According to the latest report by IMARC Group, titled “Glass Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Global Glass Lens Market size expected to exhibit steady growth during 2021-2026. Looking forward, IMARC Group expects the global glass lens market to grow at a CAGR of 3.2% during 2021-2026. Lenses are pieces of glass with curved sides, which are used for concentrating or dispersing rays of light. They are widely used in the manufacturing of spectacles to rectify vision impairments and to protect the eyes from environmental pollutants such as wind, debris, and UV rays. In addition to this, they help to adjust the amount of light that enters the eye and are available in numerous forms, depending on the consumer requirements and the degree of the defect in the eye. Consumers have the option of customizing the spectacles by adding different kinds of coatings on the lens, such as scratch-resistant, anti-reflective, blue-light reduction and UV protection.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Rapid urbanization, in confluence with technological advancements, has increased the exposure of the younger population to smartphones, tablets, laptops and personal computers. This has led to the prevalence of eyesight disorders such as myopia, hyperopia and astigmatism. In line with this, the increasing incidences of Computer Vision Syndrome (CVS), or digital eye strain, especially among the working population, is strengthening the growth of the market. Moreover, the rising geriatric population, coupled with the increasing life expectancy, is impelling the demand for spectacles. Furthermore, the burgeoning e-commerce industry is offering lucrative opportunities to the manufacturers for distributing their products through online channels.
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Insights on Market Segmentation:
Competitive Landscape with Key Player:
- Essilor International S.A. (ESLOF)
- Hoya Corporation (HOCPF)
- Eastman Kodak Company (KODK)
- Carl Zeiss Inc. (CZMWF)
- Fielmann AG (FLMNY)
- Nikon Corporation (NINOY)
- Seiko Holdings Corporation (SEKEF)
- Luxottica Group S.p.A. (LUX)
- Shanghai Conant Optics Company
- Jiangsu HongChen Optical Company.
Market Breakup by Product Type:
- Single Vision Lenses
- Progressive Lenses
- Bifocal and Trifocal Lenses
- Photochromic Lenses
- Polarized Lenses
Market Breakup by Coating:
- Blue Light Reduction
- UV Protection
Market Breakup by Distribution Channel:
Market Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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