All Data & Analysis articles – Page 2
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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 ...
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ArticleThe Baltic eyewear market rebounds, but long-term outlook is vague
The eyewear market in the Baltic countries has significantly rebounded after a dip in 2020, with large retail groups increasing their market share. However, challenges related to the region’s depopulation remain.
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ArticleVolume and price effects propel the French optical market over the €8 billion mark, report says
According to the latest report by the French national research and statistics office (DREES) on healthcare expenses in the country, the French optical market value jumped by 8.0 percent in 2023, topping €8 billion for the first time. It has grown by almost 30 percent since 2023. Optical expenses accounted ...
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News briefs
US optical market Q3 data confirms consumers preference for budget-friendly options
Sales of prescription products and reading glasses in the US increased in volume from Q2 to Q3 2024, but they slightly declined in value according to the latest iteration of The Vision Council’s Market Insights report. This confirms that American consumers are increasingly opting for budget-friendly options according to the ...
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ArticleJapan optical retail market value inch up on cautious price hikes
The IOFT eyewear trade show, which took place in Tokyo from Oct. 15 to 17, was the opportunity for us to assess the dynamics of the Japanese eyewear market, in collaboration with Gankyo Publishing, a local B2B eyewear publisher and research company. The eyewear show itself was this year again ...
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ArticleUS consumers increasingly opt for budget eyewear in stores, survey finds
Commenting the results of its most recent quarterly survey, The Vision Council, the US eyewear industry association, stressed that in-store customers were increasingly opting for spending less than $100 out-of-pocket for their eyewear purchase, confirming the shift away from luxury eyewear that has been the trend in the country in ...
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News briefs
Optical retail sales up 2.4% in the last year in France, research shows
Sales of French optical retailers were up by 2.4 percent year-on-year for the twelve-month period to endING in August 2024, according to a new report released by Xerfi, a research company, and the Rassemblement des Opticiens de France (ROF), the association of French opticians. Published regularly, the research is based ...
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ArticleIndustry stocks inched up in Q3, driven by contact lens companies
The share price of stock-listed eyewear companies increased by 1.5 percent in the three-month period ended Sept. 30, underperforming the MSCI World Index which includes 1,500 companies worldwide across different sectors and grew by 6.7 percent. As usual, however, our quarterly eyewear industry-specific average is calculated on a non-weighted average ...
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News briefs
Sales of prescription products decline sequentially in the US in Q2
Q2 sales of prescription products in the US were down both in volume and value versus the previous quarter, while the market for sunglasses and readers went up, the Vision Council said. These trends followed the results of its quarterly Market inSights report, which is based on transaction data. However, ...
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ArticleUkraine eyewear market partly bounces back amid ongoing challenges
The Ukrainian eyewear market has partly rebounded from its 2022 drop following the start of the war with Russia despite severe supply chain disruptions. However, uncertainties and challenges remain, notably related to the workforce shortage and power outages.
