Since glasses are a requirement for those with poor vision, the eyewear industry has existed for millennia. The fashion and technological advances have made eyewear a growing industry. A select few businesses stand out from the others when it comes to dominating the industry.
Luxottica is one of the major players in the eyewear market. This Italian eyeglasses company is the owner of well-known brands including Oakley and Ray-Ban and has license arrangements with a number of upscale clothing companies, including Chanel and Prada. Additionally, Luxottica runs retail establishments like LensCrafters, Sunglass Hut, and Pearle Vision. In the eyeglass market, Luxottica is a significant rival with a market share of roughly 22%.
EssilorLuxottica is another business that controls the eyewear market. After Essilor and Luxottica merged in 2018, this French-Italian business was born. While Luxottica is a significant eyewear manufacturer, Essilor is a market-leading lens manufacturer. They collectively own a market share of roughly 17% and are the owners of various well-known brands, including Persol, Burberry, and Versace.
Safilo is a significant player in the field of designer eyewear. This Italian manufacturer creates eyewear for labels including Gucci, Dior, and Fendi. Carrera is another eyewear brand owned by Safilo. Safilo may not be as dominating as Luxottica or EssilorLuxottica with a market share of roughly 5%, but it is still a significant participant in the designer eyewear business.
One of the best brands of sports eyewear is Oakley, which is owned by Luxottica. Oakley is well-known for its high-performance eyewear and collaborates with many athletes and sports organizations. Another company that makes sports eyewear is Under Armour, whose sunglasses are made by Eyeking. Nike and Adidas are two other well-known companies in the sports eyewear market.
In terms of eyewear trends for 2020, those who are interested in fashion tend to favor larger and geometric frames. Additionally returning are cat-eye and round frames. Due to the increase in screen time from working and studying at home, blue-light-blocking lenses have grown more and more popular.
There are various steps involved in creating a pair of glasses. The optometrist first looks at the patient’s eyes and then recommends the appropriate lenses. The frames are then chosen and measured to guarantee a good fit. After that, the lenses are sized appropriately and put into the frames. The spectacles are finally modified to fit the patient’s face.
Cheap sunglasses frequently include plastic or polycarbonate lenses. These materials are inexpensive, strong, and lightweight. They might not, however, provide as much protection and clarity as more expensive lenses made of glass or other materials. To provide adequate eye protection, it’s crucial to take the quality of the lenses into account while selecting sunglasses.
The three major players in the eyeglass market are Luxottica, EssilorLuxottica, and Safilo, each of which owns a number of well-known brands. Popular brands for sporting eyewear include Oakley and Under Armour. 2020 will see the popularity of oversized, geometric frames, as well as lenses that exclude blue light to lessen eye strain from screens. There are multiple procedures involved in creating a pair of glasses, and inexpensive sunglasses frequently have plastic or polycarbonate lenses.