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Glasses & Contact Lens Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Glasses & Contact Lens Manufacturing Market Research Report | NAICS 33911b | May 2014

Clear focus: Companies will invest in R&D and cater to the aging population to spur growth

IBISWorld’s Glasses & Contact Lens Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
-0.7%
Annual Growth 14-19
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Profit
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Employment
22,216
Businesses
428
Industry Analysis & Industry Trends

After a period of growth and decline, the industry will experience stable demand over the next five years. As the US population ages, manufacturers will look to capitalize on heightened demand for lens products. Nevertheless, smaller companies will be hurt by technological advances, being forced to exit the industry or consolidate into larger companies that seek access to their intellectual property... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The industry is in the mature stage of its life cycle. Over the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to the economy, is forecast to increase at an average annual rate of 2.1%. In comparison, GDP is projected to grow 2.7% per year on average during the same period. IVA fluctuated during this period, mirroring fluctuations in the average profit margin. While the industry underperformed the economy over the past five years, consistent M&A activity and investment in new technology and R&D mean the industry's importance to the overall economy will grow.

Uncharacteristic of mature industries, technology continues to drive the introduction of new products to the market... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Glasses & Contact Lens Manufacturing Industry?

This industry manufactures ophthalmic goods, including eyeglass frames and lenses and contact lenses. The industry also produces sunglasses and protective eyewear.

Industry Products
Contact lensesPlastic focal lensesPolycarbonate focal lensesFull-fronts and templesGlass focal lenses
 
Industry Activities
Contact lensEyeglass frame (i.e. fronts and temples)Glass and plastic eyeGoggle (e.g. industrial, safety, sun and underwater)LensLens coatingLens grindingLens mountCorrective vision-type magnifierSunglasses


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