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UK Opticians Retailing
Verdict Research Limited, Feb 2011, Pages: 65
Following the market shrinking by 1.9% in 2009, the opticians market has rebounded to grow by 0.2% in 2010, to be valued at £2.52bn. While growth is set to become stronger over the next five years, the market will face a number of challenges, such as the growing presence of non-specialists in the sector and fewer opportunities for physical expansion.
Scope:
Market size, sales and growth rates for the overall opticians market and its component parts 2000 to 2011. Forecast for the overall market up to 2014.
Analysis of the key issues impacting the opticians market, highlighting potential opportunities and how to overcome possible threats.
Detailed analysis of the sector's main players with coverage of recent key events and analysis of financials, market shares and overall performance.
Highlights:
In 2009 the opticians market contracted by 1.9%, as shoppers looked to cut back on discretionary spending during the downturn. Shoppers looked for cheaper options such as using contact lenses instead of glasses, to improve cash flow, and taking an NHS test instead of a private test.
The 0.2% growth rate in 2010 is the first step in a recovery which will gather momentum over the next five years. Despite this, growth rates will remain below that seen prior to the downturn. Customers have now become more demanding and are actively looking for the best value for money. Therefore offering high levels of service will become pivotal.
The new joint venture between Alliance Boots and D&A will pose a significant threat to Specsaver's market leading position. The retailer now has a similar level of scale to Specsavers and has combined the offers of the two fascias to create a more robust proposition.
Reasons to buy:
What is the size of the UK opticians market and how will it perform up to 2014?
How have different parts of the market performed during the downturn? What are the reasons behind this?
What are the threats and opportunities available to the major specialists within the market?
What pressures are smaller independent retailers currently under and how can they overcome them?
Is the current strategy of robust expansion sustainable going forward and what changes may need to be made to maintain growth?
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