Overview of the global luxury sunglasses market
Research analysis on the global luxury sunglasses market identifies that the premiumization in luxury sunglasses industry will be one of the major factors that will have a positive impact on the growth of the market. The players in the market are introducing products with improved quality to improve the branding of products, which will attract brand conscious customers. 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. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 7% by 2021.
In terms of geography, the Americas account for the major shares of the luxury glasses market 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.
Competitive landscape and key vendors
The market is characterized by the presence of a 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.
Some of the leading vendors in the market are -
- Essilor
- LOUIS VUITTON
- Luxottica Group
- Safilo Group
The other prominent vendors in the market are Alexander McQueen, CHARMANT Group, De Rigo Vision, Guccio Gucci, REVO, Marchon Eyewear, and Marcolin.
Segmentation by product and analysis of the luxury sunglasses market
During 2016, the non-polarized segment accounted for the major shares of this market. This luxury sunglasses segment comprises of normal lenses that protect the eyes from sunlight by blocking reflected light. These sunglasses are high-end fashion accessories and are priced lesser than the ultra-premium polarized sunglasses. The availability of these glasses in various designs from a wide variety of brands will drive the growth of this market segment.
Segmentation by gender and analysis of the luxury sunglasses market
Owing to their increased spending capacity, women were the major contributors to the market during 2016. 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.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global luxury sunglasses market?
- What are the key market trends impacting the growth of the global luxury sunglasses market?
- What are the challenges to market growth?
- Who are the key vendors in the global luxury sunglasses market?
- What are the market opportunities and threats faced by the vendors in the global luxury sunglasses market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global luxury sunglasses market?
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Market outline
- Parent Market: Global sunglasses market
PART 05: Market landscape
- Global luxury sunglasses market
- Five forces analysis
PART 06: Market segmentation by product
- Global luxury sunglasses market segmentation by product
- Global polarized luxury sunglasses market
- Global non-polarized luxury sunglasses market
PART 07: Market segmentation by lens material
- Global luxury sunglasses market segmentation by lens material
- Global luxury sunglasses market by polycarbonate lens
- Global luxury sunglasses market by CR-39/ADC lens
- Global luxury sunglasses market by polyurethane lens
- Global luxury sunglasses market by other lens materials
PART 08: Market segmentation by gender
- Global luxury sunglasses market by gender
- Global women luxury sunglasses market
- Global men luxury sunglasses market
PART 09: Market segmentation by demographics
- Global luxury sunglasses market by demographics
- Global young adults luxury sunglasses market
- Global middle-aged adults luxury sunglasses market
- Global older adults luxury sunglasses market
- Global children luxury sunglasses market
PART 10: Market segmentation by distribution channel
- Global luxury sunglasses market by distribution channel
PART 11: Geographical segmentation
- Global luxury sunglasses market segmentation by geography
- Luxury sunglasses market in Americas
- Luxury sunglasses market in EMEA
- Luxury sunglasses market in APAC
PART 12: Key leading countries
- Luxury sunglasses market in the US
- Luxury sunglasses market in Germany
- Luxury sunglasses market in France
- Luxury sunglasses market in Italy
- Luxury sunglasses market in Spain
PART 13: Decision framework
PART 14: Drivers and challenges
- Market drivers
- Other prominent drivers
- Market challenges
PART 15: Market trends
- Advent of innovative lenses and design in luxury sunglasses
- Shifting preferences to tinted sunglasses
- Adoption of luxury sunglasses in developing countries
- Increasing percentage of working women in the total workforce
- Other prominent trends
PART 16: Competitor landscape
PART 17: Key vendor analysis
- Essilor
- LOUIS VUITTON
- Luxottica Group
- Safilo Group
- Other prominent vendors
PART 18: Appendix