Australia Sunglasses Market Size & Outlook, 2023-2030
Australia sunglasses market, 2018-2030 (US$M)
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Australia sunglasses market highlights
- The Australia sunglasses market generated a revenue of USD 221.7 million in 2023 and is expected to reach USD 336.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, non-polarized was the largest revenue generating product in 2023.
- Polarized is the most lucrative product segment registering the fastest growth during the forecast period.
Sunglasses market data book summary
| Market revenue in 2023 | USD 221.7 million |
| Market revenue in 2030 | USD 336.9 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Non-polarized |
| Fastest growing segment | Polarized |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polarized, Non-Polarized |
| Key market players worldwide | Essilorluxottica, Safilo Group SpA Az nom Post raggruppamento, Kering SA, Revolve Group Inc Class A, Fielmann Group AG, Lvmh Moet Hennessy Louis Vuitton SE, De Rigo SpA, Charmant, State Optical Co, Marcolin |
Other key industry trends
- In terms of revenue, Australia accounted for 0.9% of the global sunglasses market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sunglasses market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,035.9 million by 2030.
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Sunglasses Market Scope
Sunglasses Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia sunglasses market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sunglasses market will help companies and investors design strategic landscapes.
Non-polarized was the largest segment with a revenue share of 78.85% in 2023. Horizon Databook has segmented the Australia sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
Australians have a strong outdoor culture, with activities like beach trips, outdoor sports, and barbecues being widely popular. Sunglasses are an integral part of this lifestyle, providing eye protection and enhancing comfort during outdoor activities.
Sunglasses are popular in Australia due to the country's sunny climate. The popularity of sunglasses in Australia is expected to continue to grow in the coming years. This is due to several factors, including, the increasing popularity of outdoor activities, and the growing awareness of the importance of protecting the eyes from UV rays.
Furthermore, local creative agencies focus on forming partnerships with global eyewear manufacturers to establish online platforms to boost the sales of sunglasses. In April 2023, Edge, an Australian creative agency, collaborated with Safilo Australia to introduce an online marketplace known as Folkal Eyewear.
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Our clientele includes a mix of sunglasses market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia sunglasses market , including forecasts for subscribers. This country databook contains high-level insights into Australia sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia sunglasses market size, by product, 2018-2030 (US$M)
Australia Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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