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The latest insights and analysis about the international eyewear market including market sizes, growth, drivers and trends on a country, regional and global level.
Global personal luxury goods seen down 23% this year
Global sales of personal luxury goods are estimated to fall by 23 percent this year to €217 billion, with constant currency sales down by 22 percent. It will be the first drop since the financial meltdown of 2009, according to the Altagamma-Bain Worldwide Luxury Market Monitor 2020.
Altagamma predicts 20 percent drop in global luxury goods sales this year
Global sales of luxury goods are forecast to fall by 20 percent this year, with Europe most affected. It could take until 2023 to return to 2019 levels, according to forecasts by Altagamma and the consultancy Bain & Company.
Italy's eyewear industry may have lost half its revenues with the Covid-19 crisis
The Italian eyewear industry, especially smaller companies, may have lost about 50 percent of its revenues as the Covid-19 pandemic has been spreading worldwide, leading to about half of humanity being placed in quarantine, pointed out Giovanni Vitaloni, president of the Italian manufacturers’ association Anfao, in an exclusive interview with ...
The German industry projects a drop of 23 to 34%
Spectaris, the German ophthalmic industry association, conducted an online survey among members of the German industry in mid-April. According to the report, 90 percent of the participating companies said that they had received fewer orders in the previous weeks, 75 percent said that their economic situation had worsened due to ...
The German optical retail market grew by 3.8% in 2019
ZVA, the German association of opticians, published a report on the German ophthalmic optics market on April 27. ZVA reported that the German optical retail market increased by an estimated 3.8 percent to €6.5 billion in 2019, as compared to the previous year.
Suppliers help opticians in the U.S.
More than 75 percent of U.S. opticians consulted by the Vision Council said they were receiving some form of support from their suppliers in a survey conducted between April 8 and 11, up from 31 percent in a previous survey on March 24-27. Details about the kind of support could ...
German independents outperformed in Europe in 2019
Independent opticians performed particularly well in Germany in the past year. According to GfK, the German market enjoyed strong growth in Europe, rising by 5.5 percent to €5.8 billion at the retail level, compared with increases of 1.4 percent in France and 1.1 percent in Spain and a decrease of ...
The European contact lens market rose by 4.3% in 2019
The contact lens market in 33 European countries rose by 8.8 percent in 2019 to €1,960 million, according to data released by Euromcontact, which represents the contact lens and lens care industry in Europe. On a comparable basis, the growth was limited at 4.3 percent, as the organization was not ...
