Looking up: Expanding product portfolios in downstream markets will boost revenue

Revenue growth for the Glasses and Contacts Wholesaling industry during the period is in part a result of favorable economic conditions. As per capita disposable income increased, consumers were more able and willing to purchase eyeglasses and sunglasses. In addition, as the number of adults aged 50 and above increased, demand for eyewear increased. During the period, major companies within the industry also consolidated in an attempt to increase their market shares and profit margins by benefiting from economies of scale. and from optometrists and eyecare professionals are expected to continue rising over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 13-18
2.2%
Forecast Growth 18-23
Profit
Employment
22,955
Businesses
1,280
Market Share of Companies

Industry Threats & Opportunities

  • The industry will benefit from the growing incidence of age-related eye problems
  • More brick-and-mortar optical retailers have begun to offer online sales
  • During the next five-year period, industry revenue is forecast to grow
  • Industry Report - Industry Analysis Chapter

    The Glasses and Contacts Wholesaling industry has exhibited growth, driven by downstream eyecare professionals (ECPs) and retailers using wholesalers to fulfill their inventory requirements. Over the five years to 2018, industry revenue is expected to grow at an annualized rate of 2.2% to $13.2 billion, including an expected 2.8% rise in 2018 alone. Increased demandOver the five years to 2018, industry demand has increased due to increased demand for eyewear and contact lenses. Favorable economic conditions during the period, such as decreased unemployment, resulted in increased per capita disposable income. As a result, consumers were more able and willing to purchase eyewear. As ...purchase to read more.

    Additional Insights for the Glasses & Contacts Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Glasses & Contacts Wholesaling Industry are

  • Guaranteed supply of key inputs
  • Having an extensive distribution/collection network
  • Provision of superior after-sales service
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 50 and older and Per capita disposable income in the Glasses & Contacts Wholesaling industry impact industry performance..

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    What's in this report

    What is the Glasses & Contacts Wholesaling Industry?

    Operators in this industry sell eyeglasses, contact lenses, sunglasses, eyeglass frames and reading glasses to eyecare professionals and retailers. This industry also includes distributors that resell professional equipment and instruments.

    Industry Products
  • Prescription eyeglasses
  • Contact lenses
  • Nonprescription eyeglasses
  • Other optical goods
  • Optometric equipment
  • Optometric supplies
  • Ophthalmic goods
  • Industry Activities
  • Purchasing merchandise from third-party suppliers and reselling it to or medical businesses
  • Storing merchandise in a location prior to distribution
  • Assisting in stocking merchandise, pricing goods and refilling shelves
  • Providing financing for the purchase of goods
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 50 and older
  • Per capita disposable income
  • Demand from eye glasses and contact lens stores
  • Demand from optometrists
  • External competition for the Eye Glasses & Contact Lens Stores industry

  • Current Performance
  • Increased demand
  • Industry landscape
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Brick-and-mortar vs. online
  • Increased demand
  • Table: Glasses & Contacts Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Glasses & Contacts Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Eye Glasses & Contact Lens Stores
  • Optometrists
  • Hospitals

  • Key Selling Industries
  • Glasses & Contact Lens Manufacturing
  • Medical Instrument & Supply Manufacturing

  • Products & Services
  • Prescription eyeglasses
  • Nonprescription eyeglasses
  • Ophthalmic goods
  • Contact lenses
  • Optometric equipment
  • Other optical goods
  • Other
  • Optometric supplies
  • Chart: Glasses & Contacts Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
  • Optometrist, orthoptist and ophthalmologist demand
  • Demographics
  • Product innovation
  • Substitute products

  • Major Markets
  • Independent optometry practices
  • Chain optical retailers
  • Other
  • Mass merchandisers
  • Chart: Major Market Segmentation for the Glasses & Contacts Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks

    Profit

    PurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Glasses & Contacts Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Glasses & Contacts Wholesaling Industry

  • Industry Globalization
    Luxottica Group SpA,
  • Table: Luxottica Group SpA - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Glasses & Contacts Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Glasses & Contacts Wholesaling Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Contact Lens
  • A thin, removable plastic lens worn directly on the front of the eyeball that is used instead of ordinary eyeglasses for the correction or protection of vision.
  • Corrective Lens
  • A lens, usually made of glass or plastic, that is used to treat visual disorders; includes both prescription eyeglasses and contact lenses.
  • Ophthalmology
  • The branch of medical science that studies the structure, functions and diseases of the eye.
  • Optometry
  • The examination of the eyes to determine visual defects and the prescribing of corrective lenses to correct such defects.
  • Orthoptics
  • The detection, diagnosis and management of disorders of vision.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Glasses & Contacts Wholesaling is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Glasses & Contacts Wholesaling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Glasses & Contacts Wholesaling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Glasses & Contacts Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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