Global Luxury Eyewear Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Luxury Eyewear Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Luxury eyewear is built to inspire through art and beauty. Luxury eyewear brands have an artistic expression. The market here only the super-premium to luxury price range is considered, and lenses and contact lenses are excluded.

Market Overview:

The latest research study on the global Luxury Eyewear market finds that the global Luxury Eyewear market reached a value of USD 23669.18 million in 2022. It’s expected that the market will achieve USD 35835.2 million by 2028, exhibiting a CAGR of 7.16% during the forecast period.

Market Driver Analysis

Besides leather goods and accessories, glasses are becoming a racing track for many luxury giants to compete for layout. Behind this, it is the great changes in the wearing habits of the younger generation: glasses are no longer just functional products that help to see things clearly or block the sun, but also choose different combinations according to the occasion and shape. Glasses have become an indispensable part in defining the overall shape.

Glasses are very different from other ornaments worn on the body, because they are a necessity and a tool for people who need to improve their eyesight. Some people only require it to have the most basic functions, but for others, they hope that the glasses they wear can not only provide perfect visual experience, but also express their own taste and show their different personalities and appearances. To this end, they are also willing to spend a little more.

With the improvement of people's living standards, the glasses industry is changing from the traditional and single functional retail industry to a new industry integrating fashion and wearing, and this space will be even broader in the future. Nowadays, it is becoming a trend to choose different glasses matching according to the use scene and clothing style. With the change of people's definition of glasses, glasses have become a part of the overall shape, and in the current fashion field, luxury goods are one of the pronouns to express fashion and taste. Luxury eyewear are designed to inspire by art and beauty. These eyewear usually have extremely high artistic expression, so they are welcomed by the market.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

EssilorLuxottica SA is one of the major players operating in the Luxury Eyewear market, holding a share of 52.66% in 2022.

EssilorLuxottica SA is an Italian-French vertically integrated multinational corporation based in Paris and founded on 1 October 2018 from the merger of the Italian Luxottica with the French Essilor. The group designs, produces and markets ophthalmic lenses, optical equipment, prescription glasses and sunglasses. The company has a portfolio of proprietary and licensed brands including Ray-Ban, Oakley, Michael Kors, Varilux, Crizal,Transitions, LensCrafters.

Established in 1934 in Italy’s Veneto region, Safilo Group is one of the eyewear industry’s principal players in the design, manufacturing and distribution of optical frames, sunglasses, sports eyewear, goggles and helmets. The Group designs and manufactures its collections by blending stylistic, technical and industrial innovation with quality and skillful craftsmanship.

Safilo Group’s portfolio encompasses own core brands: Carrera, Polaroid, Smith, Safilo, Blenders, Privé Revaux and Seventh Street. Licensed brands include: Banana Republic, BOSS, Carolina Herrera, Chiara Ferragni, Dsquared2, Eyewear by David Beckham, Fossil, havaianas, HUGO, Isabel Marant, Jimmy Choo, Juicy Couture, kate spade new york, Levi’s, Liz Claiborne, Love Moschino, Marc Jacobs, Missoni, M Missoni, Moschino, Pierre Cardin, PORTS, rag&bone, Rebecca Minkoff, Tommy Hilfiger, Tommy Jeans and Under Armour.

Segmentation Overview:

Among different product types, Sun Glasses segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Adults segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Luxury Eyewear market covered in Chapter 3:

Maui Jim
EssilorLuxottica SA
Safilo Group
LVMH (Thelios)
Marchon Eyewear, Inc.
Marcolin Group
Derigo
Kering

In Chapter 4 and Chapter 14.2, on the basis of types, the Luxury Eyewear market from 2018 to 2029 is primarily split into:

Optical Glasses
Sun Glasses
Decorative Glasses

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Luxury Eyewear market from 2018 to 2029 covers:

Children
Adults

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)