Industry Analysis & Industry Trends
The Glasses and Contact Lens Manufacturing industry produces a range of eyeglasses, contacts and sunglasses for consumers in the United States and abroad. Prescription lenses are essential to the visually impaired, insulating this product segment from economic downturns. However, consumers waited for a longer period of time to upgrade their glass frames following the recession, decreasing spending on vision products. In the coming years, the industry is well positioned to capitalize on greater demand for lens products, as the US population ages and the number of people with vision-related health complications increases... purchase to read more
Industry Report - Industry Investment Chapter
The Glasses and Contact Lens Manufacturing industry exhibits a low level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that for every $1.00 spent on labor in the industry, $0.09 will be spent on capital in 2016. This figure represents a slight decrease from $0.12 in 2011. Capital expenditure in this industry is required to manufacture highly technical and often custom-made ophthalmic goods. Over the past five years, manufacturers have expanded their contact lens product lines, which has required investment in new machinery and equipment.
While capital investments have increased in recent years, depreciation's share of revenue has remained the same over the past five years... purchase to read more