Canada Sunglasses Market Size & Outlook, 2023-2030
Canada sunglasses market, 2018-2030 (US$M)
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Canada sunglasses market highlights
- The Canada sunglasses market generated a revenue of USD 713.2 million in 2023 and is expected to reach USD 1,060.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.8% 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 713.2 million |
| Market revenue in 2030 | USD 1,060.2 million |
| Growth rate | 5.8% (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, Canada accounted for 3.0% 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 North America, U.S. sunglasses market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 8,096.5 million by 2030.
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Sunglasses Market Scope
Sunglasses Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 77.9% in 2023. Horizon Databook has segmented the Canada sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s sunglasses market is dominated by a few major players, such as EssilorLuxottica, Marcolin SpA, Safilo, and Specsavers. However, several smaller, independent brands are gaining popularity.
Brands such as Von Zipper, Native Eyewear, and So Shady are witnessing a surge in product demand, especially among the millennial and Gen Z categories, who enjoy active lifestyles and outdoor activities.
Moreover, sunglasses brands are increasingly collaborating with programmatic technology providers to incorporate cutting-edge features and technologies into their eyewear products, particularly sunglasses. These partnerships aim to enhance the functionality and appeal of sunglasses, ultimately bolstering the brand's image among consumers.
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Target buyers of Canada sunglasses market databook
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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 Canada sunglasses market , including forecasts for subscribers. This country databook contains high-level insights into Canada sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada sunglasses market size, by product, 2018-2030 (US$M)
Canada Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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