Eye Glasses & Contact Lens Stores Industry AnalysisIdentify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.
|Contents||Standard Report||Premium Report|
|Industry Overview & Outlook|
|Revenue per State|
|Salary & Compensation Benchmarks|
|Industry News & Innovators|
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2018 Market Analysis & Industry Outlook: Eye Glasses & Contact Lens Stores
Overview: the U.S. Eye Glasses & Contact Lens Stores Industry
This section provides answers to key questions about the industry:
- What is the total market size (industry revenue)?
- What is the industry outlook?
- Market Analysis: Is the market growing or declining, and how quickly?
- Are long-term forecasts positive or negative?
- What is the average company size in the industry?
- How many companies are in the industry?
Market Size & Industry Statistics
The total U.S. industry market size for Eye Glasses & Contact Lens Stores:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
|Statistics||2012 2013 2014 2015 2016 2017|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2017||2018||2019||2020||2021||2022|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Product & Services BreakdownResearch products and services in the Eye Glasses & Contact Lens Stores industry generating sales. Note that products are broken into categories with different levels of classification.
|Product Description||Number of Companies||Sales ($ millions)||Percent of Total Sales|
Optical Goods, Including Eyeglasses, Contact Lenses, Sunglasses.
Nonprescription Eyeglasses & Sunglasses
All Other Optical Goods & Accessories
All Nonmerchandise Receipts
Fees From Eye Examinations
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Eye Glasses & Contact Lens Stores Industry Price TrendsRise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Eye Glasses & Contact Lens Stores companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Industry Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Eye Glasses & Contact Lens Stores company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry Average|
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Eye Glasses & Contact Lens Stores industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Eye Glasses & Contact Lens Stores measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|Measure how quickly products and services sell, and effectively collections policies are implemented.|
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||2%|
|Healthcare Practitioners and Technical Occupations||35%|
|Health Diagnosing and Treating Practitioners||13%|
|Health Technologists and Technicians||22%|
|Health Practitioner Support Technologists and Technicians||19%|
|Sales and Related Occupations||43%|
|Supervisors of Sales Workers||7%|
|First-Line Supervisors of Sales Workers||7%|
|First-Line Supervisors of Retail Sales Workers||7%|
|Retail Sales Workers||35%|
|Office and Administrative Support Occupations||10%|
Eye Glasses & Contact Lens Stores Industry Market Share [PREMIUM]Largest companies in the industry and related industries, with private company revenue estimates.
|National Vision Holdings|
Additional companies, details and innovation scoring in the full report.
Latest Industry News
- Global Contact Lenses Market industry Analysis, trends and Forecast to 2021 - (EMAILWIRE.COM, January 10, 2018 ) According to the report Global Contact Lenses Market published ... wider range of products, growth in eye disorder, and consumers’ preference for lenses over glasses. Additionally, consumer group, specifically ... (01/10/2018)
- 6 Things to Know When Buying Glasses Online - If it doesn't, contact your eye ... the store's return policy and warranty. Some retailers won't allow you to return prescription lenses, while others offer generous return windows. When ordering online without the opportunity to try your glasses on ... (01/09/2018)
- Vision quest: Where to save on eyeglasses and contacts in the Twin Cities - For example, Warby Parker offers $95 single-lens glasses in funky ... Checkbook shopped for glasses and contacts at a sample of internet stores. For eyeglasses, prices at almost all of the online retailers it shopped were substantially lower than surveyed ... (12/30/2017)
- Shared vision: a new luxury eyewear brand with an impeccable pedigree - The choice of silhouette, frames and lenses helps define your place in the sprawling ... Meanwhile, Garrett’s first venture, in 2009, was a lifestyle concept store in Venice Beach selling eyewear with vintage Oliver Peoples frames alongside books ... (12/29/2017)
- Global Vision Care Market (Eye Glasses and Contact Lenses) - Strategic Assessment and Forecast 2017 - 2022 - With the increased penetration of internet, the sale distribution of eyeglasses and contact lenses through online stores is expected to increase impressively during the forecast period. The rise of online stores as a distribution channel of vision care ... (11/30/2017)
- 14 Secrets for Saving on Eyewear - Eyeglasses and contact lenses are a necessity for more than 150 million ... to you so you can determine where you’ll get the best deal for your money. Call your eyeglass store of choice to inquire about whether they currently have any coupons or deals ... (09/15/2016)
- How to save hundreds on eye tests, glasses and contact lenses - Eye tests, glasses and contact lenses are unavoidable expenses ... including prescription lenses, in store or online. The price of contact lenses can range vastly, with the same brand costing much more depending on where, and how much, you buy. (01/24/2014)
- Research and Markets: Eye Glasses & Contact Lens Stores in the US - Favorable Demographics and Demand for Luxury Brands will Drive Growth - has announced the addition of the "Eye Glasses & Contact Lens Stores in the US" report to their offering. Healthcare reform and favorable demographic changes will benefit the industry in the years to come. The aging US population will continue to drive ... (08/09/2013)
- Glasses vs. Contact Lenses - Advertisement Let's start by estimating the amount of plastic that goes into a pair of contact lenses and a pair of eyeglasses. According to data collected in the early 2000s by Eurolens Research—an industry consulting group based at the University of ... (01/12/2010)
Government ContractsIn 2016, the federal government spent a total of $462,128 on Eye Glasses & Contact Lens Stores. It has awarded 43 contracts to 14 companies, with an average value of $33,009 per company.
Top government vendors:
|Company||Federal Contracts||Total Award Amount|
Growth Opportunities / Competitive ThreatsCompanies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Eye Glasses & Contact Lens Stores to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.
The following industries are competing channels for sales of similar products/services.
Optical Goods, Including Eyeglasses, Contact Lenses, Sunglasses
|Competing Industry||Sales Relative to Eye Glasses & Contact Lens Stores||Opportunity/Threat|
|Warehouse Clubs, Supercenters & Big Box Retail||Competing industry|
|Family Clothing Stores||Competing industry|
|Mail-Order Houses||Competing industry|
Sales from other industries of Optical Goods, Including Eyeglasses, Contact Lenses, Sunglasses are less than those from Eye Glasses & Contact Lens Stores. This may mean that other channels are a competitive risk of increasing their Optical Goods, Including Eyeglasses, Contact Lenses, Sunglasses sales, taking market share from this industry.
Optical Goods, Including Eyeglasses, Contact Lenses, Sunglasses Product Sales Report
Segments classified within this market research reportThis industry market research report includes companies whose primary business is any of the following:
Sunglass stores, Optical goods stores (except offices of optometrists), Lens grinding, ophthalmic, in retail stores, etc.