Glass lens market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Feb. 10, 2023 /PRNewswire/ -- According to Technavio, the global glass lens market size is estimated to grow by USD 8175.42 million from 2022 to 2027. The market is estimated to grow at a CAGR of 3.43% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 42%. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 42,924.41 million. For more Insights on market size Request a sample report

Glass lens market - Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Glass lens market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Glass lens market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on type (single glass vision lenses, progressive glass lenses, and bifocal glass lenses), distribution channel (offline and online), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 

• The market growth will be significant in the single glass vision lenses segment during the forecast period. The growth of the segment is driven by factors such as increasing cases of myopia among teens due to rising digitalization in education, overuse of consumer electronics and other activities, and increased focus on personal appearance.

Geography Overview
By geography, the global glass lens market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global glass lens market.

• North America will account for 42% of the global market growth during the forecast period. The region has the presence of a well-established healthcare system that offers high-quality vision care services. In addition, rising investments in the healthcare sector and increasing incidences of diabetes and eye disorders such as cataracts, glaucoma, and macular degeneration are driving the growth of the regional market.

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Report

Glass lens market – Market Dynamics

Key factor driving market growth

• The market is driven by the increasing demand for eyeglasses.
• Changes in lifestyles have increased exposure to digital displays such as computers, smartphones, and tablets, as well as unhealthy eating habits.
• Hence, there is a gradual increase in the number of eye complications such as conjunctivitis, myopia, astigmatism, macular edema, hyperopia, retinal tears, and optic neuritis.
• In addition, shifting consumer preference for fashionable glass lenses coupled with the improving standard of living are increasing the demand for glass lenses, thereby driving the growth of the market.

Leading trends influencing the market 

• The increased availability of products through online distribution channels is identified as the key trend in the market.
• The rapid adoption of the internet has increased the number of online customers worldwide.
• To tap the growth potential, market players are expanding their presence online through targeted marketing and effective online education.
• The sales of products through various online channels and e-commerce platforms are beneficial for both sellers and customers.
• Online distribution channels are helping sellers to increase their revenue. Customers can select suitable products and compare products by product types, brands, prices, and points of sale.
• The increased availability of glass lenses online will have a positive impact on the market during the forecast period.

Major challenges hindering market growth

• Limitations of glass lenses and their production challenges will hinder market growth.
• Glass lenses offer several advantages. However, certain limitations are restricting their adoption among end-users. One such limitation is physical discomfort.
• Some frames exert constant pressure on the nose and behind the ears, leading to headaches and general discomfort.
• Besides, glass lens manufacturers face inherent challenges with respect to the raw materials and chemicals used to manufacture lenses.
• Most products are subjected to performance and durability tests that are similar to the tests for medical devices. Though glass lenses are exempted from various regulations, some FDA regulations apply to them.
• Many such challenges are reducing the growth potential in the market.

Driver, trend, and challenges are the factor of market dynamics that state about
consequences & sustainability of the businesses, find some insights from a sample
report.

What are the key data covered in this glass lens market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the glass lens market between 2023 and 2027
• Precise estimation of the size of the glass lens market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the glass lens market industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of glass lens market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global glass lens market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global glass lens market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Single glass vision lenses - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Single glass vision lenses - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Single glass vision lenses - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Single glass vision lenses - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Single glass vision lenses - Year-over-year growth 2022-2027 (%)

• 6.4 Progressive glass lenses - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Progressive glass lenses - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Progressive glass lenses - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Progressive glass lenses - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Progressive glass lenses - Year-over-year growth 2022-2027 (%)

• 6.5 Bifocal glass lenses - Market size and forecast 2022-2027
• Exhibit 42: Chart on Bifocal glass lenses - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Bifocal glass lenses - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Bifocal glass lenses - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Bifocal glass lenses - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 47: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 49: Chart on Comparison by Distribution Channel
• Exhibit 50: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 51: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 55: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 59: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Carl Zeiss AG 
• Exhibit 112: Carl Zeiss AG - Overview
• Exhibit 113: Carl Zeiss AG - Product / Service
• Exhibit 114: Carl Zeiss AG - Key offerings

• 12.4 Corning Inc. 
• Exhibit 115: Corning Inc. - Overview
• Exhibit 116: Corning Inc. - Business segments
• Exhibit 117: Corning Inc. - Key news
• Exhibit 118: Corning Inc. - Key offerings
• Exhibit 119: Corning Inc. - Segment focus

• 12.5 Eastman Kodak Co 
• Exhibit 120: Eastman Kodak Co - Overview
• Exhibit 121: Eastman Kodak Co - Business segments
• Exhibit 122: Eastman Kodak Co - Key news
• Exhibit 123: Eastman Kodak Co - Key offerings
• Exhibit 124: Eastman Kodak Co - Segment focus

• 12.6 EssilorLuxottica SA 
• Exhibit 125: EssilorLuxottica SA - Overview
• Exhibit 126: EssilorLuxottica SA - Business segments
• Exhibit 127: EssilorLuxottica SA - Key offerings
• Exhibit 128: EssilorLuxottica SA - Segment focus

• 12.7 Fielmann AG 
• Exhibit 129: Fielmann AG - Overview
• Exhibit 130: Fielmann AG - Business segments
• Exhibit 131: Fielmann AG - Key news
• Exhibit 132: Fielmann AG - Key offerings
• Exhibit 133: Fielmann AG - Segment focus

• 12.8 Guild Optical Associates Inc. 
• Exhibit 134: Guild Optical Associates Inc. - Overview
• Exhibit 135: Guild Optical Associates Inc. - Product / Service
• Exhibit 136: Guild Optical Associates Inc. - Key offerings

• 12.9 HOYA Corp. 
• Exhibit 137: HOYA Corp. - Overview
• Exhibit 138: HOYA Corp. - Business segments
• Exhibit 139: HOYA Corp. - Key offerings
• Exhibit 140: HOYA Corp. - Segment focus

• 12.10 Jiangsu Hongchen Optical Co. Ltd. 
• Exhibit 141: Jiangsu Hongchen Optical Co. Ltd. - Overview
• Exhibit 142: Jiangsu Hongchen Optical Co. Ltd. - Product / Service
• Exhibit 143: Jiangsu Hongchen Optical Co. Ltd. - Key offerings

• 12.11 Leica Camera AG 
• Exhibit 144: Leica Camera AG - Overview
• Exhibit 145: Leica Camera AG - Product / Service
• Exhibit 146: Leica Camera AG - Key offerings

• 12.12 Lensel Optics Pvt Ltd. 
• Exhibit 147: Lensel Optics Pvt Ltd. - Overview
• Exhibit 148: Lensel Optics Pvt Ltd. - Product / Service
• Exhibit 149: Lensel Optics Pvt Ltd. - Key offerings

• 12.13 Nikon Corp. 
• Exhibit 150: Nikon Corp. - Overview
• Exhibit 151: Nikon Corp. - Business segments
• Exhibit 152: Nikon Corp. - Key news
• Exhibit 153: Nikon Corp. - Key offerings
• Exhibit 154: Nikon Corp. - Segment focus

• 12.14 Rodenstock GmBH 
• Exhibit 155: Rodenstock GmBH - Overview
• Exhibit 156: Rodenstock GmBH - Product / Service
• Exhibit 157: Rodenstock GmBH - Key offerings

• 12.15 Seiko Holdings Corp. 
• Exhibit 158: Seiko Holdings Corp. - Overview
• Exhibit 159: Seiko Holdings Corp. - Business segments
• Exhibit 160: Seiko Holdings Corp. - Key offerings
• Exhibit 161: Seiko Holdings Corp. - Segment focus

• 12.16 TOKAI OPTICAL Co. Ltd. 
• Exhibit 162: TOKAI OPTICAL Co. Ltd. - Overview
• Exhibit 163: TOKAI OPTICAL Co. Ltd. - Product / Service
• Exhibit 164: TOKAI OPTICAL Co. Ltd. - Key offerings

• 12.17 Vision Rx Lab 
• Exhibit 165: Vision Rx Lab - Overview
• Exhibit 166: Vision Rx Lab - Product / Service
• Exhibit 167: Vision Rx Lab - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

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