Plano Sunglasses Market is poised to touch USD 21 million by 2021

November 17 00:25 2018

Plano Sunglasses Market | Research Cosmos
North America and Western Europe represent more than half of the world market for Plano sunglasses. The high limits of accessibility for the end user and the presence of key market players in these regions should lead to the growth of market during the forecast period.

Plano sunglasses Market Overview:

The Plano glasses are non-prescription lenses that are used primarily to protect the eye from harmful ultraviolet light. These Plano sunglasses are not used for vision correction. Scientific studies have recognized that overexposure to harmful ultraviolet light can cause eye damage and vision problems. Overexposure to solar radiation can threaten molecular degeneration. This risk can be combated with Plano sunglasses. The highest turnover in the Plano sunglasses market comes from the sale of high-end products. The global Plano sunglasses market has huge opportunity during the forecast period and hence major player in this market are focusing on increasing and developing their distribution channel globally.

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Plano Sunglasses Market was valued at USD 15 million in 2016 and projected to reach USD 21 million by 2021 growing at a CAGR of 7.72% during the forecast period 2016 to 2021.

Plano sunglasses Market Drivers and restraints:

It is expected that the global market for Plano sunglasses will grow during the foreseen period due to the growing awareness of safety and eye protection, and the increase in world population. Changes in lifestyle, the demand for fashionable sunglasses and the availability of cutting-edge products in urban areas are some of the important factors that should guide the global Plano sunglasses market during the forecast period. One of the main limiting factors in the market for Plano sunglasses is the vast majority of the population that suffers from visual deficiencies such as myopia and hyperopia. Among this population, a significant percentage of people wear glasses, which negatively affects the demand for Plano sunglasses. In addition to this, prescription sunglasses are used to correct both vision and sufficient eye protection. However, the increasing adoption of contact lenses and the improvement of permanent vision correction methods should reduce the impact of this restriction during the forecast period. For instance, the growing demand for LASIK (Laser-Assisted In Situ Keratomileusis), which is nothing but a surgical procedure used to reduce dependency on eyeglasses or contact lenses is anticipated to affect favourably to the global Plano sunglasses market over the forecast period. The increasing purchasing power of the end users and wearer base is likely to fuel the growth of Plano sunglasses market.

Plano sunglasses Market Geographical segmentation:

The global market for Plano sunglasses is divided into seven key regions of North America, Latin America, Western and Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). North America and Western Europe represent more than half of the world market for Plano sunglasses. The high limits of accessibility for the end user and the presence of key market players in these regions should lead to the growth of market during the forecast period. The demand for high quality sunglasses from countries such as Italy and Spain should boost the Plano sunglasses market in Western Europe. The presence of small, unorganized actors in developing countries such as India and China are expected to impede the income of the main players operating in this market.

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Key Players of Plano sunglasses market:

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.

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