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