The Sunglasses Market and why is it so Expensive?
The eyewear industry is an interesting industry, to say the least. With lots of big players in the market, why are sunglasses so expensive? Shouldn’t the vast number of competitors drive down the price for sunglasses? You would think so, its basic economics, right?!... With sunglasses, you really have 2 options, the “high end” sunglasses (these would be your well-known brands and designer sunglasses). The second option would be your more “affordable” brands (the budget brands offering lifetime warranty replacements, but at a steep price). With this, you would be interested to know that the sunglasses market is dominated by a single company that controls the market. This single company has roughly 70% of the market share, and they tout...