Clear vision: Heightened competition from online retailers is expected to further limit consumer demand

The Sunglasses Stores industry has grown over the past five years to 2018. Consumers continue to rely on the expertise and vast product selection of industry operators. Moreover, rising disposable income amid improving economic conditions has boosted demand for luxury sunglasses, which boast a higher price point. Due to rising competition from online retailers, the number of industry establishments has declined during the period as companies have closed unprofitable locations. Further, growth in new companies has been marginal. Heightened competition from online retailers is expected to further limit consumer demand for sunglasses from brick-and-mortar retail stores over the five years to 2023...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
1.5%
Forecast Growth 18-23
Profit
Employment
46,825
Businesses
8,246
Market Share of Companies

Industry Threats & Opportunities

  • Heightened competition from online retailers is expected to further limit consumer demand
  • The majority of new operators in the industry are expected to be independent retailers
  • With economic conditions projected to improve, disposable income growth will continue
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in the Sunglasses Stores industry are low, with the most significant barriers to entry being limited to securing a retail space and an initial inventory of products to retail. Further, most operators will also require at least one other employee to help staff the store. Overall, the low level of capital intensity and low level of industry regulation result in low barriers to entry. Despite low barriers to entry, the high level of competition in this industry poses a high barrier to success.The industry's two major players, Luxottica and Safilo, account for over half of industry revenue. These companies are vertically integrated, performing both the manufacturing and distribution of eyewear. Fur...purchase to read more.

    Additional Insights for the Sunglasses Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sunglasses Stores Industry are

  • Ability to alter product mix in favor of market conditions
  • Proximity to key markets
  • Maintenance of excellent customer relations
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Per capita disposable income in the Sunglasses Stores industry impact industry performance..

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    What's in this report

    What is the Sunglasses Stores Industry?

    This industry predominantly sells sunglasses and related merchandise. The industry does not include companies that primarily sell eyeglasses, online retailers nor sales at optometrist offices.

    Industry Products
  • Women's sunglasses
  • Men's sunglasses
  • All other optical goods
  • Industry Activities
  • Selling women's sunglasses
  • Selling men's sunglasses
  • Selling prescription sunglasses
  • Selling sunglasses accessories
  • Repairing sunglasses
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Per capita disposable income
  • commerce sales
  • Demand from tourism
  • Total recreation expenditure

  • Current Performance
  • Consumer climate
  • Industry landscape
  • Costs and competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Sunny spending trends
  • Rising competition
  • Operating conditions
  • Table: Sunglasses Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sunglasses Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Glasses & Contact Lens Manufacturing
  • Glasses & Contacts Wholesaling
  • Optometrists

  • Products & Services
  • Men's sunglasses
  • Women's sunglasses
  • All other optical goods
  • Chart: Sunglasses Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Men aged 18 to 34
  • Women aged 18 to 34
  • Men aged 35 to 54
  • Women aged 35 to 54
  • Men aged 55 and over
  • Women over the age of 55
  • Chart: Major Market Segmentation for the Sunglasses Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesMarketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Sunglasses Stores

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sunglasses Stores Industry

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Sunglasses Stores 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 Sunglasses Stores 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
    Baby Boomer
  • The demographic of Americans born between 1946 and 1964, accounting for a major proportion of the population.
  • Big-Box Retailers
  • Also known as supercenters; are a relatively new store format characterized by its large size. These types of operators sell similar merchandise as department stores, but also include grocery items.
  • Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Diffusion Line
  • A moderately priced clothing or accessories line offered by traditional designers. These lines are often targeted toward the younger demographic.
  • E-Tailer
  • A retailer that primarily sells goods and services via the internet. Many of these companies do not have brick-and-mortar locations.
  • Generation X
  • The demographic of Americans aged 30 to 45, who follow the baby-boomer generation.
  • Generation Y
  • The demographic of Americans aged between 10 and 30, who are born to baby boomers and follow Generation X.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Sunglasses Stores Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Sunglasses Stores industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Sunglasses Stores:
    • 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 Sunglasses Stores 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 Sunglasses Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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