A well-known eyewear manufacturer with a substantial market share is Luxottica. It is an Italian business that Leonardo Del Vecchio founded in 1961. The company now has a substantial portfolio of globally recognized eyewear brands. The key query will be addressed in this article: What businesses is Luxottica a part of?
A few well-known brands in Luxottica’s brand portfolio are Ray-Ban, Oakley, Persol, Vogue Eyewear, and Arnette. Additionally, it holds a license to produce and sell eyewear for a variety of high-end and fashion labels, including Chanel, Prada, Versace, Burberry, Ralph Lauren, and many more. The business has retail locations and distribution contracts in a number of nations, including the US, China, Brazil, and Italy.
The billion-dollar sunglasses market includes Luxottica as one of its leading participants. The global eyeglasses market, which was estimated to be worth $138.8 billion in 2020 by Grand View Research, is anticipated to expand at a compound annual growth rate (CAGR) of 7.6% from 2021 to 2028. This expansion can be linked to the rise in visual impairments, fashion trends, and the aging population, as well as the rising demand for eyewear.
There are a few things you should take into account before beginning your own eyewear design business. To create distinctive designs that stand out in the marketplace, you must first possess a creative and imaginative attitude. You also need to be familiar with the newest developments in fashion and technology in the eyewear sector.
There are a variety of materials available for the creation of sunglasses. Acetate, a kind of plastic that is lightweight, strong, and easily moldable into many shapes and colors, is one of the most often used materials. Titanium is a desirable material as well because it is strong, lightweight, and corrosion-resistant. Aside from plastic, sunglasses can also be made from aluminum, stainless steel, and wood.
Finally, Luxottica is a well-known eyewear manufacturer that owns a wide variety of brands, such as Ray-Ban, Oakley, and Persol. The business has retail locations and distribution partnerships in a number of nations, and it has a sizeable portion of the global eyewear industry. The billion-dollar sunglasses market is projected to expand further in the years to come. You need to be creative and have knowledge of the market if you’re interested in starting your own eyewear design business. Finally, acetate, titanium, and wood are among the materials that can be used to create sunglasses.