Glass Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Glass Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A1433
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Market Overview:

The global glass lens market reached a value of US$ 43.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 54.6 Billion by 2027, exhibiting a CAGR of 3.91% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Glass lenses are molded pieces of glass that are widely worn with spectacles to rectify vision impairments. These lenses adjust the amount of light that enters the eye and are available in various forms depending upon the degree of defect in the eye and requirement of the consumer. They also offer protection to the eyes from environmental pollutants such as debris, wind and UV rays. The consumers also have the option of adding different kinds of coatings on the lens such as anti-reflective, blue-light reduction, scratch-resistant and UV protection, that assists them in customizing it to a greater extent. Besides this, glass lenses are preferred by users of all age groups as they require significantly less maintenance and reduce the risk of infections, in comparison to other vision correcting alternatives.

Growing geriatric population is one of the key factors driving market growth. The life expectancy has experienced an increase across the globe owing to the development of advanced healthcare facilities, including improved medicines and a shift from acute to chronic diseases. This has led to the frequent occurrence of vision loss, which is one of the most common ophthalmological concerns among the elderly, along with other eye-related ailments such as diabetic retinopathy, glaucoma, cataract and macular degeneration. Moreover, increasing digital literacy with the growing trend of digitalization is also contributing significantly to the market growth. Digital literacy refers to an individual’s ability to comprehend and analyze information and related attributes on digital platforms. With the concept of digitalization seeping through every aspect of an individual’s daily life, there is a continual interaction taking place with digital devices such as laptops and mobile phones. Consequently, the occurrence of visual dysfunctions, such as myopia, hyperopia and presbyopia, at an early age has become common. This has also led to the prolific growth of the e-commerce eyewear industry as manufacturers are launching innovative eyewear products with a wide variety of glass lenses and benefits such as fast delivery, virtual try-on and competitive prices. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global glass lens market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, coating and distribution channel.

Breakup by Product Type:

  • Single Vision Lenses
  • Progressive Lenses 
  • Bifocal and Trifocal Lenses 
  • Photochromic Lenses 
  • Polarized Lenses 
  • Others
     

Breakup by Coating:

  • Anti-Reflective
  • Blue Light Reduction
  • Scratch-Resistant
  • UV Protection
     

Breakup by Distribution Channel:

  • Offline
  • Online
     

 Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Essilor International S.A., Hoya Corporation, Eastman Kodak Company, Carl Zeiss Inc., Fielmann AG, Nikon Corporation, Seiko Holdings Corporation, Luxottica Group S.p.A., Shanghai Conant Optics Company, JiangSu HongChen Optical Company, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Coating, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Essilor International S.A., Hoya Corporation, Eastman Kodak Company, Carl Zeiss Inc., Fielmann AG, Nikon Corporation, Seiko Holdings Corporation, Luxottica Group S.p.A., Shanghai Conant Optics Company, JiangSu HongChen Optical Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global glass lens market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global glass lens industry?
  • What has been the impact of COVID-19 on the global glass lens industry?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the coating?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the global glass lens industry?
  • What are the key driving factors and challenges in the global glass lens industry?
  • What is the structure of the global glass lens industry and who are the key players?
  • What is the degree of competition in the global glass lens industry?
  • What are the profit margins in the glass lens industry?

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Glass Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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