Spectacles in Canada - New Study Released

Spectacles growth over the review period was driven by two primary factors. First the demographic trends amongst Canadians are shifting towards an ageing population, with more Canadians developing the need for corrective eyewear due to age-related issues. Secondly, the rising use of small-screen electronic devices is seeing a rising number of Canadians need glasses due to continued eye strain from working with laptops and other small-screen devices such as smartphones and tablets.

Competitive Landscape

Luxottica Canada, the largest manufacturer of frames, retained the position of overall leader in spectacles in Canada in 2014 with a value share of 24%, supported by the popularity of its leading brands in Canada and a well-established distribution network though ECPs and its own retail chains LensCrafters, Sears Optical, Pearle Vision and Sunglass Hut. The company is a leader in sun and sports glasses with Ray-Ban and Oakley, a category that is experiencing strong growth in Canada supported by health, lifestyle and fitness trends. In addition to its sports glasses, Luxottica maintains a strong presence through its fashion brands, including Prada, Persol, Vogue, Michael Kors, Armani, Bvlgari and Ralph Lauren.

Full Report Details at
- http://www.fastmr.com/prod/1055271_spectacles_canada.aspx?afid=301

Industry Prospects

As eye care requirements continue to expand in Canada, particularly amongst the fast-growing over 40 segment of the adult population, the spectacles market will continue to register year-on-year growth over the forecast period. An estimated 30% of the population suffered from myopia in 2014, whilst 25% of the population had hyperopia, with these numbers expected to increase by 2020.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Spectacles industry in Canada 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 Canada, our research will save you time and money while empowering you to make informed, profitable decisions.

The Spectacles in Canada 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 Canada?
* Which type of spectacles do we spend more on – men’s, women’s or children’s?

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