Markntel Advisors present the latest study on UAE Luxury Eyewear Market, covering extensive, in-depth analysis of the ongoing trends, opportunities/ high growth areas, and market drivers, which could help stakeholders to devise and align market strategies according to the future market dynamics. The overall analysis covers an overview of the industry policies, market fluctuations, and the cost structure of the products available.
According to UAE Luxury Eyewear Market Research Report: Forecast (2022-2027), “The market is anticipated to grow at a CAGR of around 4.2% during the forecast period owing to the extreme brand consciousness among the consumers, and the fashion, accessories, etc. being the medium to propagate the possession of high living standard to be boasted about. In addition, the inflow of expanding tourists and the region’s popularity as a hub of luxury brands and shopping stops is extending industrial growth. Furthermore, with optical frames transforming their application from medical necessity to a fashion accessory, consumers are encouraged to spend on eyewear, resulting in industrial expansion.”
Competitive Landscape
Intending to reveal the competitive situation of the industry, the report concretely analyzes not only the leading enterprises that have a voice on a global scale but also the regional small and medium-sized companies that play vital roles and have plenty of potential growth. The major players, among whom the UAE Luxury Eyewear Market fluctuates, are Blackfin, Boss, Bulgari, Calvin Klein, Carrera, Chloe, Chopard, Dior, Giorgio Armani, and Cutler & Gross.
Well-Established Market in Dubai Garners the Top Market Share
“Region-wise, Dubai is anticipated to experience the largest growth while garnering the highest market share owing to the well-established branded eyewear market in the region. Besides, since the emirates are home to several of the world’s largest shopping malls and luxury is rather a lifestyle than an extravagance to most of the population; therefore, the industry is bound to continue its flow of growth. Additionally, the extreme climatic conditions in Dubai and burgeoning spending towards purchasing expensive and luxurious sunglasses, prescription lenses, and contact lenses due to high purchasing power are favorably fostering the industrial expansion.”, further states the research report by Markntel Advisors.
The Scope of the Report
With a business objective, the report details the key takeaway necessary to formulate business strategies like:
- New product launches
- New client acquisitions
- New opportunity mapping (market level and geography level)
- Competitive benchmarking
- Cost optimization strategies
- Expansion plans and more
Enlisting the Segments
The distinct divarication and articulations of the industry are classified into further segments so the stakeholder can obtain detailed information about factors affecting the market along with various factors affecting the elements which lead to fluctuations in the market. Segment-wise, UAE Luxury Eyewear Market spreads across the following:
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By Application
- Contact Lenses
- Sunglasses
- Reading Glasses
- Computer Glasses
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By Size
- Small
- Medium
- Large
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By Material
- Metal
- Plastic
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By Style
- Rectangle
- Square
- Circle
- Others
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By Type
- Rimmed
- Rimless
- Semi-Rimmed
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By Distribution Channel
- Online
- Offline
Customize and Alter:
Customized requirements of multi-dimensional, deep-level, and high-quality can help grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus winning sufficient time and space for market competition. We at Markntel Advisors offer customization & personalization options to further understand and cater to your needs, wants, and requirements. To know more, reach out to us.