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Learn moreJul 2020
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The outbreak of COVID-19 is expected to lead to a reduction in eyewear value and volume sales in 2020 overall, as the UK government implemented necessary quarantines and social distancing measures to contain the pandemic in March. The decline for the year as a whole is mainly due to the forced closure of optical shops during the lockdown period, which resulted in a complete end to in-store sales, albeit temporarily.
On 16 March, large gatherings in the UK were banned, and the Prime Minister called on everyone in the country to stop all non-essential contact with other people. People were required to cease all unnecessary travel and to work from home where possible, while avoiding pubs, clubs, theatres and other social spaces.
The UK eyewear market remains concentrated in the hands of private label operators such as Specsavers Optical Group Ltd, Vision Express (UK) Ltd and Boots Opticians Ltd, all of which operate high-street retail outlets and sell their own brands through these, as well as branded companies, Luxottica Group UK Ltd and Essilor UK Ltd. The former is responsible for a range of premium brands, including Ray-Ban, Emporio Armani, Chanel, Dolce & Gabbana and Burberry sunglasses and spectacles, while the latter produces Crizal and Varilux spectacle lenses.
In terms of distribution of eyewear, e-commerce has seen an unprecedented rise in sales of eyewear since March 2020 and is expected to see a dramatic increase in value share during 2020 overall due to optical shop closures. Online stores were the only places able to sell eyewear during Q2 2020, which meant that those consumers that needed to buy spectacles, contact lenses and solutions and/or sunglasses turned to e-commerce as their only option.
The UK eyewear industry is expected to start to record volume growth again in 2021 and then throughout the forecast period assuming that the pandemic is contained in the second half of 2020, with spectacles and contact lenses benefiting from the increasing rate of myopia in the UK. Additionally, eyewear products – especially corrective spectacles – are considered a necessity by most wearers, so consumers will need to buy them, albeit opting for cheaper brands in order to save money.
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This Euromonitor market report provides market trend and market growth analysis of the Eyewear industry in United Kingdom. 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 United Kingdom market research report includes:
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This industry report originates from Passport, our eyewear market research database.
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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.