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Online Eyeglasses & Contact Lens Sales: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Online Eyeglasses & Contact Lens Sales Market Research Report | NAICS OD5089 | Sep 2016

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

IBISWorld’s Online Eyeglasses & Contact Lens Sales market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$466m
Annual Growth 11-16
7.3%
Annual Growth 16-21
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Profit
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Employment
1,270
Businesses
500
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... purchase to read more

Industry Report - Starting a New Business Chapter

The Online Eyeglasses and Contact Lens Sales industry is characterized by moderate barriers to entry. While barriers to entry are relatively low for potential industry entrants, due to low capital costs related to purchasing a domain name, website hosting services, a computer and related equipment, new industry entrants still contend with incumbent companies having established networks of suppliers. For example, potential industry entrants grapple with most contact lenses and eyeglasses being manufactured by a limited number of companies, evidenced by Luxottica Group's ownership of many brand-name industry products. As a result, it can be arduous for potential industry entrants to establish favorable supply relationships with manufacturers.

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Industry ProductsRelated ReportsTable of Contents

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
EyeglassesSunglassesNonprescription eyeglassesContacts
 
Industry Activities
Retailing prescription and nonprescription eyeglasses over the internetRetailing contact lenses over the internetRetailing sunglasses over the internetRetailing optical accessories over the internet


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