Market Overview:
The global optical lens edging devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for eyeglasses and contact lenses, and the rising prevalence of eye disorders. In addition, technological advancements in optical lens edging devices are also contributing to the growth of this market. Based on type, the global optical lens edging devices market can be segmented into semi-automatic type and full-automatic type. The full-automatic type segment is expected to grow at a higher CAGR than the semi-automatic type segment during the forecast period from 2018 to 2030. This growth can be attributed to its advantages such as high accuracy and speed, low wastage rates, and reduced labor costs. Based on application, the global optical lens edging devices market can be divided into hospital, eyeglasses store, and other applications such as online stores/websites and manufacturing units/factories.
Product Definition:
Optical lens edging devices are used to provide a precise and consistent edge on optical lenses. This is important because it ensures that the lens will be able to work properly and that there will be no light leakage.
Semi-automatic Type:
Semi-automatic type is also known as semi-active or passive optical lens edge cutting device. It's a tool that automatically cuts the edge of an optical lens with the help of software and a camera. The image captured by the camera is then used to trace and cut the desired shape from the glass using a diamond wheel, which is attached to an air abrasive system.
Full-automatic Type:
Full-automatic type is a machine tool that performs all the steps of machining, starting from holding the work piece and finishing with cleaning. The process does not require any manual intervention during its operation.
The optical lens edging devices market is expected to grow at a significant rate owing to several advantages offered by full-automatic type such as high accuracy, repeatability, and surface finish as well as low manufacturing cost.
Application Insights:
The other application segment includes the use of optical lens edging devices in hospitals, eyeglasses stores and others. The hospital application segment accounted for the largest share in 2017 owing to a high demand for semi-automatic type optical lens edging devices due to its ease of use and low cost. Optical lens edging systems are used at the time of cataract surgery or after cataract removal surgery, when it is necessary to remove residual astigmatism or hyperopia from patient¢â‚¬â„¢s eyes.
The eyeglasses store application segment is expected to witness significant growth over the forecast period owing to an increase in demand for glasses among children and young adults as well as among adult individuals with myopia (near-sightedness) or presbyopia (farsightedness).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of players and high adoption rate for advanced technologies. The region is expected to maintain its dominance over the forecast period due to increasing demand from end-use industries such as HVAC & refrigeration, automotive, and others.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rising disposable income levels in emerging countries such as China and India. Moreover, growing manufacturing sector in these economies will drive product demand further; thus propelling regional growth. Increasing investments by key players for development of new products are also expected positively impact regional growth over next few years. For instance, Nikon Corporation has introduced two new lenses designed especially for cutting machines namely NIKKOR IPC lens (model: EC18N1) and NIKKOR IPD lens (model: EC18N2).
Growth Factors:
- Increasing demand for optical lens edging devices from the eyewear industry as a result of the growing popularity of designer and prescription glasses.
- The increasing demand for high-quality lenses with precise edges is expected to drive the growth of the optical lens edging devices market.
- Growing investments by leading players in research and development activities to develop innovative products is anticipated to boost the growth of this market in the coming years.
- The rising trend of using advanced technologies, such as 3D printing, in eyewear manufacturing is projected to create new opportunities for players operating in this market during the forecast period.
- The increasing adoption of automated optical lens edging devices across various industries is expected to propel market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Lens Edging Devices Market Research Report
By Type
Semi-automatic Type, Full-automatic Type
By Application
Hospital, Eyeglasses Store, Other
By Companies
Essilor, Luneau Technology, Nidek, Huvitz Co ltd, Charops, Canton Optics, MEI, Fuji Gankyo Kikai, Dia Optical, Supore, Visslo, Nanjing Laite Optical, Coburn Technologies, Ningbo FLO Optical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Optical Lens Edging Devices Market Report Segments:
The global Optical Lens Edging Devices market is segmented on the basis of:
Types
Semi-automatic Type, Full-automatic Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Eyeglasses Store, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Essilor
- Luneau Technology
- Nidek
- Huvitz Co ltd
- Charops
- Canton Optics
- MEI
- Fuji Gankyo Kikai
- Dia Optical
- Supore
- Visslo
- Nanjing Laite Optical
- Coburn Technologies
- Ningbo FLO Optical
Highlights of The Optical Lens Edging Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Semi-automatic Type
- Full-automatic Type
- By Application:
- Hospital
- Eyeglasses Store
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Optical Lens Edging Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Optical lens edging devices are used to create a clean edge around the perimeter of an optical lens. This is important for aesthetic reasons, as well as for ensuring that light passes through the center of the lens without being scattered.
Some of the major players in the optical lens edging devices market are Essilor, Luneau Technology, Nidek, Huvitz Co ltd, Charops, Canton Optics, MEI, Fuji Gankyo Kikai, Dia Optical, Supore, Visslo, Nanjing Laite Optical, Coburn Technologies, Ningbo FLO Optical.
The optical lens edging devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Lens Edging Devices Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Optical Lens Edging Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Optical Lens Edging Devices Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Optical Lens Edging Devices Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Optical Lens Edging Devices Market Size & Forecast, 2020-2028 4.5.1 Optical Lens Edging Devices Market Size and Y-o-Y Growth 4.5.2 Optical Lens Edging Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Semi-automatic Type
5.2.2 Full-automatic Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Eyeglasses Store
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Lens Edging Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Optical Lens Edging Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Semi-automatic Type
9.6.2 Full-automatic Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Eyeglasses Store
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Semi-automatic Type
10.6.2 Full-automatic Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Eyeglasses Store
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Semi-automatic Type
11.6.2 Full-automatic Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Eyeglasses Store
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Semi-automatic Type
12.6.2 Full-automatic Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Eyeglasses Store
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Semi-automatic Type
13.6.2 Full-automatic Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Eyeglasses Store
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Optical Lens Edging Devices Market: Competitive Dashboard
14.2 Global Optical Lens Edging Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Essilor
14.3.2 Luneau Technology
14.3.3 Nidek
14.3.4 Huvitz Co ltd
14.3.5 Charops
14.3.6 Canton Optics
14.3.7 MEI
14.3.8 Fuji Gankyo Kikai
14.3.9 Dia Optical
14.3.10 Supore
14.3.11 Visslo
14.3.12 Nanjing Laite Optical
14.3.13 Coburn Technologies
14.3.14 Ningbo FLO Optical