Detailed content of our market study

Inforamtion

Number of pages : ~ 40 pages
Format : Digital and PDF versions
Last update : 19/05/2023

Summary and extracts

1 Market overview

1.1 Definition and presentation

Optics covers all the equipment worn by individuals to improve their natural vision. These include optical glasses, sunglasses and contact lenses. It should be noted that not all these segments necessarily follow the same seasonal pattern, with sunglasses sales peaking sharply in the summer months.

Globally, the optical market is driven by several structural factors that underpin demand. First and foremost, the world's growing population is creating additional demand for optical products, with growth concentrated in emerging countries. In developed countries, the use of screens from a very early age and living conditions are leading more and more young adults to develop myopia and to buy glasses. What's more, European countries are seeing their populations age, which further increases demand.

In Spain, the optical market is divided between eyewear production (prescription, sunglasses, contact lenses) and eyewear distribution, which can involve very different companies. The main optical distributors in Spain are : Alain Afflelou, Opticalia, Soloptical, Multiópticas and Visionlab, and the three cities with the most distributors are Madrid, Barcelona and Valencia. [Limon Data]

2 Demand analysis

3 Market structure

4 Offer analysis

5 Regulations

6 Positioning the players

List of charts presented in this market study

Optical market size
Proportion of the population wearing glasses and contact lenses
Optical sector sales
Breakdown of sales by product type
Foreign trade in optics
Main countries supplying optics by value
Main optics customer countries by value
Number of industry professionals
Breakdown of establishments by type
Breakdown of sales by type of establishment
Number of plants
Optical expenses per person
Price trends for corrective lenses
Price trends for prescription glasses (corrective lenses + frames)
Sunglasses price trends
Hospitals with the best reputation for the ophthalmology specialty
Where do you carry out your eye examinations?
Main vision problems among Spaniards
Age-related vision problems
Do you usually use a vision correction system?
Growth in the number of people wearing glasses
Wearing eyeglasses according to age
The different types of glasses
Frequency of eyewear purchases
Trend in the number of sunglasses sold
Evolution of the contact lens population
Age-related lens wear
Gender-specific lens wear

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Latest news

BBGR boosts Seine-et-Marne capacity by 30% to keep pace with growth in Nikon optical lenses - 30/03/2024

- BBGR is a subsidiary of EssilorLuxottica.
- The company has specialized in optical lenses for over 170 years.
- BBGR will increase capacity at its Provins site by 30% from April.
- The Provins site employs 235 people.
- The aim of this capacity increase is to meet strong demand for Nikon lenses, produced at Provins since 2016.
- Since 2016, volumes of Nikon lenses manufactured at Provins have increased 15-fold.

Krys Group puts the finishing touches to the modernization of its Bazainville plant - 08/03/2024

-Investment in expansion and modernization program: 23 million euros
- Post-renovation manufacturing capacity increase: 30%
- Planned production capacity: 1.8 million units per year
- Krys Group sales in 2023: €1.265 billion
- Number of associates: around 900, representing 1,600 points of sale
- Supplying around a thousand independent opticians
- Krys Group plans to open 400 additional stores by 2028.

EssilorLuxottica passes the €25 billion sales mark - 15/02/2024

In 2023, the company spent 1.7 billion euros on R&D between 2020 and 2022, in particular to develop connected and/or hearing glasses. Before the summer, the company will inaugurate an optics laboratory (300 employees) in Wissous (Essonne). In the second half of 2024, its first hearing glasses will be marketed in the United States.
The product potentially concerns the 1.25 billion people affected by mild hearing loss.
To integrate a miniature hearing aid into a pair of glasses, the company acquired the Israeli start-up Nuance in 2022.
Its brand portfolio has expanded to include Moncler, Jimmy Choo, Brunello Cucinelli and Ferrari licenses.
18,000 directly-operated stores in 150 countries, including 1,000 in France.

Krys group: innovations for the ecological transition - 06/02/2024

Codir, a subsidiary of Krys Group, grouping together its industrial and logistics activities, will produce 1.4 million lenses by 2021
The subsidiary employs 330 people
Krys Group generates sales of 1.2 billion euros, and has 1,533 stores in France, as well as around 50 in Belgium, Poland and Morocco.
With its two other banners, Le Collectif des lunetiers and Lynx Optique, the Group has a 16.5% market share in France.
Its ambition is to open a further 400 outlets by 2028.
Over the past ten years, it has expanded into the hearing sector, with 277 centers.

EssilorLuxottica integrates a hearing aid into its glasses - 09/01/2024

Launch of "Nuance" glasses that act as hearing aids.
Microphones camouflaged in the frames enable the wearer to concentrate on and amplify the voice of the person speaking
First equipment with virtually invisible hearing aids
While 1.6 billion people worldwide suffer from hearing loss, this figure is expected to rise to 2.5 billion by 2050
Nuance Audio glasses, which will be available in three models, will be sold by hearing aid practitioners, in EssilorLuxottica's distribution network (18,000 stores) and on the Internet.
Acquisition of Israel-based Nuance Hearing, which has developed a small tabletop device that amplifies sound

Afflelou innovates: discount, private labels and teleconsultation - 04/12/2023

Brand stores grew by 5% in the fiscal year to July 31, to 876 million euros, of which 64% in France, 26% in Spain and 10% in other countries such as Switzerland and Belgium.
In France, performance in the optical sector was 6.4%, outperforming the market, which grew by 4.1%.
The family increased its shareholding to 30% with the purchase of the Apax Partners fund's stake.
Optical eyewear accounts for 92% of sales, while hearing aids account for just 8%.
Of the group's 1,440 outlets, 510 are equipped with a dedicated hearing aid area.
The company has set up teleconsultation booths in 180 stores, with 10,000 teleconsultations to be carried out by 2023.
Prescription optical sales account for 82% of business.
An identified potential of 150 new units in France and 75 in Spain, and an increase of 45 openings in one year.
Afflelou's own-brand products already account for 60% of the offering.

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

CECOP

Générale d'optique (GrandVision)

Essilor Luxottica groupe

Afflelou

Krys Group

Optical Center

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