What is Premium Eyewear Market?
Premium eyewear is manufactured with numerous individual parameters. The glass of the premium eyewear is optimized and the regions with optical imaging errors are reduced as much as possible. The area with clear vision is much larger than in standard eyewear. They are customized to users' eyes and offer a wider viewing area than standard. The factors such as Increased Disposable Income of the People and Advancements in the Shape and Color of Eyeglasses are driving the global premium eyewear market.
The market study is being classified by Type (Contact Lenses, Spectacles and Sunglasses) and major geographies with country level break-up.
Luxottica Group S.p.A. (Italy), Essilor International S.A. (France), Grand Vision (Netherlands), Formosa Optical Technology Co., Ltd. (Taiwan), Carl Zeiss AG (Germany), Hoya Corporation (Japan), De Rigo S.p.A. (Italy), Indo Internacional, S.A. (Spain), Safilo Group S.p.A. (Italy) and Johnson & Johnson (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are CIBA Vision (United States), CooperVision (United States), Marchon Eyewear (United States), Fielmann AG (Germany) and Bausch & Lomb (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Premium Eyewear market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Premium Eyewear market by Type, Application and Region.
On the basis of geography, the market of Premium Eyewear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Disposable Income of the People
- Advancements in the Shape and Color of Eyeglasses
Market Trend
- Robust Increase in the Distribution Channels
- High Demand for Premium Eyewears
Restraints
- Availability of Low-Quality Products in Cheaper Rates
- Fluctuations in the Raw Material Prices
Opportunities
- Increasing Investments in the Eyewear Market
- Growing Demand from End-users
Challenges
- Changing Consumer Buying Behaviors
Key Target Audience
Premium Eyewear Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users