Plano Sunglasses Market Size to Register USD 26.46 billion During the Period 2017 - 2024

MaketStudyReport.com adds a New Plano Sunglasses Market Research Report for the period of 2017 - 2024 that shows the growth of the market is rising at 2024.
Plano Sunglasses Market size is poised to surpass USD 26.46 billion by 2024; according to a new research report.
Growing purchasing power and awareness regarding the need for eye protection will drive global plano sunglasses market size. Brand conscious consumers are also willing to spend more on higher quality and aesthetic appeal. The plano sunglasses industry is characterized by changing material trends; polycarbonate (PC) and CR-39 are anticipated to witness high growth, with other materials such as glass and polyamide to exhibit low CAGR in the coming years.
Plano sunglasses market price trend differs on a regional basis as well as across brands. Mark-ups are particularly high with brands such as Luxottica, and the European industry is characterized by the highest retail prices. Regardless of the technique used for production, the coating applied on the final lens determine the performance and price characteristics. Europe plano sunglasses market share was over 40% of the global revenue, and is forecast to approach USD 10 billion by 2023.
Although polarized sunglasses contributed a little over 20% to the overall volume in 2015, global revenue share is set to surpass 35% by 2023 due to higher prices and functionality. The majority of polarized sunglasses use injection molding for lens production. The lens molds in which melted polycarbonate is injected are compressed under high pressure and cooled to give way to the final product; this manufacturing process results in higher impact resistance
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The above information is provided on a regional and country basis for the following:
 North America: U.S, Canada.
 Europe: Germany, UK..
 Asia Pacific: China, India, Japan.
 MEA:
 Latin America (LATAM): Brazil
Plano Sunglasses Market by Product:
• Polarized
• Non-Polarized
Plano Sunglasses Market, By Material
• CR-39
• Polycarbonate
• Polyurethane
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Key insights from the report include:
Global plano sunglasses market shipments of over 300 million units in 2015 are forecast to gain at 4.6% CAGR from 2016 to 2023. Growing acceptance of vision correction surgeries such as LASIK and steady rise in the global contact lenses market will fuel growth.
Lifestyle changes due to growing urbanization, particularly in developed economies are a major driver for the eyewear market.
Aging population base coupled with robust spectacles demand may hamper consumption. The unorganized sector, particularly in the Asia Pacific plano sunglasses market, is also projected to pressurize profitability of major industry participants. Steady adoption of prescription products has led to lower replacement rate.
Major industry participants are Luxottica and Safilo; together they account for majority of the plano sunglasses market share. This can be credited to their considerable in-house and licensed brand portfolio, vertical integration strategy, and global presence. Other companies include De Rigo, Marchon Eyewear, Marcolin, etc.
Retail outlets are the most widely used distribution channel. In Asia Pacific, the retail sector is highly fragmented, with stand-alone outlets and independent practitioners constituting high share. Frequent partnerships and joint ventures are carried out between industry players and retail chains in order to ensure brand establishment and increased geographical expansion.
Products used in sports are equipped with impact resistant materials in order to ensure safety, and also have a high degree of tint. In contrast, those designed for casual wear or purely for aesthetic purposes do not require the same degree of robustness, and are made using materials of lower resilience.
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