Sunny disposition: Rising disposable income has boosted demand for luxury sunglasses

The Sunglasses Stores industry has grown over the past five years. Consumers are increasingly opting to rely on the expertise and vast product selection of industry operators to buy sunglasses. Moreover, rising disposable income amid improving economic conditions has boosted demand for luxury sunglasses, which boast a higher price point. Sunny skies are forecast to continue over the next five years; however, heightened competition from online retailers is expected to limit consumer demand for sunglasses from brick-and-mortar retail stores. While many designers have opted to license their brands through optical manufacturing giants, a growing number of online startups are designing and manufacturing their own sunglasses...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
2.5%
Forecast Growth 16-21
Profit
Employment
50,648
Businesses
9,475
Market Share of Companies

Industry Threats & Opportunities

  • Despite recessionary declines, this industry is poised to make a strong comeback
  • As average income rates increased, more consumers made their way to sunglasses stores
  • The industry will grow steadily due to increased consumer spending and an improving economy
  • Industry Report - Industry Locations Chapter

    As is the case with most retail industries, the distribution of businesses closely follows the nation's population trends. Since sunglasses stores rely on consumers to generate revenue, they must be located close to their target market. Industry activity is heavily concentrated in the Southeast and Mid-Atlantic regions. The Southeast accounts for the largest share of industry revenue at an estimated 23.2%, while comprising 25.6% of the nation's population (also the largest share). In this region, Florida holds the largest portion of revenue at 8.8% of the industry's total.The Mid-Atlantic area also accounts for a significant portion 22.8% of industry revenue. New York brings in the lion's share of revenue in the region with 11.0% of the total. The...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 Per capita disposable income and Demand from tourism 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
  • Men's sunglasses
  • Women's sunglasses
  • Prescription sunglasses
  • 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
  • Per capita disposable income
  • Demand from tourism
  • commerce sales
  • Trade-weighted index

  • Current Performance
    Consumer climateIndustry landscapeCosts and competition
  • Chart: Revenue Growth

  • Industry Outlook
    Sunny spending trendsRising competitionOperating 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
  • Women's sunglasses
  • Men's sunglasses
  • Prescription sunglasses
  • Other
  • Chart: Sunglasses Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Generation X
  • Generation Y
  • Baby Boomers
  • Consumers aged 65 and older
  • Consumers aged 15 years and under
  • 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 S.p.A., Safilo Group S.p.A,
  • Table: Luxottica Group S.p.A. - financial performance
  • Table: Safilo Group S.p.A - 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per capita disposable income (2007-2021)

  • 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?

    The Sunglasses Stores industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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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