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 firms will be hurt by technological advances, being forced to exit the industry or consolidate into larger firms that seek access to their intellectual property... purchase to read more
Industry Report - Industry Locations Chapter
The industry is concentrated in the West (19.5% of establishments), Mid-Atlantic (17.4%), Southeast (17.6%) and Great Lakes (18.3%) regions. Glasses and contact lens manufacturers typically locate close to their downstream wholesalers, who in turn operate close to major population hubs. The West, Mid-Atlantic, Southeast and the Great Lakes account for the majority of the US population and are all densely populated. By maintaining close proximity downstream customers, industry establishments can minimize transportation costs and turn inventory quicker, bolstering margins. California has the highest concentration of industry establishments in 2013 with an estimated 12.9%, in line with the state's 12.1% population share... purchase to read more