The global optical lens edgers market is expected to witness steady progress due to the growing incidence of ophthalmologic conditions and the increasing geriatric population. Lens edging is performed as a part of the lens finishing process, following lens measuring, determining optical center locations, and determining other lens features.
The growing concern for delivering precision ophthalmologic products is one of the major factors driving the growth of the global optical lens edger industry. The growing prevalence of eye disorders and other problems will also augment the demand for lens edgers. Furthermore, as the global geriatric population increases, the incidence of ophthalmic conditions will also correspondingly grow, thereby leading to significant demand for eyeglasses from this group. Consumerism has also led to a growing uptake of cameras and camera lenses.
Market Synopsis
Semi-automatic lens edgers will have the highest revenue share.
The global optical lens edgers market is classified into manual, semi-automatic, and automatic devices. The semi-automatic lens edgers segment has the dominant revenue share in the global market. These solutions are more efficient than manual edgers and more affordable than their automatic counterparts.
Such convenience and affordability make semi-automatic devices more sought-after in stand-alone eyeglass shops, which form the largest user base for lens edgers. These devices also offer better precision than manual edgers. However, improving the pricing scenario will lead to a growing demand for automatic lens edger devices.
Eyeglasses continue to dominate the global market and drive the market's growth.
Optical lens edgers find their highest application in the manufacture and processing of eyeglasses. In terms of volume, eyeglasses are the most common ophthalmic product used worldwide and are also the first line of solutions used for treating vision disorders. Eyeglasses and specialty sunglasses are also popular among all age groups and thus have a wide range of applications.
Furthermore, because the imaging industry is thriving on both consumer and industrial scales, the camera lens segment is expected to grow rapidly during the forecast period. The usage of digital cameras is increasing among professionals and enthusiasts, along with the growing impact of image capture and sharing across several areas. This ecosystem is therefore anticipated to drive market growth.
Asia Pacific will witness rapid growth with increasing procedure rates.
North America accounts for the largest revenue share in the lens edgers market; however, the region will witness slow market growth during the forecast period due to market saturation, where the Asia-Pacific market will be progressing at a better growth rate, surpassing the global benchmark.
China and Japan will be the most prominent markets to watch, while India will also be witnessing swift growth in the adoption of novel devices. The demand for lens edgers in Asia Pacific is mainly driven by competitive prices of locally manufactured products and a significantly large consumer base. The GCC and Brazil will be the most important markets in the Middle East, Africa, and Latin America.
Periods of History and Forecast
This research report presents the analysis of each considered segment for the period from 2016 to 2026, using 2017as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.Report Scope by Segments
The optical lens edgers market report provides a quantitative assessment of the industry in terms of current and forecasted market size while also presenting the market dynamics. This market is segmented based on types, applications, and geography.
This report also includes a company profiles section that gives insights into 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., U.S. 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 are answered in this report.
What is the current and projected market size of the ophthalmic lens edgers industry from 2016 to 2026?
Which are the key factors that are facilitating the global market's growth?
What are the major market pain points and opportunities that market participants must be aware of?
What are the key reasons that support the high demand for ophthalmic lens edgers in the eyeglasses segment?
Why is the demand for automatic devices rising worldwide?
What are the major factors determining the maturity and sluggish growth of the North American and European markets?
Frequently Asked Question:
The market for Optical Lens Edgers Market is expected to reach USD$ XX in 2026.
The Optical Lens Edgers Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2018 -2026.
The base year of this report is 2017.
Luneau Technology Operations SAS, Essilor International S.A., U.S. Ophthalmic, Huvitz Co., Ltd., Shanghai Yanke Instruments Co., Ltd., Dia Optical Co., Fuji Gankyo Kikai Mfg Co. are some of the major players in the global market.
