The
global plano sunglasses market is expected to reach USD
19,944.3 million by 2020, according to a new research report by Grand View
Research, Inc. High-end products which are sold at premium prices are expected
to contribute to industry growth. Grand View Research also observes that growing
awareness regarding the importance of protecting the eyes from harmful UV
radiation is expected to be a key driving force for the market.
Polarized
sunglasses accounted for just over 20% of the overall shipments in 2012; the
segment is expected to gain market share over the forecast period. In terms of
lens material, CR-39 is expected to continue leading the market over the next
few years. Polycarbonate is also expected to witness growing demand, and the
market for sunglasses with these lenses is expected to grow at a CAGR of 8.2%
from 2013 to 2020. Usage of Rx sunglasses and sunglass clips by a large
percentage of the population to serve the purpose of vision correction is
expected to be a restraint for the market on a global scale.
Plano
sunglasses market revenue share by lens material, 2012
Browse full
research report on Plano Sunglasses Market: http://www.grandviewresearch.com/industry-analysis/plano-sunglasses-industry
Further
key findings from the report suggest:
- The global market for plano sunglasses was
estimated to be USD 10,828.0 million in 2012, and is expected to grow at a
CAGR of 8.0% from 2013 to 2020
- In terms of volume, plano sunglasses shipments
are expected to reach 394.8 million units by 2020
- North America is expected to dominate
consumption through the forecast period. The market in Europe is expected
to generate the highest revenue despite lower shipments on account of high
selling prices of plano sunglasses in the region. It is expected to be
valued at USD 7,051.5 million in 2020.
- Asia Pacific is expected to be the fastest
growing regional market in the coming years, which can be attributed to
the increasing user base and dense population. Growth in purchasing power
and disposable income are expected to help the market grow at a CAGR of
10.1% in terms of revenue from 2013 to 2020.
- The global market is consolidated in nature,
and key participants Luxottica Group S.p.A. and Safilo Group S.p.A. have
been entering into merger and acquisition activities to gain market share
and expand their brand portfolio. Establishment of an efficient
distribution network is of the utmost importance in order to ensure
strategic advantage and remain competitive. Other companies operating in
the market include Marchon Eyewear, Marcolin Eyewear, De Rigo S.p.A.,
Charmant Group, etc.
Browse more
reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the global plano sunglasses market on
the basis of lens type, lens material and region:
Plano
Sunglasses Lens Outlook
- Polarized
- Non-Polarized
Plano
Sunglasses Lens Material Outlook
- CR-39
- Polycarbonate
- Polyurethane
- Others
(Glass, Nylon, etc.)
Plano
Sunglasses Regional Outlook
- North
America
- Europe
- Asia
Pacific
- RoW
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-plano-sunglasses-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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