Luxury Eyewear Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 133

SKU: IRTNTR71574

Snapshot

The luxury eyewear market share is expected to increase by USD 3.99 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.52%.

This luxury eyewear market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers luxury eyewear market segmentation by type (eyeglasses and sunglasses) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The luxury eyewear market report also offers information on several market vendors, including Arias Eyewear, Astra Lifestyle, CHARMANT Inc., Concept Eyewear, Cutler and Gross Ltd., Eleganzo Inc., EssilorLuxottica, Fielmann AG, Kering SA, Marchon Eyewear Inc., Marcolin Spa, MAUI JIM Inc., Maybach Eyewear, Safilo Group Spa, SUNGLASSCURATOR, Titan Company Ltd., and Vision Nexgen among others.

What will the Luxury Eyewear Market Size be During the Forecast Period?

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Luxury Eyewear Market: Key Drivers, Trends, and Challenges

The innovation and portfolio extension leading to product premiumization is notably driving the luxury eyewear market growth, although factors such as the threat from counterfeit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the luxury eyewear industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Luxury Eyewear Market Driver

One of the key factors driving growth in the luxury eyewear market is innovation and portfolio extension leading to product premiumization. The global luxury eyewear market demands regular innovations, as customers are always on the lookout for innovative products that offer an optimal level of usage. Key vendors in the market have been focusing on enhancing the quality of their products to execute proper branding to project the facts about their products, which attract brand-conscious customers. Customers are ready to buy expensive brand products because it inflates their worth by showing a high-status quo in society. Health awareness among consumers, especially on vision care to protect the eyes from the harmful effects of UVA and UVB rays, is driving the demand for premium eyewear. These advancements in technology will drive the market during the forecast period

Key Luxury Eyewear Market Trend

The utility of eyewear as a fashion product is one of the major trends impacting the luxury eyewear market growth. Luxury eyewear manufacturers and designers are increasingly focusing on the development of eyeglasses and sunglasses in new styles, shapes, sizes, colors, and structural orientations. With the continuous improvisation of product development and product innovation, consumers have options to choose products depending on the occasion and need, such as office wear, casual wear, party wear, and beachwear. Prescription sunglasses have gained immense popularity over a period, with many consumers maintaining two pairs of glasses for daily use, one pair of regular prescription eyeglasses and another as prescription sunglasses.

Key Luxury Eyewear Market Challenge

The threat from counterfeit products will be a major challenge for the luxury eyewear market during the forecast period. The growing market prospects of fashion products and their surging demand are driving the market for counterfeit luxury eyewear, particularly in developing regions. The advent and growing penetration of e-commerce have further propelled the sales of counterfeit products by widening their geographical reach. Customers face difficulties in distinguishing between genuine and counterfeit products, as they appear similar. The availability of a large number of counterfeits in the luxury eyewear segment reduces the trust of customers in e-commerce websites. Therefore, counterfeit products adversely impact the sales volume, in addition to pricing, and negatively impact the country's economy and consumers' faith.

This luxury eyewear market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global luxury eyewear market as a part of the global apparel, accessories, and luxury goods market, within the textiles, apparel, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the luxury eyewear market during the forecast period.

Who are the Major Luxury Eyewear Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the luxury eyewear market encompasses successful business strategies deployed by the key vendors. The luxury eyewear market is fragmented and the vendors are deploying growth strategies such as focusing on product innovation to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The luxury eyewear market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

Luxury Eyewear Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the luxury eyewear market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Luxury Eyewear Market?

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34% of the market's growth will originate from North America during the forecast period. The US is the key market for luxury eyewear in North America. However, the market growth rate in North America will be slower than the growth of the market in other regions.

The growing consumer interest in fashion products will facilitate the luxury eyewear market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Luxury Eyewear Market?

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The luxury eyewear market share growth in the eyeglasses segment will be significant during the forecast period. The eyeglasses segment in the global luxury eyewear market is expected to experience steady growth due to the increased adoption of contact lenses and refractive eye correction surgeries among customers.

This report provides an accurate prediction of the contribution of all the segments to the growth of the luxury eyewear market size and actionable market insights on the post-COVID-19 impact on each segment.

Luxury Eyewear Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.52%
Market growth 2022-2026	$3.99 billion
Market structure	Fragmented
YoY growth (%)	4.82
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 34%
Key consumer countries	US, China, France, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Arias Eyewear, Astra Lifestyle, CHARMANT Inc., Concept Eyewear, Cutler and Gross Ltd., Eleganzo Inc., EssilorLuxottica, Fielmann AG, Kering SA, Marchon Eyewear Inc., Marcolin Spa, MAUI JIM Inc., Maybach Eyewear, Safilo Group Spa, SUNGLASSCURATOR, Titan Company Ltd., and Vision Nexgen
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Luxury Eyewear Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive luxury eyewear market growth during the next five years
Precise estimation of the luxury eyewear market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the luxury eyewear industry across North America, Europe, APAC, South America, and the Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of luxury eyewear market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type

5.3 Eyeglasses - Market size and forecast 2021-2026
- Exhibit 28: Chart on Eyeglasses - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Eyeglasses - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Eyeglasses - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Eyeglasses - Year-over-year growth 2021-2026 (%)

5.4 Sunglasses - Market size and forecast 2021-2026
- Exhibit 32: Chart on Sunglasses - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Sunglasses - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Sunglasses - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Sunglasses - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 France - Market size and forecast 2021-2026
- Exhibit 70: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on France - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 CHARMANT Inc.
- Exhibit 89: CHARMANT Inc. - Overview
- Exhibit 90: CHARMANT Inc. - Product / Service
- Exhibit 91: CHARMANT Inc. - Key offerings

10.4 Eleganzo Inc.
- Exhibit 92: Eleganzo Inc. - Overview
- Exhibit 93: Eleganzo Inc. - Product / Service
- Exhibit 94: Eleganzo Inc. - Key offerings

10.5 EssilorLuxottica
- Exhibit 95: EssilorLuxottica - Overview
- Exhibit 96: EssilorLuxottica - Business segments
- Exhibit 97: EssilorLuxottica - Key news
- Exhibit 98: EssilorLuxottica - Key offerings
- Exhibit 99: EssilorLuxottica - Segment focus

10.6 Fielmann AG
- Exhibit 100: Fielmann AG - Overview
- Exhibit 101: Fielmann AG - Business segments
- Exhibit 102: Fielmann AG - Key news
- Exhibit 103: Fielmann AG - Key offerings
- Exhibit 104: Fielmann AG - Segment focus

10.7 Kering SA
- Exhibit 105: Kering SA - Overview
- Exhibit 106: Kering SA - Business segments
- Exhibit 107: Kering SA - Key offerings
- Exhibit 108: Kering SA - Segment focus

10.8 Marchon Eyewear Inc.
- Exhibit 109: Marchon Eyewear Inc. - Overview
- Exhibit 110: Marchon Eyewear Inc. - Product / Service
- Exhibit 111: Marchon Eyewear Inc. - Key offerings

10.9 Marcolin Spa
- Exhibit 112: Marcolin Spa - Overview
- Exhibit 113: Marcolin Spa - Business segments
- Exhibit 114: Marcolin Spa - Key offerings
- Exhibit 115: Marcolin Spa - Segment focus

10.10 MAUI JIM Inc.
- Exhibit 116: MAUI JIM Inc. - Overview
- Exhibit 117: MAUI JIM Inc. - Product / Service
- Exhibit 118: MAUI JIM Inc. - Key offerings

10.11 Safilo Group Spa
- Exhibit 119: Safilo Group Spa - Overview
- Exhibit 120: Safilo Group Spa - Business segments
- Exhibit 121: Safilo Group Spa - Key offerings
- Exhibit 122: Safilo Group Spa - Segment focus

10.12 Titan Company Ltd.
- Exhibit 123: Titan Company Ltd. - Overview
- Exhibit 124: Titan Company Ltd. - Business segments
- Exhibit 125: Titan Company Ltd. - Key offerings
- Exhibit 126: Titan Company Ltd. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 127: Inclusions checklist
- Exhibit 128: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 129: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 130: Research methodology
- Exhibit 131: Validation techniques employed for market sizing
- Exhibit 132: Information sources

11.5 List of abbreviations
- Exhibit 133: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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