Middle East & Africa Sunglasses Market Size & Outlook
Middle East & Africa sunglasses market, 2018-2030 (US$M)
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MEA sunglasses market highlights
- The MEA sunglasses market generated a revenue of USD 1,305.7 million in 2023.
- The market is expected to grow at a CAGR of 6.9% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,305.7 million |
| Market revenue in 2030 | USD 2,076.9 million |
| Growth rate | 6.9% (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, MEA region accounted for 5.6% 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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Middle East & Africa 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 78.25% in 2023. Horizon Databook has segmented the Middle East & Africa sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
Consumers in the Middle East show a strong willingness to spend money on luxury goods, including sunglasses. They are also more interested in fashion trends and seek stylish and functional sunglasses.
Some of the region's most popular global brands are Ray-Ban, Oakley, Dior, Gucci, and Prada. These brands are popular with consumers in the Middle East for various reasons, including their high-quality, stylish designs, and celebrity endorsements.
Also, global brands are forming joint ventures with luxury goods retailers in the Middle East region to achieve robust regional presence, provide exceptional customer service, and gain local insights & expertise.
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Target buyers of Middle East & Africa 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa sunglasses market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA sunglasses market size, by country, 2018-2030 (US$M)
Middle East & Africa Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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