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Luxury Sunglasses Market : Current Industry Status & Growth Opportunities, Top Key Players, Target Audience and Forecast to 2027

luxury sunglasses

luxury sunglasses

Sunglasses are the form of protective eyewear which are specially designed to protect eyes from high energy visible light. It consists of a pair of lenses and a frame. Lenses are made from high quality glasses or polymers which offer better functionality to the sunglasses for applications such as travelling by road, air travel, or sports.

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MARKET DYNAMICS

Increasing awareness about harmful effects of UV rays on the eyes is boosting demand for high quality luxury sunglasses. Excessive exposure of the eyes to UV radiation (or sunlight) causes several disease and conditions such as macular degeneration, cataract, pterygium, photokeratitis, and may also result in temporary to permanent vision lost.

MARKET OUTLOOK

According to the American Academy of Ophthalmology, over 9.6 million people in the U.S. suffered from high myopia in 2016. Moreover, the occurrence of myopia in women was higher compared to men. These factors have led to higher sales of women-centric vision products such as sunglasses. Furthermore, high spending by both men & women among the millennial populace is expected to drive growth of the market.

Specialty store segment dominated the global market in 2018, and is projected to maintain its dominance throughout the forecast period. Distribution channels of specialty stores include exclusive company outlets. Major players in the market such as Luxottica, Essilor, GrandVision, and Safilo have achieved high degree of vertical integration by marketing their products into luxury retail.

MARKET TAXONOMY

On the basis of product type, the Global Luxury Sunglasses market is segmented into:

Polarized
Non-Polarized

On the basis of material, the Global Luxury Sunglasses market is segmented into:

Glass
Polymer

On basis of end user, the Global Luxury Sunglasses market is segmented into:

Men
Women
Kids

On basis of distribution channel, the Global Luxury Sunglasses market is segmented into:

Hypermarkets & Supermarkets
Specialty Stores
Online Channels
Others

KEY PLAYERS OPERATING IN THE MARKET

Major players operating in the luxury sunglasses market include 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. among others.

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