At 5.3% CAGR, the Asia Pacific Sports Sunglasses Market is Projected to be worth US$ 1,987.96 million by 2030, says Business Market Insights
According to Business Market Insights research, the Asia Pacific sports sunglasses market was valued at US$ 1,314.13 million in 2022 and is expected to reach US$ 1,987.96 million by 2030, registering a CAGR of 5.3% from 2022 to 2030. Upsurging participation in sports activities and increasing awareness of UV protection are among the critical factors attributed to the Asia Pacific sports sunglasses market expansion.
Prolonged exposure to ultraviolet (UV) radiation, especially in outdoor settings, can lead to various eye conditions and diseases such as cataracts, photokeratitis, and pterygium. These conditions can result in discomfort, vision impairment, and, in some cases, permanent eye damage. When engaged in sports or other outdoor activities, individuals require clear and unimpaired vision to perform at their best. Excessive exposure to UV rays can lead to squinting, discomfort, and reduced visual clarity. Sports sunglasses with UV protection ensure that athletes can maintain optimal vision and focus during their activities, enhancing their overall performance.
In addition to the immediate impact on eye health and performance, the long-term consequences of UV exposure cannot be underestimated. UV radiation is a known factor in developing eye-related conditions, such as age-related macular degeneration. As people become more aware of these long-term risks, they increasingly invest in sports sunglasses with adequate UV protection as a preventive measure to safeguard their eye health for years to come. This awareness leads to innovations in UV protection technologies, ensuring that consumers have access to the best possible eye protection. This aspect has led to a growing demand for sports sunglasses that combine UV protection with advanced lens technologies, making them indispensable gear for sports and outdoor adventures. Thus, recognizing the importance of UV protection, consumers increasingly seek sports sunglasses that offer both style and performance and effective UV shielding, which drives the sports sunglasses market growth.
On the contrary, seasonality of demand hampers the Asia Pacific sports sunglasses market.
Based on type, the Asia Pacific sports sunglasses market is bifurcated into polarized and non-polarized. The non-polarized segment held 74.9% share of Asia Pacific sports sunglasses market in 2022, amassing US$ 983.83 million. It is projected to garner US$ 1,461.22 million by 2030 to expand at 5.1% CAGR during 2022-2030.
Based on category, the Asia Pacific sports sunglasses market is segmented into men, women, unisex, and kids. The men segment held 44.7% share of Asia Pacific sports sunglasses market in 2022, amassing US$ 587.46 million. It is projected to garner US$ 821.72 million by 2030 to expand at 4.3% CAGR during 2022-2030.
Based on distribution channel, the Asia Pacific sports sunglasses market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held 48.5% share of Asia Pacific sports sunglasses market in 2022, amassing US$ 637.36 million. It is projected to garner US$ 979.50 million by 2030 to expand at 5.5% CAGR during 2022-2030.
Based on country, the Asia Pacific sports sunglasses market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 35.1% share of Asia Pacific sports sunglasses market in 2022. It was assessed at US$ 460.85 million in 2022 and is likely to hit US$ 684.37 million by 2030, exhibiting a CAGR of 5.1% during 2022-2030.
Key players operating in the Asia Pacific sports sunglasses market are Adidas AG, Columbia Sportswear Co, Decathlon SE, EssilorLuxottica SA, Nike Inc, Puma SE, Rapha Racing Ltd, Safilo Group SpA, and Under Armour Inc, among others.
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