If you’re in the sunglass industry, you know that staying up-to-date on the latest trends and statistics is essential to staying competitive. In this blog post, we’ll take a look at some of the most important statistics related to the sunglass industry.
We’ll explore the size of the industry, the most popular brands, and the most popular styles. We’ll also look at the impact of technology on the industry and the future of the sunglass industry. By the end of this post, you’ll have a better understanding of the sunglass industry and how to stay ahead of the competition.
Sunglass Industry: The Most Important Statistics
The USA and France were the biggest importers of Italian sunglasses, accounting for 28% and 11.8% of the total export value respectively.
#The US, China and Germany are the top 3 markets for eyewear revenue in 2022, with the US having the highest revenue of 29.38 billion US dollars.
Sunglass Industry Statistics Overview
The number of people owning sunglasses in France increased from 2018 to 2020, with an estimated 30.2 million people owning sunglasses in 2020.
This shows that the demand for sunglasses is increasing in France. It could indicate that the sunglass industry in France is growing and that businesses should consider investing in the market.
86.7% of 18-34 year olds in the US wear sunglasses, the highest proportion of any age group.
Italy was the largest exporter of sunglasses in 2021, followed by China, Hong Kong and the USA.
The USA and France were the biggest importers of Italian sunglasses, accounting for 28% and 11.8% of the total export value respectively.
These figures provide insight into the two biggest markets for Italian sunglasses, allowing manufacturers to better understand where to focus their efforts in terms of marketing and distribution.
The prescription sunglasses market is projected to grow by 2.3 billion dollars from 2022 to 2029, reaching 8 billion U.S. dollars by 2029.
On these numbers, we can see the potential growth of the sunglass industry in the upcoming years. This growth can be used to inform decisions about investments and marketing strategies in the industry. Additionally, it can be utilised to measure the success of current strategies and identify areas for improvement.
The US, China and Germany are the top 3 markets for eyewear revenue in 2022, with the US having the highest revenue of 29.38 billion US dollars.
63% of respondents in Spain stated that their reason to buy sunglasses in optical stores was the price in 2018, which is important to the Sunglass Industry as it shows that price is a major factor in consumer decision-making.
Protection index was the most important criteria for French consumers when buying sunglasses in 2018.
Therefore, the protection index is a key factor when consumers are making their purchase decisions. For this reason, companies should ensure that their products meet the necessary protection standards and they should adjust their marketing strategies accordingly.
In 2020, an estimated 2.4 million people in France spent less than 15 euros on sunglasses, while 1.4 million people spent between 15 and 30 euros.
According to this statistic, the majority of people in France are spending less than 15 euros on sunglasses, which can be used to inform marketing and pricing strategies for sunglass companies.
79 thousand people in Great Britain spent 200 British pounds or more on sunglasses in 2020.
Supplementary Statistics
The global sunglasses market size was valued at USD 14.5 billion in 2018.
The market size for sunglasses has grown significantly in recent years, demonstrating the increasing demand for these products. This statistic is a testament to the fact that the sunglass industry is a lucrative and growing sector, and provides a great opportunity for businesses to capitalize on.
The sunglasses industry is predicted to grow at a compound annual growth rate (CAGR) of 5.8% from 2019 to 2029.
This is an important piece of information for anyone interested in the sunglasses industry, as it provides an indication of the potential for success in the sector. Furthermore, it can be used to inform decisions about investments, marketing strategies, and other business decisions.
The largest regional market for sunglasses is Asia Pacific, accounting for 35.2% of sales revenue in 2018.
This highlights the immense opportunity for businesses to capitalize on the region’s high demand for sunglasses and capitalize on the 35.2% of sales revenue it generates. It is a clear indication that the Asia Pacific region is a lucrative market for sunglasses and should not be overlooked.
By 2026, the sunglasses industry is estimated to reach a value of USD 38.84 billion.
The industry is expected to experience tremendous growth in the coming years, making it an attractive investment opportunity for entrepreneurs and businesses. This statistic is a clear indication that the sunglasses industry is on the rise and is poised to become a major player in the global economy.
Nearly 91% of millennials use sunglasses primarily for fashion as opposed to eye protection.
Millennials are more likely to purchase sunglasses for their aesthetic appeal than for their practical use. This is an important insight for businesses in the sunglass industry, as it suggests that they should focus on creating fashionable designs that appeal to millennials.
Women make up 60% of the global sunglasses market demand.
Women are a major driving force in the industry, and that companies should be paying attention to their needs and preferences when it comes to sunglasses. This statistic is a reminder that the sunglasses industry should be catering to the needs of female customers, and that companies should be investing in marketing and product development that appeals to them.
Luxottica, the world’s largest eyewear company, holds a 14% share of the global eyewear market, including sunglasses.
With a 14% share of the global eyewear market, including sunglasses, Luxottica has established itself as a major player in the industry. This statistic is a reminder of the importance of understanding the competitive landscape when it comes to the sunglass industry.
52% of US consumers reported owning at least one pair of sunglasses in 2016.
The sunglass industry is thriving and that there is a large market for sunglasses in the US. This statistic is important for anyone interested in the sunglass industry, as it provides insight into the size of the market and the potential for growth.
Premium sunglasses over USD 200 account for 8% of the overall market.
This statistic reveals that the high-end market is a significant portion of the overall market. This means that the industry is not only driven by the lower-priced sunglasses, but also by the more expensive ones. This is an important insight for anyone looking to gain a better understanding of the Sunglass Industry.
Around 70% of sunglasses sold in the US are manufactured in China.
It is a valuable insight into the Sunglass Industry, and provides a glimpse into the current state of the industry.
Sales revenue from polarized sunglasses is expected to reach about USD 5.5 billion in 2022.
The market for polarized sunglasses is growing rapidly and is expected to reach a staggering USD 5.5 billion in 2022. This is a clear indication that the sunglass industry is a lucrative and profitable sector, and one that is worth investing in.
The plastic sunglasses segment is predicted to grow by a CAGR of 3.36% between 2021-2025.
It is an important piece of information for anyone interested in the sunglass industry, as it can help them make informed decisions about their investments and strategies. With this statistic, businesses can plan ahead and anticipate the potential for growth in the plastic sunglasses segment.
Approximately 30,000 jobs are sustained by the sunglasses industry in the United States.
The industry is a major employer, providing livelihoods to thousands of people. This is a powerful reminder of the impact the industry has on the economy and the lives of those employed in it.
The global prescription sunglasses market is predicted to grow at a CAGR of 6% from 2018 to 2023.
The market is likely to expand at a steady rate over the next few years, indicating that the industry is likely to remain a viable and profitable one. This is important information for anyone interested in the sunglass industry, as it can help them make informed decisions about their investments and business strategies.
Men’s sunglasses sales contributed to around 56.4% of total revenues in 2020.
Thus, the demand for men’s sunglasses is significantly higher than that of other types of sunglasses, and that the industry is heavily reliant on the sales of men’s sunglasses for its revenues. This statistic is a valuable insight into the sunglass industry and can be used to inform decisions about marketing strategies, product development, and pricing.
Oakley holds a significant market share, leaving more than 80% of the market to other brands.
This statistic speaks volumes about the brand’s ability to capture the attention of consumers and remain competitive in the market. It also highlights the potential for other brands to gain a foothold in the industry, as there is still a large portion of the market that is open to them.
The US held the majority share of 38.1% in North America’s sunglasses market in 2019.
The US is a major player in the industry, and that its share of the market is significant. This is important information for anyone looking to gain insight into the sunglasses industry, as it provides a clear indication of the US’s influence in the region.
The online sales segment is expected to witness the fastest growth in the sunglasses market during the forecast period, at a CAGR of nearly 6.3%.
It shows that the segment is expected to experience a significant growth in the coming years, with a CAGR of nearly 6.3%. This is an important insight for anyone interested in the sunglasses industry, as it highlights the potential of the online sales segment and the opportunities it presents.
Over 90% of people suffering from photophobia, or light sensitivity, regularly use sunglasses to relieve symptoms.
This highlights the importance of sunglasses in the lives of those who suffer from light sensitivity, and serves as a reminder of the value of the sunglass industry in providing relief to those in need.
Conclusion
The sunglass industry is a booming business that is expected to continue to grow in the coming years. With the increasing demand for sunglasses, companies are continually innovating and creating new products to meet the needs of consumers.
The industry is also becoming more competitive, with companies competing for market share. With the right strategies, companies can capitalize on the growth of the sunglass industry and take advantage of the opportunities it presents.
References
1 – Number of people owning sunglasses in France from 2014 to 2020 | Statista
2 – Share of adult population wearing sunglasses by age group U.S. 2016 | Statista
3 – Global major sunglass exporting countries 2021 | Statista
4 – Italy: leading export markets for sunglasses 2020 | Statista
5 – Estimated revenue of prescription (Rx) sunglasses market worldwide from 2022 to 2029 | Statista
6 – Global: eyewear market revenue by country 2022 | Statista
7 – Reasons for buying sunglasses in optical stores in the city center in Spain in 2017 and 2018 | Statista
8 – France: purchase criteria for sunglasses 2018 | Statista
9 – Sunglasses expenditure in France 2014-2020 | Statista
10 – Sunglasses expenditure in the UK 2015-2020 | Statista
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