Seattle, WA -- (SBWIRE) -- 11/15/2019 -- A market study "Global Luxury Sunglasses Market" examines the performance of the Global Luxury Sunglasses Market 2019. It encloses an in-depth Research of the Luxury Sunglasses Market state and the competitive landscape globally. This report analyzes the potential of Luxury Sunglasses Market in the present and the future prospects from various angles in detail.
Sunglasses are a type of protective eyewear that is designed to prevent high-energy visible light, UV radiation, and bright sunlight that can damage or discomfort eyes. Luxury sunglasses function as a visual aid featuring lenses that are available in different colors. In ancient time, they were also known as sun cheaters. Sunglasses are also used after eye surgery such as LASIK and recommended by doctors for a certain period of time for proper healing of eye and protect it from dust.
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This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Essilor,LOUIS VUITTON,Safilo Group,Luxottica Group,CHARMANT Group,De Rigo Vision,Alexander McQueen,Guccio Gucci,Marcolin,REVO,Marchon Eyewear
Improving living of standards, growing a sense of fashion and increasing high-net-worth individual (HNWI) population is the prime factor propelling market growth. The increasing introduction of advanced and variety in sunglasses is further expected to foster market growth. For instance, in February 2019, Costa sunglasses launches new beach-ready, adventure-ready styles costa sunglasses. The new styles are perfect for adventures on and off the water and feature the latest on-trend colors and patterns.
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
By Product
Polarized
Non-polarized
By Material
Glass Sunglasses
CR-39 Sunglasses
Polycarbonate Sunglasses
Polyurethane Sunglasses
Others
By Application, the market can be split into
Young Adults
Adults
Mature Adults
Seniors
From the regional perspective, North America is expected to exhibit significant growth over the forecast period owing to the high presence of the High-Net-Worth Individual (HNWI) population and a millionaire in the region that spends heftily on various luxury goods including luxury sunglasses as well. According to the report published by Business Insider India in April 2017, the US alone claims 13.6 million adults with a net worth above $1 million that's 41% of all the world's millionaires.
On the flip side, the high cost of luxury sunglasses is expected to hamper the market growth as middle class and lower-middle-class people cannot afford it.
Key Developments
In January 2017, Essilor has merged with the Luxottica with a deal of $49 billion whose brands include Ray-Ban and Oakley. It has a presence online as well as in stores, with brands including Foster Grant, Oliver Peoples, Persol, LensCrafters, Pearle Vision, and Sunglass Hut. The combined company is now known as EssilorLuxottica.
In February 2019, Manchester United has secured a partnership with Hawaii-based sunglasses and eyewear brand Maui Jim for expanding its eyewear products. Maui Jim also supplies the Manchester United first team, academy and women's teams with glasses from their sun and optical ranges.
In September 2016, Luxury brand Moncler introduced its first eyewear collection that includes the six sunglass designs and branded Moncler Lunettes.
In March 2019, Huawei has partnered with Korean fashion brand Gentle Monster to release its first smart glasses. Gentle Monster is a luxury eyewear company that's popular across Asia.
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