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Learn moreAug 2020
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Even before mid-March, when COVID-19 and lockdown restrictions began to take hold in France, the performance of eyewear was weakening. First, changes to French legislation reduced reimbursement levels twice in a few years.
On 29 February 2020, gatherings of over 5,000 were banned in France, with all gatherings banned on 2 March. On 16 March, schools closed and full lockdown was implemented, with non-essential outlets closed.
The eyewear competitive landscape became increasingly consolidated due recent merger and acquisition activity. Most notable was the recent merger of Luxottica Group and Essilor International, which will allow the newly formed EssilorLuxotica SA to benefit from synergies.
Optical shops continued to account for the bulk of eyewear sales in 2019, but this channel was losing share to e-commerce – a trend accentuated by COVID-19, due to lockdown restrictions and consumers remaining at home. Many websites offer major eyewear brands at promotional prices, and some even offer eye health advice.
While contact lenses were gaining popularity prior to COVID-19, the disease may threaten contact lenses’ potential for growth in the short to medium term. Some bodies are encouraging consumers to wear spectacles, claiming they reduce the potential for contracting the virus via the eyes.
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This Euromonitor market report provides market trend and market growth analysis of the Eyewear industry in France. 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 France market research report includes:
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This industry report originates from Passport, our eyewear market research database.
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Market statistics: Excel workbook
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.