China glasses manufacturing industry

1. By Qianzhan Intelligence
Website: http://en.qianzhan.com/
Tel:+86 0755 33220413
Email us: carter@qianzhan.com.cn
China Glasses Manufacturing Industry Market Prospects and Investment Forecast
Report
Glasses manufacturing industry belongs to the typical light industry. It develops
relatively early in China. There are many kinds of products in the industry,
including lenses for a variety of uses, assembled spectacles, corneal contact lens,
eyeglass lens, spectacle frame, etc. China has become the world’s major glasses
consumption country and production country as well. According to data from the
National Bureau of Statistics, in 2010, there were 421 glasses manufacturing
enterprises above designated size in total in China, with the total assets of 18.209
billion Yuan. The industry achieved the sales revenue of 15.436 billion Yuan,
with a year-on-year increase of 22.56%; and it achieved the total profits of 848
million Yuan, with a year-on-year increase of 43.88%.
Glasses industry has both vast market, and great potentials for development.
According to statistics, there are more than 400 million people needing wearing
glasses in China. If calculating it by 5 years for updating, the demand for glasses
is nearly 80 million pairs annually, plus the development of sunglasses and other
purposed lens, the market prospects is optimistic.
The high profit return attracts the attention from international glasses
manufacturing giants. Many foreign alligators are successively grapping a piece
of market share, by means of investment, acquisition, etc. HAL
Investments （ Asia ） B.V, the largest glasses investment company in EU, has
purchased 78% equities of Red Star Optical Company, a time-honoured brand in
China, with 214 million Yuan; Luxottic, a glass giant in Italy, has spent 600
million Yuan in buying Beijing Discerning Optical, Guangzhou Minglang
Optical, and Shanghai Modern Optical Company, there high-end glasses chain
store companies in China. Along with the acquisition between foreign brands and
domestic brand, as well as the uprising of some China’s local glasses brands, a
large-scale shuffle in glasses industry is inevitable.
With the increasing pressure of study and working, more and more people are
nearsighted. Meanwhile, people’s health awareness is growing, so the investment
in eye care is increasing added. According to statistics, the potentials and growth
of glasses consumption in mainland China ranks the first in the world. Nearly 400
million people need glasses for the reason of study, living and involving in work
with computer for a long time. If calculating it by 5 years for updating, the

2. demand for glasses can reach 100 million pairs.
In addition, with the surge of outdoor travelling and under the background of
using glasses for decoration, sunglasses and contact lens more and more tend to
attract mainland consumers. Today, the emerging consumers in mainland China
(from age of 18 to 40) possess the strongest capability for fashion products and
brand products, which directly results in the demand for sunglasses and contact
lens increasing annually.
Taking all factors into consideration, it’s predicted the sales revenue of China
glasses manufacturing industry will probably break through 20 billion Yuan, with
an increase of more than 30%. In the future, some changes will take place in
glasses manufacturing industry actively or passively, and these changes come
from the consumer’s demand and the needs of healthy development of industry
itself. Only keeping adapting to new changes and pursuing active innovation can
enterprise develop better and better in the fierce competition.
Here, we would like to express our sincere gratitude to Ministry of State
Information Center, Bureau of Statistics of China, China Customs, International
Information Research Institute, Chinese Academy of International Trade and
Economic Cooperation, Tsinghua University Library, Development Research
Center of the State Council and Beijing Essence Forward Research Center, for
their great support when we conduct this report!
Notice: All the market data, especially corporations' ranking data in the report,
only for business reference. Please do not take the data for enterprise publicity.
Thank you! Or Forward shall not take any responsibility for any consequences!
Forward Business Intelligence Co., Ltd. Industry Research Center
Research Team of Glasses Manufacturing Industry