Seeing clearly: Aging baby boomers will help the industry continue its strong growth
Photochromic Lens Manufacturing
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.
This industry manufactures photochromic lenses, which are commonly referred to as transition lenses. These lenses darken on exposure to ultraviolet (UV) radiation.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.