Sports Eyewear Market Highlights

The sports eyewear market is accounted to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 13.57 billion by 2032.The rise of the middle class in both developing and developed countries has encouraged the adoption of convenience-oriented lifestyles. As a result, sports sunglasses are appealing to individuals of all ages, particularly children. Counterfeit brands have evolved because of the high pricing and extensive use of sports eyewear brands such as Nike, Adidas, and Puma. These brands are mainly common in developing countries where consumers are budget conscious. Sports sunglasses have advanced technologically as a result of continual innovation by manufacturers.

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Segment Analysis

The sports eyewear market has been segmented based. application and distribution channel.

Based on Application, the market is segmented into Outdoor Sporting & Traveling, Water Sports, Ski Sports, and Others. The outdoor sporting & traveling segment was attributed to holding the largest market share in 2022 because consumer preference is shifting towards luxury and comfort, which has increased demand for branded, high-quality goods.

Based on Distribution channel, the global sports eyewear market has been segmented into Offline, and Online. The offline segment was expected to hold the largest market share in 2022. This is due to the assurance people get by physically checking the product before purchasing.

MRFR recognizes the following companies as the key players in the:  Nike, Inc., Adidas AG, Zeniths, LLC, Carl Zees AG, March on Eyewear, Inc., MYKITA GmbH, Under Armour, Inc., Boggs International Ltd., Aqua Lung International, Speedo International.

Regional Analysis

The global sports eyewear market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe sports eyewear market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The sports eyewear market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World sports eyewear market comprises of Middle East, Africa, and Latin America.

The North American market for sports sunglasses is growing owing to increasing sports activities in the region and increasing demand for protective eyewear as well. Sports sunglasses are made from polycarbonate materials that are durable and protect the eyes of the players from harmful UVA and UVB rays of the sun. Additionally, the sunglasses are made with lightweight material that also works as impact resistance and dirt and dust protection as well. Additionally, the market players are innovating new types of sunglasses for all types of sports due to which demand for them in the region is increasing

Moreover, the Europe market has been persistently growing over the forecast period. The demand for sports accessories such as clothing, eyewear, shoes, and other items is growing because of the growing penetration of sports sunglasses in the European market, companies have launched new and creative sports sunglasses in order to compete. Furthermore, growing awareness of eye injuries increases demand for D or sports sunglasses in this region.

Additionally, emerging nations such as India and China, trust, high-quality products, and safety are the most important factors to consider when purchasing sports sunglasses. The Asia-Pacific market has enormous development potential for companies selling brand-new, cutting-edge sporting equipment. The Asia Pacific market will benefit from a growing emphasis on environmentally friendly energy sources.

Furthermore, the rest of sports eyewear Market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the  use of raising awareness of the health benefits of sporting activities t. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

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Key Findings of the Study       

 

  • The sports eyewear Market is expected to reach USD 13.57 billion by 2032, at a CAGR of 4.80% during the forecast period.
  • The Asia-Pacific market has enormous development potential for companies selling brand-new, cutting-edge sporting equipment.
  • By application, the outdoor sporting & traveling segment was attributed to holding the largest market share in 2022.
  • Nike, Inc., Adidas AG, Zeniths, LLC, Carl Zees AG, March on Eyewear, Inc., MYKITA GmbH, Under Amour, Inc., Boggs International Ltd., Aqua Lung International, Speedo International.