Little Luxuries.

The luxury market is booming once again after taking a dip during the pandemic. Here, in this special luxury-focused issue of EB, we take a look at a few small data points that add up to a whole lot of opportunity in the high-end arena in eyewear and beyond.

In 2023, the luxury goods market rang in a whopping $75.69 billion in revenue in the U.S.—a number that is expected to grow annually by 1.94% through 2028, according to Statista Consumer Market Insights.

Globally, the luxury goods market is also projected to see robust growth from just over $257 billion in 2020 to nearly $353 billion in 2027, says Fortune Business Insights.

In the EB 2022 Market Trends Study, ECPs reported that their frame mix is comprised of 25% high-end product, 51% midrange, and 24% value product—with 21% reporting that they increased their high-end assortment in the past three years.

A recent study of Google search terms ranging from “luxury goods” to “luxury jeweler” by U.S. state revealed that Washington, D.C., was the most luxury-obsessed, followed (in order) by New York, Florida, New Jersey, Connecticut, Georgia, Virginia, California, Maryland, and Massachusetts.

The Prada PR13ZS sunglasses from Essilor Luxottica feature a luxe green-and-black-marbled design in acetate.