Glass Lens Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR45861
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The glass lens market has the potential to grow by USD 3.49 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 7.09%.

This glass lens market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (single glass vision lenses, progressive glass lenses, and bifocal glass lenses) and geography (North America, APAC, Europe, South America, and MEA). The glass lens market report also offers information on several market vendors, including Carl Zeiss AG, Corning Inc., Eastman Kodak Co., EssilorLuxottica, Fielmann AG, HOYA Corp., Leica Camera AG, Nikon Corp., Rodenstock GmBH, and Seiko Holdings Corp. among others.

What will the Glass Lens Market Size be in 2021?

Glass-Lens-Market-Market-Size-2020-2025

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Glass Lens Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising elderly population is notably driving the glass lens market growth, although factors such as the limitation of glass lenses and their production challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glass lens industry.

This glass lens market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Glass Lens Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Carl Zeiss AG
  • Corning Inc.
  • Eastman Kodak Co.
  • EssilorLuxottica
  • Fielmann AG
  • HOYA Corp.
  • Leica Camera AG
  • Nikon Corp.
  • Rodenstock GmBH
  • Seiko Holdings Corp.

 

The glass lens market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the glass lens market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Glass Lens Market?

Glass-Lens-Market-Market-Share-by-Region-2020-2025

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32% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for glass lenses in APAC. Market growth in this region will be faster than the growth of the market in MEA, North America, and South America.

The presence of a significantly large pool of patients with vision problems in rural areas will facilitate the glass lens market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Glass Lens Market?

Glass-Lens-Market-Market-Share-by-Product-2020-2025

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The glass lens market share growth by the single glass vision lenses segment will be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the glass lens market size.

 

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What are the Key Factors Covered in this Glass Lens Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive glass lens market growth during the next five years
  • Precise estimation of the glass lens market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the glass lens industry across North America, APAC, Europe, South America, and MEA
  • A thorough 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

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Glass Lens Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 7.09%

Market growth 2021-2025

$ 3.49 billion

Market structure

Fragmented

YoY growth (%)

16.91

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 32%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Carl Zeiss AG, Corning Inc., Eastman Kodak Co., EssilorLuxottica, Fielmann AG, HOYA Corp., Leica Camera AG, Nikon Corp., Rodenstock GmBH, and Seiko Holdings Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • 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
    • Single glass vision lenses - Market size and forecast 2020-2025
    • Progressive glass lenses - Market size and forecast 2020-2025
    • Bifocal glass lenses - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Carl Zeiss AG
      • Corning Inc.
      • Eastman Kodak Co.
      • EssilorLuxottica
      • Fielmann AG
      • HOYA Corp.
      • 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

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The glass lens market growth will increase by $3588.19 million during 2019-2024.
      The glass lens market is expected to grow at a CAGR of 1.61% during 2019-2024.
      Technavio has segmented the glass lens market by product (Progressive glass lenses, Single glass vision lenses, and Bifocal glass lenses) and geographic (North America, Europe, APAC, South America, and MEA).
      Carl Zeiss AG, Corning Inc., Eastman Kodak Co., EssilorLuxottica SA, Fielmann AG, HOYA Group, Leica Camera AG, Nikon Corp., Rodenstock GmBH, Seiko Holdings Corp. are a few of the key vendors in the glass lens market.
      APAC will register the highest growth rate of 34.12% among the other regions. Therefore, the glass lens market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the glass lens market growth are:
      • Rising elderly population
      The glass lens market vendors should focus on grabbing business opportunities from the progressive glass lenses segment as it accounted for the largest market share in the base year.
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