All Data & Analysis articles – Page 2
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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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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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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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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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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
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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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.
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ArticleA majority of stock listed eyewear companies saw their share value decline in Q2
Stock listed eyewear companies have seen their share value increase by 4.3 percent on a non-weighted average basis in the second quarter of 2024, improving slightly from the 1.6 percent increase observed in Q1. The industry average outperformed the MSCI World Index, which includes 1,500 companies worldwide and grew by ...
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ArticleThe new reality of the Russian eyewear market
Over the last few years, the Russian eyewear market has experienced a rollercoaster ride, with occasional supply disruptions, price swings, growing dependence on China and a rise in the share of counterfeit goods and “grey imports.” The Russian eyewear market has nearly doubled between 2017 and 2021, a study by ...
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ArticleBrazilian optical retail market value up 5% in 2023
The Brazilian optical retail market value grew by 4.9 percent year-on-year to 25.6 billion reais (€4.4bn) in 2023 according to the annual report by Abióptica. The data was calculated based on a survey by Cielo, a credit card service company, at optical stores. It does not include online sales. Founded ...
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News briefs
Top US retailers doubled growth pace last year
The 50 largest US optical retailers increased their sales by 8.0 percent year-on-year to an estimated $21.0 billion with 16,369 shops, according to the annual report by Vision Monday. This marks an acceleration from 2022 where their combined revenue was up by 4.0 percent versus 2021. Vision Source, the retail ...
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ArticleMost top industry players maintained momentum last year, but frames companies slowed down
We are publishing here for the second time an industry-wide table showing the year-on-year revenue and profitability performance of most large companies in the eyewear sector in their last fiscal year. For most of them, the fiscal year corresponds to the 2023 calendar year. Exceptions include Japanese-based companies (fiscal year ...
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ArticleSpanish optical market up by 6.0 percent in 2023
The Spanish optical market value grew by 6.0 percent year-on-year in 2023 according to the “Libro Blanco de la Visión”, the annual report by FEDAO, the national federation of optical associations. Accelerating slightly from the previous year (+4.4 percent versus 2021), the Spanish market ended 2023 with a value of ...
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ArticleVision Council switches 2024 US market forecast to “growth” after positive Q1
The Vision Council has improved its total US optical market value forecast for 2024 after its Market Insights Q1 2024 report showed increased spending and a higher number of eye exams by US consumers since the start of this year. The optical industry association is now expecting a 0.68 percent ...
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ArticleGerman optical market slightly positive in 2023 despite declining volumes
The German optical retail market value increased by 1.4 percent year-on-year to €6,763 million including VAT in 2023 according to the annual report of the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists. We are publishing in this article a short selection of the data ...
