Luxury Sunglasses Market Size, Trends and Insights By Product (Polarized, Non-polarized), By Type (Aviator Sunglasses, Wayfarer Sunglasses, Round Sunglasses, Sport Sunglasses, Others), By Application (Fashion and Style, Sports and Performance, Driving and Automotive, Outdoor Activities, Others), By Gender (Male, Female), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Luxottica Group S.p.A.
- Safilo Group S.p.A.
- EssilorLuxottica
- Kering Eyewear
- LVMH Moët Hennessy – Louis Vuitton SE
- Others
Reports Description
As per the current market research conducted by CMI Team, the global Luxury Sunglasses Market is expected to record a CAGR of 7.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 6,426.2 Million. By 2033, the valuation is anticipated to reach USD 12,633.4 Million.
The luxury sunglasses market encompasses the production, distribution, and consumption of high-end eyewear products renowned for their premium quality, exquisite craftsmanship, and aspirational brand positioning. Catering to discerning consumers seeking style, status, and sophistication, luxury sunglasses brands offer a diverse range of designs, materials, and functionalities.
These sunglasses often feature iconic brand logos, celebrity endorsements, and limited-edition releases, contributing to their exclusivity and desirability. The market is characterized by intense competition among leading players, continuous innovation in design and technology, and a growing focus on sustainability and ethical practices to meet evolving consumer preferences and market dynamics.
Luxury Sunglasses Market – Significant Growth Factors
The Luxury Sunglasses Market presents significant growth opportunities due to several factors:
- Increasing Disposable Income: Rising disposable income levels globally, particularly in emerging economies, drive demand for luxury goods, including sunglasses, as consumers seek to elevate their lifestyle and status symbols.
- Fashion and Style Trends: The influence of fashion and celebrity culture continues to be a significant driver, with consumers seeking luxury sunglasses as a means of expressing personal style and staying on-trend.
- Technological Advancements: Advancements in lens technology, frame materials, and design innovations enhance the functionality and appeal of luxury sunglasses, attracting consumers looking for high-performance eyewear.
- Growing Awareness of Eye Health: With increasing awareness of the harmful effects of UV radiation, consumers are investing in sunglasses not only as fashion accessories but also for their protective qualities, driving demand for luxury eyewear with advanced UV protection features.
- Expansion in Emerging Markets: Emerging economies present significant opportunities for growth in the luxury sunglasses market, driven by rising disposable incomes, urbanization, and a growing aspirational middle class eager to embrace luxury lifestyles.
- Innovation in Sustainable Practices: There’s a growing opportunity for luxury sunglasses brands to differentiate themselves by prioritizing sustainability initiatives, such as using eco-friendly materials, reducing carbon footprint, and implementing ethical sourcing practices, to appeal to environmentally conscious consumers and gain a competitive edge in the market.
Luxury Sunglasses Market – Mergers and Acquisitions
The Luxury Sunglasses Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Luxury Sunglasses Market include:
- In 2024, Safilo Group and Levi Strauss & Co. renewed their global eyewear licensing agreement, enabling worldwide distribution of Levi’s eyewear products. Leveraging Levi’s strong brand recognition and extensive retail presence in Europe, North America, and Asia, the partnership reinforces Safilo’s market position.
- In 2023, Luxottica’s partnership with Eastman Kodak, integrating Kodak products into its brand lineup by January 2024, enhances Luxottica’s market position. Leveraging Kodak’s iconic brand value, Luxottica expands its portfolio and strengthens its brand recognition, driving growth and market influence.
These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Luxury Sunglasses Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Luxury Sunglasses Market | Luxury Footwear Market | Luxury Watches Market |
| CAGR 7.8% (Approx) | CAGR 6.10% (Approx) | CAGR 5.08% (Approx) |
| USD 12,633.4 Million by 2033 | USD 67.9 Billion by 2033 | USD 77.3 Billion by 2033 |
Luxury Sunglasses Market – Significant Threats
The Luxury Sunglasses Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Counterfeit Products: The proliferation of counterfeit luxury sunglasses poses a significant threat to the market, leading to revenue loss for authentic brands and undermining brand reputation and consumer trust.
- Economic Downturns: Economic recessions or downturns can dampen consumer spending on luxury items, including sunglasses, as consumers prioritize essential purchases over discretionary spending, leading to decreased demand and revenue for luxury eyewear brands.
- Changing Consumer Preferences: Shifts in consumer preferences, such as a preference for minimalism or sustainability, can pose a threat to traditional luxury sunglasses brands that may struggle to adapt to evolving market trends and consumer demands.
- Intense Competition: The luxury sunglasses market is highly competitive, with numerous established and emerging players vying for market share. Intense competition can lead to pricing pressures, reduced profit margins, and the need for brands to continually innovate and differentiate to maintain their competitive position.
- Online Counterfeiting and Unauthorized Sales: Unauthorized online sales channels and the prevalence of counterfeit products on e-commerce platforms pose a threat to the luxury sunglasses market, undermining brand integrity and diluting the exclusivity associated with authentic luxury eyewear.
Category-Wise Insights:
By Product
- Polarized Luxury Sunglasses: Polarized luxury sunglasses feature lenses with a specialized filter that reduces glare from reflective surfaces like water or snow. In the luxury sunglasses market, polarized options are increasingly popular due to their enhanced visual clarity and comfort, especially for outdoor activities and driving.
- Non-polarized Luxury Sunglasses: Non-polarized luxury sunglasses lack the specialized glare-reducing filter found in polarized lenses. While they may offer similar UV protection and style, non-polarized options are preferred by some consumers who prioritize fashion over functionality or prefer versatility across various lighting conditions.
By Type
- Aviator Sunglasses: Defined by their teardrop-shaped lenses and metal frames, Aviator sunglasses exude a timeless and iconic appeal. In the luxury sunglasses market, Aviators remain popular for their classic design and association with aviation heritage, with trends focusing on modern reinterpretations and premium materials.
- Wayfarer Sunglasses: Wayfarer sunglasses feature a distinct trapezoidal frame shape and thick acetate construction, offering a bold and retro-inspired look. In the luxury sunglasses market, Wayfarers experience enduring popularity, with trends emphasizing customization options, vibrant colors, and collaborations with high-fashion designers.
- Round Sunglasses: Characterized by their circular lenses and thin metal frames, Round sunglasses evoke a vintage and bohemian aesthetic. In the luxury market, Round sunglasses have seen a resurgence in popularity, with trends highlighting oversized styles, gradient lenses, and luxury embellishments like gold accents and gemstones.
- Sport Sunglasses: Sport sunglasses are designed for performance and functionality, featuring wraparound frames, polarized lenses, and lightweight materials. In the luxury segment, Sports sunglasses blend high-performance features with premium craftsmanship, with trends focusing on innovative lens technologies, ergonomic designs, and collaborations with professional athletes.
- Others: The “Others” category encompasses a diverse range of sunglass styles beyond the traditional Aviator, Wayfarer, and Round designs. This includes Cat-eye, Square, Butterfly, and Oversized sunglasses, each offering unique aesthetics and design elements tailored to specific consumer preferences and fashion trends in the luxury sunglasses market.
By Application
- Fashion and Style: Luxury sunglasses in this segment emphasize elegance, sophistication, and on-trend designs, appealing to fashion-conscious consumers. Trends include oversized frames, retro-inspired styles, and collaborations with fashion designers, reflecting the latest runway trends.
- Sports and Performance: Targeting active individuals, luxury sports sunglasses offer advanced features like lightweight frames, polarized lenses, and ergonomic designs for optimal performance. Trends include sleek, aerodynamic designs and partnerships with professional athletes and sports organizations.
- Driving and Automotive: Luxury sunglasses designed for driving prioritize comfort, clarity, and glare reduction, enhancing the driving experience. Trends include polarized lenses for improved visibility, adjustable nose pads for a customized fit, and stylish designs inspired by automotive aesthetics.
- Outdoor Activities: Luxury sunglasses for outdoor activities combine style with functionality, offering features like UV protection, impact resistance, and water repellency. Trends include high-performance materials, versatile designs suitable for various outdoor pursuits, and eco-friendly options catering to environmentally conscious consumers.
- Others: This category encompasses specialized applications such as aviation, boating, and skiing, where luxury sunglasses offer unique features tailored to specific activities and environments. Trends include specialized lens coatings, durable construction, and niche collaborations catering to enthusiasts in these fields.
By Gender
- Male: Luxury sunglasses for men encompass a wide range of sophisticated designs tailored to masculine tastes. Current trends include a resurgence of classic aviator and wayfarer styles, as well as the incorporation of high-tech features such as polarized lenses and lightweight materials to enhance comfort and performance.
- Female: Luxury sunglasses for women epitomize elegance and glamour, featuring chic designs and luxurious detailing. Current trends include oversized frames, cat-eye shapes, and embellishments such as pearls and crystals. Additionally, there’s a growing demand for sustainable and eco-friendly options among female consumers in the luxury segment.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 6,426.2 Million |
| Projected Market Size in 2033 | USD 12,633.4 Million |
| Market Size in 2023 | USD 5,961.2 Million |
| CAGR Growth Rate | 7.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product, Type, Application, Gender and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Luxury Sunglasses Market – Regional Analysis
The Luxury Sunglasses Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, luxury sunglasses trends often revolve around a blend of classic and contemporary styles. Aviator and wayfarer designs remain popular, while newer trends include bold and oversized frames with retro influences. Additionally, there’s a growing demand for sustainable and eco-friendly eyewear options, reflecting the region’s emphasis on environmental consciousness.
- Europe: Europe leads the way in setting luxury sunglasses trends, with a focus on high-end craftsmanship and avant-garde designs. Classic styles like round and cat-eye frames continue to be popular, alongside innovative materials and embellishments. European consumers also show a preference for exclusive collaborations and limited-edition releases, reinforcing the region’s status as a fashion capital.
- Asia-Pacific: In the Asia-Pacific region, luxury sunglasses trends are influenced by a mix of traditional elegance and modern sophistication. Oversized frames with intricate detailing are favored by consumers seeking to make a bold fashion statement. Additionally, there’s a growing interest in customized and personalized eyewear options, reflecting the region’s diverse and discerning consumer base.
- LAMEA (Latin America, Middle East, and Africa): In LAMEA, luxury sunglasses trends often reflect a fusion of cultural influences and aspirational lifestyles. Consumers gravitate towards glamorous and flamboyant styles, with a preference for bold colors, embellishments, and statement-making designs. Avant-garde shapes and oversized frames are particularly popular, catering to the region’s vibrant and dynamic fashion scene.
Competitive Landscape – Luxury Sunglasses Market
The Luxury Sunglasses Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:
- Luxottica Group S.p.A.
- Safilo Group S.p.A.
- EssilorLuxottica
- Kering Eyewear
- LVMH Moët Hennessy – Louis Vuitton SE
- Marcolin Group
- Maui Jim Inc.
- De Rigo Vision S.p.A.
- Marchon Eyewear Inc.
- Christian Dior SE (Dior)
- Fielmann AG
- Charmant Group
- Italia Independent Group S.p.A.
- Gentle Monster
- Oliver Peoples Inc.
- Others
These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.
New players entering the luxury sunglasses market are leveraging innovation and development to carve their niche. Brands like Warby Parker and Privé Revaux have disrupted the market with direct-to-consumer models, offering stylish yet affordable luxury eyewear with innovative designs and sustainable practices.
Meanwhile, key players dominating the market, such as Luxottica Group and EssilorLuxottica, maintain dominance through extensive brand portfolios, global distribution networks, and strategic acquisitions. Their strong brand equity, diversified product offerings, and emphasis on quality and craftsmanship solidify their position as market leaders, capturing consumer loyalty and driving market growth.
The Luxury Sunglasses Market is segmented as follows:
By Product
- Polarized
- Non-polarized
By Type
- Aviator Sunglasses
- Wayfarer Sunglasses
- Round Sunglasses
- Sport Sunglasses
- Others
By Application
- Fashion and Style
- Sports and Performance
- Driving and Automotive
- Outdoor Activities
- Others
By Gender
- Male
- Female
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Luxury Sunglasses Market, (2024 – 2033) (USD Million)
- 2.2 Global Luxury Sunglasses Market: snapshot
- Chapter 3. Global Luxury Sunglasses Market – Industry Analysis
- 3.1 Luxury Sunglasses Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing Disposable Income
- 3.2.2 Fashion and Style Trends
- 3.2.3 Technological Advancements
- 3.2.4 Growing Awareness of Eye Health
- 3.2.5 Expansion in Emerging Markets
- 3.2.6 Innovation in Sustainable Practices.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Type
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Gender
- Chapter 4. Global Luxury Sunglasses Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Luxury Sunglasses Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Luxury Sunglasses Market – Product Analysis
- 5.1 Global Luxury Sunglasses Market Overview: By Product
- 5.1.1 Global Luxury Sunglasses Market Share, By Product, 2023 and 2033
- 5.2 Polarized
- 5.2.1 Global Luxury Sunglasses Market by Polarized, 2024 – 2033 (USD Million)
- 5.3 Non-polarized
- 5.3.1 Global Luxury Sunglasses Market by Non-polarized, 2024 – 2033 (USD Million)
- 5.1 Global Luxury Sunglasses Market Overview: By Product
- Chapter 6. Global Luxury Sunglasses Market – Type Analysis
- 6.1 Global Luxury Sunglasses Market Overview: By Type
- 6.1.1 Global Luxury Sunglasses Market Share, By Type, 2023 and 2033
- 6.2 Aviator Sunglasses
- 6.2.1 Global Luxury Sunglasses Market by Aviator Sunglasses, 2024 – 2033 (USD Million)
- 6.3 Wayfarer Sunglasses
- 6.3.1 Global Luxury Sunglasses Market by Wayfarer Sunglasses, 2024 – 2033 (USD Million)
- 6.4 Round Sunglasses
- 6.4.1 Global Luxury Sunglasses Market by Round Sunglasses, 2024 – 2033 (USD Million)
- 6.5 Sport Sunglasses
- 6.5.1 Global Luxury Sunglasses Market by Sport Sunglasses, 2024 – 2033 (USD Million)
- 6.6 Others
- 6.6.1 Global Luxury Sunglasses Market by Others, 2024 – 2033 (USD Million)
- 6.1 Global Luxury Sunglasses Market Overview: By Type
- Chapter 7. Global Luxury Sunglasses Market – Application Analysis
- 7.1 Global Luxury Sunglasses Market Overview: By Application
- 7.1.1 Global Luxury Sunglasses Market Share, By Application, 2023 and 2033
- 7.2 Fashion and Style
- 7.2.1 Global Luxury Sunglasses Market by Fashion and Style, 2024 – 2033 (USD Million)
- 7.3 Sports and Performance
- 7.3.1 Global Luxury Sunglasses Market by Sports and Performance, 2024 – 2033 (USD Million)
- 7.4 Driving and Automotive
- 7.4.1 Global Luxury Sunglasses Market by Driving and Automotive, 2024 – 2033 (USD Million)
- 7.5 Outdoor Activities
- 7.5.1 Global Luxury Sunglasses Market by Outdoor Activities, 2024 – 2033 (USD Million)
- 7.6 Others
- 7.6.1 Global Luxury Sunglasses Market by Others, 2024 – 2033 (USD Million)
- 7.1 Global Luxury Sunglasses Market Overview: By Application
- Chapter 8. Global Luxury Sunglasses Market – Gender Analysis
- 8.1 Global Luxury Sunglasses Market Overview: By Gender
- 8.1.1 Global Luxury Sunglasses Market Share, By Gender, 2023 and 2033
- 8.2 Male
- 8.2.1 Global Luxury Sunglasses Market by Male, 2024 – 2033 (USD Million)
- 8.3 Female
- 8.3.1 Global Luxury Sunglasses Market by Female, 2024 – 2033 (USD Million)
- 8.1 Global Luxury Sunglasses Market Overview: By Gender
- Chapter 9. Luxury Sunglasse’s Market – Regional Analysis
- 9.1 Global Luxury Sunglasse’s Market Regional Overview
- 9.2 Global Luxury Sunglasse’s Market Share, by Region, 2023 & 2033 (USD Million)
- 9.3. North America
- 9.3.1 North America Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.3.1.1 North America Luxury Sunglasse’s Market, by Country, 2024 – 2033 (USD Million)
- 9.3.1 North America Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.4 North America Luxury Sunglasse’s Market, by Product, 2024 – 2033
- 9.4.1 North America Luxury Sunglasse’s Market, by Product, 2024 – 2033 (USD Million)
- 9.5 North America Luxury Sunglasse’s Market, by Type, 2024 – 2033
- 9.5.1 North America Luxury Sunglasse’s Market, by Type, 2024 – 2033 (USD Million)
- 9.6 North America Luxury Sunglasse’s Market, by Application, 2024 – 2033
- 9.6.1 North America Luxury Sunglasse’s Market, by Application, 2024 – 2033 (USD Million)
- 9.7 North America Luxury Sunglasse’s Market, by Gender, 2024 – 2033
- 9.7.1 North America Luxury Sunglasse’s Market, by Gender, 2024 – 2033 (USD Million)
- 9.8. Europe
- 9.8.1 Europe Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.8.1.1 Europe Luxury Sunglasse’s Market, by Country, 2024 – 2033 (USD Million)
- 9.8.1 Europe Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.9 Europe Luxury Sunglasse’s Market, by Product, 2024 – 2033
- 9.9.1 Europe Luxury Sunglasse’s Market, by Product, 2024 – 2033 (USD Million)
- 9.10 Europe Luxury Sunglasse’s Market, by Type, 2024 – 2033
- 9.10.1 Europe Luxury Sunglasse’s Market, by Type, 2024 – 2033 (USD Million)
- 9.11 Europe Luxury Sunglasse’s Market, by Application, 2024 – 2033
- 9.11.1 Europe Luxury Sunglasse’s Market, by Application, 2024 – 2033 (USD Million)
- 9.12 Europe Luxury Sunglasse’s Market, by Gender, 2024 – 2033
- 9.12.1 Europe Luxury Sunglasse’s Market, by Gender, 2024 – 2033 (USD Million)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.13.1.1 Asia Pacific Luxury Sunglasse’s Market, by Country, 2024 – 2033 (USD Million)
- 9.13.1 Asia Pacific Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.14 Asia Pacific Luxury Sunglasse’s Market, by Product, 2024 – 2033
- 9.14.1 Asia Pacific Luxury Sunglasse’s Market, by Product, 2024 – 2033 (USD Million)
- 9.15 Asia Pacific Luxury Sunglasse’s Market, by Type, 2024 – 2033
- 9.15.1 Asia Pacific Luxury Sunglasse’s Market, by Type, 2024 – 2033 (USD Million)
- 9.16 Asia Pacific Luxury Sunglasse’s Market, by Application, 2024 – 2033
- 9.16.1 Asia Pacific Luxury Sunglasse’s Market, by Application, 2024 – 2033 (USD Million)
- 9.17 Asia Pacific Luxury Sunglasse’s Market, by Gender, 2024 – 2033
- 9.17.1 Asia Pacific Luxury Sunglasse’s Market, by Gender, 2024 – 2033 (USD Million)
- 9.18. Latin America
- 9.18.1 Latin America Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.18.1.1 Latin America Luxury Sunglasse’s Market, by Country, 2024 – 2033 (USD Million)
- 9.18.1 Latin America Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.19 Latin America Luxury Sunglasse’s Market, by Product, 2024 – 2033
- 9.19.1 Latin America Luxury Sunglasse’s Market, by Product, 2024 – 2033 (USD Million)
- 9.20 Latin America Luxury Sunglasse’s Market, by Type, 2024 – 2033
- 9.20.1 Latin America Luxury Sunglasse’s Market, by Type, 2024 – 2033 (USD Million)
- 9.21 Latin America Luxury Sunglasse’s Market, by Application, 2024 – 2033
- 9.21.1 Latin America Luxury Sunglasse’s Market, by Application, 2024 – 2033 (USD Million)
- 9.22 Latin America Luxury Sunglasse’s Market, by Gender, 2024 – 2033
- 9.22.1 Latin America Luxury Sunglasse’s Market, by Gender, 2024 – 2033 (USD Million)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.23.1.1 The Middle-East and Africa Luxury Sunglasse’s Market, by Country, 2024 – 2033 (USD Million)
- 9.23.1 The Middle-East and Africa Luxury Sunglasse’s Market, 2024 – 2033 (USD Million)
- 9.24 The Middle-East and Africa Luxury Sunglasse’s Market, by Product, 2024 – 2033
- 9.24.1 The Middle-East and Africa Luxury Sunglasse’s Market, by Product, 2024 – 2033 (USD Million)
- 9.25 The Middle-East and Africa Luxury Sunglasse’s Market, by Type, 2024 – 2033
- 9.25.1 The Middle-East and Africa Luxury Sunglasse’s Market, by Type, 2024 – 2033 (USD Million)
- 9.26 The Middle-East and Africa Luxury Sunglasse’s Market, by Application, 2024 – 2033
- 9.26.1 The Middle-East and Africa Luxury Sunglasse’s Market, by Application, 2024 – 2033 (USD Million)
- 9.27 The Middle-East and Africa Luxury Sunglasse’s Market, by Gender, 2024 – 2033
- 9.27.1 The Middle-East and Africa Luxury Sunglasse’s Market, by Gender, 2024 – 2033 (USD Million)
- Chapter 10. Company Profiles
- 10.1 Luxottica Group S.p.A.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Safilo Group S.p.A.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 EssilorLuxottica
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Kering Eyewear
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 LVMH Moët Hennessy – Louis Vuitton SE
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Marcolin Group
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Maui Jim Inc.
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 De Rigo Vision S.p.A.
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Marchon Eyewear Inc.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Christian Dior SE (Dior)
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Fielmann AG
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Charmant Group
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Italia Independent Group S.p.A.
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Gentle Monster
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Oliver Peoples Inc.
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Others.
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.1 Luxottica Group S.p.A.
List Of Figures
Figures No 1 to 32
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Prominent Player
- Luxottica Group S.p.A.
- Safilo Group S.p.A.
- EssilorLuxottica
- Kering Eyewear
- LVMH Moët Hennessy – Louis Vuitton SE
- Marcolin Group
- Maui Jim Inc.
- De Rigo Vision S.p.A.
- Marchon Eyewear Inc.
- Christian Dior SE (Dior)
- Fielmann AG
- Charmant Group
- Italia Independent Group S.p.A.
- Gentle Monster
- Oliver Peoples Inc.
- Others
FAQs
The key factors driving the Market are Increasing Disposable Income, Fashion and Style Trends, Technological Advancements, Growing Awareness of Eye Health, Expansion in Emerging Markets, Innovation in Sustainable Practices.
The “Fashion and Style” had the largest share in the global market for Luxury Sunglasses.
The “Aviator Sunglasses” category dominated the market in 2023.
The key players in the market are Luxottica Group S.p.A., Safilo Group S.p.A., EssilorLuxottica, Kering Eyewear, LVMH Moët Hennessy – Louis Vuitton SE, Marcolin Group, Maui Jim Inc., De Rigo Vision S.p.A., Marchon Eyewear Inc., Christian Dior SE (Dior), Fielmann AG, Charmant Group, Italia Independent Group S.p.A., Gentle Monster, Oliver Peoples Inc., Others.
“North America” had the largest share in the Luxury Sunglasses Market.
The global market is projected to grow at a CAGR of 7.8% during the forecast period, 2024-2033.
The Luxury Sunglasses Market size was valued at USD 6,426.2 Million in 2024.