Market Insights report
The segment Luxury Eyewear accounted for 6% of the Luxury Goods revenue in 2022. The worldwide revenue of US$18 billion in 2022 is expected to increase to US$23 billion by 2028. This report from the series of segment reports gives an overview of the Luxury Eyewear market from an international perspective.
What's included?
Luxury Eyewear is comprised of eyewear frames and sunglasses. The overall market definition follows the Consumer Market Outlook’s Eyewear market, while here only the super-premium to luxury price range is considered, and lenses and contact lenses are excluded. In comparison to the luxury core categories of leather goods and watches and jewelry, luxury eyewear is comparatively affordable with designer eyewear providing an entry way for many consumers into the world of luxury brands. Italy’s vertically integrated EssilorLuxottica is the biggest player in Luxury Eyewear. Apart from owned brands like Ray Ban and Oakley, sales of licensed brands are a main source of revenue for EssilorLuxottica. Among others, it holds licenses for Armani, Burberry, Dolce & Gabbana, Polo Ralph Lauren, Prada and Tiffany.
Overview
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