Strategic partnerships and collaboration are one of the few of the many strategies adopted by eyewear companies to improve product offerings. The sunglasses segment is anticipated to grow at the fastest CAGR owing to the increasing awareness regarding the harmful effects of UVA and UVB rays on vision. The high unmet demand for sunglasses in the emerging nations of Latin America and Asia Pacific is projected to positively impact the overall market growth in the forthcoming years. The global eyewear market size was valued at USD 115.90 billion in 2018, and is projected to reach USD 178.95 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The eyewear industry is highly fragmented with many local and international players. The spectacles segment is projected to maintain its dominating position at the end of the forecast period. This is a very good piece of work and will be very helpful to us going forward. “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. What is the key factor driving the market? The report covered all the points and was very detailed. Market Euronext … In addition, Luxottica owns the Sunglass Hut retail brand and is a retail company in its own right, with over 7,000 stores worldwide, giving it a majority share of the eyewear market. In 2019, EssilorLuxottica had over 150,000 employees and consolidated revenues of Euro 17.4 billion. In Asia Pacific and Latin America, there is an increasing demand for contact lenses which is estimated to boost the contact lens market growth. What is the leading segment in the market? From converting production lines to make disinfectant gel, to donating intensive care units to struggling hospitals, Italian billionaires are finding ways to pitch in to the national effort against the coronavirus in Italy. The global market is highly fragmented due to the presence of both local and international players. North America generated a revenue of USD 35.60 billion in 2018 and is expected to hold the highest revenue share in the  market throughout the forecast period. Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. Who are the top players in the contact lenses segment in the market? However, in the developed countries in North America and Europe, the contact lens segment is estimated to witness a dip in adoption rate due to higher cost and maintenance associated with the product. Johnson and Johnson Services, Inc. holds the highest share in the global contact lens market, followed by Alcon. © 2020 Forbes Media LLC. EssilorLuxottica announces launch of share buyback program. In the current market landscape, the contact lens segment is estimated to experience an increase in acceptance in countries of Asia Pacific and Latin America, owing to the aesthetic value offered by the product type. In the latest legal challenge by LVMH, the French luxury goods group claims that a material adverse event (the pandemic) is the reason it no longer has to follow through on its plans to acquire Tiffany & Co. A&E (the initials belong to its two founders, Amra and Elma Beganovich) is a digital agency with a powerful portfolio of Fortune 500 companies as clients, including Netflix, Wells Fargo, and Procter & Gamble. As people live longer, there is an increase in the risk of ocular disease in the geriatric population. To gain extensive insights into the market, Request for Customization. The MAX fleet was grounded in 2019 following two crashes that killed 346 people. The Lenses & Optical Instruments business segment engages in the production, finishing, distribution and trading of lens and instruments. Request a Free sample to learn more about this report. Various key insights provided in the report include key industry developments - mergers, acquisitions, and partnerships introduction of new products / approvals (by major players). EssilorLuxottica offers consumers around the world a superior shopping experience which strives for excellence both online and offline. 24 Dec 2020 at 14:02:33. €128.65 +0.43%. ... Market Cap $53.9B. The backstory behind one of the many bad trades made by the Mets in the 1970s is relevant to the current situation of the New York Jets, who cannot let themselves be misled by small sample sizes when they chart the future of the organization. The global market will exhibit steady growth of 5.7% during the forecast period (2019-2026). Moreover, unfavorable reimbursement policies related to vision correction in these developed countries may affect the market growth of contact lens segment during the forecast period. Essilorluxottica (EURONEXT:EL) - Share price. Alcon (a part of Novartis AG) and Johnson and Johnson Services, Inc. are the top players in the contact lens segment in the market. The increase in geriatric population suffering from myopia and hypermetropia is anticipated to fuel the market growth. To get more information on the regional analysis of this market, Request a Free sample. Luxottica Group is a leader in premium, luxury and sports eyewear with over 7,400 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin America and Europe, and a strong, well-balanced brand portfolio. … The increase in brand consciousness is also projected to drive the market globally. Sources: Factset, Bloomberg, S&P Cap IQ; Forbes. 2021 is almost here and so soon could be big things from Amazon, Kohl's, Walmart, and the local mall down the street. All Rights Reserved. As the year 2020 comes to an end, here is a list of actors who made their characters memorable. Its closest rival J&J is still far behind and only has 5% of the market share. The Sunglasses and Readers business segment engages in the production, distribution and sale of both non-prescription sunglasses and non-prescription reading glasses. Use Forbes logos and quotes in your marketing. “Rising Incidence of Eye Health Issues and Increasing Geriatric Population is Projected to Propel the Global Market in the Forthcoming Years”. EssilorLuxottica (ESLOF) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses enabling people everywhere to learn, to work and to fulfil their potential. This market trend is estimated to propel online store sales in the coming years. Here you will find the list of the upcoming financial events of the EssilorLuxottica Company. EssilorLuxottica SA engages in the design, manufacture, and sales of ophthalmic lenses and instruments. Essilorluxottica,EL,ISIN: FR0000121667 - view the latest price,charts and performance information at AJ Bell Youinvest. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. North America is expected to hold the highest market share in the market. As influencers, Amra and Elma say they have 2.2 million social followers. Skip to main content. Remarkable job and great efforts by your research team. Increasing acceptance of vision care products is estimated to boost the growth of the market in North America. The major market players are segmented into contact lens market and spectacles and sunglasses market. Stock analysis for EssilorLuxottica SA (EL:BrsaItaliana) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Which is expected to drive the adoption of the sunglasses in the market? All Rights Reserved. The Equipment business segment includes production, distribution and sale of high capacity equipment, such as digital surfacing machines and lens polishing machines. The retail eyewear business is completely unready for changes that can potentially hollow out their stores. This trend can be witnessed in developed as well as developing nations. Increasing adoption of daily disposable lenses, increasing mergers and acquisition of companies, and demand for quality sunglasses are some of major trends influencing the global market. The report was very accurate and as per my requirements. In 2018, the market was valued at USD 115.90 billion. In 2018, EssilorLuxottica had nearly 150,000 employees and pro forma consolidated revenues of Euro 16.2 billion. In the current scenario, people prefer using eyewear owing to rising awareness regarding ocular diseases, combined with the increasing prevalence of vision abnormality. Podcasting matured into a billion-dollar industry this year, with Spotify, iHeartMedia, and NPR as the biggest players, and Amazon soon to join the list. The Company’s retail network counts around 9,000 stores that offer high quality vision care and shopping experiences to patients and consumers, from highly digital eye exam technology … Market capitalization of EssilorLuxottica (ESLOF) Market cap: $68.42 B As of December 2020 EssilorLuxottica has a market cap of $68.42 B.This makes EssilorLuxottica the world's 212th most valuable company by market cap according to our data. A higher population of individuals suffering from ocular diseases is estimated to one of the key drivers influencing the eyewear market trends. The wide product offering by manufacturers is increasing the demand for sunglasses globally. It operates through the following business segments: Lenses & Optical Instruments, Equipment, and Sunglasses and Readers. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. Beginning of the quiet period ahead of FY20 results — 15 … Furthermore, the increase in the geriatric population is estimated to augment the eyewear market growth during the forecast period. Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. The companies adopt newer technologies like 3D printing to enhance the quality of spectacles lenses and capture market share. 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