NEW YORK , Aug. 6, 2024 /PRNewswire/ -- The global luxury eyewear market size is estimated to grow by USD 3.94 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 4.5% during the forecast period. Innovation and portfolio extension leading to product premiumization is driving market growth, with a trend towards utility of eyewear as a fashion product.
However, threat from counterfeit products poses a challenge. Key market players include Arias Eyewear, Astra Lifestyle, CHARMANT Group, 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 S.
p.A, SUNGLASSCURATOR, Titan Co. Ltd.
, and Vision Nexgen. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver Luxury eyewear manufacturers and designers are concentrating on creating innovative styles, shapes, sizes, colors, and structural designs for eyeglasses and sunglasses. Consumers now have a wide range of options based on their needs and occasions, such as office wear, casual wear, party wear, and beachwear.
Prescription sunglasses have become popular, with many consumers owning two pairs for daily use. Young adults and teenagers are the primary consumers of fashionable luxury sunglasses, enhancing their style. Women's economic independence has expanded their purchasing power for premium and .