LONDON--(BUSINESS WIRE)--The global glass lens market size is expected to grow by USD 3.59 billion during 2020-2024, progressing at a CAGR of almost 2% during the forecast period.
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The rising elderly population is one of the major factors propelling market growth. Rising life expectancy and advances in healthcare have led to the growth in the elderly population worldwide. The elderly population is more prone to age-related eye diseases such as macular degeneration, glaucoma, cataract, and others. The expanding geriatric population has increased the demand for eye care services and accessories such as glass lenses, thereby driving the market growth. However, factors such as the limitation of glass lens and its production challenges might hamper growth.
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Global Glass Lens Market: Product
Based on the product, the market registered maximum growth in the progressive glass lenses segment in 2019. The segment growth is driven by the increasing use of progressive glass lenses to correct vision impairment problems such as presbyopia. Also, the use of progressive glass lens as an alternative to bifocal and trifocal glass lens is contributing to the growth of the segment. The market growth in the segment will be significant over the forecast period.
Global Glass Lens Market: Geographic Landscape
APAC dominated the market with a 34% share in 2019. The region will continue to offer significant opportunities for vendors over the forecast period. The market growth in APAC is driven by rising prevalence of vision problems among individuals, especially in China and India. Moreover, several global vendors are adopting expansion strategies and opening new manufacturing plants in the region to tap the growth potential. China and India are the key markets for glass lens in APAC.
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Companies Covered
- Carl Zeiss AG
- Corning Inc.
- Eastman Kodak Co.
- EssilorLuxottica SA
- Fielmann AG
- HOYA Group
- Leica Camera AG
- Nikon Corp.
- Rodenstock GmBH
-
Seiko Holdings Corp.
What our reports offer:
- Market share assessment for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Glass Lens Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in glass lens market growth during the next five years
- Estimation of the glass lens market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the glass lens market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of glass lens market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Progressive glass lenses - Market size and forecast 2019-2024
- Single glass vision lenses - Market size and forecast 2019-2024
- Bifocal glass lenses - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Carl Zeiss AG
- Corning Inc.
- Eastman Kodak Co.
- EssilorLuxottica SA
- Fielmann AG
- HOYA Group
- Leica Camera AG
- Nikon Corp.
- Rodenstock GmBH
- Seiko Holdings Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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