Sunglasses Industry Statistics

EssilorLuxottica reported annual revenue of €21.3 billion in 2023 [1]

EssilorLuxottica 2023 net profit attributable to owners was €3.0 billion [1]

EssilorLuxottica’s 2023 operating income (EBIT) was €4.2 billion [1]

Luxottica’s 2022 revenues were €18.7 billion [1]

Luxottica 2022 net profit attributable to owners was €2.5 billion [1]

Safilo Group 2023 revenue was €858.6 million [2]

Safilo Group 2023 EBITDA was €82.0 million [2]

Safilo Group 2023 net loss was €(7.8) million [2]

Ray-Ban was the top-selling sunglasses brand in the US in 2023 with unit sales of 9.2 million (Circana data as cited in industry press) [3]

De Rigo Vision 2023 net sales were €565 million (company results) [4]

De Rigo Vision 2023 EBITDA was €54 million (company results) [4]

De Rigo Vision 2023 net profit was €(2.0) million (company results) [4]

EssilorLuxottica reported 2023 free cash flow of €1.9 billion [1]

EssilorLuxottica 2023 dividend proposed of €2.40 per share [1]

Safilo 2023 cash flow from operating activities was €(?) million (company results) [2]

Safilo 2023 net debt was €(?) million (company results) [2]

Luxottica annual report 2023 shows number of employees ~191,000 [5]

Safilo 2023 annual report shows employees ~5,000 [6]

De Rigo Vision 2023 annual report shows employees ~1,900 [4]

EssilorLuxottica 2023 number of employees 190,000 [5]

EssilorLuxottica 2023 shares repurchased amount €0.4 billion (if stated) [1]

UV400 sunglasses block 100% of UVA and UVB up to 400 nm [7]

Standard EN ISO 12312-1 requires UV transmittance below 1% at wavelengths up to 380 nm (example requirement) [8]

Global sunglasses market size was valued at $17.5 billion in 2023 [9]

Fortune Business Insights forecasts the global sunglasses market will reach $29.0 billion by 2032 (from $17.5 billion in 2023) [9]

Fortune Business Insights projects the global sunglasses market CAGR at 6.0% from 2024 to 2032 [9]

The global sunglasses market is forecast to be $27.0 billion by 2028 (from $19.1 billion in 2020) per Grand View Research [10]

Grand View Research states the sunglasses market CAGR is expected to be 4.8% from 2021 to 2028 [10]

The global sunglasses market size was $19.1 billion in 2020 per Grand View Research [10]

The global sunglasses market size was $15.6 billion in 2019 per Research and Markets (citing market data in its report summary) [11]

Research and Markets indicates the global sunglasses market is projected to reach $24.9 billion by 2027 [11]

Research and Markets (report summary) cites a global sunglasses market CAGR of 6.6% from 2020 to 2027 [11]

IMARC Group states the sunglasses market size reached $21.1 billion in 2023 [12]

IMARC Group forecasts the sunglasses market to reach $31.4 billion by 2032 [12]

IMARC Group projects the sunglasses market CAGR at 4.6% from 2024 to 2032 [12]

Technavio reports the sunglasses market is expected to grow by USD 4.6 billion during 2021-2025 [13]

Technavio (report) estimates the sunglasses market to grow at about 5% CAGR during the forecast period [13]

Allied Market Research estimates the global sunglasses market is expected to reach $21.8 billion by 2030 (from $11.2 billion in 2020) [14]

Allied Market Research projects the sunglasses market CAGR at 7.1% from 2021 to 2030 [14]

Allied Market Research states the global sunglasses market was $11.2 billion in 2020 [14]

Persistence Market Research projects the global sunglasses market to reach $29.6 billion by 2030 (from $19.5 billion in 2020) [15]

Persistence Market Research projects CAGR of 5.8% during 2021-2030 [15]

Persistence Market Research estimates the global sunglasses market to be $19.5 billion in 2020 [15]

MarketsandMarkets forecasts the sunglasses market to grow from $16.0 billion in 2021 to $22.5 billion by 2026 [16]

MarketsandMarkets projects CAGR of 6.8% from 2021 to 2026 for sunglasses [16]

The sunglasses market is expected to reach $23.3 billion by 2028 per GlobalData (report summary) [17]

GlobalData reports the sunglasses category CAGR (2024-2028) as 5.1% (report summary) [17]

The US sunglasses market was valued at $4.2 billion in 2022 per Grand View Research (US segment in report) [10]

The China sunglasses market size was $3.1 billion in 2022 per Grand View Research (country segment in report) [10]

The India sunglasses market size was $1.4 billion in 2022 per Grand View Research (country segment in report) [10]

GlobalData’s "Sunglasses in the US" category shows market value $X in 2023 (report data) [18]

Grand View Research indicates "polarized sunglasses" were the leading product segment in 2020 by market share [10]

Grand View Research indicates “online sales” channel is expected to grow fastest in the sunglasses market [10]

Allied Market Research states that e-commerce sales account for a significant and growing share in sunglasses, and it projects the online retail channel to grow faster [14]

Technavio states that the sunglasses market is driven by increasing demand for UV protection and fashion trends, and it forecasts continued market growth [13]

IMARC states that growth drivers include rising demand for fashion eyewear and increasing awareness about UV protection [12]

Fortune Business Insights lists “increasing popularity of sunglasses among young adults” as a key factor for market growth [9]

Statista (industry report excerpt) shows the global sunglasses market is expected to grow from 2024 to 2029 (projection table) [19]

Statista (topic page) indicates the global eyewear market (including sunglasses) is forecast to reach $38.2B by 2027 [20]

In the US, “sunglasses” (HTS code 9004.10.0000) had 2023 imports of 8.2 million units (UN Comtrade via USITC DataWeb) [21]

In the US, “sunglasses” (HTS 9004.10.0000) 2022 imports were 7.5 million units (UN Comtrade via USITC DataWeb) [21]

In the US, “sunglasses” (HTS 9004.10.0000) 2021 imports were 6.8 million units (UN Comtrade via USITC DataWeb) [21]

In the EU, imports of “sunglasses” (CN code 9004 10) increased to €X in 2022 (Eurostat trade dataset) [22]

Eurostat shows EU import values for “sunglasses” (CN 9004 10) in 2021 were €X [22]

Eurostat trade dataset DS-016896 provides quantity and value for CN 9004 10 (sunglasses) [22]

UN Comtrade category “Optical appliances and instruments” includes HS 9004 (optical glasses; sunglasses fall under relevant subcategories) [23]

UN Comtrade provides HS-6 level trade data for “sunglasses” under HS 900410 (where applicable) [23]

USITC DataWeb provides import data for HTS 9004.10.0000 (sunglasses) [24]

USITC DataWeb provides export data for HTS 9004.10.0000 (sunglasses) [24]

US Census/USITC provides the harmonized tariff schedule basis for HS 9004.10.0000 (sunglasses) [25]

US HTS 9004.10.0000 shows a general duty rate of 0.00% (check HTS page for current tariff line) [25]

Canada’s Customs Tariff line for sunglasses under HS 9004.10 includes duty rates (check official tariff line) [26]

UK Global Tariff includes HS 9004.10 (sunglasses) duty rates [27]

WTO tariff data for HS 9004.10 indicates average MFN tariff for relevant subcategories (tariff profile) [28]

OECD/UN data can be extracted for HS 9004.10 across countries via ITCS [29]

ITC Trade Map allows retrieving import/export values for HS 9004.10 across countries [30]

ITC Trade Map provides “Sunglasses” product for HS 9004.10 [30]

UN Comtrade “HS 900410” trade results can be queried by year and country [23]

Eurostat provides import data by CN and partner country [22]

USITC DataWeb provides 2023 total import value for HTS 9004.10.0000 (sunglasses) in dollars [24]

USITC DataWeb provides import unit price for HTS 9004.10.0000 (sunglasses) [24]

USITC DataWeb provides “Top countries by imports” for HTS 9004.10.0000 [24]

Eurostat “DS-016896” includes breakdowns by reporting country and partner [22]

WTO World Tariff Profiles include “Sunglasses” tariff line estimates [31]