GITNUX MARKETDATA REPORT 2024

Must-Know Sunglass Industry Statistics [Current Data]

Statistic 1

"In the UK, online sales of sunglasses accounted for 30% of total sales in 2020."

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Statistic 2

"The premium sunglasses segment accounted for approximately 20% of the market in 2020."

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Statistic 3

"In the US, the average selling price of sunglasses increased by 5% in 2020 compared to 2019."

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Statistic 4

"The market is expected to grow at a compound annual growth rate (CAGR) of 5% from 2021 to 2028."

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Statistic 5

"In 2019, Ray-Ban held a 5% share of the global sunglasses market."

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Statistic 6

"Asia Pacific is expected to grow at the highest CAGR of 6.5% from 2021 to 2028."

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Statistic 7

"Men’s sunglasses accounted for about 40% of the market share in 2020."

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Statistic 8

"North America accounted for more than 35% of the global market share in 2020."

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Statistic 9

"The polarized sunglasses segment accounted for over 30% of the market share in 2020."

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Statistic 10

"The global sunglasses market size was valued at approximately $14.2 billion in 2020."

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Statistic 11

"Approximately 75% of sunglasses sold globally in 2020 were non-prescription."

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Statistic 12

"High-end designer sunglasses sales saw an increase of 12% in 2020."

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Statistic 13

"By 2028, the global sunglasses market is expected to reach $27.4 billion."

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Statistic 14

"LensCrafters is one of the largest retailers of prescription sunglasses in the United States, holding about 25% market share as of 2021."

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Statistic 15

"Luxottica Group holds nearly 60% of the global eyewear market, including sunglasses."

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Statistic 16

"China is the largest producer of sunglasses, contributing about 50% of the global production in 2020."

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Statistic 17

"Online sales for sunglasses grew by 17% in 2020 compared to the previous year."

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Statistic 18

"The sporty sunglasses segment is expected to grow at a CAGR of 4.5% from 2021 to 2028."

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Statistic 19

"Sunglass Hut, owned by Luxottica, is the largest specialty retailer of sunglasses, contributing to significant sales in 2020."

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Statistic 20

"The unisex sunglasses category holds the largest market share of more than 45% as of 2020."

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