Mexico Sunglasses Market Size & Outlook, 2023-2030
Mexico sunglasses market, 2018-2030 (US$M)
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Mexico sunglasses market highlights
- The Mexico sunglasses market generated a revenue of USD 583.2 million in 2023 and is expected to reach USD 845.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.4% 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 583.2 million |
| Market revenue in 2030 | USD 845.2 million |
| Growth rate | 5.4% (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, Mexico accounted for 2.5% 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 |
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Mexico 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 78.65% in 2023. Horizon Databook has segmented the Mexico sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
Sunglasses with unisex designs are preferred by many consumers in Mexico, allowing them to be shared among family members and friends. Moreover, Mexican culture places a strong emphasis on personal style and self-expression.
This cultural influence encourages people to choose sunglasses that reflect their individuality and taste. The integration of augmented reality (AR) capabilities into sunglasses is an exciting trend that is gaining momentum in various countries, including Mexico.
Reputable sunglass brands with a track record of quality and style have a dedicated following in Mexico. Consumers often trust these brands, leading to continued demand for their products. Moreover, international eyewear brands are placing strong priority on the establishment of retail stores in Mexico City.
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Target buyers of Mexico 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 country-level data and insights on the Mexico sunglasses market , including forecasts for subscribers. This country databook contains high-level insights into Mexico sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico sunglasses market size, by product, 2018-2030 (US$M)
Mexico Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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