Global Market Insights, Inc. adds a new Global Plano Sunglasses Market Research Report for forecast period that shows the growth of the market is rising at a steady CAGR from 2017 to 2024.
Plano sunglasses Market size is anticipated to surpass USD 29 billion by 2024. Prevailing economic conditions, population growth along with increasing disposable income will drive plano sunglasses industry size. Modern lifestyle with rising brand consciousness will propel the market growth. Customer loyalty towards their preferred brands, regardless of convenience or price will also enhance the industry volume.
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The primary cause for the overwhelming popularity of the plano sunglasses in the North American nations is the rising number of people who wear contact lenses. According to some reliable estimates, more than 30 million residents of the United States wear contact lenses. In this regard, it is quite imperative to mention that plano sunglasses are the most preferred products used by people wearing contact lenses to safeguard their eyes from windblown debris and drying out when outdoors.
Owing to rapidly increasing consumer awareness about the adverse effects of UV radiation, the growth prospects of North America plano sunglasses market share has been progressing at a commendable pace in the past few years. In fact, as per a research report compiled by Global Market Insights, Inc., the overall North America plano sunglasses industry registered a total sales figure of more than 95 million units in the year 2016.
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The easy availability of high-end brands along with drastic changes being observed in the recent fashion trends has propelled the Europe plano sunglasses industry in the past few years. In this regard, it would be prudent to mention that the demand for customized and premium colored sunglasses has witnessed a drastic increase as these are increasingly being preferred by most customers in the recent times. Moreover, the e-commerce sector in the region has been progressing at an exceptional pace, registering online sales of goods and services equaling USD 592.93 billion in 2016, as per trusted sources.
Considering these humongous statistics of the recent years, it is quite a given that the growth of e-commerce sector would invariably benefit the companies partaking in the Europe plano sunglasses industry which is estimated to exceed a remuneration scale of USD 11 billion by the end of 2024. Of late, the major countries to have contributed immensely to the Europe plano sunglasses market include Germany and the United Kingdom.
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With respect to the nations currently dominating the APAC plano sunglasses market, the emerging economies such as India and China accounted for more than 20 percent of the total revenue share of the industry in the year 2016. A gradual increase in disposable incomes and the prevailing economic conditions in the developing countries of the region would favorably impact the growth prospects of APAC plano sunglasses market in the upcoming years.
Driven by the increasing awareness among the masses regarding eye protection and the rising technological intervention in the global eyewear industry, the commercialization aspect of the plano sunglasses market appears highly promising. The overall plano sunglasses market is quite consolidated with the global industry being led by major eyewear manufacturers such as Vogue Eyewear, Silhouette International, FGX International, Modo Eyewear, Kenmark, De Rigo Rem, Safilo Group, Marcolin Eyewear, and Luxottica Group.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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