Spain Sunglasses Market Size & Outlook, 2023-2030
Spain sunglasses market, 2018-2030 (US$M)
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Spain sunglasses market highlights
- The Spain sunglasses market generated a revenue of USD 1,013.8 million in 2023 and is expected to reach USD 1,623.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 7% 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 1,013.8 million |
| Market revenue in 2030 | USD 1,623.8 million |
| Growth rate | 7% (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, Spain accounted for 4.3% 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 Europe, Germany sunglasses market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 1,623.8 million by 2030.
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Sunglasses Market Scope
Sunglasses Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 78.06% in 2023. Horizon Databook has segmented the Spain sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing consumer preference for branded eyewear is a driving force behind the rising demand for sunglasses that offer a multitude of features. Consumers are increasingly drawn to eyewear from recognized and reputable brands, as they often associate these brands with quality, style, and innovation.
People in the country are willing to invest more in branded and luxury sunglasses to make a distinctive style statement. In addition, manufacturers are responding to consumer preferences by introducing sunglasses in various shapes, styles, and colors to cater to varied tastes.
In March 2022, Meta, the parent company of Facebook, Instagram, and WhatsApp, introduced its innovative "Ray-Ban Stories" product in the Spanish market. These smart glasses, designed in partnership with EssilorLuxottica, closely resemble regular eyeglasses but come with integrated cameras and microphones.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain sunglasses market , including forecasts for subscribers. This country databook contains high-level insights into Spain sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain sunglasses market size, by product, 2018-2030 (US$M)
Spain Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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