Improving skillsets in perfume making and technological advancements in luxury perfume industry lead to wide range of product offerings, thereby fueling the demand and popularity of luxury perfumes across the world.
Liberalization on foreign trade leading to the penetration of major players in the Indian market has been a key driver fueling the regional market growth.
Luxury perfumes holds a major share in the prestige market of the region especially in France followed by Spain, Italy, Germany, and the UK.
Trend in the usage of luxury perfumes majorly differs according age groups of the region.
Growing popularity of French perfumes among women in the region for its elegant fragrances are also expected to further fuel the growth of luxury perfumes in the region during the forecast period.
Some of the key players in the Global Luxury Perfumes Market are
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Global Luxury Fashion Market Information by type (Clothing, Footwear, Accessories and others), by distribution channel (monobrand stores, department stores, specialty stores, multi brand boutiques, airport, e-commerce and others), and by Region – Forecast to 2022
The global economic developments have led to drastic changes in the lifestyle of the masses.
The assessment published by Market Research Future (MRFR) asserts that the Global Luxury Fashion Market is anticipated to expand at a moderate pace over the forecast period.
The rising per capita income is expected to escalate purchasing power which is poised to support market growth over the next few years.
The key players competing in the global luxury fashion market are Louis Vuitton, Gucci, Hermès, Chanel, Cartier, Prada, Rolex, Burberry, Tiffany, Zara, Michael Kors, and Dolce & Gabbana.
In June 2019, Hennes & Mauritz AB (H & M), a Swedish multinational clothing-retail company, has collaborated with Dutch Brand Love Stories for making swimsuits for the summer season.
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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 timeframe.
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.
"Increasing implementation of omni-channel retailing is significantly impacting the build-up of high-end eyewear market, with greater emphasis expected on pricing and distribution," says the FactMR report.Luxury Eyewear Market: Key FindingsEyeglasses 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.Europe, accounting for around 1/3rd of global market revenues, remains a lucrative investment pocket.Request a Sample Copy of Concerned Report - https://www.factmr.com/connectus/sample?flag=S_id=4478Luxury Eyewear Market: Key Driving FactorsIncreasing consumer awareness about UV protection is shaping consumer perception about sunglasses as more than a fashion accessory, which remains a key factor driving sales of sunglasses.Actionable insights about changing consumer trends, sourced from social media platforms, work in favor of the online retail of luxury eyewear.Notable rise in per capita spending of consumers on premium products is significantly contributing to market growth.
