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Learn moreJul 2019
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Eyewear continued to see current value growth in 2019, with increases seen by all categories. The improved economic climate in Spain was a major factor in the more promising performance of eyewear in this year.
Cheaper eyewear products are becoming more popular in Spain. Consumers are constantly looking for ways to achieve the best value for money in all areas of their lives, despite the recovery of the economy, as Spaniards are increasingly allocating more resources to experiential activities.
Although Luxottica and Essilor have merged at a global level to form EssilorLuxottica, they continue to operate as separate entities at a local level. Luxottica Ibérica and Essilor España remain the two leaders in eyewear in Spain in value terms, with both seeing further increases in their value shares.
Spaniards still have to go to an optical store (with a certified optician) or an ophthalmologist in order to get eye care products which require individual adaptation. Both spectacles and contact lenses are regarded as productos sanitarios (health products) in Spain, and because of this their distribution is regulated by Spanish legislation, particularly Royal Decree 1591/2009, which was passed in October 2009.
Eyewear is expected to continue to see current value growth in the forecast period, with the CAGR set to be even faster than that seen in the review period. Growth is expected in all categories, although contact lenses and solutions and spectacles are expected to see the highest growth.
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This Euromonitor market report provides market trend and market growth analysis of the Eyewear industry in Spain. 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 Spain 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.