"Spectacles in France" Published

The key story in 2015 was the regulation introduced in April to limit reimbursement for spectacles from private health insurance companies to €470 for simple lenses and €850 for complex corrections. This measure was introduced because the government believed that prices of corrective eyewear had been increasing in France as private health insurance had been paying most, if not all, of those costs not funded by the national insurance scheme.

Competitive Landscape

Luxottica France, followed by Essilor International, remained the leading players within this fragmented category in 2014. Both players are well established in the country. Many retailers were loyal to spectacle frames and sunglasses supplied by Luxottica due to their quality and brand image. The company offered recognised brands, such as Ray-Ban, Oakley and Persol. Essilor is a French manufacturer which is recognised internationally for its high-quality spectacle lenses. In France, it led readymade reading glasses and spectacle lenses in 2014. Eyewear retailers were receptive to its "Made in France" production and frequent innovations.

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Industry Prospects

Due to lower reimbursement from private health insurance companies, players expect a decline in average unit prices and consequently lower value growth over the forecast period. As a result, a negative value CAGR of 3% at constant 2015 prices is expected between 2015 and 2020, compared to the stable constant value CAGR of the review period. Spectacle frames is likely to record the steepest decline. Players believe that consumers will tend to purchase less expensive products in order to stay within the reimbursement levels from the national insurance scheme and private health insurance companies. Some experts, however, also believe that consumers will tend to purchase cheaper corrective lenses. In addition to consumers’ attitudes, retailers may also be tempted to purchase less expensive foreign brands, notably products from Asia, to the detriment of "Made in France" products, which are in general more expensive.

Report Overview

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

The Spectacles in France market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products

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