Clear vision: Online eyewear sales will grow at a slower pace due to industry concentration

IBISWorld’s industry research report on Online Eyeglasses & Contact Lens Sales can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.


Industry Threats & Opportunities

  • Online retailers will expand their software that enables consumers to virtually try on products
  • Online retailers have strengthened their customer service to mitigate competition
  • More online retailers will expand to include their own optical laboratories

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    Industry Analysis & Industry Trends

    The Online Eyeglasses and Contact Lens Sales industry has benefited from more consumers purchasing eyewear products from online retailers, rather than brick-and-mortar stores. Furthermore, the burgeoning elderly population has provided a boon to the industry. However, in the next five years, the industry will endure rising external competition, slowing industry growth. Nevertheless, many online retailers will expand their software that enables consumers to virtually try on products or try on frames at home, boosting demand for industry services...

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    Industry Report - Industry Products Chapter

    Prescription contact lenses make up the majority of industry revenue. However, as the burgeoning elderly population will likely use prescription glasses more than contact lenses, prescription glasses are expected to exhibit growth over the next five years. Thanks to innovative technologies that enable customers to virtually try on glasses, many online retailers have benefited from strong consumer demand for glasses. Moreover, some industry operators, such as Warby Parker, have offered glasses with unique designs and low prices, thus stimulating demand for glasses.

    Contact lenses

    Contact lenses account for the largest share of industry revenue, with an estimated 43.8% of industry revenue in 2016. As ..

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    Additional Insights for the Online Eyeglasses & Contact Lens Sales Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Eyeglasses & Contact Lens Sales Industry are

  • Ability to quickly adopt new technology
  • Having a good reputation
  • Easy access for customers
  • IBISWorld analysts also discuss how external factors such as Demand from optometrists and Per capita disposable income in the Online Eyeglasses & Contact Lens Sales industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Online Eyeglasses & Contact Lens Sales Industry?

    This industry sells optical and eyewear goods over the internet. Merchandise is generally purchased from domestic (in some cases international) manufacturers and wholesalers, and it is then sold to the public.

    Industry Products
    Nonprescription eyeglasses
    Industry Activities
    Retailing prescription and nonprescription eyeglasses over the internet
    Retailing contact lenses over the internet
    Retailing sunglasses over the internet
    Retailing optical accessories over the internet

    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
  • Demand from optometrists
  • Per capita disposable income
  • Number of broadband connections
  • Number of people with private health insurance

  • Current Performance
    E-commerce competes with brick-and-mortarEnterprises and employees
  • Chart: Revenue Growth

  • Industry Outlook
    Innovative technologiesRegulatory framework
  • Table: Online Eyeglasses & Contact Lens Sales Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Eyeglasses & Contact Lens Sales Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

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

  • Products & Services
  • Contacts
  • Eyeglasses
  • Nonprescription eyeglasses
  • Sunglasses
  • Chart: Online Eyeglasses & Contact Lens Sales Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 50 and older
  • Individuals aged 35 to 49
  • Individuals aged 19 and younger
  • Individuals aged 20 to 34
  • Chart: Major Market Segmentation for the Online Eyeglasses & Contact Lens Sales Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesMarketing and advertisingOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Online Eyeglasses & Contact Lens Sales

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Eyeglasses & Contact Lens Sales Industry

  • Industry Globalization
    Major Companies
    1-800 ContactsThe Walgreen Company
  • Table: 1-800 Contacts - financial performance
  • Table: The Walgreen Company - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Online Eyeglasses & Contact Lens Sales 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 Online Eyeglasses & Contact Lens Sales Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of broadband connections (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Brick And Mortar
  • Stores that have a physical presence and location, as opposed to online retailers.
  • Broadband
  • An alternative to dial-up internet that gives users access to higher rates of data and greater bandwidth.
  • Eye Care Professional (Ecp)
  • An individual who provides a service related to the eyes or vision.
  • Optometrist
  • Individuals that earn a Doctor of Optometry, perform eye exams, write prescriptions and dispense eyewear.
  • 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 Online Eyeglasses & Contact Lens Sales:
    • 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 Online Eyeglasses & Contact Lens Sales 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 Online Eyeglasses & Contact Lens Sales, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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