Market Overview:
The global progressive lenses market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of vision problems, rising awareness about the benefits of using progressive lenses, and technological advancements in the field of ophthalmology. By type, plastic progressive lenses are expected to dominate the global market during the forecast period owing to their low cost and high durability. By application, online retail is projected to be the fastest-growing segment during the forecast period as consumers are increasingly shifting towards buying products online. North America is estimated to account for a major share ofthe global progressive lenses market in 2018 followed by Europe and Asia Pacific.
Product Definition:
Progressive lenses are eyeglasses that correct both nearsightedness and farsightedness. They work by bending the light as it comes into your eyes. This allows you to see clearly both close up and far away. Progressive lenses are important because they allow people with vision problems to have clear vision at all distances.
Plastic:
Plastic is a synthetic material that can be categorized as a non-metallic, crystalline solid. It has properties such as malleability, flexibility, and toughness which make it suitable for manufacturing lenses. The most commonly used types of plastic in progressive lenses are polycarbonate (PC), nylon 66 (Nylon 6), polyethylene terephthalate (PET) and high impact polystyrene (PS).
Polycarbonate:
Polycarbonate is a thermoplastic polymer with high heat and chemical resistance. It offers superior properties such as impact strength, scratch resistance, and dimensional stability at elevated temperatures. Polycarbonate lenses are lightweight; however, they offer the highest optical clarity of any plastic lens material. They also have excellent UV protection properties which makes them ideal for extended outdoor use in sports activities or military work environments where eye protection against strong sunlight is required.
Application Insights:
Offline retail accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. Offline retailers use progressive lenses to offer their customers a personalized experience by enhancing their visual appeal. Online retailers are increasingly using these lenses to provide an enhanced shopping experience by enhancing customer focus on product features, specifications and benefits. The growing preference for online shopping owing to various advantages including ease of access, convenience and flexibility has created a positive impact on industry growth.
The other application segment includes cinema, fashion shows & photoshoots, beauty & make-up applications as well as events such as music concerts or sports games where augmented reality Progressive Lenses can create a more realistic experience for users by providing real-time feedbacks during live streaming or recording videos/pictures with their smartphones.
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 for online as well as offline shopping.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period, owing to rising disposable income levels and growing population in countries such as China, India, Indonesia, Vietnam and Thailand. Increasing investments by companies in these developing nations are also anticipated to contribute towards growth over next eight years. Moreover, governments are encouraging foreign direct investment (FDI) through various policies such as “Belt & Road†initiative which will open new markets for progressive lenses manufacturers/suppliers across Asia Pacific region enabling them expand their business operations within this region thereby driving regional market growth during forecast period from 2018 To 2030 (in terms of value).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for vision correction devices, such as progressive lenses, over the next few years.
- Rising prevalence of eye diseases: The prevalence of various eye diseases is increasing globally due to changing lifestyles and growing environmental pollution levels. This is leading to an increased demand for vision correction devices, such as progressive lenses.
- Technological advancements: Progressive lens manufacturers are constantly innovating their products with new technologies that offer better visual quality and comfort for wearers. Such technological advancements are likely to spur growth in the global progressive lenses market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Progressive Lenses Market Research Report
By Type
Plastic, Polycarbonate
By Application
Online Retail, Offline Retail
By Companies
Essilor, ZEISS, HOYA, Rodenstock, Nikon, SHAMIR, VISION-EASE LENS, Conant, Wanxin, SEIKO
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Progressive Lenses Market Report Segments:
The global Progressive Lenses market is segmented on the basis of:
Types
Plastic, Polycarbonate
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
Online Retail, Offline Retail
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
- ZEISS
- HOYA
- Rodenstock
- Nikon
- SHAMIR
- VISION-EASE LENS
- Conant
- Wanxin
- SEIKO
Highlights of The Progressive Lenses 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:
- Plastic
- Polycarbonate
- By Application:
- Online Retail
- Offline Retail
- 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 Progressive Lenses 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Progressive lenses are a type of eyeglasses that gradually change the power of your lens to help you see better. They're most commonly used for people who have difficulty seeing in bright light or at distances.
Some of the major players in the progressive lenses market are Essilor, ZEISS, HOYA, Rodenstock, Nikon, SHAMIR, VISION-EASE LENS, Conant, Wanxin, SEIKO.
The progressive lenses market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Progressive Lenses 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 Progressive Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Progressive Lenses 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 Progressive Lenses 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 Progressive Lenses Market Size & Forecast, 2020-2028
4.5.1 Progressive Lenses Market Size and Y-o-Y Growth
4.5.2 Progressive Lenses 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 Plastic
5.2.2 Polycarbonate
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 Online Retail
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Progressive Lenses 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 Progressive Lenses 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 Plastic
9.6.2 Polycarbonate
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 Online Retail
9.10.2 Offline Retail
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 Plastic
10.6.2 Polycarbonate
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 Online Retail
10.10.2 Offline Retail
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 Plastic
11.6.2 Polycarbonate
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 Online Retail
11.10.2 Offline Retail
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 Plastic
12.6.2 Polycarbonate
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 Online Retail
12.10.2 Offline Retail
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 Plastic
13.6.2 Polycarbonate
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 Online Retail
13.10.2 Offline Retail
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 Progressive Lenses Market: Competitive Dashboard
14.2 Global Progressive Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Essilor
14.3.2 ZEISS
14.3.3 HOYA
14.3.4 Rodenstock
14.3.5 Nikon
14.3.6 SHAMIR
14.3.7 VISION-EASE LENS
14.3.8 Conant
14.3.9 Wanxin
14.3.10 SEIKO
