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Why Would The Luxury Eyewear Market Swing in Wireless Surprises? : FactMR
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.Request Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=4478
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
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About the Retail and Consumer Goods Division at Fact.MR
Being a consortium of large number of sub-industries, not many market research companies are being able to fulfil the requirements of consumer product clients. Though, retail and consumer goods analysts at Fact.MR have been tracking the broader sub-industries to keep themselves abreast of the recent happenings in the market. With unmatched analytical diligence, the team at Fact.MR helps organizations design product differentiation strategies and helps add exclusive product(s) to their existing portfolio.
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