Analyst Insight by May Ling Tham, Head of Personal Accessories and Eyewear, Euromonitor International
As the world celebrated Earth Day on 22 April 2013, we take a look at wooden eyewear and how this product strives to balance beauty, function and the environment. In recent years, there is growing interest in spectacles made from wood, a material that many view as being eco-friendly and lightweight. While wooden eyewear has been around for some years, however, it is only in recent years that interest has spiked.
Continue reading "Wooden Eyewear – Creative Marketing and Brand Positioning" »
Analyst Insight by May Ling Tham, Head of Personal Accessories and Eyewear Research, Euromonitor International
Eyewear in Latin America posted a value CAGR of 3.5% over 2007-2012, slightly ahead of the industry’s global CAGR of 2.8%. As mature markets continue to inch towards saturation, eyewear manufacturers are eyeing emerging markets such as Latin America and Asia. Euromonitor International takes a look at some expansion activities in Latin America.
Brazil takes the lead
Within Latin America, Brazil registered the strongest performance in eyewear over the 2007-2012 review period. Brazil is the largest economy in South America in terms of real GDP, with a growing middle-class and enjoying higher than average GDP per capita. Thanks to a combination of the country’s ageing population, rising demand for prescription glasses and increased usage of eyewear as a fashion accessory, Euromonitor International expects to see continued strong demand for eye care and related services in Brazil over the forecast period.
Continue reading "Fierce Competition Expected in Eyewear as Latin America Anticipates Strong Growth" »
Analyst Insight by Sulabh Madhwal, Personal Accessories and Eyewear Analyst, Euromonitor International
The Swatch Group acquired luxury jewellery brand Harry Winston in January 2013. Several global players operating across personal accessories and eyewear have also intensified acquisition efforts in early 2013, targeting specific markets rather than globally recognisable brands.
Global accessories revenues for PPR, one of the largest luxury players, were heavily reliant on bags and luggage in 2012. Boucheron and Girard-Perregaux were the only two jewellery or watch brands with notable sales in the calendar year. The company has started to address this situation as it acquired Hong Kong’s jewellery brand Qeelin in December 2012. Focused on two markets, in the form of China and Hong Kong, the luxury jewellery brand is likely to be followed by more jewellery and watch brands entering PPR’s portfolio in 2013. Another regional player acquired in January 2013 was Christopher Kane, catering to apparel and bags in the UK.
Continue reading "Acquisitions Fast Becoming the Buzzword for 2013" »
Analyst Insight by Sulabh Madhwal, Analyst - Personal Accessories and Eyewear, Euromonitor International
While global eyewear sales saw
low single-digit growth in 2012, industry leaders Essilor and Luxottica are
expected to post double-digit gains in full year sales. These performances were
fuelled by their international operations, which contributed a majority share
of both companies’ sales. We analyse the degree of influence that ‘home’ markets
continue to have on global sales and strategies of the largest spectacle
manufacturers in the world.
Continue reading "The Importance of Home Markets to Spectacle Players" »
Analyst Insight by May Ling Tham, Head of Personal Accessories and Eyewear at Euromonitor International
As technology increasingly
shapes the way we work, interact and live, it too poses a potential risk to our
eyes. Digital devices are designed for close range usage, where eyes are
required to constantly refocus and reposition to process content. Over usage of
such devices can cause eye fatigue, irritation and vision problems. These
symptoms are medically known as computer vision syndrome (CVS) or digital eye
Continue reading "Digital Eye Strain Leads to New Eyewear Product" »