Sunglasses Stores in Australia - Market Research Report

Sunglasses Stores industry trends (2014-2019)

poll Average industry growth 2014–2019: -0.5%

Operators in the Sunglasses Stores industry have faced a challenging market over the past five years, as volatile consumer sentiment, limited demand and fierce competition have placed significant pressure on revenue. Slow discretionary income growth and uncertainty regarding the state of the domestic economy have affected consumer sentiment over the period, prompting many households to become more cautious with discretionary spending, including spending on sunglasses. Industry revenue is expected to fall at an annualised 0.5% over the five years through 2018-19, to total $318.7 million. This trend includes an expected decline of 0.3% in the current year, largely due to increasing competition from online retailers. The soaring popularity of online sh...
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Sunglasses Stores industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The anticipated improvement in overall economic conditions over the next five years is likely to encourage consumers to increase their retail spending, boosting sales of sunglasses. Given the elastic nature of industry demand, projected positive consumer sentiment and rising discretionary incomes should support industry revenue growth over the period. Industry revenue is forecast to grow at an annualised X.X% over the five years through XXX-XX, to total $XX.X million. Improving economic conditions are anticipated to drive sales of designer sunglasses, while increasing awareness of the dangers of UV radiation and greater promotion of adequate sun protection should support demand for all market segments. Retailers of luxury sunglass brands will attemp...
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Sunglasses Stores industry statistics

  • attach_money Market Size: $319m
  • business Number of Businesses: 703
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 2,664

Biggest companies in the Sunglasses Stores industry

The companies holding the largest market share in the Sunglasses Stores in Australia industry include Luxottica South Pacific Holdings Pty Ltd.

  • pie_chart Luxottica South Pacific Holdings Pty Ltd Market Share: x.x%
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What is Sunglasses Stores industry?

Industry Definition

Businesses in this industry sell prescription and non-prescription sunglasses, and may also provide fitting and lens processing services. The industry excludes department stores, optometrists and all online sunglasses sales.

Industry Products and Services

  • Men's sunglasses
  • Women's sunglasses
  • Prescription sunglasses
  • Other
  • All Others

Industry Activities

  • Women's sunglasses retailing
  • Men's sunglasses retailing
  • Prescription sunglasses retailing
  • Sunglasses accessories retailing
  • Sunglasses repair services

Market research report - table of contents

Industry Definition

Businesses in this industry sell prescription and non-prescription sunglasses, and may also provide fitting and lens processing services. The industry excludes department stores, optometrists and all online sunglasses sales.

Main Activities

  • Women's sunglasses retailing
  • Men's sunglasses retailing
  • Prescription sunglasses retailing
  • Sunglasses accessories retailing
  • Sunglasses repair services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The consumer sentiment index measures people's attitudes about their financial situation and overall economic conditions. When consumer confidence is posi...
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Consumer sentiment index
Real household discretionary income
Demand from online shopping
Trade-weighted index

Current Performance

Increasing competition
Industry profit and structure
 Chart: Revenue Growth

Industry Outlook

Industry changes
Wages and profit
 Table: Sunglasses Stores in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Sunglasses Stores in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Health Insurance in Australia
Consumers in Australia





Key Selling Industries

Photographic and Optical Goods Manufacturing in Australia
Retail Property Operators in Australia





Products & Services

Operators in the Sunglasses Stores industry primarily sell sunglasses, which are eyewear that reduce sun glare and provide protection from ultraviolet ray...
People aged 35 to 54
People aged 55 and over




Demand Determinants

Sunglasses are generally non-essential purchases, resulting in discretionary income being the key determinant of demand for sunglasses. Low income can pre...
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Major Markets

People aged 35 to 54
People aged 55 and over





 Chart: Major Market Segmentation for the Sunglasses Stores in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Sunglasses Stores industry exhibits moderate market share concentration, due to the dominance of Luxottica and their Sunglass Hut chain. Outside of Su...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Sunglasses Stores in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Sunglasses Stores in Australia - Market Research Report Industry

Industry Globalization

Luxottica South Pacific Holdings Pty Ltd (LSPH) is the Australian subsidiary of Luxottica Group S.p.A, a vertically integrated Italian company that manufa...
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Luxottica

 Table: Luxottica - financial performance

Capital Intensity

The Sunglasses Stores industry exhibits low capital intensity. In the current year, $8.31 is expected to be spent on wages for every dollar spent on capit...
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 Chart: Level of Capital Intensity for the Sunglasses Stores in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Sunglasses Stores in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

LENS

POINT OF SALE (POS)

RADIO FREQUENCY IDENTIFICATION (RFID)

ULTRAVIOLET (UV)

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Sunglasses Stores industry?

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This report on Sunglasses Stores in Australia:

  • 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 in Australia 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 in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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