Overview

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

IBISWorld’s Sunglasses Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Analysis Chapter

    The sun has shone brightly over the Sunglasses Stores industry over the five years to 2016, with revenue anticipated to rise at an annualized rate of 2.5% to $1.7 billion during the period. Rising employment levels and economic growth have spurred a growing number of consumers to purchase price-premium sunglasses retailed by this industry. While heightened competition from online retailers has limited growth, revenue is expected to continue rising, increasing 2.3% in 2016.

    Consumer climate

    Growth in the Sunglasses Stores industry relies on a number of consumer and economic trends. While sunglasses are a staple item for most consumers in sunny climates, such consumers are more likely to purchase low-price sunglasses at discount stores during times of economic hardship. The..

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    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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    Look under the hood?

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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    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

  • Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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.
  • Why buy this report?

    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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