Industry Analysis & Industry Trends
A clear outlook
Despite a decrease in revenue caused by the recession, the Photochromic Lens Manufacturing industry maintained strong growth over the past five years. This growth will continue through 2017, propelled by aging baby boomers, economic recovery and an increase in disposable income. As more companies enter the industry, price competition will intensify, putting downward pressure on profit margins.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Photochromic Lens Manufacturing industry has a very high concentration of ownership. IBISWorld estimates the industry's three largest players hold a combined market share of 90.3%. The industry's largest player, Transitions Optical, alone holds a 79.7% market share. The industry is gradually becoming less concentrated. In 2010, the Federal Trade Commission alleged that Transitions violated anti-trust laws, by engaging in unfair methods of competition to maintain a monopoly over the industry. In the same year, Transitions agreed to a Consent Decree, which effectively prohibits the company from practices it previously engaged in to exclude competitors and control prices... purchase to read more