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Luxury Eyewear Market Trends

Report ID: GMI4381
Published Date: Jun 2024
Report Format: PDF

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Luxury Eyewear Market Trends

There is a growing demand for personalized and customizable eyewear options. Luxury brands are providing personalized services, allowing customers to select frame shapes, colors, and lens selections based on their personal preferences and facial traits. In addition to this, the incorporation of digital technologies, such as Augmented Reality (AR) and Virtual Reality (VR), is transforming the eyeglass shopping experience. Brands are incorporating virtual try-on features into their websites and smartphone applications, allowing customers to see how different frames look on their faces before purchasing.

For instance, SmartBuyGlasses is an online retailer that offers a virtual try-on tool for over 5,000 of its sunglasses & eyeglasses. Customers can use their webcam or upload a selfie to see how the frames would look on their faces. The tool even analyzes the face shape to suggest flattering styles.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global luxury eyewear industry was valued at USD 24.4 billion in 2023 and is anticipated to register 3.9% CAGR between 2024 and 2032 due to the rising consumer disposable incomes and growing awareness of eye health.

The USD 1,000+ segment in the market is expected to reach USD 11.4 billion by 2032 owing to the eyewear’s high-quality materials, unique design, and innovation.

Europe luxury eyewear market is projected to reach USD 10 billion by 2032 due to its heritage of luxury fashion and high-end eyewear, with Italy and France leading in renowned brands.

Balenciaga, Barton Perreira, LLC, Brioni S.p.A, Bulgari (stylized as BVLGARI), Burberry Group PLC, Calvin Klein Inc., Cartier International SNC, Christian Dior Couture, Dolce & Gabbana Srl, and EssilorLuxottica (Oakley, Inc.), among others.