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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Key Buyers Chapter

The Glasses and Contact Lens Manufacturing industry exhibits a medium level of concentration. IBISWorld estimates that the industry's four largest players generate a combined 56.0% of industry revenue. Market share concentration has increased over the past five years from 47.1% in 2009 as firms acquired smaller European and American companies for their lucrative product design patents. Small companies with promising intellectual property make attractive acquisition targets for large firms that wish to leverage significant distribution networks and R&D budgets to release innovative products. Another factor that contributes to this industry's level of concentration is the high level of capital investments that are required to enter the industry... 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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