Global Plano Sunglasses Market Report and Forecast 2024-2032

Global Plano Sunglasses Market Outlook

The global plano sunglasses market size reached a value of around USD 23.18 billion in 2023. The market is projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of nearly USD 36.34 billion by 2032.

Key Trends in the Plano Sunglasses Market

Plano sunglasses are sunglasses without a diopter, the unit of refraction seen in prescription lenses. They are designed to be used by those who do not require corrective lenses but wish to take advantage of sunglasses' style and protection. Plano sunglasses can be purchased from a variety of retail locations, including online and brick-and-mortar stores, and come in a wide range of lens tints, frame styles, and materials.

• There is a high seasonal demand for plano sunglasses in summer to reduce the penetration of sunlight and protect eyes from harmful ultraviolet rays.

• Plano sunglasses with unique features and advantages like UV protection and scratch-resistant lenses are increasingly preferred among customers.

• There is a growing demand for cost-effective plano sunglasses with diverse colours and designs. Moreover, key players are introducing plano sunglasses with creative designs, which is likely to provide lucrative growth opportunities to the plano sunglasses market demand.

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Opportunities and Challenges in the Market

Innovations in sunglass design, materials, and technology by leading players to appeal to a wider consumer base are likely to aid the market growth of plano sunglasses.

The vast majority of people suffering from vision problems, including myopia and hyperopia, and the extensive usage of prescription glasses can hinder the market.

Market Analysis

Based on type, the market can be bifurcated into polarised and non-polarised. Based on material, it can be segmented into CR-39, polycarbonate, and polyurethane, among others. The major regional markets for plano sunglasses can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global plano sunglasses market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Safilo Group S.p.A.

• Marchon Eyewear, Inc.

• Marcolin S.p.A.

• Luxottica Group S.p.A

• Charmant Group

• Silhouette International

• Zurich International

• Bajio, Inc.

• Jimmy Choo

• Oakley, Inc.

• Others

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Market Share by Type

Plabo sunglasses that have been treated with a specific film that lowers glare from the sun are polarised. People who spend a lot of time outside or who have sensitive eyes prefer these types of sunglasses.

In optical sunglasses, non-polarised refers to the absence of a specific polarising coating on the lenses. As a result, they are not as effective at reducing glare from reflective surfaces as polarised lenses. People who do not require extra protection from sunglasses prefer non-polarised sunglasses.

Plano Sunglasses Market Share by Material

CR-39, also known as allyl diglycol carbonate (ADC), is one of the most widely used materials in plano sunglasses due to its strength and affordability.

Although polycarbonate lenses are lightweight and offer excellent impact protection, they have disadvantages over other materials, such as weaker scratch resistance and decreased optical clarity. This is likely to surge the demand for sunglasses made from polyurethane and CR-39 in the forecast period.

Market Share by Region

North America and Europe are expected to hold a significant share in the plano sunglasses market. This can be attributed to the high selling prices of plano sunglasses and the growing preference for premium sunglasses, especially in the United States, Italy, and Spain.

The Asia Pacific market is expected to show tremendous growth during the forecast period. This can be attributed to the growing sales of plano sunglasses from e-commerce channels. However, a considerable unorganised sector’s presence, especially in countries like China and India, can hinder the plano sunglasses market growth in the Asia Pacific. In contrast, the expansion of distribution channels of plano sunglasses in emerging economies, coupled with rising disposable incomes of the emerging middle class, in the region is anticipated to favour the market in the forecast period.

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Competitive Landscape

Safilo Group S.p.A, established in 1878, is a leading company engaged in the design, production, and marketing of optical frames, sunglasses, sports eyewear, goggles, and helmets. The company places extensive attention on detailing, and it is increasingly investing to modernise its product portfolio and business processes.

Marchon Eyewear, Inc. is a maker and distributor of eyewear and sunglasses which is headquartered in the United States. It specialises in lifestyle, performance, and premium fashion brands, and strives to improve vision of people across the globe. The company offers diverse products, ranging from latest fashion trends to classics, at an affordable price.

Marcolin S.p.A is a global leader in the eyeglasses sector. The company combines its production with cutting-edge technology to offer quality and innovative products. Its manufacturers eyewear for globally recognised brands, including Tom Ford, Guess, Adidas, and Swarovski, among others.

Other market players include Luxottica Group S.p.A, Charmant Group, Silhouette International, Zurich International, Bajio, Inc., Jimmy Choo, and Oakley, Inc, among others.

Key Highlights of the Report