Well-established luxury Brands in Dubai Opens new door for UAE Luxury Eyewear Industry to Grow at 4.

The report published by a leading consulting, data analytics, and market research firm i.e. Markntel Advisors, states that the growing majority of travelers and tourists at the airport or in a foreign market of the region, contribute to the lucrative growth of the market. The presence of luxury brands in Abu Dhabi & Dubai drives the cities to be a primary factor for accelerating the market growth. These well-established market leaders have performed exceedingly well in the UAE market.

The further report comprises "UAE Luxury Eyewear Market Research Report: UAE Luxury Eyewear Industry bifurcations - By Application (Contact Lenses, Sunglasses, Reading Glasses, Computer Glasses), By Size (Small, Medium, Large), By Material (Metal, Plastic), By Style (Rectangle, Square, Circle, Others), By Type (Rimmed, Rimless, Semi-Rimmed), By Distribution Channel (Online, Offline), By Region (Dubai, Abu Dhabi, Sharjah, Northern Emirates), By Company (Blackfin, Boss, Bulgari, Calvin Klein, Carrera, Chloe, Chopard, Dior, Giorgio Armani, Cutler & Gross) Forecast (2022-2027)", According to the report, The "UAE Luxury Eyewear Market" is anticipated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2022-27. The market growth is driven by rising consciousness in the consumers of UAE regarding branded and luxury eyewear. Currently, the UAE is one of the most attractive luxury eyewear markets among all the Middle East countries.

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Leading Segmentation Analysis Based on Distribution channel and geography

The UAE Luxury Eyewear market is segmented into three segments based on application, material, and distribution channels.

• Based on distribution channel, the market is segmented into Online and Offline in 2022, The Online segment dominated the UAE Luxury Eyewear Market
• Based on geography, the market is segmented into Dubai, Abu Dhabi, Sharjah, and Northern Emirates, in 2022, Dubai dominated the UAE Luxury Eyewear Market

Foremost Drivers and Challenges Faced by Global Industry

Market Driver:

• Mounting interest toward brand-conscious consumers in the region maximizes the market growth
• Exponential growth of UAE’s tourism and travel sector
• Inclination of the UAE’s population to live luxurious lifestyles

Market Challenge

• Growing adoption of duplicate products that replace the luxury brand and seek comprehensive attention from the consumers, hamper the market growth

Frequently Asked Questions (FAQs)-

1. What is the expected CAGR value of the UAE Luxury Eyewear Market during the forecast period?
2. What are the trends influencing the current scenario of the UAE Luxury Eyewear market?
3. What key factors would propel and impede the UAE Luxury Eyewear industry across the Globe?
4. How has the industry been evolving in terms of geography & UAE Luxury Eyewear adoption?
5. Which region dominated the global UAE Luxury Eyewear in 2022?
6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
7. Which is the Leading distribution segment in the UAE Luxury Eyewear market?

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals.