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Photochromic Lens Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Photochromic Lens Manufacturing Market Research Report | Technology | Scientific Systems & Devices | Feb 2012

Seeing clearly: Aging baby boomers will help the industry continue its strong growth

IBISWorld’s Photochromic Lens Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Corning Corning  market share
Transitions Optical Inc. Transitions Optical Inc. market share
Industry Statistics & Market Size
Revenue
$670m
Annual Growth 07-12
1.7%
Annual Growth 12-17
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Profit
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Employment
2,115
Businesses
31
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 Investment Chapter

Capital expenditure in this industry is relatively high and is required to manufacture highly technical lenses that often necessitate a high amount of research and development. Firms spend $0.30 on capital for every $1.00 spent on labor. Higher demand for specialty photochromic lenses have increased the need for specialized manufacturing equipment. Following the Federal Trade Commission's recent investigation of industry leader Transitions Optical (see Regulation and Policy section), IBISWorld expects the industry to become more competitive, which will force players to commit more resources to research and development, decreasing the industry's capital intensity... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Photochromic Lens Manufacturing Industry?

This industry manufactures photochromic lenses, which darken on exposure to ultraviolet (UV) radiation and lighten once they are no longer exposed to UV radiation.

Industry Products
Indoor photochromic lensesOutdoor/tinted photochromic lensesActive and specialty photochromic lenses
 
Industry Activities
Manufacturing plastic photochromic lensesManufacturing glass photochromic lensesResearching and developing new photochromic lenses


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