Overview

Overshadowed: The growing popularity of online shopping has constrained revenue growth

IBISWorld’s Sunglasses Stores 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

Industry Threats & Opportunities

  • Sunglasses stores have been facing increasing competition from department stores

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    Industry Analysis & Industry Trends

    The Sunglasses Stores industry has faced a challenging market over the past five years, as weak consumer sentiment, constrained demand and fierce competition have placed significant pressure on revenue. Instability in global financial markets and uncertainty regarding the state of the domestic economy have greatly weakened consumer sentiment over the past three years, prompting households to become more cautious with discretionary spending, including on sunglasses. However, rising discretionary income over the five years through 2016-17 is expected to grow industry revenue by an annualised 0.8% over the period, to reach $317.7 million. However, industry revenue is forecast to diminish by 0.5% in the current year, as consumer sentiment continues to fall...

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    What is the Sunglasses Stores industry?

    Despite a subdued retail environment and turbulent economic conditions, steady demand for sunglasses has supported industry retailers' revenue growth over the past five years. However, as demand for sunglasses is elastic, the driver behind this revenue growth has primarily been an upward trend in household discretionary incomes during the period. A weak consumer sentiment has reflected the constrained demand for industry products. Economic uncertainty over the past five years has prompted households to scale back discretionary spending, with many consumers focusing on paying down debt. The industry's revenue is expected to expand by a subdued annualised 0.8% over the five years through 20016-17, to reach $317.7 million. Revenue is forecast to decline by 0.5% i...

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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

  • Having a loyal customer base
  • Ensuring pricing policy is appropriate
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Real household discretionary income in the Sunglasses Stores industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Men's sunglasses
    Women's sunglasses
    Prescription sunglasses
    Examples of brands in this Industry
    Sunglass Hut

    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
  • Consumer sentiment index
  • Real household discretionary income
  • Demand from online shopping
  • Trade-weighted index

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • 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
  • Health Insurance
  • Consumers

  • Key Selling Industries
  • Photographic and Optical Goods Manufacturing
  • Retail Property Operators

  • Products & Services
  • Women's sunglasses
  • Men's sunglasses
  • Prescription sunglasses
  • Other
  • Chart: Sunglasses Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • 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
  • Profit
  • Wages
  • Purchases
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Sunglasses Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sunglasses Stores Industry

  • Industry Globalization
    Major Companies
    Luxottica South Pacific Holdings Pty Ltd
  • Table: Luxottica South Pacific Holdings Pty Ltd - 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Lens
  • Sunglasses lenses are coloured, darkened or polarised to protect the eyes. Lenses are made of glass, plastic or special polarised material SR-91.
  • Point Of Sale (Pos)
  • An electronic payment system that incorporates a debit or credit card and a cash register in the same device.
  • Radio Frequency Identification (Rfid)
  • A wireless computer chip that tracks products through the supply chain and stores useful information about products.
  • Ultraviolet (Uv)
  • UV rays are emitted by the sun. Sunglasses absorbing UV rays to protect against potential harmful effects such as macular degeneration, cataracts and photokeratitis.
  • 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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