Press release
Plano Sunglasses Market Trends 2017 to 2024, Future Growth & Industry Drivers
Global Market Insights has a new study based report titled " Plano Sunglasses Market Size By Product (Polarized, Non-Polarized), By Material (CR-39, Polycarbonate, Polyurethane, Trivex, Glass), By Distribution Channel (Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Poland, Nordic Countries, Switzerland, Luxembourg, Belgium, Ireland, China, India, Japan, South Korea, Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Singapore, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Egypt, Tunisia), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024".
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The American Optometric Association in a recent study depicted that over exposure to UV rays which increase the risk of macular degeneration can be combated by sunglasses with high eye protection factor (EPF). Furthermore, increasing proliferation of contact lens along with acceptance of refractive surgeries such as LASIK is positively influencing plano sunglasses market dynamics. As per a report by Global Market Insights, Inc., “Plano sunglasses industry is slated to exceed USD 26 billion by 2023, with 4% projected CAGR over 2016-2023.”
The report offers all-inclusive analysis of:
1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period
The fragmented business landscape of plano sunglasses market is quite evident from the changing materials trends that are used in the manufacturing of these glasses. Polycarbonate, polyurethane, and CR -39 are the three materials that will experience a surging demand in the market. CR- 39 is one of the most preferred materials used in lens production. Cost affordability is the prime factor allowing better penetration of CR-39 plano glass market to a major section of the population. Polycarbonate plano sunglasses market will also experience steady growth at an estimated CAGR of 8% over 2016-2023. In comparison to these two, proprietary materials such as polyamide and glass will witness a downturn in the years ahead in terms of growth perspective.
The Plano Sunglasses Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Plano Sunglasses Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Plano Sunglasses Market Product Insights
Polarized plano sunglasses market was valued over USD 10 billion in 2016. Reduced glare & eyestrain, improved safety and enhanced vision are the key product benefits stimulating the industry growth
Non-polarized plano sunglasses market will observe gains at 4.5% up to 2024. High product adoption due to significant benefits including reduction of visible light entering eye along with superior optical properties at competitive price will propel the industry demand.
5. Plano Sunglasses Market Application Insights
6. Plano Sunglasses Market Regional Insights
Asia Pacific plano sunglasses market was valued around USD 2.8 billion in 2016. Increasing safety awareness among consumers along with improving standard of living are the key factors fueling the industry growth. Presence of large consumer base along with increasing purchasing power will propel the product development.
Europe plano sunglasses market was around 110 million units in 2016. Strong presence of major manufacturers along with high affordability of consumers will support the regional demand. The region is the major revenue contributor due to high selling prices of the premium products.
North America plano sunglasses market, led by the U.S. for industrial eye protection market will grow at 4% up to 2024. Rising demand for visually attractive products along with widespread awareness for eye protection will drive the regional demand.
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7. Competitor Profiles
Global plano sunglasses market share is consolidated in nature due to presence of few manufacturers holding major industry share. Luxottica Group, Safilo Group, Marcolin Eyewear, Kenmark, FGX International, Modo Eyewear, De Rigo Rem, Silhouette International and Vogue Eyewear are the key industry players. Luxottica dominates the industry holding, more than 50% of the global industry share in 2015.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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