Plano Sunglasses Market cover

Plano Sunglasses Market by Materials (Polyurethane, CR-39, Polycarbonate, and Others), Products (Non-polarized and Polarized), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-3528
  • Author: Growth Market Reports
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  • No. Of Pages: 193
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The global plano sunglasses market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing demand of fashionable products from consumers across the globe.

Plano Sunglasses Market summary

Plano sunglasses are defined as sunglasses, which are not used for vision correction and thus that are fitted with non-prescription lenses. According to scientific studies and the American Optometric Association, that prolonged exposure of the eyes to ultraviolet rays and solar radiation increases the threat of macular degeneration, makes eyes prone for damage to retina, and high risk of developing a cataract, which can be fought by the use of sunglasses with high eye protection factor. So, the plano sunglasses are mainly used by users for protecting the eyes against harmful UV rays. Along with these, the plano sunglasses are also offering benefits to its use for aesthetic purposes, shield the eyes from windblown debris, and help to keep contact lenses from drying out when outdoors.

The COVID-19 pandemic outbreak had negative impact on the market. During the pandemic, the emergency lockdown imposed by government bodies across the globe to reduce the spread of virus resulted a downfall in sales of sunglasses. Additionally, halt in sports activity or any outdoor activity due to social distancing norms and travel ban imposed by government hampered the demand of plano sunglasses. The market is expected to quickly recover, since lockdown is lifted by government in many regions as COVID-19 instances have gradually reduced around the world.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing awareness among global population regarding the importance of protecting eyes from UV rays is one of the key factors driving the market growth.
  • Rising purchasing power among end-users is projected to boost the market during the forecast period.
  • Increasing number of spectacles wearing population due to vision deficiencies acts as a major challenge that can restrict the market growth in the coming years.
  • Surging use of prescription sunglasses for the dual purpose of vision correction and protection of eyes is expected to hamper the market growth during the projected timeline.
  • Changing lifestyle and demand for fashionable sunglasses especially in developing countries is anticipated to create significant growth opportunities for the market.

Scope of the Report

The report on the global plano sunglasses market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Plano Sunglasses Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Materials (Polyurethane, CR-39, Polycarbonate, and Others) and Products (Non-polarized and Polarized)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Ray-Ban; Persol; Safilo Group S.p.A.; Marchon Eyewear, Inc.; De Rigo S.p.A.; Luxottica Group S.p.A.; Oakley, Inc.; Vogue Eyewear; Marcolin Eyewear; and Charmant USA Inc.

Market Segment Insights

CR-39 segment to register a high CAGR

On the basis of materials, the global plano sunglasses market is segregated into polyurethane, CR-39, polycarbonate, and others. The CR-39 segment is projected to register at high CAGR in the projected timeline attributed to its lower cost and durability. Furthermore, the CR-39 material is light weight, provides better resistance to heat, and improves protection of eyes from UV rays, which is driving the segment growth further. However, the polyurethane segment is anticipated to register a substantial CAGR during the forecast period owing to the sunglasses of this materials offers more aesthetic look, high impact resistance, and suitability in harsh weather conditions.

Enhanced protection drives the polarized segment

Based on products, the market is bifurcated into non-polarized and polarized. The polarized segment is expected to grow at a rapid pace during the forecast period due to its benefit in improving visual acuity and enhancing vision. Additionally, the segment growth is further accelerated as the polarized lenses are taper towards edge and thick in center, which is optically correct lenses and provides enhanced protection to eyes. On the other hand, the non-polarized segment is anticipated to expand at a substantial CAGR in the coming years attributed to the less cost than polarized sunglasses, superior optical properties, and reduction in amount of visible light entering in eyes. 

Plano Sunglasses Market product

North America to constitute a key market share

In terms of region, the global plano sunglasses market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the presence of key global market players coupled with higher affordability rate among consumers and increasing preference to plano sunglasses by population in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the improved standard of living, increased safety awareness among consumers, and rising consumer base for plano sunglasses in the region.

Plano Sunglasses Market region

Segments

Segments Covered in the Report

The global plano sunglasses market has been segmented on the basis of

Materials

  • Polyurethane
  • CR-39
  • Polycarbonate
  • Others

Products

  • Non-polarized
  • Polarized

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Ray-Ban
  • Persol
  • Safilo Group S.p.A.
  • Marchon Eyewear, Inc.
  • De Rigo S.p.A.
  • Luxottica Group S.p.A.
  • Oakley, Inc.
  • Vogue Eyewear
  • Marcolin Eyewear
  • Charmant USA Inc.

Competitive Landscape

Key players competing in the global plano sunglasses market are Ray-Ban; Persol; Safilo Group S.p.A.; Marchon Eyewear, Inc.; De Rigo S.p.A.; Luxottica Group S.p.A.; Oakley, Inc.; Vogue Eyewear; Marcolin Eyewear; and Charmant USA Inc.  Companies are focusing on investments in R&D sector for advancements in plano sunglasses to fulfil the demand from the market and maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Plano Sunglasses Market keyplayers

For instance, in May 2019, Xiaomi introduced a range of Polarized Sunglasses from Xiaomi Mi on its online platform. The newly launched sunglasses provides six layered lens technology for the elimination of harmful UV rays, glare, and polarized light. 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. plano sunglasses Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. plano sunglasses Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. plano sunglasses Market - Supply Chain
  4.5. Global plano sunglasses Market Forecast
     4.5.1. plano sunglasses Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. plano sunglasses Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. plano sunglasses Market Absolute $ Opportunity
5. Global plano sunglasses Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. plano sunglasses Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global plano sunglasses Demand Share Forecast, 2019-2026
6. North America plano sunglasses Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America plano sunglasses Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America plano sunglasses Demand Share Forecast, 2019-2026
7. Latin America plano sunglasses Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America plano sunglasses Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America plano sunglasses Demand Share Forecast, 2019-2026
8. Europe plano sunglasses Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe plano sunglasses Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe plano sunglasses Demand Share Forecast, 2019-2026
9. Asia Pacific plano sunglasses Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific plano sunglasses Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific plano sunglasses Demand Share Forecast, 2019-2026
10. Middle East & Africa plano sunglasses Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa plano sunglasses Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa plano sunglasses Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global plano sunglasses Market: Market Share Analysis
  11.2. plano sunglasses Distributors and Customers
  11.3. plano sunglasses Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Ray-Ban
     11.4.2. Persol
     11.4.3. Safilo Group S.p.A.
     11.4.4. Marchon Eyewear, Inc.
     11.4.5. De Rigo S.p.A.
     11.4.6. Luxottica Group S.p.A.
     11.4.7. Oakley, Inc.

Segments Covered in the Report

The global plano sunglasses market has been segmented on the basis of

Materials

  • Polyurethane
  • CR-39
  • Polycarbonate
  • Others

Products

  • Non-polarized
  • Polarized

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Ray-Ban
  • Persol
  • Safilo Group S.p.A.
  • Marchon Eyewear, Inc.
  • De Rigo S.p.A.
  • Luxottica Group S.p.A.
  • Oakley, Inc.
  • Vogue Eyewear
  • Marcolin Eyewear
  • Charmant USA Inc.

Key players competing in the global plano sunglasses market are Ray-Ban; Persol; Safilo Group S.p.A.; Marchon Eyewear, Inc.; De Rigo S.p.A.; Luxottica Group S.p.A.; Oakley, Inc.; Vogue Eyewear; Marcolin Eyewear; and Charmant USA Inc.  Companies are focusing on investments in R&D sector for advancements in plano sunglasses to fulfil the demand from the market and maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Plano Sunglasses Market keyplayers

For instance, in May 2019, Xiaomi introduced a range of Polarized Sunglasses from Xiaomi Mi on its online platform. The newly launched sunglasses provides six layered lens technology for the elimination of harmful UV rays, glare, and polarized light. 

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