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Sunglasses - Asia

Asia
  • In Asia, the Sunglasses market is projected to generate a revenue of US$7.39bn by 2024.
  • According to market forecasts, the industry is expected to grow annually by 3.65% (CAGR 2024-2029).
  • When compared to other regions, United States is the largest revenue-generating market in the industry.
  • It is expected to generate US$5bn in 2024.
  • In terms of per capita revenue, the Sunglasses market is expected to generate US$1.63 in 2024.
  • By 2029, the volume of the Sunglasses market in Asia is expected to reach 348.0m pieces.
  • It is projected to grow by 0.5% in 2025.0.
  • The average volume per person in the Sunglasses market is expected to be 0.1pieces in 2024.
  • In Japan, the trend for sunglasses has shifted towards functional designs that provide UV protection and prevent eye strain from digital devices.

Definition:

The Sunglasses market includes framed, tinted lenses that reduce direct eye exposure to sunlight.

Additional information:

The market comprises revenues, average revenue per capita, volume, average volume per capita, and price. Revenues are generated through both online and offline sales channels. Key players in the market include Ray-Ban, Oakley, Gentle Monster, Gucci, and Armani. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Sunglasses from glass and plastic
  • With and without optically lenses

Out-Of-Scope

  • Spectacle cases
  • Lens cleaning wipes
Sunglasses: market data & analysis - Cover

Market Insights report

Sunglasses: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Price

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Analyst Opinion

    Annual growth in the global eyewear market is expected to be robust over the next five years. Shifting consumer megatrends, transforming market structures and technological innovations are key drivers of this growth. Particularly, ageing is one of the most significant global demographic factors impacting eye care as the need for vision correction increases and becomes more complex as a person grows older. Additionally, increasing screen time especially among youngsters might cause more serious effects than previously thought, supporting the constant demand for preventive eye care.

    Sales Channels

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on consumer spending on eyewear products, which include spectacle lenses, sunglasses, eyewear frames, and contact lenses that are produced for private end consumers. Retail sales through both offline and online sales channels are included.

    Modeling approach:

    Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, market data from third-party sources (e.g., independent databases), historical developments, current trends, as well as survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for making forecasts about the Eyewear market, which is projected to grow steadily. The main drivers are GDP per capita, consumer spending per capita, and healthcare spending.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

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    Sunglasses: market data & analysis - BackgroundSunglasses: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    U.S. eyewear market - statistics & facts

    The eyewear market includes corrective eyewear, such as spectacles and contact lenses, as well as sunglasses and other eyewear products. The global market was valued at around 170 billion U.S. dollars in 2022 and, by 2029, the value of the worldwide eyewear market was forecast to reach close to 300 billion U.S. dollars. This market can be segmented in various ways. For example, vision care products sold at optical retail locations in the United States is a multi-billion dollar market. Alternatively, the market can be divided into four main categories: spectacle lenses, frames, sunglasses, and contact lenses. In the United States, the revenue of all of these eyewear categories are forecast to grow over the coming years.
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