Global Online Optical Retail Market: Trends & Opportunities (2014-2019)

The Report Global Online Optical Retail Market: Trends & Opportunities (2014-2019) provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

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Albany, NY -- (SBWire) -- 01/30/2015 --Scope of the Report

The report titled "Global online Optical Retail Market: Trends and Opportunities (2014-2019)" provides an in-depth analysis of major online optical markets all over the globe. The report assesses the key opportunities and underlying trends in the market and outlines the factors that are and will be driving the growth of the industry in the forecasted period (2014-19). Further, key players of the industry -Luxottica, Fielmann and Essilor (Coastal.Com) have been profiled.

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Country/ Regional Coverage

Asia
China
Japan
Australia
New Zealand
Americas
North America
Latin America
Europe
Germany
Sweden
Spain
Italy
United Kingdom
France
Netherlands

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Company Coverage

Luxottica
Essilor
Fielmann

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Executive Summary

The global online optical retail market has been showing tremendous growth since past few years. With the recent dramatic introduction of online sales, competition for the optical retail market has grown considerably and prices have changed accordingly. The development of the online platform opens up the industry to broader competition as more and more companies are entering into the online optical retail market. To tap the growth of the online channel, major eyewear manufacturers have ventured into this space to leverage the market potential. The market is highly dynamic and trendy in nature with major importance given to the quality of optical material.

The growth of the global online optical retail market is driven by a number of factors that include growth in internet usage, smartphone, tablets and economic growth. Acknowledging these factors, it could be said that the online optical retail market business will certainly gain importance in the years to come.

Problematic home deliveries, hesitant shoppers, lack of technology and logical infrastructure, underdeveloped eyewear market and several other issues pose major challenge to the growth of this business. Major trends prevailing in the online optical retail market are high demand of optics in developed countries and eyewear market still mostly being unbranded.

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The worldwide luggage market includes a wide range of products that vary in quality and prices. Premium luggage bags are costly, high quality, full-featured products and have selective distribution. In addition, there is a broad middle market in which products are differentiated by features, brand name and price. Both organized and unorganized players operate in this segment. Within this market, sales are largest at mid and low product price levels. Product differentiation decreases and breadth of distribution increases at lower price levels. At the lower end of the luggage market, unbranded or private label products with few differentiating features are sold in significant volumes and at low margins, competing primarily on the basis of price.

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Further, the report states that the increasing competition from local brands and counterfeit products is one of the main challenges hindering the growth of the market. This competition has led to market fragmentation, which has, in turn, resulted in several issues such as lack of price standardization, an uneven competitive scenario and market share erosion.

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