The U.S. Eyewear Market: Prescription and Nonprescription Lenses, Sunglasses, Contact Lenses, and Frames, 2nd Edition
Published By: Packaged Facts
June 2009
R567-781
Online Download $3,300.00 Global Site License $6,600.00 Hard Copy Mail Delivery $3,700.00 (Subject to Shipping Charges) Online Download plus 1 Hard Copy $4,100.00 (Subject to Shipping Charges)
Description
In the past, the eyewear industry was more or less insulated from economic downturns, as eyewear was deemed a stable commodity product. That changed as eyewear grew into a fashion product and more prone to the whims of consumers and the ups and downs of economic markets. The big question is whether consumers will purchase fashionable brand name eyewear in the midst of an economic crisis as seemingly more pressing demands are at hand. Eyewear stores across the United States had already seen the effects of the economic downturn with many stores reporting significant drop offs in store traffic at the end of 2008. And by the end of first quarter 2009, some underperforming stores had been closed and manufacturing plants were idled.
Though the market for eyewear in the U.S. grew at an annual rate of eight percent between 2004 and 2008, growth in 2008 was much more subdued at less than four percent. For the eyewear industry, an ongoing consumer paradigm shift in attitudes towards more frugality and less conspicuous consumption means high-flying fashion brands may suffer at the expense of less expensive alternatives. But can the major marketers and retailers adapt?
The U.S. Eyewear Market: Prescription and Nonprescription Lenses, Sunglasses, Contact Lenses, and Frames, 2nd Edition examines these questions and others by looking at the current market, trends, major brands, and consumer preferences. The report presents concise, thought provoking analyses of various aspects of the eyewear industry and provides a forecast for the market through 2013.
Report Methodology
The information presented in this report was obtained from primary and secondary research. Primary research entailed on-site examination of eyewear products in retail stores and consultations with eyewear industry observers and executives. Secondary research involved canvassing information and articles appearing in financial, marketing, and trade publications, company literature, and independent research reports, plus reviews of websites, blogs and readers’ comments posted on these sites.
Other sources consulted for The U.S. Eyewear Market were the U.S. Census Bureau’s Economic Census (1997, 2002, and 2007), Annual Survey of Manufacturers, Advanced Monthly Sales for Retail and Foodservice and the Annual Retail Trade Survey. Other market data sources included the U.S. Bureau of Economic Analysis (BEA), the U.S. Bureau of Labor Statistics (BLS), and the U.S. International Trade Commission (USITC).
The analysis of consumer behavior and demographics is based on data from the Simmons Market Research Bureau (New York NY) Spring 2008 and Summer 2008 Study of Media and Markets, which is based on the responses of over 20,000 adults age 18 and over.
About the Author
Cogitamus Consulting is a branding and market research boutique in NYC that's all about hard work, imagination and common sense. Working with our clients, we custom tailor solutions and provide creative, thought-provoking analysis that address the most pertinent questions facing marketers, through general business consulting, white papers, and branded product concept and strategy development.
Table of Contents
Chapter 1: Executive Summary
Report Scope
Report Methodology
Categories and Products
Market Size & Growth
Global Eyewear Retail Market Dims 3%
Figure 1-1: Global Retail Eyewear Market, 2004-2008 (in millions $)
U.S. Retail Eyewear Market
Figure 1-2: Total Retail U.S. Eyewear Market and Percent of Total Global Retail Market, 2004-2008 (in millions $)
Retail is Major Point of Sale
Figure 1-3: Share of U.S. Retail Eyewear Market by Major Type of Business, 2008 (%)
Eyewear Sales by Product Category
Figure 1-4: Share of U.S. Retail Eyewear Market by Major Eyewear Type, 2008 (%)
Market Forecast
Global Market Growth at 1.4% Through 2013
Figure 1-5: Global Retail Eyewear Market Forecast, 2008-2013 (in millions $)
U.S. Retail Eyewear Market
Figure 1-6: Total U.S. Retail Eyewear Market and Percent of Total Global Retail Market, 2008-2013 (in millions $)
Competitive Landscape
Overview
Top Eyewear Companies Worldwide
Figure 1-7: Share of Global Wholesale Eyewear Market by Manufacturer, 2008 (%)
Top U.S. Retail Eyewear Companies
Figure 1-8: U.S. Eyewear Retailers’ Market Shares, 2008 (%)
Marketplace and Consumer Trends
Down Economy Means Thriftier Consumer
Fashion Industry Feeling the Pinch
Figure 1-9: Quarterly Clothing and Clothing Accessory Store Sales, 1992-Q1, 2009 (in billions $)
Expensive Branded Eyewear May Suffer
Consumers Not Vested in Eye Health
Managed Vision Care Influencing Purchases
Boomers Are Key Target Market
Kids’ Eyewear Important Too
Company Ethics and Added Values Important to Consumers
Recessionary Slump in Travel Will Impact Travel Purchases
Global Warming Means the Sun Will Shine Even Stronger
Counterfeiting, a Dangerous Business
Innovation and Design Trends
Choice Enables Constant Consumer Evolution of Me
More than Function and More than Fashion
Classic Styles Return
Logo a No Go
Designers, and Others, Seek Opportunity in Eyewear
Complementary Eyewear Category to Attract New Consumers
Technological Innovation Spurs New Products
Marketing Outreach
Opportunities for Marketers to Engage Loyal Consumers
LensCrafters’ Campaign Pulls the Right Heart Strings
Integrate, Integrate, Integrate
Bausch & Lomb’s Presbyopia Outreach Integrated Plan
Couponing Coming Back Strong Through Internet
Internet Main Place for Printable Coupons
Make Use of Alternative Medias
Doesn’t Need to be Flashy, Practical Works Too
Behavioral Targeting in Diverse Consumer Market
Product Placement Opportunities Abound
Away from Fashion to Health and Beauty
Rental Therapy, not Retail Therapy
Word-of-Mouth: Added-Value for Marketers and Consumers
Personalization, Control, Choice and Flexibility
The Consumer
Prescription Eyewear Penetration Levels at 59%
Figure 1-10: Consumer Penetration of Prescription Eyeglasses and Contact Lenses, 2003-2008 (%)
Wal-Mart Stealing Penetration Share
Table 1-1: Retail Locations for Consumer Purchases of Eyeglasses and Contact Lenses, 2003-2008 (%)
Selected Demographic Profiles: Optometrist versus Wal-Mart
Prescription Eyeglasses: Changeable Tint on Upward Trend
Table 7-11: Penetration of Prescription Contact Lenses, 2003-2008 (%)
Hard Lenses on the Way Out
Table 7-12: Penetration of Prescription Contact Lenses (Bought in Last 12 Months), 2003-2008 (%)
Consumer Demographics by Type of Contact Used
Disposable Users Skews Young Professional
Table 7-13: Disposable User Demographic Characteristics, 2008 (index)
Soft Users Even Younger
Table 7-14: Soft User Demographic Characteristics, 2008 (index)
Extended Wear Users Popped for Children in Household
Table 7-15: Extended Wear User Demographic Characteristics, 2008 (index)
Slight Differences in Colored and Hard Lens Users
Table 7-16: Colored or Tinted User Demographic Characteristics, 2008 (index)
Table 7-17: Gas Permeable/Hard Wearer Demographic Characteristics, 2008 (index)
Sunglasses: Women Slightly More Involved
Table 7-18: Penetration of Men’s and Women’s Non-Prescription Sunglasses (Bought in Last 12 Months), 2004-2008 (%)
Women Who Have Purchased Two Pairs in Past 12 Months Highest Penetration
Table 7-19: Penetration of Women’s Sunglasses, Number of Purchases in Last 12 Months, 2004-2008 (%)
Table 7-20: Consumer Penetration of Men’s Sunglasses, Number of Purchases in Last 12 Months, 2004-2008 (%)
Consumer Demographics of Sunglass Users
Table 7-21: Sunglass User Demographic Characteristics, Men and Women, 2008 (index)
Consumer Agreement with Select Attitudinal Statements
Style a Motivating Factor, More so for Women
Lack of Insurance an Issue for Hispanics and Blacks
One-Third Spending Less on Eyewear
Education a Factor in Medical Procedures
Table 7-22: Consumer Agreement with Selected Attitudinal Statements, 2008 (%)
Table 7-23: Top Demographic Characteristics of Consumers Who Agree with the Statement: Style Glasses Is As Important As Function, 2008 (index)
Table 7-24: Top Demographic Characteristics of Consumers Who Agree with the Statement: My Insurance Limits Choices I Can Make, 2008 (index)
Table 7-25: Demographic Characteristics of Consumers Who Agree with the Statement: I am Buying Less Expensive Eyewear Because Of Economy, 2008 (index)
Table 7-26: Demographic Characteristics of Consumers Who Agree with the Statement: Medical Innovations Are a Better Solution Than Glasses, 2008 (index)
Appendix: Addresses of Selected Marketers
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PUBLICATION: The U.S. Eyewear Market: Prescription and Nonprescription Lenses, Sunglasses, Contact Lenses, and Frames, 2nd Edition
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Online Download
$3,300.00
Global Site License
$6,600.00
Hard Copy Mail Delivery (Subject to Shipping Charges)
$3,700.00
Online Download plus 1 Hard Copy (Subject to Shipping Charges)