UK Eyewear Product Sector Analysed by Euromonitor in Topical Research Report Available at MarketPublishers.com14 Feb 2014 • by Natalie Aster
LONDON – In 2013, the UK market for eyewear products remained weak. Eyewear purchases are being postponed by the majority of current consumers, as spectacle replacements are not deemed to be essential and are sometimes thought to be rather expensive. The situation with contact lenses is better as these purchases are more difficult to defer. Eyewear production is mainly handled by a small group of large multinationals, who own practically all familiar brands in the domain. In the contact lens segment, the US pharma companies take the lead, cashing in on innovation and scientific progress. Specialist optical retailers remain the primary retail channel, as the existing regulations in the UK eyewear marketplace do not allow the prescription of spectacles and contact lens sales from those who are not registered, certified, and officially trained.
Moving forward, the overall domestic economy performance is forecast to be rather weak. Hence, consumers will most likely keep on putting off their purchases, which will in turn continue to drag eyewear prices down. In the long run, owing to increased life expectancy, the rates of myopic progression are set to soar, which is poised to underpin sales amid the revival of economy.
Topical market research report “Eyewear in the United Kingdom” prepared by Euromonitor International provides a detailed analysis of the UK eyewear market. It provides the retail sales statistical data for 2009-2013, enabling to unravel growth sectors and the factors most responsible for a change in the marketplace, such as legislation, distribution issues, or pricing trends. The analysis of the competitive landscape, the top players in the market, and leading brands is included. Further, explicit forecasts of the UK eyewear market thorough 2018 illustrating how the market is predicted to develop are at hand in the research, too.
Eyewear in the United Kingdom
Published: January, 2014
Price: US$ 1,100.00
Other Countries Eyewear Markets Reports by Euromonitor Include:
- Eyewear in Ukraine
- Eyewear in Malaysia
- Eyewear in South Korea
- Eyewear in Germany
- Eyewear in Turkey
- Eyewear in Australia
More new market research reports by the publisher can be found at Euromonitor International page.