Plano Sunglasses Market to surpass 450 million units by 2024: Global Market Insights, Inc
OCEAN VIEW, Del., Oct. 20, 2017 /PRNewswire-iReach/ -- Plano Sunglasses Market is witnessing a remarkable growth worldwide with the increasing technological interference in the global eyewear industry. Growing consumer awareness pertaining to the eye health is providing a significant impetus to the product demand. Plano sunglasses are fitted with non-prescriptive lenses, that protect the eyes from harmful ultraviolet rays. 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."
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Shifting consumer interest towards premium products will encourage the key players to launch new products. Rising demand for sports accessories globally will propel the market size. Celebrity endorsement is anticipated to be the major factor driving revenue growth. Plano sunglasses may tend to be more expensive than ordinary shades, this may hinder product demand.
Polarized sunglasses projected to surpass 174 million units by 2024. Increasing product demand owing to enhanced vision properties will propel industry size. It helps in improving clarity of vision by countering horizontal rays in daylight.
Polycarbonate material for plano sunglasses is expected to witness growth over 2.5% by 2024. It is light weight and does not require any special coatings to block UV rays. Rising product demand from those who work in hazardous job environments will add to industry growth.
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North America plano sunglasses industry accounted for over 95 million units in 2016. Increased consumer awareness about harmful UV radiation driving product sales in the region.
Europe led by Germany and UK will surpass USD 11 billion upto 2024. The demand for premium-priced and customized colored shades will drive market growth. Fast-changing fashion trends and availability of high-end brands propelled industry size. The regional e-commerce industry generated online sales of goods and services worth USD 592.93 billion in 2016. At present, 296 million online shoppers are in Europe, spending at an average of USD 1,793 online per year.
APAC dominated by India and China accounted over 20% industry share in 2016. Increasing penetration of international brands such as Luxottica, Grand vision, Essilor and OTIS will fuel the product demand. Strong influence of western lifestyle and culture will support regional growth.
Global plano sunglasses industry is consolidated in nature as key participants hold a major industry share. Luxottica Group, Marcolin Eyewear, Safilo Group, De Rigo Rem, Kenmark, Modo Eyewear, FGX International, Silhouette International and Vogue Eyewear are the major industry players.
https://www.gminsights.com/industry-analysis/plano-sunglasses-market
Browse Related Reports:
- Contact Lenses Market Forecast, 2017 – 2024
Global Contact Lenses Market size was worth over USD 9.5 billion in 2016 and will surpass 1 billion units by 2024. Changing consumer lifestyle coupled with ongoing fashion trend will drive contact lenses market growth. Increasing prevalence of optical disorders such as myopia and hypermetropia will propel the industry size. Strong product demand to change aesthetic appearance without vision correction will support cosmetic lens market penetration.
https://www.gminsights.com/industry-analysis/contact-lenses-market
- Industrial Eye Protection Market Forecast, 2017 – 2024
Global Industrial Eye Protection Market size was worth over USD 1.92 billion in 2016 and will surpass 270 million units by 2024. Rising workplace injuries due to lack of safety precautions has enhanced the necessity for eye protection in end-use industries. As per ISHN, the U.S. reports more than 300,000 workplace eye injuries per year. Construction, manufacturing and mining industries together account for 40% of these injuries.
https://www.gminsights.com/industry-analysis/industrial-eye-protection-market
About Global Market Insights
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.
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