Market Overview:
The global premium eyewear market is expected to grow at a CAGR of 5.5% 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 alloy material segment is expected to lead the global premium eyewear market during the forecast period. This can be attributed to its properties such as light weight and corrosion resistance. In terms of application, men are expected to lead the global premium eyewear market during the forecast period owing to an increase in demand for sunglasses from this segment.
Product Definition:
Premium eyewear is a type of eyewear that is made with high-quality materials and often has a higher price tag than other types of eyewear. Premium eyewear can provide superior comfort, protection, and visual clarity for the wearer. It is an important investment for people who want the best possible vision and eye health.
Alloy Material:
Alloy material is a combination of two metals, which are normally separated by an intermetallic compound. The most common example of alloy materials is steel and iron, where the metallization can be either in the form of ferrite (Fe) or magnetite (Fe2O3). Alloy materials have wide applications in various end-use industries such as automotive & transportation, construction equipment industry and electrical & electronics.
Composite Material:
Composite materials are a combination of two or more substances, which when used to make a product provide enhanced properties compared to the individual components. The most common composite materials include glass and plastic; however, other composites such as carbon fiber are also gaining popularity in the market. Glass-plastic composites offer high strength and stiffness for weight advantages; however, they lack impact resistance.
Application Insights:
The women application segment held the largest share of over 70.0% in 2017. The growing trend of working and stay-at-home mothers opting for attractive, but affordable eyewear is expected to drive the demand for premium eyewear among women consumers across the globe. In addition, increasing awareness regarding eye health and vision correction is further anticipated to fuel market growth among women consumers globally.
Men application segment was valued over USD 1 billion in 2017 owing to rising awareness about vision improvement and corrective glasses among male adults globally. Increasingly popular social media influencers are promoting new styles of men¢â‚¬â„¢s frames along with their reviews on different models which may positively influence industry growth over the coming years as well as attract new consumers towards premium eyewear products worldwide.
Regional Analysis:
North America dominated the global premium eyewear market in 2017. The region is expected to witness a significant growth rate of 5.8% over the forecast period, owing to rising consumer awareness regarding vision correction and its role in overall well-being. In addition, increasing number of optometrists and ophthalmologists are also contributing towards regional market growth. According to American Optometric Association (AOA), around 47 million people suffer from vision problems each year in U.S.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast years due to rapid urbanization coupled with large population base especially in China.
Growth Factors:
- Increasing disposable income of consumers: The premium eyewear market is expected to grow as the disposable income of consumers increases. This is because premium eyewear products are seen as a luxury item and people are willing to spend more on them when they have the money to do so.
- Rising demand for fashion-forward eyewear: Another growth driver for the premium eyewear market is rising demand for fashion-forward products. Consumers are increasingly looking for unique and stylish designs in their eyeglasses, which has helped fuel growth in this segment of the market.
- Advances in technology: A third factor that is driving growth in the premium eyewear market is advances in technology, which have made these products more affordable and accessible to a wider range of consumers. This has helped boost sales and contribute to overall growth in this sector of the industry.
Scope Of The Report
Report Attributes
Report Details
Report Title
Premium Eyewear Market Research Report
By Type
Alloy Material, Composite Material, Other
By Application
Men, Women
By Companies
Luxottica Group S.p.A., Essilor International, Grand Vision, Formosa Optical, Carl Zeiss AG, Hoya Corporation, De Rigo S.p.A., Indo Internacional, Safilo Group S.p.A., Johnson & Johnson, CIBA Vision, CooperVision, GBV, Marchon, Fielmann AG, Bausch & Lomb, Charmant, TEK Optical Canada
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Premium Eyewear Market Report Segments:
The global Premium Eyewear market is segmented on the basis of:
Types
Alloy Material, Composite Material, Other
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
Men, Women
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:
- Luxottica Group S.p.A.
- Essilor International
- Grand Vision
- Formosa Optical
- Carl Zeiss AG
- Hoya Corporation
- De Rigo S.p.A.
- Indo Internacional
- Safilo Group S.p.A.
- Johnson & Johnson
- CIBA Vision
- CooperVision
- GBV
- Marchon
- Fielmann AG
- Bausch & Lomb
- Charmant
- TEK Optical Canada
Highlights of The Premium Eyewear 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:
- Alloy Material
- Composite Material
- Other
- By Application:
- Men
- Women
- 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 Premium Eyewear 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?
Premium eyewear is a type of eyeglasses that are made from high-quality materials and have a higher price tag. They are typically designed to last longer and provide better vision than other types of glasses.
Some of the key players operating in the premium eyewear market are Luxottica Group S.p.A., Essilor International, Grand Vision, Formosa Optical, Carl Zeiss AG, Hoya Corporation, De Rigo S.p.A., Indo Internacional, Safilo Group S.p.A., Johnson & Johnson, CIBA Vision, CooperVision, GBV, Marchon, Fielmann AG, Bausch & Lomb, Charmant, TEK Optical Canada.
The premium eyewear market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Premium Eyewear 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 Premium Eyewear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Premium Eyewear 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 Premium Eyewear 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 Premium Eyewear Market Size & Forecast, 2018-2028
4.5.1 Premium Eyewear Market Size and Y-o-Y Growth
4.5.2 Premium Eyewear Market Absolute $ Opportunity
Chapter 5 Global Premium Eyewear 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 Premium Eyewear Market Size Forecast by Type
5.2.1 Alloy Material
5.2.2 Composite Material
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Premium Eyewear 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 Premium Eyewear Market Size Forecast by Applications
6.2.1 Men
6.2.2 Women
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Premium Eyewear 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 Premium Eyewear 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 Premium Eyewear Analysis and Forecast
9.1 Introduction
9.2 North America Premium Eyewear 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 Premium Eyewear Market Size Forecast by Type
9.6.1 Alloy Material
9.6.2 Composite Material
9.6.3 Other
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 Premium Eyewear Market Size Forecast by Applications
9.10.1 Men
9.10.2 Women
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 Premium Eyewear Analysis and Forecast
10.1 Introduction
10.2 Europe Premium Eyewear 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 Premium Eyewear Market Size Forecast by Type
10.6.1 Alloy Material
10.6.2 Composite Material
10.6.3 Other
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 Premium Eyewear Market Size Forecast by Applications
10.10.1 Men
10.10.2 Women
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 Premium Eyewear Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Premium Eyewear 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 Premium Eyewear Market Size Forecast by Type
11.6.1 Alloy Material
11.6.2 Composite Material
11.6.3 Other
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 Premium Eyewear Market Size Forecast by Applications
11.10.1 Men
11.10.2 Women
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 Premium Eyewear Analysis and Forecast
12.1 Introduction
12.2 Latin America Premium Eyewear 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 Premium Eyewear Market Size Forecast by Type
12.6.1 Alloy Material
12.6.2 Composite Material
12.6.3 Other
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 Premium Eyewear Market Size Forecast by Applications
12.10.1 Men
12.10.2 Women
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) Premium Eyewear Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Premium Eyewear 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) Premium Eyewear Market Size Forecast by Type
13.6.1 Alloy Material
13.6.2 Composite Material
13.6.3 Other
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) Premium Eyewear Market Size Forecast by Applications
13.10.1 Men
13.10.2 Women
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 Premium Eyewear Market: Competitive Dashboard
14.2 Global Premium Eyewear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Luxottica Group S.p.A.
14.3.2 Essilor International
14.3.3 Grand Vision
14.3.4 Formosa Optical
14.3.5 Carl Zeiss AG
14.3.6 Hoya Corporation
14.3.7 De Rigo S.p.A.
14.3.8 Indo Internacional
14.3.9 Safilo Group S.p.A.
14.3.10 Johnson & Johnson
14.3.11 CIBA Vision
14.3.12 CooperVision
14.3.13 GBV
14.3.14 Marchon
14.3.15 Fielmann AG
14.3.16 Bausch & Lomb
14.3.17 Charmant
14.3.18 TEK Optical Canada
