PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535826
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535826
Luxury Eyewear Market - By Product Type, By Shape, By Frame size By Price Range, By End User, By Distribution Channel Region, & Forecast 2024 - 2032
Global Luxury Eyewear Market will witness a 3.9% CAGR from 2024 to 2032, driven by the expansion of online retail channels. The e-commerce platforms and luxury online stores make it easier for customers to browse and purchase high-end eyewear from the comfort of their homes. This accessibility attracts a broader audience and allows brands to reach a global customer base. Against this backdrop, in July 2024, EssilorLuxottica announced its acquisition of Optical Investment Group, expanding its optical retail presence in Romania. The move enhances the company's commitment to improving access to high-quality vision care in the Romanian market, benefiting consumers as well as industry partners.
Increasing disposable incomes globally are enabling more consumers to invest in high-end eyewear, driven by both fashion and functionality. The rise of social media and influencer culture has also heightened the visibility and desirability of luxury brands, encouraging aspirational purchasing behaviors. Additionally, advancements in eyewear technology and materials have led to more innovative and high-quality products, attracting consumers who value both style and performance. These factors together drive the market growth.
The luxury eyewear market is classified based on product type, shape, frame size, price range, end user, distribution channel, and region.
The sunglasses segment will register a notable CAGR through 2032, driven by an emphasis on premium lifestyle and fashion. Consumers are seeking high-quality, stylish sunglasses that not only provide protection but also serve as a status symbol. The integration of sophisticated design elements, combined with a growing appreciation for artisanal craftsmanship, has heightened the adoption of luxury sunglasses. The enhanced marketing efforts and the influence of celebrity endorsements have further spurred consumer interest, leading to a surge in demand for these high-end accessories.
The USD 200 - USD 500 price range segment will acquire a significant luxury eyewear market share by 2032, fueled by consumers' desire for exclusivity and perceived value. This price range strikes a balance between affordability and premium quality, appealing to those seeking high-end fashion without the exorbitant costs of top-tier brands. The better quality of materials, distinctive designs, and brand prestige associated with this price range attract discerning consumers who prioritize style and value.
North America luxury eyewear market will exhibit a decent CAGR during the forecast period, owing to an increase in high-income households and a focus on personal style. Consumers in the region are investing in premium accessories that reflect their social status and individual tastes. The expanding online retail presence and high levels of brand loyalty aid the market growth, as consumers seek exclusive products available through digital channels.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Technological overview
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Rising consumer disposable income
- 3.6.1.2 Growing awareness of eye health
- 3.6.1.3 Changing consumer preferences
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 Counterfeit products
- 3.6.2.2 Changing consumer preferences
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Million) (Million Units)
- 5.1 Key trends
- 5.2 Eyeglasses
- 5.3 Sunglasses
Chapter 6 Market Estimates & Forecast, By Shape, 2021-2032 (USD Million) (Million Units)
- 6.1 Key trends
- 6.2 Round
- 6.3 Oval
- 6.4 Square
- 6.5 Others
Chapter 7 Market Estimates & Forecast, By Frame Size, 2021-2032 (USD Million) (Million Units)
- 7.1 Key trends
- 7.2 Small
- 7.3 Medium
- 7.4 Large
Chapter 8 Market Estimates & Forecast, By Price Range, 2021-2032 (USD Million) (Million Units)
- 8.1 Key trends
- 8.2 USD 200 - USD 500
- 8.3 USD 500 - USD 1,000
- 8.4 USD 1,000+
Chapter 9 Market Estimates & Forecast, By End User, 2021-2032 (USD Million) (Million Units)
- 9.1 Key trends
- 9.2 Men
- 9.3 Women
- 9.4 Kids
Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Million) (Million Units)
- 10.1 Key trends
- 10.2 Online
- 10.3 Offline
Chapter 11 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Million Units)
- 11.1 Key trends
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Russia
- 11.3.7 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 Australia
- 11.4.6 Rest of Asia Pacific
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Rest of Latin America
- 11.6 MEA
- 11.6.1 South Africa
- 11.6.2 Saudi Arabia
- 11.6.3 UAE
- 11.6.4 Rest of MEA
Chapter 12 Company Profiles
- 12.1 Balenciaga
- 12.2 Barton Perreira, LLC
- 12.3 Brioni S.p.A
- 12.4 Bulgari (stylized as BVLGARI)
- 12.5 Burberry Group PLC
- 12.6 Calvin Klein Inc.
- 12.7 Cartier International SNC
- 12.8 Christian Dior Couture
- 12.9 Dolce & Gabbana Srl
- 12.10 EssilorLuxottica (Oakley, Inc.)
- 12.11 Giorgio Armani S.p.A.
- 12.12 Gold & Wood Luxury Eyewear
- 12.13 Gucci (Kering S.A.)
- 12.14 MOSCOT
- 12.15 MYKITA GmbH
- 12.16 Oliver Peoples
- 12.17 Porsche Design (Porsche SE)
- 12.18 Prada S.p.A. (Prada Holding S.p.A)
- 12.19 Ralph Lauren Corporation
- 12.20 Tom Ford International LLC
