Optical Lens Cutter and Edger Market Is Projected To Reach A Market Valuation By The End Of 2032

The global optical lens cutter and edger market is estimated to be worth US$ 402.4 million in 2022, with a CAGR of 9.2% expected to reach US$ 973.2 million by the end of 2032.

In 2021, sales of optical lens cutters and edgers accounted for nearly 2%-3% of the global ophthalmic equipment and machinery market, with that figure expected to rise to 6%-7% by 2032. This is primarily due to the growing number of spectacles users and the introduction of blue cut and UV-protected lens technology.

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Demand for Optical Lens Cutter and Edgers (2017-2021) vs. Market Forecast Outlook (2022-2032)

According to Fact.MR, a market research and competitive intelligence provider, the use of optical lens cutters and edgers has increased at a CAGR of around 4% over the last half-decade. In 2021, online sales will be valued at US$ 118.5 million, with company-owned websites accounting for nearly 40% of unit sales.

According to Fact.MR research, approximately 47,980 units of optical lens cutters and edgers, including optical lens cutters, lens edgers, and hybrid products, were sold globally in 2021. Over the assessment period, the emergence of automatic technologies in optical lens cutting and edging solutions is expected to increase product penetration by 2X.

Competitive Landscape

Key suppliers of optical lens cutters and edgers include Coburn Technologies Inc., Danyang Huasu Optical Co., Ltd, Essilor International S.A., Huvitz Corp., MEI System, NIDEK, Santinelli International, Shanghai Supore Instruments Co. Ltd., SK Enterprises, TOPKON, and Ylosdn.

Players in the top two tiers have begun to produce hybrid products.

To attract new customers, Coburn Technologies Inc, Essilor International S.A., and others offer versatile products as well as dry-cutting technology.
To attract more customers, some manufacturers are even offering free shipping. Over the next decade, this strategy will open up numerous opportunities and strengthen their overall revenue-generating capacity.

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Key Segments of Optical Lens Cutter and Edger Industry Survey

Optical Lens Cutter and Edger Market by Product Type:

Optical Lens Cutters

Optical Lens Edgers

Hybrid

Optical Lens Cutter and Edger Market by Automation:

Automatic Optical Lens Cutters and Edgers

Semi-automatic Optical Lens Cutters and Edgers

Manual Optical Lens Cutters and Edgers

Optical Lens Cutter and Edger Market by Operation:

Optical Lens Cutters and Edgers With Water

Optical Lens Cutters and Edgers Without Water

Optical Lens Cutter and Edger Market by Power Type:

Up to 70 W Optical Lens Cutters and Edgers

70-100 W Optical Lens Cutters and Edgers

100-200 W Optical Lens Cutters and Edgers

Above 200 W Optical Lens Cutters and Edgers

Optical Lens Cutter and Edger Market by Sales Channel:

Online Sales

Company-owned Websites

e-Commerce Websites

Offline Sales

Electronic Stores

Franchised

Independent

Others

Optical Lens Cutter and Edger Market by Region

North America

Latin America

Europe

East Asia

South Asia & Oceania

Middle East & Africa

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Country-wise Analysis

Why is Germany such a significant market for Optical Lens Cutter and Edgers?
Germany is the European semiconductor industry's leader, with notable electronic devices as well as semiconductor manufacturers and suppliers.

Leading companies like Intel, Bosch, Globalfoundries, Infineon, and others are investing a significant portion of their revenue in Germany to expand their manufacturing capabilities.

For example, Intel has announced the establishment of a new semiconductor facility in Magdeburg, in which it will initially invest US$ 18.2 billion.
Furthermore, Bosch has invested nearly $1 billion in Dresden's production facility, Europe's first fully-digitalized semiconductor production facility.
These and other semiconductor facility investments are creating new opportunities for reticle pod cleaning system manufacturers. This is expected to benefit the European industry as a whole.

The German Optical Lens Cutter and Edger Market accounts for more than two-fifths of the European market share and is expected to reach a valuation of US$ 2.3 million by 2032.

Critical insights enclosed in the report:

In-depth assessment of the leading market players in the Europe Construction Equipment Market
The regional analysis of the different market segments and sub-segments
Recent mergers, acquisitions, collaborations, partnerships, and R&D activities.
SWOT analysis of the prominent players in the Europe Construction Equipment Market
Y-o-Y revenue growth of the Europe Construction Equipment Market during the forecast period

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This release was published on openPR.