Global Plano Sunglasses (Polarized, Non-Polarized ) Market by Material (Polycarbonate, CR-39, Polyurethane) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

This report examines the global plano sunglasses market. Plano sunglasses are sunglasses with non-prescription lenses that can be used to correct vision. They are used primarily for aesthetic reasons and to protect the eyes from harmful UV (UV) radiations. Studies have shown that prolonged exposure to UV rays can lead to cataract formation and damage to the retina. The American Optometric Association states that prolonged exposure to UV radiation can increase the risk of macular damage. This can be mitigated by wearing sunglasses with high protection factors (EPF). The market's main driver is the growing awareness of the importance of protecting your eyes. High-end products, which are often sold at high prices, account for the majority of market revenue. Global plano sunglasses market value was USD 10.82 billion in 2012. It is projected to grow at an 8.0% CAGR from 2013 to 2020. Global shipments in 2012 were 285.5 million units. The key factor driving market growth is the growing demand for trendy products around the world. To reach a wide range of customers, companies in this market have focused on expanding their distribution networks.

The market's major obstacle is myopia (nearsightedness), and hyperopia (farsightedness) which affects a large portion of the population. A large number of these people rely on glasses, which negatively affects the demand for plano sunglasses. Prescription sunglasses are also used to fulfill the dual purpose of providing adequate protection and vision correction. Prescription sunglasses are used to correct vision and protect the eyes. However, this restriction is likely to diminish over the next few years due to the growing acceptance of permanent vision correction procedures and contact lenses. LASIK (Laser Assisted In Situ Keratomileusis), a surgical procedure that reduces dependency on contact lenses or eyeglasses, has seen increasing acceptance. This procedure's potential to improve the quality life of the end users will positively impact the market for plano sunglasses over the forecast period. Overall industry growth is expected to be driven by an increasing wearer base and a rise in the purchasing power of end users. The market value chain includes component (lens frames etc.). Manufacturers, suppliers of plano sunglasses as well as distributors and retailers are all included in the market value chain.

Product Insights

Non-polarized sunglasses lenses are not designed to reduce the amount of visible sunlight entering the eyes. The use of polarized sunglasses is for improving vision and visual acuity. Vertically aligned filters block unwanted horizontally-polarized light and allow for useful vertical light to pass through to the eyes. There are many methods to make polarizing lenses, including injection molding, casting, vacuum forming and injection molding. Polaroid Eyewear also employs a press-polishing forming technique. Because they are thicker in the middle and taper towards edges, the resultant lenses are perfectly optically correct. The Polaroid PTX4000 lenses are compliant with international standards, including the European EN1836 and Chinese GB10810. They also meet American ANSI Z80.3, Australian AS/NZS1067, and European EN1836. Polarized lenses are not recommended for use in aviation environments as they can decrease the visibility of anti-glare filters.

Even though polarized sunglasses are expensive, end users are becoming more aware of the importance to protect their eyes. Market revenue will be significantly impacted by the growing trend towards polarization in high-end segments. This segment represented approximately 20% of the market in 2012, and is expected to grow significantly in the future with an estimated CAGR 4.6% between 2013 and 2020.

Lens Material Insights

Lens materials include CR-39, allyl diglycolcarbonate (ADC), polycarbonate and polyurethane. High quality lenses that are resistant to cracking or breaking upon impact have become a popular choice for consumers. CR-39 was the most popular material used in 2012 due to its durability and cost-effectiveness. This material accounted for 40% of the total market share in 2012. Although polycarbonate lenses are light and resistant to impact, they also have a high level of optical clarity.

Market share of Plano sunglasses by lens material, 2012

Glass has the best optical clarity but it only accounted for a small portion of the market. It is also expected to grow at a CAGR 2.4% during the forecast period, which is lower than the global average. Glass lenses offer the best optical clarity and scratch resistance but are more costly and less impact-resistant.

Tinted sunglass lenses reduce the brightness. Color neutral tints include gray, brown, and green. Gray lenses are often recommended for color recognition. Other tints include yellow/amber and rose. Mirrored refers to a reflective coating applied to the lens' outer surface. Metal, nylon, and zyl are the most common frame materials in plano sunglass manufacturing.

Regional Insights

North America and Europe represented more than 60% of the market in 2012. This was due to a higher level of affordability for consumers as well as presence of key industry players. Asia Pacific will be the fastest-growing market over the next few years with an expected CAGR of 10.1% between 2013 and 2020. The largest contributor to global market revenues is Europe. This is due to the high selling price of plano sunglasses, and preference for premium sunglasses in Italy and Spain. Companies operating in this market are affected by the presence of a significant unorganized sector, especially in India and China. The industry players also suffer from the negative impact of selling knockoff plano sunglasses.

Competitive Insights

In order to consolidate market share, the industry is characterised by mergers and acquisitions of key players. End users are becoming more brand-conscious, so companies have been trying to grow their brand portfolio to increase their profitability. Luxottica Group S.p.A., based in Italy, was the biggest market player in 2012. It has acquired a large number licensed and proprietary brands through strategic initiatives. Major brands include Ray-Ban, Oakley, Persol, Vogue Eyewear, etc. The company follows a vertically integrated structure of design-production-distribution. The company has direct control over its production platform, which has enabled innovation and optimized costs. Direct distribution has also helped it better understand the needs of end users. Safilo Group S.p.A. is the owner of Polaroid sunglasses, a major brand in the polarized sunglasses market. Marcolin Eyewear and Marchon Eyewear, Charmant Group and De Rigo S.p.A. are just a few of the other key players in this market.

Up Market Research published a new report titled “Plano Sunglasses (Polarized, Non-Polarized ) Market research report which is segmented by Material (Polycarbonate, CR-39, Polyurethane), By Players/Companies Marchon Eyewear, Charmant Group, De Rigo SpA among others , Marcolin Eyewear”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Plano Sunglasses (Polarized, Non-Polarized ) Market Report Segments:

The market is segmented by Material (Polycarbonate, CR-39, Polyurethane).

Plano Sunglasses (Polarized, Non-Polarized ) Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Plano Sunglasses (Polarized, Non-Polarized ) Market

Overview of the regional outlook of the Plano Sunglasses (Polarized, Non-Polarized ) Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Plano Sunglasses (Polarized, Non-Polarized ) Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Plano Sunglasses (Polarized, Non-Polarized ) Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Polycarbonate

                2. CR-39

                3. Polyurethane

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Plano Sunglasses (Polarized, Non-Polarized ) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Plano Sunglasses (Polarized, Non-Polarized ) Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.