Global leading suppliers

EssilorLuxottica is the world’s leading eyewear company, established in 2018 with the merger of Essilor and Luxottica, respectively the leading global suppliers of lenses and frames. Other leading global manufacturers are Hoya, Carl Zeiss and Safilo.

Companies such as EssilorLuxottica and Safilo have their own factories in Europe but also source products from original equipment manufacturers (OEMs), including those from China. OEMs manufacture products for other businesses. Carl Zeiss and

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Hoya manufacture their high-end products in-house in their respective headquarters countries, Germany and Japan. They have also established their own plants in LMICs; Carl Zeiss owns a factory in China for optical lenses and has recently invested in a new factory in India. Hoya has opened factories in Thailand and Viet Nam.

By region:

By segment:

Leading global suppliers have begun to establish inclusive business segments specifically targeting LMIC markets to address issues of product accessibility. Two notable examples are EssilorLuxottica’s inclusive business division, 2.5 New Vision Generation (2.5 NVG) and Warby Parker’s donation programme titled ‘Buy a Pair, Give a Pair’.

EssilorLuxottica established 2.5 NVG to provide affordable, high-quality vision products to underserved populations in LMICs who lack access to traditional distribution channels. Business solutions include a network of small vision entrepreneurs, and product innovations to make provision simpler in low-resource settings. A notable innovation is Ready2Clip™, a system combining frames with ready-to-mount lenses, allowing for the quick preparation directly on-site of customized glasses according to an individual’s prescription. The 2.5 NVG line is purchased by governments, NGOs, and

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private sector providers, such as pharmacies and Essilor’s own Eye Mitra and Eye Rafiki which are small retail entrepreneurs. 2.5 NVG currently distributes products across 50 countries in Asia, Latin America, and Africa.

Warby Parker is an American retailer of prescription glasses, contact lenses, and sunglasses. It has developed a donation programme titled ‘Buy a Pair, Give a Pair,’ through which over 15 million pairs of glasses have been distributed in more than 75 countries. The programme works with a handful of partners worldwide to ensure that for every pair of Warby Parker glasses purchased, a pair is distributed to someone in need. Key partners include VisionSpring, RestoringVision, and the LV Prasad Eye Institute in India.

Table 21: Global leading suppliers with multiple products (lenses, frames, reading glasses)

Name (Headquarters location) Revenue (in United States dollars) Product (s) Manufacturing sites LMIC Markets served
EssilorLuxottica (France) 26.9 billion
  • Lenses
  • Frames
  • Reading glasses
Mostly in China, but 50 manufacturing plants in over 10 countries including Brazil, India, Laos, Thailand, and Viet Nami More than 50 countries in Asia, Latin America, and Africa. ii
Nikon Lenses (Japan) Information not available
  • Lenses
  • Reading glasses
Japan Asia and Africaiii

iOur Global Footprint, EssilorLuxottica. See Change official website, https://www.essilorseechange.com/ what-we-do/2-5-new-vision-generation/. ↩︎

iiEssilor See Change official website, https://www.essilorseechange.com/what-we-do/2-5-new-vision- generation/. ↩︎

iiiGlobal Network, Nikon, https://www.nikonlenswear.cn/about_us/global_network. ↩︎

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Table 22: Global leading suppliers with single product focus (lenses or frames)

Company (Headquarters location) Revenue Main Product Manufacturing Sites Markets Served
Carl Zeiss (Germany) 1.6 billion euros (approximately 1.7 billion dollars) in 2022-2023 from its Consumer Market business unit Lenses Germany, China, and USi 50 countriesii
ChemiLens iii (Korea) Information not available Lenses Korea Mainly China followed by Viet Nam
De Rigo (Italy) 452.7 million euros in 2022 (approximately 500 million dollars) iv Frames Information not available 80 countriesv including Middle East, Asia
Hoya (Japan) 407,549 million yen (2.8 billion dollars) revenue in 2022 life care unit, eyeglasses lenses account for around 50 per centvi Lenses Thailand, Viet Nam Africa, Middle East, Asiavii
Kering Eyewear (Italy) 1.1 billion euros in 2022 (approximately 1.2 billion dollars) viii Frames Information not available Information not available
Marcolin (Italy) 547.4 million euros (approximately 600 million dollars) ix Frames Italy 125 countriesx, such as Brazil, China, Mexico and Russia as well as the Middle East
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Company (Headquarters location) Revenue Main Product Manufacturing Sites Markets Served
Safilo (Italy) 1.1 billion euros in 2022 (approximately 1.2 billion dollars) xi Frames Italy, US, China, and Sloveniaxii 40 countries directly servedxiii in regions including Latin America, Middle East, Africa, Asia Pacific
Thelios (France) Information not available Frames Italyxiv Information not available

iCarl Zeiss to create 600 jobs with $270m lens factory in India, 2023, Investment Monitor, https://www. investmentmonitor.ai/news/carl-zeiss-to-create-600-jobs-with-270m-lens-factory-in-bangalore-india/. ↩︎

iiAnnual Report 2022/23, Zeiss Group, https://mamcache.zeiss.com/616_1702972605705.original.html. ↩︎

iii Chemilens, About us, http://www.chemilens.co.kr/eng/html/chemilens/about.php. ↩︎

ivDirectors’ Report, De Rigo, https://www.derigo.com/en/media/2023/09/management_report_2022_1208.pdf. ↩︎

v2022 Full-Year Results, Kering, https://www.kering.com/api/download-file/?path=Presentation_FY_22_VDEF_d9d384ac97.pdf. ↩︎

viLife Care Business, Hoya, https://www.hoya.com/ir/2023/en/review/lifecare.html. ↩︎

vii Hoya company official website, https://hoyafilter.com/support/distributors/. ↩︎

viiiKering 2022 Full-Year Results, https://www.kering.com/api/download-file/?path=Presentation_FY_22_VDEF_ d9d384ac97.pdf. ↩︎

ixMarcolin 2022 Report, https://www.marcolin.com/wp-content/uploads/2023/03/Press-release_Marcolin_ FY22-Results_final_EN.pdf. ↩︎

xMarcolin company official website, https://www.marcolin.com/en/group/about-us/. ↩︎

xiNet sales of Safilo Group from 2010 to 2022, 2023, Statista, https://www.statista.com/statistics/617602/net- sales-of-safilo-group-in-italy-timeline/. ↩︎

xiiSafilo Group SpA – Company Profile, Global Data, https://www.globaldata.com/company-profile/safilo- group-spa/. ↩︎

xiiiSafilo company official website, https://www.safilogroup.com/en/investors/glance. ↩︎

xivLVMH 2018 Annual Report, https://www.lvmh.com/2018interactiveannualreport/en/104-Thelios.html#/ page/104. ↩︎

Note: List categorized by product type and listed alphabetically by producers.