Press release
LUXURY SUNGLASSES MARKET Progress Research 2019-2027
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MARKET DYNAMICS
Increasing awareness about harmful effects of UV rays on the eyes is boosting demand for high quality luxury sunglasses. Excessive exposure of the eyes to UV radiation (or sunlight) causes several disease and conditions such as macular degeneration, cataract, pterygium, photokeratitis, and may also result in temporary to permanent vision lost.
Constantly changing product offerings is a key driver for the global luxury sunglasses market growth.
MARKET OUTLOOK
Specialty store segment dominated the global market in 2018, and is projected to maintain its dominance throughout the forecast period. Distribution channels of specialty stores include exclusive company outlets. Major players in the market such as Luxottica, Essilor, GrandVision, and Safilo have achieved high degree of vertical integration by marketing their products into luxury retail.
Europe accounted for major market share in the global luxury sunglasses market in 2018. Presence of leading industry players such as Luxottica Group S.p.A., Safilo Group S.p.A. and their well-established supply chains in Europe is a key factor for significant growth of luxury sunglasses market in Europe.
KEY PLAYERS OPERATING IN THE MARKET
Major players operating in the luxury sunglasses market include 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.
MARKET TAXONOMY
On the basis of product type, the Global Luxury Sunglasses market is segmented into:
Polarized
Non-Polarized
On the basis of material, the Global Luxury Sunglasses market is segmented into:
Glass
Polymer
On basis of end user, the Global Luxury Sunglasses market is segmented into:
Men
Women
Kids
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