Now Available: Spectacles in the United Kingdom

From: Fast Market Research, Inc.
Published: Mon Oct 20 2014

In spite of the increasing prevalence of myopia, consumers are delaying purchases of repeat prescriptions for contact lenses by extending the life of their spectacles. The volume growth of spectacles is also being impacted by the product being considered a one-off expense. In value terms, the category is set to post only marginal current value growth as many spectacle retailers are offering deals such as 'buy one get one half price' on designer frames.

Competitive Landscape

Specsavers Optical Group Ltd remained the leading company in spectacles in 2013 with a value share of 16%, unchanged from the previous year. The company's Specsavers private label is popular among UK consumers thanks to a combination of affordable prices and stylish designs. The retailer is also well-known for its low prices and promotional deals. The main threat to Specsavers is internet retailing, where consumers are continuing to hunt for even cheaper deals. In addition, Specsavers offers a very narrow portfolio of sunglasses, which is currently a key growth area in which the company should consider expanding.

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Industry Prospects

Spectacles is expected to post an overall value decline of 1% at constant 2014 prices to 2019, with the category's performance largely dragged down by a sharp decline in readymade reading glasses. Many high street retailers are continuing to sell inexpensive reading glasses which are driving down value growth. Overall, consumers will continue to regard spectacles as an expensive purchase that can be delayed.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Spectacles industry in United Kingdom with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Spectacles industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.

The Spectacles in United Kingdom market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* Do spectacle frames create more sales than spectacle lenses in United Kingdom?
* Which type of spectacles do we spend more on - men's, women's or children's?

About Fast Market Research

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