Europe Sunglasses Market Size & Outlook, 2023-2030
Europe sunglasses market, 2018-2030 (US$M)
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Europe sunglasses market highlights
- The Europe sunglasses market generated a revenue of USD 7,306.5 million in 2023.
- The 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.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 7,306.5 million |
| Market revenue in 2030 | USD 11,167.8 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Non-polarized |
| Fastest growing segment | Polarized |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 31.1% of the global sunglasses market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,366.2 million by 2030.
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Sunglasses Market Scope
Sunglasses Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 78.3% in 2023. Horizon Databook has segmented the Europe sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
The popularity of sunglasses in Europe can be attributed to its rich fashion culture, where customers often view sunglasses as a style statement and follow trends set by fashion houses and celebrities. Paris, London, and Milan are some of the fashion capitals in Europe, and designer sunglasses are highly popular for their aesthetic appeal.
Also, Europeans are increasingly aware of the importance of eye health and are willing to spend on high-quality sunglasses to prevent harmful UV exposure to the eyes that may lead to cataracts and macular degeneration.
In northern European countries with less sun, sunglasses are worn to shield the eyes from glare and light reflections on water and snow during winter sports activities. Moreover, the growing participation in outdoor activities such as cycling, skiing, hiking, and water sports has boosted the demand for sports sunglasses for eye protection.
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Our clientele includes a mix of sunglasses market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe sunglasses market , including forecasts for subscribers. This continent databook contains high-level insights into Europe sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe sunglasses market size, by country, 2018-2030 (US$M)
Europe Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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