Out of sight: The rapid uptake of online shopping has supported solid revenue growth

The Online Eyeglasses and Contact Lens Sales market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.


Industry Analysis & Industry Trends

The Online Eyeglasses and Contact Lens Sales industry has benefited from operating in the rapidly expanding online retail space over the past five years. The internet provides shoppers with an array of retail options at varying price points, which has helped boost the uptake of online shopping. Early industry adopters have reaped the rewards of lower operating cost structures. Online eyewear retailers have been able to offer greater discounts on their products compared with their bricks-and-mortar counterparts, which typically have higher labour and utility costs.

Although Australia's ageing population makes up a key market for bricks-and-mortar stores, older demographics only account for a small portion of online sales...

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What is the Online Eyeglasses and Contact Lens Sales industry?

Despite the relatively small number of industry players, market share concentration for the Online Eyeglasses and Contact Lens Sales industry is low, with only one player commanding a market share in excess of 5.0%.

The existing large networks and strong reputations of incumbent operators increases the entry barriers for prospective industry participants. However, as the Australian industry is still in its infancy, new companies still have the opportunity to gain first mover advantages. Over the next five years, the trading landscape is expected to change substantially, with certain industry players set to capture larger shares of total industry revenue...

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Products & Brands

Major products in this industry
Contact lenses
Examples of brands in this Industry

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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