Industry Analysis & Industry Trends
In general, the Glasses & Contact Lens Manufacturing industry benefits from the nondiscretionary nature of glasses or contacts among the visually impaired. The aging population also supports the industry, because the need for corrective lenses increases with age. Despite these advantages, industry revenue moderately declined over the past five years, driven by suppressed discretionary income. 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, $0.11 will be spent on capital in 2014. This figure represents a slight increase from $0.10 in 2009. 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