$16.3bn
$XXX.Xm
20,688
1,117
$X.Xbn
The Glasses and Contacts Wholesaling industry distributes prescription and nonprescription eyewear, optometric equipment and supplies to ophthalmologists, optometrists and opticians. Prior to the COVID-19 (coronavirus) pandemic, a healthy economy supported industry revenue growth. However, demand for industry products has decreased significantly due to the pandemic. Despite this setback, industry revenue has increased an annualized 0.3% to $15.2 billion while entering 203, including no change in revenue (0.0%) in 2023 alone.
Industry revenue has grown at a CAGR of 1.4 % over the past five years, to reach an estimated $16.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Essilorluxottica | 4,264.7 | 659.8 | 15.5 | |
ABB Optical Group | 1,652.4 | 122.1 | 7.4 |
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Industry revenue is measured across several distinct product and services lines, including Prescription eyeglasses , Contact lenses and Nonprescription eyeglasses . Prescription eyeglasses is the largest segment of the Glasses & Contacts Wholesaling in the US.
Wholesalers have provided a large selection of glasses
Glasses and contacts wholesalers sell eyeglasses, contact lenses, sunglasses, eyeglass frames and reading glasses to eye care professionals and retailers. This industry also includes distributors that resell professional equipment and instruments.
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NAICS 42346 - Glasses & Contacts Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Economic and demographic trends are influencing eyewear sales. Rising incomes and a growing number of adults 65 and older are behind rising spending on eyeglasses, strengthen...
Learn about an industry's products and services, markets and trends in international trade.
Sales of prescription glasses are wholesaler’s largest revenue source. Prescription glasses correct vision impairment for nearly 200 million Americans, explaining their steep...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Distribution networks near downstream markets lower transportation costs and shorten turnaround times. Proximity to downstream buyers makes wholesalers more responsive, suppo...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Shifting competitive dynamics are creating a more challenging environment. Manufacturers with direct-to-consumer channels and online eyewear sales are bypassing the wholesale...
Learn about the performance of the top companies in the industry.
EssilorLuxottica is the global leader in eyewear. The company’s vertical integration and global scale make it challenging for other wholesalers to compete.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Eyeglasses and contact lenses are regulated as medical devices. Wholesalers must adhere to FDA regulations regarding the distribution of any eyeglass frames, prescription len...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
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Including values and annual change:
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Key data sources in the US include:
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The market size of the Glasses & Contacts Wholesaling in the US industry in United States is $16.3bn in 2024.
There are 1,117 businesses in the Glasses & Contacts Wholesaling in the US industry in United States, which has declined at a CAGR of 1.4 % between 2019 and 2024.
The market size of the Glasses & Contacts Wholesaling in the US industry in United States has been growing at a CAGR of 1.4 % between 2019 and 2024.
Over the next five years, the Glasses & Contacts Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Glasses & Contacts Wholesaling market in United States are Essilorluxottica and ABB Optical Group
Purchasing merchandise from third-party suppliers and reselling it to retail or medical businesses and Storing merchandise in a location prior to distribution are part of the Glasses & Contacts Wholesaling in the US industry.
The company holding the most market share in United States is Essilorluxottica.
The level of competition is moderate and increasing in the Glasses & Contacts Wholesaling in the US industry in United States.