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Opticians in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Opticians Market Research Report | SIC G47.780 | Sep 2016

Clear contenders: Rising competition has constrained industry growth in recent years

IBISWorld’s Opticians market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Alliance Boots plc Alliance Boots plc market share
Specsavers Limited Specsavers Limited market share
Vision Express (UK) Limited Vision Express (UK) Limited market share
Industry Statistics & Market Size
Revenue
£4bn
Annual Growth 12-17
2.2%
Annual Growth 17-22
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Profit
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Employment
59,722
Businesses
4,523
Industry Analysis & Industry Trends

Operators in the Opticians industry fit and sell frames and prescription lenses, contact lenses and other eyewear accessories, and provide eye tests for consumers. The industry has exhibited relatively subdued performance over the past five years, with revenue contracting significantly in 2011-12 due to falling disposable income levels and weakening consumer demand at the start of the period. The emergence of new external competition from supermarkets such as Tesco and Asda has put growing pressure on the already saturated market for corrective lenses. The ‘special offer' culture in which operators and competitors alike discount heavily in order to attract customers has become common on the high street, placing enormous pressure on profit margins... purchase to read more

Industry Report - Industry Analysis Chapter

The Opticians industry has changed markedly over the past ten years. The performance of industry operators has been influenced by the economic downturn and subsequent recovery, the rising prevalence of online retailing, growing health consciousness and increasing external competition from supermarkets and department stores.

The industry suffered during the downturn due to falling real disposable income, while at the same time supermarkets expanded aggressively into the opticians market, offering discount prices and longer opening hours. Consequently, customers flocked to take advantage of supermarkets' wide and cheap product ranges at the expense of high-street opticians. Tho.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Opticians Industry?

Operators in this industry sell and fit prescription lenses, frames, contact lenses and other eyewear accessories from specialised stores. Opticians are trained to fit frames for customers and some also provide eye examinations. The industry excludes online retailers and in-store opticians in supermarkets.

Industry Products
FramesPrescription lensesContact lensesEye testsOther products
 
Industry Activities
Retail sale of prescription lenses in specialised storesRetail sale of framesRetail sale of contact lensesRetail sale of sunglasses and other eye accessoriesProvision of eye examinations


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