Market Snapshot:
Eyewear consists of accessories worn on or over the eyes, for protection against the environment, fashion or adornment, and to improve or enhance visual acuity. The luxury eyewear market is being driven by factors such as rising consumer disposable income, an increase in the global urban population, and increased awareness of luxury eyewear. Customized eyewear is a priority for market participants. De Rigo launch new luxury eyewear which contains cat-eye clear acetate front piece with gold-colored leaves, 24-carat gold-plated mirror lens, and jeweled metal temple microcast in a palm leaf shape.
Highlights from Luxury Eyewear Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are De Rigo (Italy), Eyetec (Belgium), Essilor (France), LVMH (France), Marchon (United States), Kering (France), Marcolin (Italy), OAKLEY (United States), OPTEC JAPAN CORPORATION (Japan) and Safilo (Italy). Additionally, other players that are part of this comprehensive study are Bausch & Lomb Inc.(United States), Carl Zeiss AG (Germany) and Chemilens (China).
Geographic Breakdown and Segment Analysis
The Global Luxury Eyewear market presents a comprehensive analysis of the Luxury Eyewear market by product type (Eyeglasses (Nearsighted Glasses, Hyperopia Glasses), Sunglasses (Anti-Radiation Glasses, Decorative Glasses) and Others (Lenses)), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Luxury Eyewear industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Luxury Eyewear market
Analyst at AMA have segmented the market study of Global Luxury Eyewear market by Type, Application and Region.
Influencing Trend:
Use of Customized Luxury Eyewear and Development of E-Commerce Sites to raise Online Sales
Market Growth Drivers:
Increasing Levels of Pollution Globally, Growth in Number of Aging People Worldwide and Rising Disposable Income in Emerging Countries
Challenges:
The Fluctuation of Raw Materials is anticipated to Challenge the Market
Restraints:
Growing Acceptance of Refractive Surgeries
Opportunities:
Increasing Demand for Luxury Eyewear, due to Use of Eyeware as a Fashion Accessory, Rising Demand for Innovative Eyewear for Better Vision and Higher Aesthetic Appeal and Growth of Advanced Technologies for Manufacturing Sunglasses
Market Developments Activities:
In December 2022, De Rigo acquired Rodenstock’s Eyewear division. Rodenstock Group is a global leader in eye health innovation and manufacturer of biometric, ophthalmic lenses developing market leading technologies. This acquisition helped company to expand its presence in luxury eyewear market
In April 2019, Safilo Group announced a joint venture agreement in South Korea with Parma International, which will favour the development of new distribution channels in the market together with marketing and digital communication services.
Regulatory Insights:
The Guide to U.S. Regulations & Manufacturing Standards Covering Eyeglass Frames, Prescription Lenses and Finished Eyewear Sold in the U.S. (May 2013) is intended for manufacturers, exporters, importers, retailers, and eye care professionals.
Luxury Eyewear market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Target Audience
Luxury Eyewear Manufacturer, Luxury Eyewear Suppliers/Distributors and Raw Material Suppliers