Boston, MA -- (SBWIRE) -- 01/23/2015 -- The key story in the spectacles category in 2014 was the new law approved by the French Government that aims to make easier sales of spectacle frames and lenses through the internet and that abolishes the requirement that only certified opticians can open optical goods stores. Retailers other than health and beauty specialist retailers, if they have an employee with an optician?s diploma, are now authorised to sell eyewear that needs a prescription.

Competitive Landscape

Spectacles is a fragmented category with more than 20 players operating within it. Among the leading operators, ranked first is Luxottica France SARL with an 11% value share, followed by Essilor International SA with 7%. Luxottica France SARL was the leader of spectacle frames and sunglasses throughout the review period. The company enjoyed strong brand recognition and loyalty thanks to leading brands such as Ray-Ban, Oakley and Persol. However despite leading sales, its share declined in 2013 as a result of competition from other players. Essilor International SA led spectacle lenses. This well-established company has a strong position thanks to its ?Made in France? production.

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Industry Prospects

The key story over the forecast period will be the changes in legislation that are expected to lead to a reduction in unit prices of spectacle frames and lenses. In May 2014, the French Government announced a cap for private health insurance reimbursements. The reimbursement for a simple pair of spectacle frames and lenses is limited to ?450 until 2015, and there are some rumours that this cap will progressively reduce until 2018. According to trade sources, such a reduction could impact demand for spectacle frames, at least the most expensive ones. This is because at the end of the review period consumers were almost entirely reimbursed on the purchase of complete spectacles (frames and lenses) though the support of social welfare and private health insurance. With reimbursements being reduced, it is likely that people will seek to purchase lower-priced spectacle frames. The industry also believes that to compete for sales retailers will offer less expensive foreign brands of lenses that come from Asia, rather than the more expensive domestic brands, such as lenses produced in France by Essilor International SA.

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
- 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 France?
- Which type of spectacles do we spend more on ? men?s, women?s or children?s?
- How are independent opticians coping with the emergence of health and beauty multiples?

Reasons to Get this Report

- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

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