The latest market report published by Credence Research, Inc. “ — Optical Lens Edgers Market - Growth, Future Prospects, Competitive Analysis 2018 - 2026” the global optical lens edgers market was valued at US$ 380.5 Mn in 2017 and expected to reach US$ 673.2 Mn by 2026, expanding at a CAGR of 6.7% from 2018 to 2026.
The global optical lens edgers market is expected to undergo gradual growth during the forecast period from 2018 to 2026, mainly driven by their incumbent status in the eyeglasses and imaging industry. The incidence and prevalence of vision impairment is directly proportional to the use of visual media and the growing population.
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As the overall screen time of the general population is consistently increasing the incidence of visual deformations will also correspondingly grow, thereby augmenting the demand for corrective eyeglasses. Furthermore, a major portion of the vision impeded patient group belongs to the age group of 50 and above. Since vision impedance is directly correlated to aging, the global increase in the geriatric population shall also drive the market growth.
Another prime factor contributing to growing uptake of lens edgers is the booming cameras industry. The cameras industry worldwide is flourishing through the growing use of visual media and image sharing becoming a prime mode of communication. This has led to increased demand for camera and visualization lenses worldwide and hence supporting the market growth of optical lens edgers.
Based on the types, semi-automatic lens edgers are in high demand globally due to greater uptake from stand-alone eyeglass shops and competitive prices along with better efficiency than manual edgers. On the other hand, automatic devices shall be witnessing greater demand in the developed parts of the world. Eyeglass segment shall be the largest area where optical lens edgers shall be widely used; whereas camera lens segment shall be witnessing rapid growth rate. In terms of regional demarcation, North America and Europe shall be reporting sluggish growth with significant progress in terms of device installations is anticipated from Asia Pacific.
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Key Market Movements:
Growing senescent population and increasing incidence of vision related disorders in the global population
High demand for semi-automatic devices due to offered precision at competitive prices
Technical maturity leading to moderate market growth in terms of innovation. This is also leading to growing focus on offering simplicity in machines.
Sustained demand due to booming cameras and smartphones industries
Proliferation of local manufacturers in Asia Pacific and Latin America to pose as a prominent challenge to the multinational players based from North America and Europe
This report also includes company profiles section that gives insights on the company overview, product portfolio, financial information and key developments of major market players. The major players profiled in this report include Nidek Co. Ltd., Luneau Technology Operations SAS, Essilor International S.A., US Ophthalmic, Huvitz Co., Ltd., Shanghai YanKe Instruments Co. Ltd., Dia Optical Co., Fuji Gankyo Kikai Mfg Co. Ltd., Visslo Inc. and Coburn Technologies Inc.
Key questions answered in this report
What is the past and future market size of the ophthalmic lens edgers industry during the period from 2016-2026?
Which are the key factors that are facilitating the global market growth?
Which are the major pain-points and key market opportunities that the market players are required to be aware of?
What are the key reasons that support high demand for ophthalmic lens edgers in the eyeglasses segment?
Why the demand for automatic devices is rising worldwide?
What are the major factors determining the maturity and sluggish growth of North America and Europe markets?
2. Executive Summary
Chapter 3. Global Optical Lens Edgers Market: Dynamics and Future Outlook
Chapter 4. Global Optical Lens Edgers Market, by Type, 2016 - 2026 (US$ Mn)
Chapter 5. Global Optical Lens Edgers Market, by Application, 2016 - 2026 (US$ Mn)
5.2. Eyeglass Lens
5.3. Microscope Lens
5.4. Camera Lens
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Chapter 6. Global Optical Lens Edgers Market, by Geography, 2016 – 2026 (US$ Mn)
6.2. North America Optical Lens Edgers Market, 2016 - 2026 (US$ Mn)
6.2.1. North America Optical Lens Edgers Market, by Type, 2016 - 2026 (US$ Mn)
6.2.2. North America Optical Lens Edgers Market, by Application, 2016 - 2026 (US$ Mn)
6.2.3. North America Optical Lens Edgers Market, by Country, 2016 – 2026 (US$ Mn)
6.3. Europe Optical Lens Edgers Market, 2016 – 2026 (US$ Mn)
6.3.1. Europe Optical Lens Edgers Market, by Type, 2016 - 2026 (US$ Mn)
6.3.2. Europe Optical Lens Edgers Market, by Application, 2016 - 2026 (US$ Mn)
6.3.3. Europe Optical Lens Edgers Market, by Country/Region, 2016 – 2026 (US$ Mn)
188.8.131.52. Rest of Europe
6.4. Asia Pacific Optical Lens Edgers Market, 2016 – 2026 (US$ Mn)
6.4.1. Asia Pacific Optical Lens Edgers Market, by Type, 2016 - 2026 (US$ Mn)
6.4.2. Asia Pacific Optical Lens Edgers Market, by Application, 2016 - 2026 (US$ Mn)
6.4.3. Asia Pacific Optical Lens Edgers Market, by Country/Region, 2016 – 2026 (US$ Mn)
Chapter 7. Company Profiles
7.1. Nidek Co. Ltd.
7.1.1. Company Overview
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Luneau Technology Operations SAS
7.3. Essilor International S.A.
7.4. US Ophthalmic
7.5. Huvitz Co., Ltd.
7.6. Shanghai YanKe Instruments Co. Ltd.
7.7. Dia Optical Co.
7.8. Fuji Gankyo Kikai Mfg Co. Ltd.
7.9. Visslo Inc.
7.10. Coburn Technologies Inc.
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