Glasses & Contact Lens Manufacturing in the US - Industry Market Research Report
Description
Glasses & Contact Lens Manufacturing in the US
While consumers have increased expenditures on glasses and contacts, competitively priced imports have satisfied a growing portion of consumer demand. Even though competition from foreign manufacturers declined temporarily in 2020 amid COVID-19, import penetration continued to expand in 2021. Overall, industry-wide revenue has been increasing at a CAGR of 0.1% over the past five years, including an estimated 1.7% increase in the current year, and is expected to total $7.8 billion in 2023. In the same year, profit is expected to increase to 8.2%.
This industry manufactures ophthalmic goods, including eyeglass frames and lenses and contact lenses. The industry also produces sunglasses and protective eyewear, such as 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.
While consumers have increased expenditures on glasses and contacts, competitively priced imports have satisfied a growing portion of consumer demand. Even though competition from foreign manufacturers declined temporarily in 2020 amid COVID-19, import penetration continued to expand in 2021. Overall, industry-wide revenue has been increasing at a CAGR of 0.1% over the past five years, including an estimated 1.7% increase in the current year, and is expected to total $7.8 billion in 2023. In the same year, profit is expected to increase to 8.2%.
This industry manufactures ophthalmic goods, including eyeglass frames and lenses and contact lenses. The industry also produces sunglasses and protective eyewear, such as 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.
Table of Contents
53 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
