South & Central America Sports Sunglasses Market Forecast to 2030
South & Central America Sports Sunglasses Market Forecast to 2030 – Regional Analysis – by Type (Polarized and Non-Polarized), Category (Men, Women, Unisex, and Kids), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
$2,485 – $3,885
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Description
Rising Focus on Technological Advancements Drive South & Central America Sports Sunglasses Market
Technological advancements offer various benefits that cater to consumers’ evolving needs and preferences. One crucial aspect of technological advancements is the improvement in lens technology. Sports sunglasses have advanced lens coatings, such as polarized and photochromic technology. Polarized lenses reduce glare and enhance contrast, which makes them ideal for water sports, skiing, and driving activities. Photochromic lenses adapt to changing light conditions that provides versatility for users engaged in various outdoor sports. These technological enhancements improve visual comfort and the overall experience, making sports sunglasses attractive to consumers.
Another area of innovation is the use of lightweight and durable materials in sports sunglasses. Advanced materials such as TR-90 and carbon fiber make the frames of sports sunglasses robust and lightweight, offering comfort and durability for athletes. Lightweight frames are essential for sports where every ounce matters, such as cycling or running. Sports sunglasses made of lightweight materials are suitable for extended use during physical activities and can help reduce the risk of discomfort or fatigue.
Additionally, customization and smart features have become a part of the technological advancement in sports sunglasses. Some brands offer customizable options, allowing customers to choose frame colors, lens tints, and other design elements. Furthermore, smart features such as heads-up display integrated Bluetooth connectivity, and fitness tracking are emerging in sports sunglasses. These features enhance the user experience by providing valuable data and connectivity, making them appealing to tech-savvy consumers.
Technological advancements enhance functionality, comfort, and style of customers. These innovations cater to the specific needs of athletes and attract a broader consumer base looking for the latest in eyewear technology. As technology advances, sports sunglasses can offer an ever-improving combination of performance and style, contributing to the growth and evolution of the market.
South & Central America Sports Sunglasses Market Overview
Countries such as Brazil, Argentina, and Peru are heavily involved in sports. Football is the most popular sport in Brazil and Argentina, and sports such as volleyball and motorsports, particularly Formula One, basketball, and tennis, also gather high levels of popularity. These sports activities also contribute to the growing economy. According to the Brazilian Football Confederation (CBF), football contributed a total of US$ 10.55 billion, i.e., 0.72% of the national GDP of Brazil in 2019. Additionally, the organization of major sporting events in the region such as the Brazilian Championship, Copa do Brasil, Rio Open, and Formula One Brazilian Grand Prix prominently contributed to the increased participation in sports such as football, tennis, and car racing, which tends to increase the sales of sports accessories, tools, apparels, and necessary equipment, driving the sports sunglasses market growth.
Government initiatives such as Olympism365 by the International Olympic Committee (IOC) focus on promoting sport as an enabler for the United Nations’ Sustainable Goals (UN SDGs). These ongoing community sports programs are targeting 50,000 young people’s participation across 15 countries in South & Central America by 2025.. Over 9,000 young people in South & Central American countries are reached through community sports programs, and more than 680 professionals have been trained so far. Therefore, positive outlook and initiatives from governments have bolstered the total expenditure on the sports industry, further propelling the demand for sports accessories such as sports sunglasses across the region. These factors anticipated to drive the market growth.
South & Central America Sports Sunglasses Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Sports Sunglasses Market Segmentation
The South & Central America sports sunglasses market is segmented into type, category, distribution channel, and country.
Based on type, the South & Central America sports sunglasses market is bifurcated into polarized and non-polarized. The non-polarized segment held a larger share of the South & Central America sports sunglasses market in 2022.
Based on category, the South & Central America sports sunglasses market is segmented into men, women, unisex, and kids. The men segment held the largest share of the South & Central America sports sunglasses market in 2022.
Based on distribution channel, the South & Central America sports sunglasses market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest share of the South & Central America sports sunglasses market in 2022.
Based on country, the South & Central America sports sunglasses market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America sports sunglasses market in 2022.
Adidas AG, Decathlon SE, EssilorLuxottica SA, Nike Inc, Puma SE, and Safilo Group SpA are some of the leading companies operating in the South & Central America sports sunglasses market.
Summary Info
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According to the Research Team’ research, the South & Central America sports sunglasses market was valued at US$ 519.41 million in 2022 and is expected to reach US$ 824.50 million by 2030, registering a CAGR of 5.9% from 2022 to 2030. Upsurging participation in sports activities and emerging inclination toward sustainable and eco-friendly products are among the critical factors attributed to the South & Central America sports sunglasses market expansion.
Growing awareness regarding sustainable and eco-friendly products and commitment to environmental responsibility among consumers and manufacturers propel the demand for products aligning with their eco-conscious values. As environmental concerns become pronounced, individuals participating in outdoor activities and sports seek products that minimize their ecological footprint. Sports sunglasses made of sustainable materials, such as recycled plastics, bamboo, or other biodegradable options, gain popularity. These materials reduce the environmental impact of manufacturing and offer a sustainable end-of-life cycle, which resonates with eco-conscious consumers.
Furthermore, eco-friendly manufacturing processes and practices are becoming a focal point in the sports sunglasses market. Brands are reducing waste, minimizing energy consumption, and lowering their carbon footprint while producing eyewear. This commitment to sustainable practices enhances the brand’s reputation and resonates with consumers who prioritize environment-friendly products. Sea2see, a sustainable premium eyewear brand, offers sports sunglasses made of 100% up-cycled sea plastic. Also, uvex group, a manufacturer of protective eyewear, offers uvex downhill 2100 CV planet ski goggles made of consistently sustainable materials – from lens to strap. This product received an award in the “product design” category in 2022. According to the jury, the uvex downhill 2100 CV planet design remarkably cleverly responds to the desire of an environmentally conscious generation of consumers to combine sustainability and modern design. Such product launches and initiatives by various manufacturers fulfill the demand of environment-conscious consumers.
Furthermore, in response to this trend, some manufacturers are embracing circular economy principles, offering repair and recycling programs for their sports sunglasses. This approach extends the lifespan of products and minimizes waste, appealing to consumers looking for long-lasting and sustainable eyewear options. By integrating sustainability into their core values, companies are capitalizing on a growing demand for eco-friendly sports sunglasses and contributing to a more environmentally responsible sports industry.
On the contrary, seasonality of demand hampers the South & Central America sports sunglasses market.
Based on type, the South & Central America sports sunglasses market is bifurcated into polarized and non-polarized. The non-polarized segment held 74.5% share of South & Central America sports sunglasses market in 2022, amassing US$ 386.83 million. It is projected to garner US$ 602.24 million by 2030 to expand at 5.7% CAGR during 2022-2030.
Based on category, the South & Central America sports sunglasses market is segmented into men, women, unisex, and kids. The men segment held 45.8% share of South & Central America sports sunglasses market in 2022, amassing US$ 237.86 million. It is projected to garner US$ 352.64 million by 2030 to expand at 5.0% CAGR during 2022-2030.
Based on distribution channel, the South & Central America sports sunglasses market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held 52.4% share of South & Central America sports sunglasses market in 2022, amassing US$ 271.97 million. It is projected to garner US$ 440.02 million by 2030 to expand at 6.2% CAGR during 2022-2030.
Based on country, the South & Central America sports sunglasses market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 47.6% share of South & Central America sports sunglasses market in 2022. It was assessed at US$ 247.43 million in 2022 and is likely to hit US$ 375.68 million by 2030, exhibiting a CAGR of 5.4% during 2022-2030.
Key players operating in the South & Central America sports sunglasses market are Adidas AG, Decathlon SE, EssilorLuxottica SA, Nike Inc, Puma SE, and Safilo Group SpA, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America Sport Sunglasses Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Sports Sunglasses Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Materials:
4.3.2 Manufacturing Process:
4.3.3 Distribution Channel:
5. South & Central America Sports Sunglasses Market – Key Industry Dynamics
5.1 South & Central America Sports Sunglasses Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Upsurging Participation in Sports Activities
5.2.2 Increasing Awareness of UV Protection
5.3 Market Restraints
5.3.1 Seasonality of Demand
5.4 Market Opportunities
5.4.1 Rising Focus on Technological Advancements:
5.5 Future Trends
5.5.1 Emerging Inclination Toward Sustainable and Eco-Friendly Products
5.6 Impact of Drivers and Restraints:
6. Sports Sunglasses Market – South & Central America Market Analysis
6.1 South & Central America Sports Sunglasses Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Sports Sunglasses Market Forecast and Analysis
7. South & Central America Sports Sunglasses Market Analysis – Type
7.1 Polarized
7.1.1 Overview
7.1.2 Polarized: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Non-Polarized
7.2.1 Overview
7.2.2 Non-Polarized: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Sports Sunglasses Market Analysis – Category
8.1 Men
8.1.1 Overview
8.1.2 Men: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Women
8.2.1 Overview
8.2.2 Women: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Unisex
8.3.1 Overview
8.3.2 Unisex: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Kids
8.4.1 Overview
8.4.2 Kids: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Sports Sunglasses Market Analysis – Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Overview
9.1.2 Supermarkets and Hypermarkets: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
9.2 Specialty Stores
9.2.1 Overview
9.2.2 Specialty Stores: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Online Retail
9.3.1 Overview
9.3.2 Online Retail: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: South & Central America Sports Sunglasses Market, Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Sports Sunglasses Market – Country Analysis
10.1 South and Central America
10.1.1 South & Central America Sports Sunglasses Market Revenue and Forecasts and Analysis – By Country
10.1.1.1 South & Central America Sports Sunglasses Market Revenue and Forecasts and Analysis – By Country
10.1.1.2 Brazil: South & Central America Sports Sunglasses Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Brazil: South & Central America Sports Sunglasses Market Breakdown by Type
10.1.1.2.2 Brazil: South & Central America Sports Sunglasses Market Breakdown by Category
10.1.1.2.3 Brazil: South & Central America Sports Sunglasses Market Breakdown by Distribution Channel
10.1.1.3 Argentina: South & Central America Sports Sunglasses Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Argentina: South & Central America Sports Sunglasses Market Breakdown by Type
10.1.1.3.2 Argentina: South & Central America Sports Sunglasses Market Breakdown by Category
10.1.1.3.3 Argentina: South & Central America Sports Sunglasses Market Breakdown by Distribution Channel
10.1.1.4 Rest of South & Central America: South & Central America Sports Sunglasses Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 Rest of South & Central America: South & Central America Sports Sunglasses Market Breakdown by Type
10.1.1.4.2 Rest of South & Central America: South & Central America Sports Sunglasses Market Breakdown by Category
10.1.1.4.3 Rest of South & Central America: South & Central America Sports Sunglasses Market Breakdown by Distribution Channel
11. Company Profiles
11.1 EssilorLuxottica SA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Nike Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Puma SE
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Decathlon SE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Adidas AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Safilo Group SpA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About the Research Team
LIST OF TABLES
Table 1. South & Central America Sports Sunglasses Market Segmentation
Table 2. South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 4. South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 5. South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 6. South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 7. Brazil: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 8. Brazil: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Category
Table 9. Brazil: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 10. Argentina: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 11. Argentina: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Category
Table 12. Argentina: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
Table 13. Rest of South & Central America: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 14. Rest of South & Central America: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Category
Table 15. Rest of South & Central America: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn) – By Distribution Channel
LIST OF FIGURES
Figure 1. South & Central America Sports Sunglasses Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: South & Central America Sports Sunglasses Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Sports Sunglasses Market Revenue (US$ Million), 2022 – 2030
Figure 6. South & Central America Sports Sunglasses Market Share (%) – Type, 2022 and 2030
Figure 7. Polarized: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Non-Polarized: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. South & Central America Sports Sunglasses Market Share (%) – Category, 2022 and 2030
Figure 10. Men: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Women: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Unisex: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Kids: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. South & Central America Sports Sunglasses Market Share (%) – Distribution Channel, 2022 and 2030
Figure 15. Supermarkets and Hypermarkets: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Specialty Stores: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Online Retail: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Others: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. South & Central America Sports Sunglasses Market, By Key Country – Revenue (2022) (US$ Million)
Figure 20. South & Central America Sports Sunglasses Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. Brazil: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Argentina: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Rest of South & Central America: South & Central America Sports Sunglasses Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – South & Central America Sports Sunglasses Market
1. Adidas AG
2. Decathlon SE
3. EssilorLuxottica SA
4. Nike Inc
5. Puma SE
6. Safilo Group SpA
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