The report titled “Global Luxury Sunglass Market: Size, Trends and Forecasts (2016-2020)” provides an in-depth analysis of the global luxury sunglass market with detailed analysis of market size on the basis of value and volume along with the growth in the global average selling price if the luxury sunglasses.
Executive Summary
Luxury Sunglasses also known as premium sunglasses have been characterized as sunglasses that are fitted with non-solution lenses, and subsequently are not utilized for vision correction. They are fundamentally utilized for stylish purposes and for securing the eyes against hurtful bright (UV) beams.
The global luxury sunglass market increased at a significant CAGR during the span of 5 years, i.e., 2010-2015 and projections are made that the market would rise in the next five years i.e. 2016-2020 tremendously. The market is highly concentrated in Europe and the U.S., accounting a significant proportion of the market as European countries are popular as tax free shopping destinations among tourists and growing number of consumers who can afford branded sunglasses in the United States. In fact, the market is emerging in the developing nations such as China, Mexico, India, Brazil and Australasia at an increasing annual growth rate.
The major growth drivers for the global luxury sunglass market are: premiumization, airport retail channel, rising consumer holidays and health benefits of using sunglasses. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as: availability of counterfeit products and bad economic conditions.
Executive Summary
Luxury Sunglasses also known as premium sunglasses have been characterized as sunglasses that are fitted with non-solution lenses, and subsequently are not utilized for vision correction. They are fundamentally utilized for stylish purposes and for securing the eyes against hurtful bright (UV) beams.
The global luxury sunglass market increased at a significant CAGR during the span of 5 years, i.e., 2010-2015 and projections are made that the market would rise in the next five years i.e. 2016-2020 tremendously. The market is highly concentrated in Europe and the U.S., accounting a significant proportion of the market as European countries are popular as tax free shopping destinations among tourists and growing number of consumers who can afford branded sunglasses in the United States. In fact, the market is emerging in the developing nations such as China, Mexico, India, Brazil and Australasia at an increasing annual growth rate.
The major growth drivers for the global luxury sunglass market are: premiumization, airport retail channel, rising consumer holidays and health benefits of using sunglasses. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as: availability of counterfeit products and bad economic conditions.
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