Market Overview:
The global luxury eyeglasses market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as an increase in disposable income, rising awareness about eye health, and technological advancements. In terms of type, the spectacles segment is expected to lead the global luxury eyeglasses market during the forecast period. This can be attributed to their low cost and high durability as compared to other types of eyewear such as sunglasses and others. In terms of application, online retailers are expected to witness higher growth than boutique or other retail channels during the forecast period.
Product Definition:
A luxury eyeglass is a type of eyewear that is typically more expensive than other types of glasses and is considered to be a status symbol. Luxury eyeglasses may feature higher-quality materials or construction, as well as more intricate designs. They are often marketed to those who want the best in terms of style and quality.
Spectacles:
The spectacles market is expected to grow at a lucrative rate over the forecast period. The growth of this industry can be attributed to technological advancements, increasing disposable income and rising awareness about vision correction options available. Spectacles are used by people with presbyopia, nearsightedness or farsightedness for vision correction purposes. They are also used by those who wear contact lenses or have been diagnosed with any kind of visual impairment.
Sunglasses:
Sunglasses are eyeglass frames that are used to protect the eyes from harmful ultraviolet (UV) rays. They can also protect against visible light and infrared (IR) ray, which is why they are known as visual protection or eye protection device.
Application Insights:
The others segment held the largest market share of more than 40.0% in 2017 and is expected to continue its dominance over the forecast period. The others application category includes prescription lenses, progressives, progressive bifocals and varifocals, adaptive optics technology (AoT), augmented reality (AR) and virtual reality (VR). Luxury eyeglasses are increasingly being adopted by athletes as a status symbol to showcase their brand image owing to its ability to enhance their appearance. Furthermore, technological advancements in smart glasses are expected to drive the growth of this segment during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to growing product demand, increasing disposable income and high standards of living coupled with favorable government initiatives for higher education. Europe accounted for a significant share in terms of revenue and is expected to grow at a steady pace over the forecast period owing to rising product demand from developed countries such as Germany, France, Italy and U.K., where Luxury Eyeglasses Market has witnessed an upsurge in sales post-Brexit vote due to consumers' willingness/needto spend more on luxury products after Brexit hit the economy hard (Luxury eyewear sales increased by 10% comparedto pre-Brexit levels).
Growth Factors:
- Increasing disposable income of consumers: The growth in the luxury eyeglasses market is mainly attributed to the increasing disposable income of consumers, especially in developing countries. This has led to an increase in demand for luxury eyewear products.
- Growing popularity of designer eyeglasses: Designer eyeglasses are becoming increasingly popular, with more and more people preferring to buy them over regular glasses. This is driving the growth of the luxury eyeglasses market.
- Rising awareness about eye health: There is a growing awareness among people about the importance of eye health and how proper care can help prevent vision problems later in life. This is leading to an increase in demand for high-quality sunglasses and prescription glasses, thereby boosting the growth of the luxury eyeglasses market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Eyeglasses Market Research Report
By Type
Spectacles, Sunglasses, Others
By Application
Boutique, Online Retailers, Others
By Companies
Chanel, Ray Ban, Oakley, LVMH, Dolce&Gabbana, Tom Ford, Gucci, Gentle Monster, Burberry, Kuboraum, Persol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Eyeglasses Market Report Segments:
The global Luxury Eyeglasses market is segmented on the basis of:
Types
Spectacles, Sunglasses, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Boutique, Online Retailers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chanel
- Ray Ban
- Oakley
- LVMH
- Dolce&Gabbana
- Tom Ford
- Gucci
- Gentle Monster
- Burberry
- Kuboraum
- Persol
Highlights of The Luxury Eyeglasses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spectacles
- Sunglasses
- Others
- By Application:
- Boutique
- Online Retailers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Eyeglasses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luxury eyeglasses are eyeglasses that are made with high-quality materials and craftsmanship. They typically have a higher price tag than standard eyeglasses, but they offer superior performance and comfort. Luxury eyeglasses can be expensive, but they're worth the investment if you want to look your best.
Some of the key players operating in the luxury eyeglasses market are Chanel, Ray Ban, Oakley, LVMH, Dolce&Gabbana, Tom Ford, Gucci, Gentle Monster, Burberry, Kuboraum, Persol.
The luxury eyeglasses market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Eyeglasses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Luxury Eyeglasses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Eyeglasses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Luxury Eyeglasses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Luxury Eyeglasses Market Size & Forecast, 2020-2028
4.5.1 Luxury Eyeglasses Market Size and Y-o-Y Growth
4.5.2 Luxury Eyeglasses Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Spectacles
5.2.2 Sunglasses
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Boutique
6.2.2 Online Retailers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Eyeglasses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Luxury Eyeglasses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Spectacles
9.6.2 Sunglasses
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Boutique
9.10.2 Online Retailers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Spectacles
10.6.2 Sunglasses
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Boutique
10.10.2 Online Retailers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Spectacles
11.6.2 Sunglasses
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Boutique
11.10.2 Online Retailers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Spectacles
12.6.2 Sunglasses
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Boutique
12.10.2 Online Retailers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Spectacles
13.6.2 Sunglasses
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Boutique
13.10.2 Online Retailers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Luxury Eyeglasses Market: Competitive Dashboard
14.2 Global Luxury Eyeglasses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chanel
14.3.2 Ray Ban
14.3.3 Oakley
14.3.4 LVMH
14.3.5 Dolce&Gabbana
14.3.6 Tom Ford
14.3.7 Gucci
14.3.8 Gentle Monster
14.3.9 Burberry
14.3.10 Kuboraum
14.3.11 Persol
