Companies in this industry manufacture ophthalmic products including contact lenses, prescription glasses frames and lenses, and sunglasses. Major companies include Bausch + Lomb, Marchon Eyewear, and Signature Eyewear (all based in the US), as well as EssilorLuxottica (France), Fielmann (Germany), and De Rigo, Marcolin, and Safilo (all based in Italy).
Global eyewear sales exceed $132 billion, and the market is expected to see compound annual growth of about 8% through 2025, when it is forecast to reach $265 billion, according to Transparency Market Research. Italy is home to many of the world's top eyewear manufacturers.
The US eyewear manufacturing industry includes about 520 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $6.2 billion.
Demand is driven by demographics, fashion trends, new product lines, and the level of consumers' discretionary income. The profitability of individual companies depends on maximizing operating efficiencies, maintaining a stable of licenses with popular brands, and effective pricing. Large companies have advantages in purchasing power for raw materials and may control many of the distribution outlets. Small companies can compete effectively by offering more specialized and innovative product lines. The US industry is highly concentrated: the 50 largest companies account for more than 90% of industry revenue.
Products, Operations & Technology
Major products include eye glasses frames, prescription lenses, lens coatings, contact lenses, sunglasses, reading glasses, and goggles.
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms