Press release
Luxury Eyewear Market Shaping from Growth to Value: Luxottica Group, Cartier, Tom Ford
Luxury Eyewear Market
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According to HTF Market Intelligence, the Global Luxury Eyewear market to witness a CAGR of 3.24% during forecast period of 2023-2028. The market is segmented by Global Luxury Eyewear Market Breakdown by Type (Glasses, Contact lens, Sunglasses, Others) by Frame Material (Composite, Metal, Plastic, Titanium, Others) by Packaging Material (Plastic, Paper, Fabric) by Sales Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Luxury Eyewear market size is estimated to increase by USD 11.7 Billion at a CAGR of 3.24% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 24.1 Billion.
Definition:
Many people of all ages utilise Luxury Eyewear, including glasses, contact lenses, and sunglasses. The greatest client base is made up of Millennials and Gen Z. The rising disposable income of millennials, the influence of social media, and the increasing prevalence of eye health problems are the primary drivers of the luxury eyewear market's performance. However, these drivers are constrained by the presence of replica products on the market and intense competition. However, it is anticipated that the market will continue to grow at a rapid pace, driven by the substantial growth opportunities provided by the powerful factors of celebrity endorsement, influencer marketing, adoption of AR and VR, and expansion of the e-commerce sectors.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Luxury Eyewear Market: Glasses, Contact lens, Sunglasses, Others
Key Applications/end-users of Luxury Eyewear Market: Online, Offline
Market Trends:
Growing Demand for Luxury Eyewear: The luxury eyewear market was witnessing increased demand from affluent consumers who sought premium and high-quality eyewear products. Luxury brands were capitalizing on this demand by offering exclusive and unique designs.
Market Drivers:
Rising disposable income of millennials
Social media influence
Rising prevalence of eye health issues
Market Opportunities:
Celebrity endorsement
Influencer marketing
Adoption of AR and VR
Growth of e-commerce sectors
Market Restraints:
Celebrity endorsement
Influencer marketing
Adoption of AR and VR
Growth of e-commerce sectors
Market Challenges:
Celebrity endorsement
Influencer marketing
Adoption of AR and VR
Growth of e-commerce sectors
Book Latest Edition of Global Luxury Eyewear Market Study @ https://www.htfmarketintelligence.com/buy-now?format=1&report=3197
With this report you will learn:
• Who the leading players are in Luxury Eyewear Market?
• What you should look for in a Luxury Eyewear
• What trends are driving the Market
• About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Luxury Eyewear vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
Who should get most benefit of this report?
• Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Luxury Eyewear
• Marketers and agencies doing their due diligence in selecting a Luxury Eyewear for large and enterprise level organizations
• Analysts and vendors looking for current intelligence about this dynamic marketplace.
• Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.
List of players profiled in this report: Luxottica Group S.P.A (Italy), Cartier (France), Tom Ford (United States), Chanel (United Kingdom), Dior (France), Gucci (Italy), Prada (Italy), Ray-Ban (Italy), Marchon Eyewear (United States), Warby Parker Inc. (United States), Moscot (United States), Ace & Tate (Netherlands), Burberry (United Kingdom)
Have Any Query? Ask Our Expert @:
https://www.htfmarketintelligence.com/enquiry-before-buy/global-luxury-eyewear-market
Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Luxury Eyewear Market
Luxury Eyewear Size (Sales Volume) Comparison by Type (Glasses, Contact lens, Sunglasses, Others)
Luxury Eyewear Size (Consumption) and Market Share Comparison by Application (Online, Offline) (2022-2028)
Luxury Eyewear Size (Value) Comparison by Region (2023-2028)
Luxury Eyewear Sales, Revenue and Growth Rate (2023-2028)
Luxury Eyewear Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type (Glasses, Contact lens, Sunglasses, Others)
Analyse competitors, including all important parameters of Luxury Eyewear
Luxury Eyewear Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
Check it Out Complete Details os Report @
https://www.htfmarketintelligence.com/report/global-luxury-eyewear-market
Actual Numbers & In-Depth Analysis of Global Luxury Eyewear Market Size Estimation and Trends Available in Full Version of the Report.
Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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