Luxury Sunglasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

Sunglasses are a type of protective eyewear that is specifically designed to shield the eyes from high energy visible light. It consists of two lenses and a frame. Lenses are made of high-quality glasses or polymers, which improves the functionality of the sunglasses for applications such as road travel, air travel, and sports.

The growing awareness of the harmful effects of UV rays on the eyes is driving up demand for high-quality luxury sunglasses. Excessive exposure of the eyes to UV radiation (or sunlight) causes a variety of diseases and conditions, including macular degeneration, cataract, pterygium, photokeratitis, and may result in temporary to permanent vision loss.

Luxury Sunglasses Market   are special lenses or protective eyewear designed to shield the eyes from the sun's glare and high-energy visible light. They are sometimes used as a visual aid. Sunglasses have coloured, polarized/darkened lenses that shield the eyes from direct sunlight.

Factors such as increasing life expectancy, a growing geriatric population, and shifting fashion trends have fueled demand for eyewear. Nowadays, consumers wear eyewear not only for vision correction but also to improve their overall appearance. Factors such as changing fashion trends and the transition from spectacles to contact lenses have aided market growth. Due to technological advancements and the availability of lightweight materials, numerous market players offer innovative spectacles and lenses. North America was the world's largest revenue-generating region in the luxury sunglass market in 2020.

Luxury Sunglasses Market are popular travel accessories. The majority of brands target their end users via the travel retail channel. Because most tourists prefer to travel by air, airports are the most convenient location for travel retailers to operate. According to the UNWTO, the number of international tourists is expected to rise by 4% in the future. Luxury Sunglasses Market's upward trend in the tourism industry is expected to drive the luxury sunglass market growth in the coming years.

Counterfeit brands are common in developing economies where customers are price-sensitive. Counterfeiting tarnishes brand image due to low-quality material use and lower product prices.

Key players

Essilor International S.A., LOUIS VUITTON, Luxottica Group S.p.A., Safilo Group S.p.A., Solstice Sunglasses, CHARMANT, De Rigo Vision S.p.A., Guccio Gucci S.p.A., Carl Zeiss, and Marmolada S.p.A. are among the major players in the luxury sunglasses market.