Sunglasses Market Size, Share & Trends Analysis Report By Product (Polarized, Non-polarized), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 - 2025

Published: May, 2019 | Pages: 110 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global sunglasses market size is expected to reach USD 17.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.3% over the forecast period. The market is expected to witness significant growth due to rising consumer preference for luxury and premium sunglasses, along with increasing disposable income.

Non-polarized sunglasses accounted for the largest market share in 2018 owing to easy availability and cheap pricing. Moreover, these sunglasses are available in many dark shades, which protect the eyes from the harmful sun rays. Polarized sunglasses are anticipated to expand at the highest CAGR of 2.6% from 2019 to 2025. Apart from providing 100% protection from the UV rays, these glasses also provide clear vision as compared to non-polarized glasses. Increasing awareness concerning eye health and harmful effects of sun rays and other emissions is expected to influence the consumer purchasing decision.

Offline distribution channel dominated the market in 2018. Many brands have their personalized stores worldwide to provide customer service and increase their distribution in the market. Customer preference to try out various pairs of sunglasses before purchasing is driving the market demand in this segment. Online distribution is expected to witness accelerated growth in the forecast period as manufacturers are increasing their advertising and promotional activities via digital channels. This distribution channel allows the manufacturers to reach out to a wider audience in less cost.

Europe held the largest market share in terms of revenue in 2018 due to the presence of major players and latest fashion trends followed in this region. Asia Pacific is anticipated to witness substantial growth due to increasing penetration of major brands in this region. Changing consumer preference driven by high disposable income is another factor propelling the market growth in this region.

Further key findings from the study suggest:

• In terms of revenue,online distribution channel is projected to expand at a CAGR of 2.5% over the forecast period

• By product, the non-polarized segment dominated the market in 2018 owing to high visibility of the product in the emerging market

• Europe held the largest sunglasses market share in 2018 owing to presence of major eyewear manufacturers in the region

• The industry is highly competitive with a monopoly created by Luxottica Group. Various eyewear brands like Ray-Ban, Oakley, Sunglass Hut, Persol, and Vogue have been acquired by Luxottica to expand its brand portfolio in the market

• In January 2017, Essilor, one of the major eyewear manufacturers, merged with Luxottica. This move was initiated to expand Luxottica's brand portfolio and improve market penetration of Luxottica by leveraging Essilor's target markets.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis 
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Sunglasses Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant 
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Sunglasses Market
                    3.7. Market Entry Strategies 

Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations

Chapter 5. Sunglasses Market: Product Estimates & Trend Analysis
                    5.1. Product Movement Analysis & Market Share, 2018 & 2025
                    5.2. Polarized
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Non-polarized
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 6. Sunglasses Market: Distribution Channel Estimates & Trend Analysis
                    6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    6.2. Online
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Offline
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 7. Sunglasses Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.2.4. U.S.
                            7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.3. Europe
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.3.4. Germany
                            7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.3.5. France
                            7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                        7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.4.4. China 
                            7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.4.5. India
                            7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                        7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                        7.5.4. Brazil
                            7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                            7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa
                        7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                        7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)

Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                        8.3.1. Key company market share analysis, 2018

Chapter 9. Company Profiles
                    9.1. Luxottica Group
                        9.1.1. Company Overview
                        9.1.2. Financial Performance
                        9.1.3. Product Benchmarking
                        9.1.4. Strategic Initiatives
                    9.2. Safilo Group
                        9.2.1. Company Overview
                        9.2.2. Financial Performance
                        9.2.3. Product Benchmarking
                        9.2.4. Strategic Initiatives
                    9.3. Maui Jim
                        9.3.1. Company Overview
                        9.3.2. Financial Performance
                        9.3.3. Product Benchmarking
                        9.3.4. Strategic Initiatives
                    9.4. De Rigo
                        9.4.1. Company Overview
                        9.4.2. Financial Performance
                        9.4.3. Product Benchmarking
                        9.4.4. Strategic Initiatives
                    9.5. Charmant
                        9.5.1. Company Overview
                        9.5.2. Financial Performance
                        9.5.3. Product Benchmarking
                        9.5.4. Strategic Initiatives
                    9.6. Specsavers Optical
                        9.6.1. Company Overview
                        9.6.2. Financial Performance
                        9.6.3. Product Benchmarking
                        9.6.4. Strategic Initiatives
                    9.7. Revo
                        9.7.1. Company Overview
                        9.7.2. Financial Performance
                        9.7.3. Product Benchmarking
                        9.7.4. Strategic Initiatives
                    9.8. Fielmann AG
                        9.8.1. Company Overview
                        9.8.2. Financial Performance
                        9.8.3. Product Benchmarking
                        9.8.4. Strategic Initiatives
                    9.9. Pivothead
                        9.9.1. Company Overview
                        9.9.2. Financial Performance
                        9.9.3. Product Benchmarking
                        9.9.4. Strategic Initiatives
                    9.10. LVMH
                        9.10.1. Company Overview
                        9.10.2. Financial Performance
                        9.10.3. Product Benchmarking
                        9.10.4. Strategic Initiatives

List of Tables

1. Sunglasses - Key market driver analysis
2. Sunglasses - Key market restraint analysis
3. Global polarized sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
4. Global non-polarized sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
5. Global sunglasses market estimates and forecast through offline channel, 2015 - 2025 (USD Million)
6. Global sunglasses market estimates and forecast through online channel, 2015 - 2025 (USD Million)
7. North America sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
8. North America sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
9. North America sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
10. U.S. sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
11. U.S. sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
12. U.S. sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
13. Europe sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
14. Europe sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
15. Europe sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
16. Germany sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
17. Germany sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
18. Germany sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
19. France sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
20. France sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
21. France Sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. Asia Pacific Sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
23. Asia Pacific Sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
24. Asia Pacific Sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
25. China Sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
26. China Sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
27. China Sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
28. India Sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
29. India Sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
30. India Sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
31. Central & South America sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
32. Central & South America sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
33. Central & South America sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
34. Brazil sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
35. Brazil sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
36. Brazil sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
37. Middle East & Africa sunglasses market estimates and forecast, 2015 - 2025 (USD Million)
38. Middle East & Africa sunglasses market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
39. Middle East & Africa sunglasses market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
40. Vendor landscape

List of Figures

1. Sunglasses market snapshot 
2. Sunglasses market segmentation & scope
3. Sunglasses market penetration & growth prospect mapping
4. Sunglasses value chain analysis
5. Sunglasses market dynamics
6. Sunglasses market Porter's analysis 
7. Sunglasses market: Product movement analysis 
8. Sunglasses market: Application movement analysis 
9. Sunglasses market: Regional movement analysis