Glasses & Contact Lens Manufacturing in Canada
Over the past five years, the Glasses and Contact Lens Manufacturing industry has contended with changes in the optical retailing landscape. As optical retailers have consolidated, evidenced by more chain retailers dispensing eyewear and acquiring independently operated retailers, this trend has dampened manufacturers' ability to negotiate favourable supply-side contracts with these retailers. Over the five years to 2022, industry revenue is forecast to grow, driven by rising demand for optical products from the burgeoning elderly population. Moreover, profit is expected to rise, thanks to more vertically integrated manufacturing companies entering the market.
This industry manufactures ophthalmic goods, including eyeglass frames, lenses and contact lenses. The industry also produces sunglasses and goggles.
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.