The global Luxury Eyewear Market is estimated to grow at a modest CAGR of over 3% during the forecast period (2019-2027) and reach a valuation of over US$ 50 Bn. The aspirations of luxury businesses is shifting exponentially over the past decade, and are continuing to be influenced by evolving consumer preferences. In European countries such as Germany, the UK, France, Spain, and Italy, the demand for luxury sunglasses and eyeglasses among potential customers is growing. Despite volume sales relative to the mass-produced products, rising consumer spending on premium brands during the forecast period will prove to be fruitful for the luxury eyewear market. However, increasing e-commerce penetration has further accelerated the sales of counterfeit products by expanding their geographical scope. Customers are facing difficulties in distinguishing between genuine and falsified items, since they seem similar.
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Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the luxury eyewear market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the luxury eyewear market.
After reading the luxury eyewear market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the luxury eyewear market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
The luxury eyewear market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America (S., Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
The evaluation of the competitive landscape in the luxury eyewear market covers the profile of the following top players:
- Luxury Eyewear market
- 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.
To expand the understanding of opportunities in the global luxury eyewear market report looks at close quarters into the opportunities and new avenues in following key segments:
- Company Outlets / Franchises
- Multi Brand Stores
- Hospitals & Clinics
In addition to understanding the demand patterns of various end users, the report on the luxury eyewear market also enumerates trends expected to attract investments by other various associated industries.
On the basis of product/technology types, the luxury eyewear market report offers insight into major adoption trends for the following segments:
The global luxury eyewear market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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Some important questions that the luxury eyewear market report tries to answer exhaustively are:
- Key strategic moves by various players in the luxury eyewear market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
- Which strategies will enable top players in the luxury eyewear market to expand their geographic footprints?
- Which new business models are expected to change the course of growth of key regional markets in near future?
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
- Which products segments have in recent years have seen new, lucrative application areas?