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