Industry Analysis & Industry Trends
The Online Eyeglasses and Contact Lens Sales industry will experience continued growth over the next five years, after revenue soared during the past five years. Favorable economic conditions and the rising popularity of online shopping will bolster demand, as consumers increasingly value convenience and low prices. Nevertheless, intense internal and external competition will continue to threaten the industry's overall growth.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Online eyeglasses and contact lens stores operate in a growing industry, with rising participation and modest technological development. Over the 10 years to 2018, IBISWorld anticipates that the industry value added (which measures the industry's contribution to the US economy) will grow at an average annual rate of 8.1%. Meanwhile, US GDP is forecast to rise by 2.1% per year. This discrepancy indicates that the industry is in the growth stage of its life cycle, since industry value added growth significantly outpaces that of the domestic economy.
Over the five years to 2013, the industry has had a wave of new entrants. In fact, the number of establishments (i.e. websites) has increased at an average annual rate of 3.9% to an estimated 276 operators in 2013... purchase to read more