All Data & Analysis articles – Page 2
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News briefs
SightGlass Vision DOT lenses used by 1 million children
SightGlass Vision, the EssilorLuxottica and CooperVision joint venture, has announced that its Diffusion Optics Technology (DOT) myopia management lenses have been worn by one million children globally since the launch in 2021. The lenses are currently available in China, the Netherlands, Israel, Canada and Spain, with ongoing market trials in ...
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ArticleRay-Ban Meta drives 110% jump in global smart glasses shipment, AI polarization
Global shipments of smart glasses jumped by 110 percent year on year in the first half of 2025 according to new data from Counterpoint Research, an international research company focusing on high-tech markets. Counterpoint did not communicate a corresponding number of units, but it said in a previous report that ...
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News briefs
Research company puts Saudi Arabian eyewear market at $3.3bn in 2033
The Saudi Arabian eyewear market – including prescription glasses, contact lenses and sunglasses – is expected to grow from $1.9 billion in 2024 to $3.3 billion in 2033 according to a new report by Research and Markets. The value increase corresponds to a 6.4 percent compound annual growth rate. The ...
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ArticleTVC sees potential link between latest US eyewear purchase trends and tariffs uncertainty
A higher proportion of US eyeglasses consumers tended to limit the amount of their out-of-pocket expense when purchasing glasses, lenses or frames in calendar Q2, The Vision Council’s latest Consumer Insights report showed. In detail, 41 percent of US consumers spent less than $100 on their in-store eyeglass ...
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ArticleItaly Q1 eyewear exports fall 1.5% as industry braces for higher US tariffs
The value of Italian eyewear exports in the first quarter of 2025 fell by 1.5 percent compared to the year earlier to €1,427 million, as the market’s contraction deepened following a 0.6 percent fall in exports in 2024, according to data from eyewear trade association ANFAO. Italian exports of sunglasses ...
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ArticleHalf of eyewear companies’ stocks fully recovered since US 'reciprocal tariffs' announcement
We are updating here our quarterly stock price chart, looking at how eyewear companies’ stocks have recovered from the US “reciprocal tariffs” shock announcement on April 2. To this end, we are boldening in our table below the names of the twelve companies (out of 25) whose share price has ...
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ArticleInflation keeps driving the Brazilian optical market as eyeglasses volumes drop
The Brazilian optical retail value increased by 5.3 percent year on year to 26.9 billion reais (€4.2 bn), accelerating slightly from the previous year (+4.9 percent) according to the annual report of Abióptica, the Brazilian eyewear industry association. However, market dynamics across the different product categories varied sharply from 2023 ...
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ArticleInflation more than offset volume drops in the US optical market ahead of Trump tariffs roll out
The value of the US eyewear market increased by 7.5 percent year-on-year to $18.2 billion in Q1 2025, according to estimates by The Vision Council (TVC) in its latest inSights quarterly report (see table). The US eyewear industry association stressed that all segments achieved year-on-year value increases while volumes only ...
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ArticleSpanish optical market up 3% in 2024 despite flattish lens sales
The value of the Spanish optical market rose to €2,165 million in 2024 from €2,104 million in 2023 (restated from €2,021 million as announced a year ago) according to the annual report of FEDAO, the country’s federation of optical associations. Last year’s 2.9 percent growth marks a deceleration from 2023 ...
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ArticleGerman optical market up on sales mix and inflation as volumes inch further down
The value of the German optical market grew by 3.0 percent year on year to €6,975 million including VAT in 2024, according to the annual report of the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists. We are covering in this article some selected data ...
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ArticleAs wearers base stagnates, sales mix and price hikes drive the European contact lens market
According to Euromcontact, the European federation of national associations and international contact lens manufacturers, the soft contact lenses grew by of 7.1 percent to €2,328 million last year compared to 2023 in the “EMEA zone” which includes 25 countries in Europe plus a few others (South Africa, Turkey, Saudi Arabia, ...
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ArticleMixed feelings in Fukui over ‘Made in Japan’ eyewear amid export surge
Exports of Japanese eyewear products have strongly rebounded in recent years, lifted in part by the growing popularity overseas of the Made in Japan label, notably in the US and Europe. However, a recent survey, as well as an initiative by the Fukui eyewear industry association, shows mixed feelings over the country-of-origin label in the region. Meanwhile, the shortage of workers and the increasing number of subcontractors closing shop remain important challenges for the local industry.
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ArticleEyewear stocks down by 2% in Q1, and by 10% since April 2
We are publishing here with a slight delay our quarterly chart on the evolution of the stock prices of eyewear companies. The reason for us delaying this update was the scheduled announcement of US President Donald Trump’s new reciprocal tariffs on April 2, which was certain to impact stock markets ...
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ArticleAnnual 'smart glasses' market expected to grow to 17m units by 2029, research finds
Units sold jumped by 210 percent year on year to over 2 million in 2024, with Ray-Ban Meta holding a 60 percent market share, according to Counterpoint Research.
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News briefs
Eyewear purchasing cycles much slower in Canada than in the US, survey finds
The Vision Council has turned to Canada for its latest Consumer Insights report, whose findings are based on a survey of 3,052 individuals in the country in the second half of 2024. Among the interesting results shared by the US eyewear industry association, we learn that 52 percent of Canadians ...
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ArticleEyewear consumers seek value for money, digital channel gains importance but stores resilient
Consumers are still facing a challenging economic situation in Europe and the US, with “value for money” now being the priority for many people purchasing eyewear, according to an analysis of consumer trends in the eyewear markets of the US, Italy, France and Germany carried out by NIQ GfK in ...
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ArticleItalian eyewear exports edge down in 2024, industry looks to recovery in H2
The value of Italian eyewear exports edged down by 0.6 percent to €5.236 billion in 2024, as the sector showed resilience despite a steep drop in eyewear sales to the US, by far Italy’s largest single market, according to data released by the Italian eyewear association ANFAO. The value of ...
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ArticleNew report looks at US frames buyers criteria and habits
Focused inSights 2024: Frame Buyers, the latest report by The Vision Council, the US eyewear industry association, focuses on the motivations and choice criteria of US eye care professionals (ECPs) in their procurement of optical frames and sunglasses for their shop. The results are based on an online survey of ...
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ArticleSector market capitalization up 20% last year, boosted by Essilux
The total market capitalization of 25 stock-listed eyewear companies rose by 20 percent to €230 billion in 2024, with EssilorLuxottica and the rest of the Top 5 accounting for 90 percent of the growth.
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News briefs
UK optical retail market still below pre-COVID level, GfK finds
According to a GfK market report commissioned by the UK’s Optical Suppliers Association (OSA), the number of optical frames sold by optical retailers in the country is on track to reach 12 million units this year, with an average retail price of £78 (€95). “They have never recovered to pre-Covid ...
