Industry Background:
Eyewear consists of accessories worn on or over the eyes, for protection against the environment, fashion or adornment, and to improve or enhance visual acuity. The luxury eyewear market is being driven by factors such as rising consumer disposable income, an increase in the global urban population, and increased awareness of luxury eyewear. Customized eyewear is a priority for market participants. De Rigo launch new luxury eyewear which contains cat-eye clear acetate front piece with gold-colored leaves, 24-carat gold-plated mirror lens, and jeweled metal temple microcast in a palm leaf shape.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | De Rigo (Italy), Eyetec (Belgium), Essilor (France), LVMH (France), Marchon (United States), Kering (France), Marcolin (Italy), OAKLEY (United States), OPTEC JAPAN CORPORATION (Japan) and Safilo (Italy) |
This growth is primarily driven by Increasing Levels of Pollution Globally, Growth in Number of Aging People Worldwide and Rising Disposable Income in Emerging Countries.
Globally, a noticeable market trend is evident Use of Customized Luxury Eyewear
Major Vendors, such as De Rigo (Italy), Eyetec (Belgium), Essilor (France), LVMH (France), Marchon (United States), Kering (France), Marcolin (Italy), OAKLEY (United States), OPTEC JAPAN CORPORATION (Japan) and Safilo (Italy), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Luxury Eyewear market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In December 2022, De Rigo acquired Rodenstock’s Eyewear division. Rodenstock Group is a global leader in eye health innovation and manufacturer of biometric, ophthalmic lenses developing market leading technologies. This acquisition helped company to expand its presence in luxury eyewear market
In April 2019, Safilo Group announced a joint venture agreement in South Korea with Parma International, which will favour the development of new distribution channels in the market together with marketing and digital communication services.
Regulatory Insights:
The Guide to U.S. Regulations & Manufacturing Standards Covering Eyeglass Frames, Prescription Lenses and Finished Eyewear Sold in the U.S. (May 2013) is intended for manufacturers, exporters, importers, retailers, and eye care professionals.
Influencing Trend:
Use of Customized Luxury Eyewear and Development of E-Commerce Sites to raise Online Sales
Market Growth Drivers:
Increasing Levels of Pollution Globally, Growth in Number of Aging People Worldwide and Rising Disposable Income in Emerging Countries
Challenges:
The Fluctuation of Raw Materials is anticipated to Challenge the Market
Restraints:
Growing Acceptance of Refractive Surgeries
Opportunities:
Increasing Demand for Luxury Eyewear, due to Use of Eyeware as a Fashion Accessory, Rising Demand for Innovative Eyewear for Better Vision and Higher Aesthetic Appeal and Growth of Advanced Technologies for Manufacturing Sunglasses
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Luxury Eyewear Market
- Analysis about New Entrants in Luxury Eyewear Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Luxury Eyewear Study Sheds Light on
The Luxury Eyewear Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Luxury Eyewear industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Luxury Eyewear industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.