Even if luxury spectacle frames start to recover value sales towards the end of 2021, this will not be sufficient to prevent a further small decline in 2021 and will certainly not offset the drop of 2020. The category suffered from optician closures during the lockdown period and many subsequently remained closed for an extended period, despite being permitted to open, for safety reasons.
After its collapse in 2020, luxury sun glasses will see small growth but will fail to recover sufficiently in 2021. The category continues to suffer from many of the same issues as the first year of the pandemic.
The Essilor Luxottica megamerger has had a considerable impact in eyewear. No group has the size to compete with the new entity, as it combines dual expertise in ophthalmic lenses and high-end spectacles to claim the top position in the category.
Many retailers are still pessimistic about the continuing impact of the “100% health” reform due to the possible readjustment of quotas in 2022. These will require each store to achieve a minimal ratio of low-cost spectacles and frames quotes to meet health reform targets.
Demand for luxury sunglasses is likely to really recover in line with the decline of the COVID-19 virus and the subsequent end of lockdown restrictions and resumption of outdoor activities and outdoor socialising. This will only be likely to occur when vaccination and global immunity have reached a sufficient level.
Over the forecast period, there are several potential opportunities for growth in luxury eyewear. Firstly, the allure of owning Ray-Bans and luxury eyewear brands will remain, with the former generating a high level of consumer traffic through opticians, department stores, and e-commerce.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Luxury Eyewear industry in France with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Luxury Eyewear industry in France, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregate of luxury sunglasses and luxury spectacle frames.See All of Our Definitions
This report originates from Passport, our Luxury Eyewear research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!