Luxury Eyewear Market 2024-2028: Size and Threat from counterfeit products; growth driven by the Type, Some of key Companies Positioned Strategically

The luxury eyewear market size by Type (Eyeglasses and Sunglasses) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 3946.1 million. The market is expected to grow at a CAGR of   4.5% between 2024 and 2028.

• The luxury eyewear market experiences significant growth due to increasing consumer interest in fashion products. However, this trend unfortunately fosters the proliferation of counterfeit luxury eyewear, particularly in developing regions. E-commerce platforms have amplified the distribution of counterfeit goods, expanding their reach to a global audience. Distinguishing between authentic and imitation products becomes challenging for consumers, eroding trust in online marketplaces. Vendors invest in advertising and promotional campaigns to retain and attract customers, but these efforts increase marketing expenses and compress profit margins.
• The luxury eyewear market represents a significant and growing niche within the global eyewear industry. This segment caters to affluent consumers seeking premium, stylish, and high-performance eyewear solutions. Brands in this market differentiate themselves through superior craftsmanship, exclusive designs, and innovative technology. The market's growth is driven by increasing consumer disposable income, rising awareness of eye health, and a strong focus on fashion and personal branding.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• 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.
• Vision Nexgen

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/