Luxury Sunglass Market Report 2025 (Global Edition)

Global Luxury Sunglass Market Report 2025 Market Size Split by Product Type (Polarized, Non- Polarized), by End User (Male, Female, Unisex), by Frame Material (Acetate, Metal, Injected, Others), by Di...

Luxury Sunglass Market Report Description

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Luxury Sunglass Market Insights Video

Competitive Landscape of the Luxury Sunglass Market

The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major luxury sunglass market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.

• July 2021: Luxottica Group introduced new travel retail exclusive Ray-Ban and Oakley sunglasses designs. The collection comprises two frames designed exclusively for Asia Pacific markets, as Luxottica continues to shift its strategic focus to the region. The State Street and Asian Design styles from Ray-Ban are among the travel retail exclusive releases, and the new Sutro Lite style from Oakley is available in two colourways.

(Source: www.moodiedavittreport.com/luxottica-unveils-ray-ban-and-oakley-travel-retail-exclusive-sunglasses/)

Top Companies Market Share in Luxury Sunglass Industry: (In no particular order of Rank)

• Carl Zeiss AG
• Marcolin S.p.A(Marcolin Group)
• Guccio Gucci S.p.A
• ESSILORLUXOTTICA SA
• Giorgio Armani S.p.A.
• LOCH EFFECTS
• SAFILO GROUP S.P.AS.P.A.
• LVMH Moët Hennessy Louis Vuitton
• RANDOLPH ENGINEERING INC.
• Prada Holding S.P.A
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Europe dominated the market in 2023 and accounted for around 38% of the global revenue

According to Cognitive Market Research, Europe dominated the market in 2023 and accounted for around 38% of the global revenue owing to regions renowned fashion capitals and discerning consumers, the region sets the tone for luxury eyewear preferences. European consumers prioritize style and quality, driving the demand for high-end sunglasses from prestigious brands. The market's growth is further fueled by the region's affinity for innovative designs and a commitment to fashion-forward accessories, solidifying Europe's position as a powerhouse in the ever-expanding luxury sunglasses market.

North America is the fastest-growing region, and its role as a key growth engine remains pronounced. This phenomenon can be attributed to a convergence of factors, including a heightened consumer fashion consciousness and an increased emphasis on eye protection. Luxury sunglass brands capitalize on this trend by introducing innovative designs and integrating advanced technologies into their products. The dynamic nature of the market, coupled with a robust consumer base, positions North America at the forefront of the global luxury sunglasses industry.

The current report Scope analyzes Luxury Sunglass Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Luxury Sunglass Market

According to Cognitive Market Research, with a market value of USD 1.47 billion in 2023 and projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030, Europe accounted for the majority of global revenue, accounting for over 30% of the total due to the evolving fashion trends, particularly among millennials and Gen Z, shape consumer preferences. Increased awareness regarding eye protection from harmful U.V. rays strengthens market growth. Additionally, prestigious brand appeal and collaborations further propelled the market expansion in the region. According to Cognitive Market Research, in The North American luxury sunglass market, the adoption of metal frames influences the luxury sunglass market. Premium brands utilizing innovative metal alloys and designs meet the demand for stylish and resilient sunglasses, contributing to market growth in the region. In conclusion, the North American luxury sunglass market thrives due to technology, and consumer penchant for premium eyewear.

Europe Luxury Sunglass Market

According to Cognitive Market Research, Europe held the major market of more than 38% of the global revenue, with a market size of USD 1.72 billion in 2023. It will grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030 due to evolving fashion preferences influencing demand, notably among the younger demographic. Increasing disposable incomes in key European economies bolster consumer spending on high-end eyewear. Additionally, innovative designs and technological advancements contribute to the market's growth. According to Cognitive Market Research, the European luxury sunglass market benefits from adopting polarized lenses, a key driver enhancing consumer appeal. Polarization reduces glare and improves vision clarity, attracting buyers seeking high-performance eyewear. Polarized technology meet the rising demand for stylish sunglasses offering visual comfort, contributing significantly to European market growth. In conclusion, the European luxury Sunglass market thrives due to evolving trends, innovation, and consumer preference for high-quality eyewear.

Asia Pacific Luxury Sunglass Market

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 26% of the global revenue with a market size of USD 1.27 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030 due to the various influential factors. Rising incomes, especially in emerging economies, drive consumer spending on premium eyewear. According to Cognitive Market Research, Injected materials enhance durability, lightweight comfort, and design versatility, attracting consumers seeking high-quality eyewear. Premium brands utilizing injected materials in innovative ways meet the demand for stylish and resilient sunglasses, fostering market growth across the region. In conclusion, the Asia Pacific luxury sunglass market is showing significant growth due to awareness of eye protection, and the appeal of prestigious brands with innovative designs fortifies the market's growth, catering to discerning consumers seeking both fashion and quality in sunglasses.

South America Luxury Sunglass Market

According to Cognitive Market Research, Latin America accounted for more than 5% of the global product revenue in 2023, with a market size of USD 0.25 billion in 2023. It will grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030 due to the rising awareness of eye health and the allure of prestigious brands with diverse designs and superior quality to expand the market. Consumers seek style and functionality in luxury sunglasses. According to Cognitive Market Research, the luxury sunglass market is influenced by the rising popularity of unisex designs. Brands offering unisex styles to evolving fashion preferences, fostering broader market acceptance. Premium brands emphasizing unisex collections effectively meet the demand for fashion-forward, versatile eyewear, contributing to market growth. In conclusion, the Latin American luxury Sunglass market is witnessing robust growth, marked by evolving consumer behaviours, economic shifts, and cultural preferences.

Middle East Luxury Sunglass Market

According to Cognitive Market Research, the Middle East and Africa accounted for more than 4% of the global revenue in 2023, with a market size of USD 0.20 billion in 2023. They will grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030 due to evolving fashion trends contributing to market growth. Additionally, the region's penchant for luxury goods, high-end brands, innovative designs and exclusive collections, attracts consumers towards luxury sunglasses. According to Cognitive Market Research, convenience stores play a pivotal role in the accessibility of the luxury sunglass market. These stores, placed in urban centres and key locations, offer convenience to consumers for immediate access to high-quality eyewear ensure brand visibility and availability,  and serve retail outlets as well In conclusion, the M.E.A. (Middle East and Africa) luxury sunglass market exhibits growth potential due to rising incomes, evolving fashion trends, and premium brands.

Luxury Sunglass Market Analysis

Luxury Sunglass Product Type Segment Analysis

According to Cognitive Market Research, non-polarized held the major market share in the global luxury sunglass market over the forecast period as sunglasses consist of glass or plastic lenses and a frame holding the lenses. Non-polarized sunglasses reduce the overall intensity of the bright sunlight. A wide variety of non-polarized sunglasses are available depending on the colour of the lenses, design, materials used in frames, and on-demand customization of the glasses.

Polarized sunglasses are the fastest-growing category over the forecast period due to minimizing glare and enhancing visual clarity; polarized sunglasses combine cutting-edge technology with a touch of luxury. This surge in popularity reflects a growing consumer emphasis on not just style but also functional benefits in eyewear. The demand for luxury sunglasses with polarized lenses showcases a trend where discerning individuals seek fashion-forward aesthetics and advanced features, marking a notable evolution in the global luxury eyewear market dynamics.

• Polarized
• Non- Polarized

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Luxury Sunglass Industry. Request a Free Sample PDF!

Luxury Sunglass End User Segment Analysis

According to Cognitive Market Research, the male segment holds a prominent market share due to the availability of male luxury sunglasses with round & transparent lenses and tinted lenses, driving the luxury sunglass market growth rate. The male consumer's increasing emphasis on fashion and a growing awareness of eyewear as a statement accessory propel this market dominance. Whether for business or leisure, men actively seek distinctive and high-quality sunglasses, driving the expansion of this segment. As the luxury eyewear landscape evolves, catering to the discerning tastes of the male demographic remains a key focus for industry leaders.

Women are the fastest-growing category over the forecast period, as they prioritize eye health and seek elevated fashion experiences; the luxury sunglasses market is poised for continuous expansion, catering to the evolving tastes of the dynamic demographic and increasingly valuing sunglasses as both a fashion accessory and a statement of personal style, are fueling this growth. The market responds with innovative designs, blending aesthetics with U.V. protection. Influencers and celebrities often drive trends, amplifying the appeal of luxury eyewear among female consumers. The demand for exclusive, high-quality materials and unique detailing further distinguishes this sector.

• Male
• Female
• Unisex

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Luxury Sunglass Frame Material Segment Analysis

According to Cognitive market research, injected frame material holds a prominent market share due to lower cost and its manufacturing involves less time. It is made by injecting petroleum-based plastic liquid into a metal mould. It is popular owing to its lightweight & comfortable features, and injected frames can be produced with various colours. Injected frames also allow for intricate designs and vibrant colours, enabling eyewear designers to push the boundaries of creativity. As discerning consumers seek both fashion and functionality, the dominance of injected frame materials underscores their pivotal role in shaping the contemporary landscape of luxury eyewear.

Acetate frames are the fastest-growing category over the forecast period due to acetate's versatility, allowing for intricate designs and vibrant colours that appeal to fashion-conscious consumers seeking unique and stylish eyewear. Brands like Ray-Ban and Gucci are at the forefront of this trend, incorporating acetate in their collections. Its lightweight nature and hypoallergenic properties contribute to the surge in popularity. As sustainability gains importance, acetate's eco-friendly characteristics further drive its demand. The fastest-growing acetate segment reflects a shift towards sustainable, fashion-forward choices, establishing it as a dominant material in luxury sunglasses and reshaping the industry's landscape with a focus on style and environment.

• Acetate
• Metal
• Injected
• Others

Luxury Sunglass Distribution Channel Segment Analysis

According to Cognitive Market Research, speciality stores hold a prominent market share due to the easy availability of desired brands, designs and colours of sunglasses, which drives the growth of the speciality stores segment. Online sale of sunglasses is also gaining popularity among customers, owing to the proliferation of digital platforms at a global level. As the luxury sunglasses market thrives, speciality stores remain pivotal in shaping trends and meeting the sophisticated demands of a clientele passionate about distinctive eyewear.

Convenience stores are the fastest-growing category over the forecast period, redefining the shopping experience by incorporating luxury sunglasses into their offerings. Brands like 7-Eleven and Wawa strategically position high-end eyewear alongside snacks and essentials. This trend reflects a shift in consumer behaviour, as shoppers seek convenience without compromising style. The integration of luxury sunglasses cater to impulse buyers and those looking for a quick yet elevated shopping experience. With this innovative approach, convenience stores are tapping into the flourishing luxury eyewear market, creating a unique niche that blends accessibility with aspirational products, appealing to a diverse and on-the-go consumer base.

• Supermarkets
• Hypermarkets
• Speciality Stores
• Convenience Stores
• Online Stores 
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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