UAE Sunglasses Market Size & Outlook, 2023-2030
UAE sunglasses market, 2018-2030 (US$M)
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UAE sunglasses market highlights
- The UAE sunglasses market generated a revenue of USD 215.3 million in 2023 and is expected to reach USD 351.2 million by 2030.
- The UAE market is expected to grow at a CAGR of 7.2% 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.
Sunglasses market data book summary
| Market revenue in 2023 | USD 215.3 million |
| Market revenue in 2030 | USD 351.2 million |
| Growth rate | 7.2% (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, UAE accounted for 0.9% 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 Middle East & Africa, UAE sunglasses market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 351.2 million by 2030.
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Sunglasses Market Scope
Sunglasses Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 78.26% in 2023. Horizon Databook has segmented the UAE sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
UAE consumers tend to strongly prefer designer and luxury eyewear brands. Brands like Ray-Ban, Prada, Gucci, and Chanel are popular choices, and there is a demand for exclusive, high-end sunglasses.
Also, online retailers prioritize gaining a foothold in the local market by opening physical stores in the UAE. They can leverage their presence to expand further into the Middle East, reaching a broader regional customer base.
This gradual expansion can be a strategic move for long-term growth. In August 2021, Eyewa, the largest online eyewear retailer in the Middle East, opened its inaugural store in the UAE at City Centre Mirdiff, Dubai. The physical store offers various eyewear products, from designer frames to affordable options. Customers can also get their eyes tested and fitted for glasses in-store.
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Target buyers of UAE 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 UAE sunglasses market , including forecasts for subscribers. This country databook contains high-level insights into UAE sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE sunglasses market size, by product, 2018-2030 (US$M)
UAE Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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