July 17, 2020
According to the research report titled ‘Global Eyeglass Lens Grinding Machine Market Size study with COVID-19 impact, by Product Type (Manual Eyeglass Lens Edger, Automatic Eyeglass Lens Edger, Semi-automatic Eyeglass Lens Edger), by Application (Optical Shop, Eye Hospital, Others) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global eyeglass lens grinding machine market is predicted to expand significantly by the year 2026.
For those uninitiated, an eyeglass lens grinding machine is utilized for producing lens which can be adjusted in a spectacle frame in order to provide an aesthetic appeal.
Growing geriatric population along with increased pervasiveness of optical disorders are major factors driving the growth of worldwide eyeglass lens grinding machine industry. In fact, the WHO (World Health Organization) stated that the number of people of in the age group of 65 years & above was 524 million in 2010 and is estimated to reach 1.6 billion by the year 2050, with major proportion of elderly population in emerging economies.
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Rising demand for vision correction solutions among all age groups is further aiding the market expansion. However, the outbreak of COVID-19 has compelled various countries to impose strict lockdowns, resulting in shutdown of production sites along with inconsistent supply of raw materials, which in turn could negatively impact the overall market growth. Fluctuating prices of raw materials may also act as a restraining factor to the expansion of the industry.
Based on product landscape, the market is divided into semi-automatic lens edger, automatic lens edger and manual lens edger. Elaborating on the application spectrum, the industry is categorized into eye hospital, optical shop and others.
Regionally, worldwide eyeglass lens grinding machine industry is split into Latin America, Europe, North America, Asia-Pacific and Rest of the World, while concentrating on nations such as Mexico, Brazil, Japan, India, China, Germany, UK, Canada and the U.S. among others.
Shanghai Yanke Instrument Co. Ltd., Ningbo FLO Optical Co. Ltd., Nanjing Laite Optical Co. Ltd., Topcon Corporation, Essilor Instruments, Dia Optical, Nidek Co. Ltd., Huvitz Co. Ltd., Fuji Gankyo Kikai Mfg Co. Ltd. and Luneau Technology Group are the key participants in global eyeglass lens grinding machine industry.