Global Luxury Eyewear Market to Grow at 4% CAGR by 2030

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Luxury Eyewear Market, The Global Luxury Eyewear Market size was valued at around USD 33 billion in 2024 and is projected to reach USD 42 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4% during the forecast period, i.e., 2025-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Luxury Eyewear Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2025-2030
Market Size in 2024: USD 33 billion
CAGR (2025-2030): 4%

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Global Luxury Eyewear Market Segmentation Breakdown:

By Product Type
- Eyeglasses
  - Prescription Glasses- Market Size Forecast 2020-2030, (USD Million)
  - Fashion Eyewear- Market Size Forecast 2020-2030, (USD Million)
  - Reading Glasses- Market Size Forecast 2020-2030, (USD Million)
  - Computer Glasses- Market Size Forecast 2020-2030, (USD Million)
- Sunglasses
  - Designer Sunglasses- Market Size Forecast 2020-2030, (USD Million)
  - Fashion Sunglasses- Market Size Forecast 2020-2030, (USD Million)
- Contact Lenses- Market Size Forecast 2020-2030, (USD Million)

The sunglasses segment dominates the marketplace in the luxurious eyewear industry, pushed by both style developments and the growing demand for UV protection.

By Glass Type
- Polaroid- Market Size Forecast 2020-2030, (USD Million)
- Non-Polaroid- Market Size Forecast 2020-2030, (USD Million)
By Demographics
- Gender
  - Men- Market Size Forecast 2020-2030, (USD Million)
  - Women- Market Size Forecast 2020-2030, (USD Million)
  - Unisex- Market Size Forecast 2020-2030, (USD Million)
  - Kids- Market Size Forecast 2020-2030, (USD Million)
- Age Group
  - (02-10) - Market Size Forecast 2020-2030, (USD Million)
  - (11-17) - Market Size Forecast 2020-2030, (USD Million)
  - (18-24) - Market Size Forecast 2020-2030, (USD Million)
  - (25-40) - Market Size Forecast 2020-2030, (USD Million)
  - (41-56) - Market Size Forecast 2020-2030, (USD Million)
  - (57+)- Market Size Forecast 2020-2030, (USD Million)
- By Price Range
  - USD 100 – 300- Market Size Forecast 2020-2030, (USD Million)
  - USD 301 – 500- Market Size Forecast 2020-2030, (USD Million)
  - USD 501 – 700- Market Size Forecast 2020-2030, (USD Million)
  - USD 701 – 900- Market Size Forecast 2020-2030, (USD Million)
  - Greater than () USD 900- Market Size Forecast 2020-2030, (USD Million)
- By Distribution Channels
  - Online- Market Size Forecast 2020-2030, (USD Million)
  - Offline- Market Size Forecast 2020-2030, (USD Million)
    - High-End Department Stores- Market Size Forecast 2020-2030, (USD Million)
    - Exclusive Brand Boutique- Market Size Forecast 2020-2030, (USD Million)
    - Optical Retailers- Market Size Forecast 2020-2030, (USD Million)
    - Luxury Retail Chains- Market Size Forecast 2020-2030, (USD Million)
    - Others (Hospitals Clinics)- Market Size Forecast 2020-2030, (USD Million
  - By Size
    - Small- Market Size Forecast 2020-2030, (USD Million)
    - Medium- Market Size Forecast 2020-2030, (USD Million)
    - Large- Market Size Forecast 2020-2030, (USD Million)
    - By Frame Material
      - Metal- Market Size Forecast 2020-2030, (USD Million)
      - Plastic Fiber- Market Size Forecast 2020-2030, (USD Million)
    - By Eyewear Shape
      - Rectangle- Market Size Forecast 2020-2030, (USD Million)
      - Square- Market Size Forecast 2020-2030, (USD Million)
      - Circle- Market Size Forecast 2020-2030, (USD Million)
      - Others- Market Size Forecast 2020-2030, (USD Million)
      - By Frame Type
        Rimmed- Market Size Forecast 2020-2030, (USD Million)
        Rimless- Market Size Forecast 2020-2030, (USD Million)
        Semi-Rimmed- Market Size Forecast 2020-2030, (USD Million)

Geographical Growth Insights:

By Region

North America
South America
Europe
The Middle East Africa
Asia-Pacific

North America holds the highest market share accounting for 40% of the entire market.

MarkNtel Advisors Highlights Key Market Drivers for Luxury Eyewear Market:

Prevalence of Poor Vision Growing Awareness of Eye Safety – Growing awareness of eye safety and care, along with the prevalence of poor vision are the main factors propelling the Global Luxury Eyewear Market. The need for eyewear is growing as more people experience vision issues because of factors like extended screen time environmental contaminants and aging populations. Globally, people use screens for six hours and forty minutes every day on average. The average daily screen time in the United States was 7 hours and 3 minutes. According to WHO estimates 2.2 billion people worldwide suffer from some kind of vision problem and this number may rise as the population ages. Demand for more expensive eyewear with more expensive lenses is rising as consumers become more conscious of the need to protect the eyes from the harmful rays of UV lights. In response luxury eyewear companies have started to offer more advanced protective features like UV-blocking and blue light-filtering lenses in addition to stylish designs. Luxury eyewear has become more appealing to health-conscious consumers due to its combination of premium design and practical advantages, which has further stimulated market expansion.

A Comprehensive Analysis of Leading Companies in Global Luxury Eyewear Market

EssilorLuxottica SA, Zeiss Group, UBON, Vision Service Plan Global, CooperVision Limited, Marcolin SpA, OTB Group, Luxottica Group SpA, Matsuda, Hermès International SCA, Safilo Group, Fielmann AG, HOYA Corporation, JAB Luxury GmbH, Warby Parker, and Others

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Global Luxury Eyewear Industry Recent Development:

July 2024: EssilorLuxottica declared its agreement to purchase the complete share capital of Optical Investment Group, a prominent Romanian optical retailer, from Innova/6, a private equity fund of Innova Capital Group, along with minority shareholders. This purchase is viewed as an important advancement in improving Romania's optical industry, supporting quality eyewear and eye care services.
June 2024: The Fielmann Group acquired Shopko Optical, an optical retailer based in Green Bay, Wisconsin, from Monarch Alternative Capital LP. This expansion will enhance Fielmann's presence in the U.S., serving customers through digital platforms and more than 220 physical stores in 19 states mostly in the Midwest.

What are the growth Opportunity driving the Global Luxury Eyewear Market?

Rise of Personalized Custom-Fit Eyewear – As customers search for unique styles that fit their comfort and tastes, the market for personalized and custom-fit luxury eyewear is increasing speedy. Current improvements like facial recognition software and 3D printing have completely modified the marketplace and allowed groups to offer customized eyewear options. Shoppers prefer frames that complement their facial attributes and lifestyle requirements, driving this trend forward.

Moreover, intelligent materials such as memory alloys are being more frequently utilized to create adaptable, custom designs. Europe and North America are at the forefront of the trend, while Asia-Pacific exhibits growing interest driven by rising disposable incomes and heightened fashion awareness. Customized eyewear reflects the wider luxury market's trend towards uniqueness and personalization, appealing to wealthy millennials and Gen Z shoppers who desire functional but distinctive items. For instance,

In October 2024, Tom Ford launched the ICON Eyewear Collection, highlighting a fusion of luxury and creativity. Crafted with premium ZEISS lenses, these spectacles provide accuracy and longevity. The assortment includes high-quality materials, such as acetate frames adorned with gold-toned highlights and detailed engravings.

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key subsegments, benefiting both market leaders and new entrants.

Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.

Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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