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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
Annual Growth
Profit
Profit
Employment
1,270
Businesses
500
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
  • ... purchase to read more

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 - Industry Investment Chapter

The Online Eyeglasses and Contact Lens Sales industry exhibits a low level of capital intensity. In 2016, for every dollar spent on wages, the industry incurs an estimated $0.06 in capital expenditures. Capital-related costs include warehouse space, computer equipment and distribution expenditures. Additionally, online eyeglasses and contact lens retailers have capital costs from purchasing a domain name and a website hosting provider. To maintain their websites and protect consumers from fraud, online retailers need to purchase and maintain computers, printers and software programs such as electronic payment programs and firewalls.

Comparatively, wage costs include hiring contracted website designers. Other jobs include website maintenance and order fulfillment. Whi.. ... purchase to read more

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... purchase to read more

     


    Industry ProductsRelated Reports

    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


    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
  • Chart: Revenue Growth
  • Industry Outlook
  • 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
  • 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 Contacts
    Walgreen Co.
  • Table: 1-800 Contacts - financial performance
  • Table: Walgreen Co. - 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
  • Includes:
  • 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 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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