Eye Glasses & Contact Lens Stores in the US
Over the five years to 2019, the Eye Glasses and Contact Lens Stores industry has exhibited marginal growth as a result of robust consumer spending and an increasingly aging population. Rising per capita disposable income brought about by increasing corporate profit and below-average inflation has resulted in a strengthening consumer base. Over the five years to 2024, the industry is expected to continue expanding, as current trends are projected to continue. The US economy is expected to continue expanding over the next five years largely as a result of corporate tax cuts, low interest rates and subdued inflation. However, what remains to be seen is the fate of the Patient Protection and Affordable Care Act under the current administration.
Establishments in this industry sell eye glasses, contact lenses, sunglasses, safety eyewear and optical accessories. These retail stores may also provide fitting and lens processing services. The industry excludes the manufacture of lenses, online and mail-order retail of optical goods and sales at optometrists’ offices.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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