Sunglasses are the shape of protective eyewear which are specially designed to guard eyes from high energy light . It consists of a pair of lenses and a frame. Lenses are made up of top quality glasses or polymers which supply better functionality to the sunglasses for applications like travelling by road, aviation , or sports.
Increasing awareness about harmful effects of UV rays on the eyes is boosting demand for top quality luxury sunglasses. Excessive exposure of the eyes to UV radiation (or sunlight) causes several disease and conditions like degeneration , cataract, pterygium, photokeratitis, and should also end in temporary to permanent vision lost.
Constantly changing product offerings may be a key driver for the worldwide luxury sunglasses market growth. for each 4 to six months, leading companies are launching new sets of luxury sun glasses with different shapes, size, color & designs. Companies are focused on launching new products so as to expand their consumer base and demand for sunglasses designs.
Top Key Players in Luxury Sunglasses market: 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.
Regional Analysis For Luxury Sunglasses Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Luxury Sunglasses market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]
According to the American Academy of Ophthalmology, over 9.6 million people within 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 like sunglasses. Furthermore, high spending by both men & women among the millennial populace is predicted to drive growth of the market.
Specialty store segment dominated the worldwide market in 2018, and is projected to take care of its dominance throughout the forecast period. Distribution channels of specialty stores include exclusive company outlets. Major players within the market like Luxottica, Essilor, GrandVision, and Safilo have achieved high degree of vertical combination by marketing their products into luxury retail.
Europe accounted for major market share within the global luxury sunglasses market in 2018. Presence of leading industry players like Luxottica Group S.p.A., Safilo Group S.p.A. and their well-established supply chains in Europe may be a key factor for significant growth of luxury sunglasses market in Europe.
Leading players are investing within the global luxury sunglasses market by introducing new products. as an example , in June 2019, leading premium polarized eyewear brand named Maui Jim launched ‘Even Keel’, a National Sunglasses Day Collection for 2019. Even Keel sunglasses include the company’s patented PolarizedPlus2 lens technology which offers complete protection from harmful UVA/UVB rays.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com