In recent years the eyewear business has seen a great deal of sustainable growth and is now considered by many as a force to be reckoned with within the fashion industry. No longer is the focus aimed solely at apparel and accessories such as handbags and shoes, but more at this growing business. There are currently three major players in the industry who have seized this exciting opportunity with both hands and are currently making waves within the eyewear sphere.
The top player is no-doubt Luxottica; a little-known yet powerful and successful eyewear manufacturer based in Italy. In recent years this company has gained a great deal of influence worldwide in the eyewear industry and currently produces both prescription glasses and sunglasses for almost all the big designers including Chanel, Versace, Christian Dior, Prada and Ralph Lauren. Industry experts claim that more than half a billion of individuals own a pair of their glasses. Luxottica’s retail division also owns the majority of eyewear retail outlets and the world’s largest sunglasses chain Sunglass Hut.
Another forerunner in the eyewear industry is Essilor; a popular company leading in both sales and the manufacturing of eyeglass lenses. The company is based in France and is currently in possession of in and around thirteen per cent of the global wholesale eyewear market. Essilor is also one to watch when it comes down to innovation within this fast-growing and high-demand industry.
Johnson & Johnson Vision
Yet another popular contender within the eyewear business is Johnson & Johnson Vision; this company is based in the US and famously manufactures the Acuvue Brand. Industry experts estimate that Johnson & Johnson vision is the proud holder of in and around ten per cent of the global eyewear market as the top contact lens manufacturer.
One of the newest contenders within the industry is Warby Parker; this company burst onto the scene in 2010 and has now flourished as one of the most recognisable online eyewear retailers worldwide. The company’s almost unprecedented success is principally related to its startling ability to sell at low market prices without making sacrifices in terms of quality.
Industry experts estimate that the eyewear business is worth around eighteen billion dollars solely in the US and that almost half of this impressive revenue comes from the industry giant Luxottica. The eyewear business is expected to continue to grow at an alarming rate in the next five years as glasses, sunglasses and contact lenses become the most popular and sought-after fashion accessory. Subsequently, if you are currently looking to break into the entrepreneurial world perhaps the eyewear industry is one that you’ve been looking for.