Press Release

A USD 6,611 Million Europe Luxury Eyewear Market to Flourish at a CAGR of Around 4.11% During 2025-30

The Europe Luxury Eyewear Market size was valued at around USD6,611 million in 2024 and is projected to reach USD8,013 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.11% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. This growth is mainly attributed to the premium quality and durability of eyewear while being highly comfortable, fit, and stylish. Also, some eyewear is designed to provide protection against UV rays which helps to avoid eye cancer, cataracts, and other eye-related problems, thus attracting more buyers.

Moreover, the high earnings of people in Europe is another main factor that inclines them to buy luxury eyewear. This is because luxury branded products act as the symbol of status among rich people that show their class and taste. As a result, the new product launches will attract more such buyers, and hence the sales will increase. Additionally, the number of High Net Worth Individuals (HNWI) in Europe is also continuously increasing. These people are major users of premium eyewear having a huge collection of sunglasses. Their number is continuously increasing in past years and reached about 5.5 million in 2023. Hence, the high income of people in Europe directly correlates with high spending on eyewear as using the latest eyewear shows the rich status of people.

Furthermore, the average screen time of people in Europe is more than 5 hours which creates a demand for eyewear that not only provides a stylish look but is also effective in reflecting screen lights. As a result, the demand for eyewear that comes with advanced coatings increases. Also, eyewear with features like blue light filtering can avoid the negative impacts of screen rays. Therefore, the high income of people in Europe is the main reason that pushes them to spend on luxury eyewear that is stylish while being functional such as comfortable, protective against harmful rays, and so on, further states the research report, “Europe Luxury Eyewear Market Analysis, 2025.”

Segmentation Analysis

Sunglasses Hold a Major Market Share

Based on the product, the market is further bifurcated into Optical Glasses, Sunglasses, and Contact lenses. Here, sunglasses hold a major market share of around 67%. This is because sunglasses not only provide protection against UV rays but are also highly stylish as per the latest trends and show the luxury preferences of an individual. A wide variety of sunglasses are available in the European market, mainly due to the high manufacturing by well-known companies in Italy.

Moreover, celebrities and online media influencers have further increased the demand for expensive designer sunglasses. Also, the increasing concerns regarding eye damage caused by UV rays are further increasing the demand for premium sunglasses. Therefore, as sunglasses are highly stylish while being functional, they are the most popular segment, and this dominance is expected to remain in the future as well.

Italy Leads the Europe Luxury Eyewear Industry

Regionally, Italy holds the largest share of the market around 38%. This is because Italy is the largest producer of luxury eyewear. After all, this country is the home of leading companies in the market including Gucci, Prada, and Ray-Ban, and is the largest exporter of premium eyewear across the globe. Moreover, Italy has the largest consumer base as compared to the other countries in this region. This is because Italy is the second largest importer and user of luxury eyewear as people are attracted not only by domestic brands but also the global brands. Furthermore, the high disposable income of the population of Italy enhances its appeal as a market for luxury goods, and retailers aiming at the wider regional market. Therefore, Italy dominates the market due to the availability of a wide variety of eyewear at reasonable prices.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including EssilorLuxottica SA, Johnson & Johnson Vision, RODENSTOCK GMBH, De Rigo, Luxottica Group S.p.A, Kering, PRADA Holding BV, Silhouette International Schmied AG, Alcon, Carl-Zeiss-Stiftung, Safilo Group, Fielmann AG, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the region?
6. How have buying behavior, customer inclination, and expectations from products been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?