Global Luxury Sunglasses Market Was Valued At $ 14.04 Billion In 2017

New report published by Global Info Research which offers insights on the global Luxury Sunglasses market.

Luxury Sunglasses or sun glasses are a form of protective eyewear designed primarily to prevent bright sunlight and high-energy visible light, especially harmful ultraviolet (UV) rays, from damaging or discomforting the eyes. This report studies the Luxury Sunglasses market. We define Luxury Sunglasses as high-end brands on the market (with products retail prices above 150 $/Unit).

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Global Luxury Sunglasses Market: Forecast by Type / Application / Region

Luxury Sunglasses are considered to be durable and they also block UVA and UVB rays. Promoting healthy vision. The increasing preference of the consumers to buy high end brands will drive the demand for Luxury Sunglasses.

The major players in global Luxury Sunglasses market include: Luxottica Group, Safilo Group, Kering, De Rigo Vision, Marchon Eyewear, Marcolin, LOUIS VUITTON, Charmant Group, Essilor, REVO.

On the basis of product, the Luxury Sunglasses market is primarily split into: CR-39 Luxury Sunglasses, Polycarbonate Luxury Sunglasses, Polyurethane Luxury Sunglasses, Others.

On the basis on the end users/applications, this report covers: Men, Women.

The market is characterized by the presence of few vendors and is concentrated. The market is competitive and the vendors in the market are competing on the basis of price, quality, brand, and variety. To increase their market shares and improve their market positions, the players in this marketspace are concentrating on introducing innovative products. Of the major players of Luxury Sunglasses, Luxottica Group maintained its first place in the ranking in 2017. Luxottica Group accounted for 51.52 % of the Global Luxury Sunglasses production value market share in 2017. Other players accounted for 5.25 % and 3.56 % including Safilo Group and Kering.

In terms of geography the market for Luxury Sunglasses consumption divided into six geographic regions: In North America, total Luxury Sunglasses accounted for 47.46 % market shares of the luxury glasses market. In the Europe, total Luxury Sunglasses accounted for 24.87 %. The market in China Luxury Sunglasses accounted for 9.71 %, in Latin America 6.36%, in Asia Other Regions 9.08%, and in Middle East and Africa region 2.53%. Among all regions, North America is estimated to represent the highest share due to the increasing preference of the consumers towards luxury products. The increasing affordability and the presence of large players also drive the market’s growth in this region. Additionally, the growing urbanization that has increased the number of dual-earning households and the increasing working women population, also lead to the growth of the Luxury Sunglasses market.

On the basis of product type, the CR-39?Luxury?Sunglasses type segment is projected to account for the largest volume share during the forecast period; this segment was estimated to account for 35.99 % market share in 2017.

Owing to their increasing spending capacity, women were the major contributors to the market during 2017. Luxury Sunglasses are considered as luxury items and fashion statement and are available in different varieties for various occasions. The increase in working women population is one of the major factors that will contribute to the growth of the Luxury Sunglasses market in this segment. The women segment was estimated to account for the highest volume share of 56.12 % in 2017.

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Related Information:
United States Luxury Sunglasses Market 2018 Forecast to 2023
Europe Luxury Sunglasses Market 2018 Forecast to 2023
North America Luxury Sunglasses Market 2018 Forecast to 2023
Asia-Pacific Luxury Sunglasses Market 2018 Forecast to 2023
China Luxury Sunglasses Market 2018 Forecast to 2023
EMEA Luxury Sunglasses Market 2018 Forecast to 2023
Global Luxury Sunglasses Market 2018 Forecast to 2023

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