(MENAFN- iCrowdNewsWire) The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Luxury Sunglasses market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Luxury Sunglasses
The report offers actionable and valuable market insights of Luxury Sunglasses. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Luxury Sunglasses Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Luxury Sunglasses, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Luxury Sunglasses Market .
The global luxury eyewear market is projected to grow at a CAGR of over 3% and is estimated to reach a value pool of over US$ 50 Bn by the end of the forecast period (2019-2027). Despite continued threats of trade war and economic uncertainty, the overall outlook for the luxury eyewear market remains optimistic.
Over the past decade, the aspirations of luxury businesses' have shifted exponentially and continue to be influenced by changing market frontiers. A retreat of the middle class, sustainable living, change in lifestyle patterns and trend setting experiences are aiding the growth of the global luxury eyewear market.
A palpable increase in the number of High-Net-Worth Individual (HNWI) demographics, together with sophisticated living standards, is set to fuel the luxury eyewear market for the foreseeable future. However, in terms of entry price and distribution, luxury eyewear is no longer seen as a way of making ambitious luxury brands more accessible. Millennial consumers are extremely aspirational in terms of overall shopping experience, luxury in particular.
Global luxury eyewear Market: In-Depth Assessment on Key Segments
The global luxury eyewear market is segmented on the basis of product type, glass type, demographic, price range, distribution channel and region.
| Product Type | |
| Glass Type | |
| Demographic | |
| Price Range | - US$ 100 – 300
- US$ 300 – 500
- US$ 500 – 700
- US$ 700 – 900
- US$ > 900
|
| Distribution Channel | - E-Commerce
- Company Outlets / Franchises
- Multi Brand Stores
- Hospitals & Clinics
- Others
|
| Region | - North America
- Latin America
- Europe
- APAC
- MEA
|
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Global Luxury Eyewear Market – Scope Of The Report
The following report provides forecast and analysis of the global luxury eyewear market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Mn Units), according to a Fact.MR study.
The research propounds critical trends that are currently influencing growth within the global luxury eyewear market along with several macro-economic indicators. This newly published and insightful report on luxury eyewear sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global luxury eyewear market.
The report also comprises the study of current issues with end users and opportunities for luxury eyewear. It also contains value chain analysis, including the key market participants.
To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.
The dashboard included in the report provides a detailed comparison of luxury eyewear manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the luxury eyewear market provided in the report adds to the credibility of this exhaustive research study.
Country-specific assessment on demand for luxury eyewear has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous luxury eyewear manufacturers, experts, and suppliers.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company's annual sales and segmental revenue in all the target end-use industries.
The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global luxury eyewear market.
Some of the major competitors operating in the Luxury Eyewear market are Luxottica Group S.p.A., Safilo Group S.p.A., Essilor International S.A., LVMH Moët Hennessy (Louis Vuitton SE), Giorgio Armani S.p.A. and others.
Key Takeaways of Luxury Eyewear Market Study
- Eyeglasses, presently leads the product type segment with a share of over 60%. The excitable jump in branded eyeglasses sales as consumers become increasingly conscious about brands and fashion is attributing to such growth
- Europe is presently the most lucrative region for the global luxury eyewear market with a market share close to 1/3rd in global market
- In European countries such as Germany, UK, France, Spain, and Italy, the demand for luxury eyewear among potential customers is growing
- APAC is expected to gain a strong incremental growth rate of over 5.5% during the forecast period. Factors such as increasing marketing campaigns, new product releases and rapid economic development is contributing to growth in the region
- Threats from counterfeit products are narrowing the prospects for luxury eyewear, especially in developing regions
“The past decade has witnessed significant change in the high-end luxury eyewear market due to the launch of luxury retail concepts. Moreover, the implementation of Omni-channel retailing is significantly impacting the luxury eyewear market” says the Fact.MR analyst
Competitors Leveraging on Product Development to Attract Customers
The global luxury eyewear market is consolidated in nature with a few fashion giants such as Luxottica Group S.p.A., Safilo Group S.p.A. and LVMH Moët Hennessy holding top shares. Manufacturers and designers of luxury eyewear are developing eyeglasses and sunglasses in new styles, shapes, sizes, colors and structural orientation. Getting a large customer base has been the prime effort of these companies which is an uphill battle for many in the luxury eyewear industry. With the luxury eyewear industry being saturated and consumer spending turning to experiences instead of high-priced goods, the biggest competitors are putting greater emphasis on the marketing of their products.
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More Valuable Insights on Luxury Sunglasses Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Luxury Sunglasses, Sales and Demand of Luxury Sunglasses, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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