglasses market size was valued at 3. billion in 2021 and is estimated to reach an expected value of 4.4 billion by 2030, registering a CAGR of 4.9% during the forecast period (2022 - 2030).
By type, the global sports sunglasses market is bifurcated into polarized and non-polarized. The polarized segment was the highest contributor to the market and is estimated to grow at a CAGR of 4.7% during the forecast period.
By gender, the global sports sunglasses market is categorized into male, female, and unisex. The male segment is expected to share the highest revenue and is estimated to grow at a CAGR of 3.6% during the forecast period.
Based on the distribution channel, the global sports sunglasses market is classified into hypermarkets/supermarkets, specialty stores, brand outlets, and online sales channels. The specialty stores segment was the highest contributor to the market and is estimated to grow at a CAGR of 5.5% during the forecast period.

Regional Insights
Region-wise, the global sports sunglasses market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor and is estimated to grow at a CAGR of 3.7%. The market for sports sunglasses in North America is examined in the United States, Canada, and Mexico. In terms of macroeconomic considerations, the United States is the largest economy in the world in terms of GDP, and its businesses are more flexible than those in Western Europe. Additionally, this region has a greater concentration of consumer goods. In addition, significant expenditures on premium-grade consumer products are the result of a high per capita income and an enduring fashion desire for sunglasses. Population increase and improvements in lifestyle are the primary reasons driving the expansion of the sports sunglasses industry. This region's increased purchasing power substantially raises the demand for sports sunglasses. Moreover, due to the associated benefits, unisex design products have gained popularity in this region. This encourages the growth of the sports sunglasses industry in North America.
Europe is the second largest region. It is estimated to reach an expected value of USD 1480 million by 2030, registering a CAGR of 4.9% during the forecast period. Europe is a mature market. In recent years, Europe has witnessed a transitory shift due to the concentration of European stakeholders on utilizing a new technology. In addition, the number of sports players in nations such as Germany, Spain, and France is rising. This increases demand for sports items such as clothing, sunglasses, footwear, and other accessories. The high penetration of sports sunglasses in the European market has prompted companies to introduce new and creative sports sunglasses to remain competitive. In addition, the increased awareness of eye injuries increases the market for sports sunglasses in this region. In addition, European manufacturers of sports sunglasses are expanding their brand recognition by using prominent athletes as brand ambassadors.
Asia-Pacific is the third largest region. China, India, Japan, ASEAN, and the rest of Asia-Pacific are investigating the area. In the previous two to three years, there has been a growth in the demand for sports sunglasses in this region due to the increased interest in sports and fashion. Moreover, in emerging nations such as India and China, trust, product quality, and safety are the most important factors when purchasing sports sunglasses. The Asia-Pacific market has enormous growth potential for businesses that offer new and innovative sports sunglasses. Moreover, the development in urbanization and the rise in middle-class customers in developing and developed economies have encouraged the adoption of convenience-oriented lifestyles, hence increasing the desirability of sports sunglasses across all age groups. In addition, the growing popularity of cricket, mountain biking, cycling, squash, and swimming contributes to the expansion of the sports sunglasses industry.
Competitive Landscape
The major sports sunglasses market manufacturers include Adidas AG (Adidas), Luxottica, PUMA SE, Nike, Inc., Decathlon SA, Under Armour, Inc., Titan Company Limited, Liberty Sports, Inc., Yiwu Conchen Glasses Co., Ltd., and Taizhou Baiyu Eyewear Co., Ltd.
Market News

September 2022 -
Global sports brand PUMA announced a long-term partnership with British-Nigerian grime MC, rapper, and record producer Skepta, who will work with the brand to design products and curate global marketing campaigns.
September 2022 -
The exciting debut of the Autumn Winter 2022 ION F Hybrid & Puff collection by global sports brand PUMA has lifted the bar for footwear design and performance. The highly anticipated collection, which is the third generation evolution of the renowned ION F shoes, combines one-of-a-kind materials, structures, and elite FERRARI design cues to create a genuinely designed shoe to stand out. The cutting-edge front wing of FERRARI's groundbreaking SF90 Stradale sportscar inspired the ION F's silhouette.

Global Sports Sunglasses Market: Segmentation
By Type

Polarized
Non-Polarized

By Gender

Male
Female
Unisex

By Distribution Channel

Hypermarket/Supermarket
Specialty Store
Brand Outlets

By Region

North America
Europe
Asia-Pacific
LAMEA

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