Daten aus dem Cache geladen. Polarized Technology is fastest growing segment fueling the growth...

Polarized Technology is fastest growing segment fueling the growth of Luxury Sunglasses Market

0
2K

The global Luxury Sunglasses Market is estimated to be valued at US$ 12,813.32 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Luxury sunglasses provide UV protection from the sun and come in various styles, frames and tints. They enhance one's looks in addition to protecting eyes from harmful sun rays.

Market key trends:
Polarized lenses are one of the key trends in the luxury sunglasses market. Polarized lenses filter out horizontal light reflections that are responsible for causing glare on flat surfaces like water, snow, glass, pavements etc. This eliminates eyestrain and enhances vision. By eliminating blinding reflections, polarized lenses provide better definition and depth perception. They enhance contrast and color perception while decreasing discomfort on bright sunny days. Polarized lenses are becoming increasingly popular in luxury sunwear as they provide unobstructed vision in a variety of environments without compromising on style.

Segment Analysis
The global luxury sunglasses market is dominated by the men's sunglasses segment which accounts for over 45% of the market share. Men's sunglasses witness high demand owing to rising fashion consciousness among men and growing acceptance of sunglasses as a style statement. The women's sunglasses segment is also growing considerably and holds the second largest share.

Key Takeaways
The Global Luxury Sunglasses Market Size is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing brand consciousness and growing fashion & lifestyle industry. Regions like North America and Europe currently dominate the market due to presence of major luxury brands and high disposable incomes. However, Asia Pacific is expected to grow at fastest pace owing to rapidly expanding middle class population in countries like China, India and South Korea.

Regional analysis: The Asia Pacific region is projected to grow at the highest CAGR during the forecast period due to rapidly rising consumer affluence, spending on luxury fashion and mega fashion events attracting international luxury brands. Countries like China, Japan and South Korea are emerging as top luxury consumers driving significant demand.

Key players operating in the luxury sunglasses market are Carl Zeiss AG, EssilorLuxottica SA, Giorgio Armani S.p.A., Guccio Gucci S.p.A, Loch Effects, LVMH Moët Hennessy Louis Vuitton, Marcolin S.p.A., Prada S.p.A, Randolph Engineering, Inc, and Safilo Group SpA. Major brands are focusing on expansion in developing markets through online distribution and exclusive retail stores.

 

Read more: https://journaljourney32.weebly.com/luxury-sunglasses-market 

Zoeken
Categorieën
Read More
Other
Inductive and Linear Variable Differential Transformer (LVDT) Sensors Market Research Report: Share, Growth, Trends and Forecast By 2030
 An international Inductive and Linear Variable Differential Transformer (LVDT)...
By SHAM Bhau 2024-03-29 13:09:13 0 1KB
Other
Location-Based Services Market Size, Share, Growth | Report Forecast – 2031
The Location-Based Services Market size was valued at USD 24 billion in 2023 and is expected to...
By Kavya Borgaonkar 2024-08-05 07:30:47 0 428
Music
Social Media Marketing Methods - Warnings, Possibilities and Classifications
Promotion is centered on being aware of clients, knowing how they react and being aware what will...
By Scot Brian 2023-03-04 12:00:14 0 2KB
Spellen
Mastering the Horadric Cube in Diablo 2: Crafting Rune Words and Buying Essential Items in D2R
Mastering the Horadric Cube in Diablo 2: Crafting Rune Words and Buying Essential Items in D2R In...
By Minorescu Jone 2024-11-18 07:23:40 0 188
Networking
Water Treatment Chemical Market Share, Trends and Regional Outlook 2028
The global Water Treatment Chemical market size reached USD 56.9 billion in 2022. Looking...
By Pooja Dhure 2022-12-19 11:04:34 0 2KB