Global Luxury Eyewear Sales to Surpass US$ 50 Bn Mark during 2019 to 2027 – Reveals Fact.MR

ROCKVILLE, Md. - Feb. 28, 2020 - PRLog -- In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global luxury eyewear market considering 2014-2018 as the historic year and 2019–2027 as the stipulated time frame. The business report highlights the drivers, restraints, opportunities and trends affecting luxury eyewear market development. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The global luxury eyewear market is set to surpass a value of US$ 50 Bn by the end of 2027, according to the latest research intelligence report of FactMR. Leading brands in the luxury eyewear market are augmenting their investments in optimization of marketing strategies in a bid to enhance customer loyalty.

Luxury Eyewear Market: Key Findings

• Eyeglasses remain bestsellers, accounting for more than 60% share in the market value.
• Branding efforts are becoming critical for sales, marketing, and public relations, especially for fashion houses and eyewear manufacturers.
• Virtual try on tools gaining rapid traction, as they allow consumers to see how eyewear fits and looks before a purchase.
• The complexity of supply chains is pushing need for stronger distribution networks.

Request a Sample Copy of Concerned Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=4478

Competition Landscape

The global luxury eyewear market is a moderately fragmented landscape. While industry leaders continue to maintain their strategic focus on merger and acquisition activities in a bid to capture a larger consumer base, innovative designs will also be their priority in following years. New launches that meet the parameters of comfort and affordability will be an important strategic move of key market players. The report has profiled some of the major players in global luxury eyewear market, which include but are not limited to, Essilor International S.A., Brooks Brothers, Kering S.A., Giorgio Armani S.P.A., Luxottica Group S.P.A., Marcolin S.P.A., Safilo Group S.P.A., and LVMH Moet Hennessey (Louis Vuitton SE).

Browse Complete Report - https://www.factmr.com/report/4478/luxury-eyewear-market

About the Report

This 250+ pages study provides detailed forecast data on the luxury eyewear market. The key categories covered in the report include product type (eyeglasses and sunglasses), distribution channel (e-commerce, company outlets, multi brand stores, hospitals and clinics, and others) and 25+ countries in key regions (North America, Latin America, Europe, APAC, and the Middle East & Africa).