lens edger system market REPORT OVERVIEW
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The global lens edger system market size was in USD 350.1 million 2022 and is expected to reach USD 466.5 million by 2028, exhibiting a CAGR of 4.9% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
An optometrist or ophthalmologist can precisely shape the lenses using lens edgers, which are outfitted with grinding and polishing motors. In order to fit a specific frame, this also entails trimming the lenses to the proper size and shape. The equipment also bevels the lens edges. Beveling entails slicing a thin, angled edge all the way around the lens's edge. This beveled edge offers a smooth, comfortable edge that doesn't annoy the wearer and enables the lens to fit securely into the frame. Lens edgers can sometimes groove or notch the lenses to accommodate particular frame designs, especially when using specialized frames or certain lens types (like rimless frames). Lens edgers frequently have a sharp edge after the lenses are shaped and beveled, Lens Edgers often have a polishing function to ensure the edges are smooth and glossy.
Particularly important during the COVID-19 epidemic, several Lens Edger were being integrated with tele optometry platforms, enabling remote eyeglass fittings and lens ordering. It was becoming more common for devices to have touchscreen controls and user-friendly interfaces, which made it simpler for technicians to operate lens edger effectively. Lens Edger were adjusting to efficiently handle these materials as high-index lens materials for thinner and lighter lenses grew in favor.
COVID-19 Impact: Supply Chain Disruptions to Hinder Market Growth
The supply chain was disrupted in the eyeglasses and optical equipment sector, as it was in many other sectors. The production and supply of parts and machinery, including Lens Edger Systems, were hampered by lockdowns, travel restrictions, and plant closures in different regions of the world. This might have caused delays in the creation and distribution of these machines. Due to lockdowns and public health worries in the early stages of the epidemic, several optical stores and eyewear businesses briefly closed or experienced decreased foot traffic. It's possible that this decreased demand for eyeglasses, even those with prescription lenses, had an impact on the market for Lens Edger. In order to lower the risk of COVID-19 transmission, healthcare facilities and optical stores frequently had to put new safety measures in place as soon as they reopened.
LATEST TRENDS
"Advanced Automation to Enhance Market Growth"
The capabilities and accuracy of Lens Edger Systems have substantially increased thanks to developments in precision engineering, optics, and automation. Manufacturers are constantly coming up with new ways to make equipment that are more accurate and efficient. More and more consumers are looking for customised eyewear options. Prescription lenses can be altered via lens edger systems to suit personal tastes, frame designs, and specific vision requirements. Because they offer lenses that are lighter and thinner, high-index lens materials are becoming more and more popular. To satisfy market demand, Lens Edger must adapt to successfully handle these materials. Progressive lenses, photochromic lenses, and anti-reflective coatings are a few examples of specialised lenses that have become more popular. These unique specifications for lens manufacture must be accommodated by lens edger.
lens edger system market SEGMENTATION
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- By Type
Based on type market is classified as manual type, semi-automatic type and automatic type.
- By Application
Based on application market is classified as eyeglasses store, hospital and others.
DRIVING FACTORS
"Customization and Personalization to Augment Market Growth"
The capabilities and accuracy of Lens Edger Systems have substantially increased thanks to developments in precision engineering, optics, and automation. Manufacturers are constantly coming up with new ways to make equipment that are more accurate and efficient. More and more consumers are looking for customised eyewear options. Prescription lenses can be altered via lens edger systems to suit personal tastes, frame designs, and specific vision requirements. Because they offer lenses that are lighter and thinner, high-index lens materials are becoming more and more popular. To satisfy market demand, Lens Edger must adapt to successfully handle these materials. Progressive lenses, photochromic lenses, and anti-reflective coatings are a few examples of specialised lenses that have become more popular. These unique specifications for lens manufacture must be accommodated by lens edger.
"Environmental Considerations to Propel Market Growth"
There are many different frames designs available on the eyewear market, including rimless, semi-rimless, and full-frame models. In order to accommodate various frame types and shapes, lens edger must be adaptable. Customers anticipate receiving their prescription glasses in a timely manner. The timely delivery of precisely shaped lenses is made possible in large part by the use of lens edger. Particularly during the COVID-19 pandemic, the incorporation of teleoptometry and remote eyeglass fittings has gained popularity. These remote service models might need to be supported by Lens Edger. Opticians and optical labs are always looking for methods to increase productivity and cut costs. By streamlining the lens manufacturing procedures, Advanced lens edger can assist in achieving these objectives.
RESTRAINING FACTORS
"High Initial Costs to Impede Market Expansion"
Lens Edger Systems are complex, precise pieces of equipment that can be expensive to buy and install. For new businesses and tiny optical stores, this expense may be prohibitive. The total cost of ownership may increase due to ongoing maintenance, calibration, and repair costs. To guarantee the equipment's accuracy and dependability, routine maintenance is essential. Effective Lens operation necessitates skilled technicians. Some eyecare providers may find it difficult and expensive to hire, train, and retain qualified staff. A separate room is needed for lens edger in an optical lab or eyecare institution. For some smaller firms, a space constraint might be a problem.
lens edger system market REGIONAL INSIGHTS
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"North America to Dominate the Market Due to Substantial Number of Optical Labs"
The North America region, has a sizable lens edger system market share as well as a substantial number of optical labs and eyecare providers. These markets frequently call for cutting-edge lens edger to satisfy the demands of a diverse population with various eyesight needs. It has a well-established eyeglasses industry with both production and retail components. Customers from Europe frequently look for high-end, personalised eyewear. The region's demand for eyewear and lens processing machinery is influenced by the region's expanding middle class and greater awareness of eye health.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Essilor (France)
- Nidek (Japan)
- Luneau Technology Group (France)
- MEI (U.S.)
- Dia Optical (U.S.)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 350.1 Million in 2022 |
Market Size Value By |
US$ 466.5 Million by 2028 |
Growth Rate |
CAGR of 4.9% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the lens edger system market expected to touch by 2028?
The global lens edger system market size is expected to reach USD 466.5 million by 2028.
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What CAGR is the lens edger system market expected to exhibit by 2028?
The lens edger system market is expected to exhibit a CAGR of 4.9% by 2028.
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Which are the driving factors of the lens edger system market?
Customization and Personalization and environmental concerns are the driving factors of the lens edger system market growth.
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Which are the key players functioning in the lens edger system market?
Essilor, Nidek and Luneau Technology Group and others are some of the major players in the lens edger system market.