Industry Outlook and Trend Analysis
The global Plano Sunglasses Market was worth USD 15.34 billion in 2014 and is expected to reach approximately USD 28.77 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.24% during the forecast period. Plano sunglasses have been characterized as sunglasses that are fitted with lenses that are non-prescription, and in this way are not used for vision correction. They are for the most part used for aesthetic purposes and to protect the eyes against ultraviolet (UV) rays which may cause harm. Scientific investigations demonstrate that long term exposure of the eyes to UV rays makes them powerless to building up a cataract and may likewise make harm the retina. As indicated by the American Optometric Association, long term exposure to solar radiation expands the danger of macular degeneration, which can be fought by wearing shades with high eye protection factor (EPF).
Product outlook and Trend Analysis
Ordinary non-enraptured sunglass lenses just help in diminishing the measure of visible light entering the eye. Polarized shades are useful for enhancing visual acuity and improving vision. Using vertically adjusted filters, undesirable horizontally polarized light is blocked and valuable vertical light is permitted to enter through to the eye. Polarizing lenses are fabricated by methods, for example, injection molding, vacuum forming, and casting. Polaroid Eyewear additionally uses a process called press-polishing forming.
Lens Material Outlook and Trend Analysis
Lens materials incorporate polycarbonate, polycarbonate, CR-39 or allyl diglycol carbonate (ADC), and others, for example, glass and nylon. Buyers have been concentrating on making use of quality lenses which are not inclined to breaking or splitting upon affect. CR-39 was the most widely used material in 2012, majorly by virtue of its strength and cost viability. It represented 40.8% of the general share of the market around the same time. Polycarbonate lenses give superior effect protection and are lightweight; nonetheless, they experience the ill effects of disadvantages including reduced optical clarity and lower scratch resistance when compared with different materials
Regional Outlook and Trend Analysis
Europe and North America represented more than 60% of the market in 2012, because of higher affordability constrain among purchasers alongside existence of key industry members. Asia Pacific is anticipated to be the quickest developing business sector in the coming years. The market in Europe is foreseen to be the most astounding supporter of worldwide market income regardless of lower volume share, by virtue of high offering costs of plano sunglasses and inclination for premium shades, especially in Italy and Spain.
The industry is defined by mergers and acquisitions by major companies in order to maintain market position. The leading players in the market are Marchon Eyewear, Oakley Inc, Ray-Ban, Charmant Group, Marcolin U.S.A. Eyewear Corp, Safilo S.p.A and Vogue Eyewear.
The Plano Sunglasses Market is segmented as follows-
By Lens Material:
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?