NAICS 44613 - Optical Goods Stores
This industry comprises establishments primarily engaged in one or more of the following: (1) retailing and fitting prescription eyeglasses and contact lenses; (2) retailing prescription eyeglasses in combination with the grinding of lenses to order on the premises; and (3) selling nonprescription eyeglasses.
Industry trends:
The optical goods stores industry (NAICS 44613) is currently experiencing several qualitative trends driven by technological advancements and changing consumer behaviors. One notable trend is the increasing adoption of augmented reality (AR) and virtual try-on solutions. These technologies enable customers to virtually try on glasses through their smartphones or computers, enhancing the online shopping experience and reducing the need for physical store visits.
Another significant trend is the growing consumer demand for customized and personalized eyewear. Advances in digital manufacturing and 3D printing have made it easier for optical goods stores to offer tailored eyeglasses and lenses, catering to individual preferences and needs. This trend is particularly appealing to younger consumers who value unique and bespoke products.
Sustainability is also becoming a key consideration in the optical goods industry. Consumers are increasingly looking for eco-friendly eyewear options made from recyclable or biodegradable materials. Companies that prioritize sustainability and transparent supply chains are likely to gain a competitive edge in the market.
In terms of forecasts, the near future is expected to see continued growth in e-commerce sales for optical goods, driven by convenience and the proliferation of online tools for eye exams and prescriptions. Additionally, demographic shifts, such as an aging population and increased screen time among all age groups, will likely boost demand for vision correction products.
Overall, optical goods stores are poised for a transformation characterized by technological integration, personalized offerings, and sustainable practices, positioning the industry for growth and innovation in the coming years.
This industry is comprised of:
Lens grinding, ophthalmic, in retail stores
Optical goods stores (except offices of optometrists)
Sunglass stores
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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