Steady, sustainable growth continued to characterise eyewear in Canada during 2019. Overall, sales continued to be supported by the ageing population, which means more people who require vision correction.
With demand for eyewear already fairly mature among the existing consumer audience, much of the sales growth seen in the industry in 2019 was driven by the rising incidence of myopia and presbyopia among the Canadian population. It is becoming increasingly clear that the rising prevalence of myopia over the last decade is due to the dramatic increase seen in the use of electronic devices and the far less time being spent outdoors.
October 2018 saw the completion of the long-awaited merger between Essilor (the global leader in spectacle lenses) and Luxottica (the global leader in spectacle frames and sunglasses). This transaction created the outright leader in eyewear in Canada and at global level.
Few changes were seen in the retail distribution of eyewear in 2019, apart from the seemingly relentless rise of internet retailing. Optical shops remains the dominant source of eyewear and this is mainly because of the desire of consumers to consult with professional staff when buying corrective lenses and to try on a variety of frames when purchasing spectacles and sunglasses.
With the underlying demographic and lifestyle trends all positive for sales of eyewear, the industry is expected to continue recording moderate positive sales growth throughout the forecast period. In particular, silicone hydrogel daily disposable contact lenses are set to continue registering strong growth as growing numbers of consumers see them as safer, more convenient and more comfortable than frequent replacement contact lenses, for instance.
You have no recently viewed reports.
Why not browse through our Featured or Trending Reports to see what we have to offer?
This Euromonitor market report provides market trend and market growth analysis of the Eyewear industry in Canada. With this market report, you’ll be able to explore in detail the changing shape and potential of the industry. You will now be able to plan and build strategy on real industry data and projections.
The Eyewear in Canada market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our eyewear market research database.
Each report is delivered with the following components:
Market statistics: Excel workbook