Azoth Analytics has released a research report named "European Optical Retail Market (2023 Edition)" which provides a complete analysis of the Europe Optical Retail industry in terms of market segmentation By Product Type, Price Range, Age Group, Sales Channel, Regional and Country analysis. The research also looks at the market growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the evolution of the market.
During the forecast period, 2023-2028, the Europe Optical Retail Market is expected to expand at a CAGR of 6.57%. The optical retail market in Europe is a large and competitive industry that provides eyewear products and services to consumers. This market includes businesses that sell eyeglasses, contact lenses, sunglasses, and other vision-related products, as well as those that provide eye exams, prescription services, and other vision-related services. The market is heavily regulated by national and regional health authorities, which set standards for the quality and safety of eyewear products and services.
The European Optical Retail Market is expected to generate USD 54.09 Billion by the end of 2028, up from USD 26.96 Billion in 2021. The market is driven by a range of factors, including an aging population, an increased awareness of the importance of eye health, and advances in technology that allow for more advanced and personalized vision care. In recent years, there has also been a trend towards online sales, with many optical retailers now offering e-commerce services to customers.
The optical retail market in Europe can be segmented into several categories, including eyewear products, eyewear accessories, and vision care services. Within the eyewear products segment, the market can be further segmented into Spectacles/Glasses, contact lenses, and sunglasses. Spectacles/Glasses are the largest segments of the European optical retail market, accounting for approximately 75% of total revenue in 2020. This segment is expected to continue to dominate the market, driven by factors such as an ageing population and an increased prevalence of myopia in younger generations. In recent years, there has also been a trend towards more personalized and fashionable glasses, with many retailers offering a range of frame styles, materials, and colors to suit different customer preferences.
The contact lenses segment is expected to grow at a faster rate than prescription glasses, driven by factors such as convenience and comfort. Advances in technology have also made contact lenses more accessible and affordable for consumers, with many retailers offering a range of disposable and extended-wear options.
The Nordic countries are the second-largest region in the European optical retail market, accounting for approximately 13% of total revenue in 2020. Technology advancements such as virtual try-on tools and tele-optometry services have improved the online shopping experience for customers. Customers can virtually try on glasses frames using their smartphones or laptops and receive prescriptions from licensed optometrists remotely.
This study provides the completive landscape of the optical retail market of Europe and profiles some of the leading players of Europe including Essilor Luxottica, Fielmann, Hans Anders, Walgreens Boots Alliance, Alain Afflelou, Hartlauer, Krys Group, Optic 2000, and others. The company profiling includes critical information such as a business overview, products and services, key financials, and recent events and developments. Overall, the report provides a detailed overview of the Europe Optical Retail Market, which will assist industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players looking for opportunities, and other stakeholders in aligning their market-centric strategies with current and expected future trends.
Scope of the Report:
- The report analyses the European Optical Retail Market by Value (USD Billion).
- The report presents the analysis of the European Optical Retail market for the historical period of 2018-2021, the base year 2022, and the forecast period of 2023-2028.
- The report analyses the Optical Retail Market by Product Type (Spectacles/Glasses, Sunglasses, Contact Lenses).
- The report analyses the Optical Retail Market by Price Range (Luxury, Non-Luxury).
- The report analyses the Optical Retail Market by Age Group (0-18 years, 19-64 years, Above 65 years).
- The report analyses the Optical Retail Market by Sales Channel (Online, Offline).
- The Europe Optical Retail Market has been analyzed by countries (Germany, United Kingdom, France, Italy).
- The market dynamics such as growth drivers, market trends, and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Essilor Luxottica, Fielmann, Hans Anders, Walgreens Boots Alliance, Alain Afflelou, Hartlauer, Krys Group, Optic 2000) are also presented in detail.
Key Target Audience:
- European Optical Retail Manufacturers
- Consulting Firms
- Research and Development Organizations
- Government Bodies & Regulating Authorities
European Optical Retail Market (2023 Edition): Analysis By Product Type (Spectacles, Sunglasses, Contact Lenses), Price Range, Age Group, Sales Channel, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)
Table of Contents
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
3. Europe Optical Retail Market: Historic and Forecast (2018-2028)
3.1 Impact Analysis of Macro Economic Factors on the Optical Retail Market
3.2 Number of Optician Retail Outlets in Europe
3.3 Percentage of Individuals who wear Spectacles in Europe
3.4 Europe Optical Retail Market: Dashboard
3.5 Global Optical Retail Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
3.6 Europe Optical Retail Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
3.7 Impact of COVID-19 on Optical Retail Market
3.8 Europe Optical Retail Market Segmentation: By Product Type
3.8.1 Europe Optical Retail Market, By Product Type Overview
3.8.2 Europe Optical Retail Market Size, By Spectacles/Glasses, By Value, 2018H-2028F (USD Billion & CAGR)
3.8.3 Europe Optical Retail Market Size, By Sunglasses, By Value, 2018H-2028F (USD Billion & CAGR)
3.8.4 Europe Optical Retail Market Size, By Contact Lens, By Value, 2018H-2028F (USD Billion & CAGR)
3.9 Europe Optical Retail Market Segmentation: By Price Range
3.9.1 Europe Optical Retail Market, By Price Range Overview
3.9.2 Europe Optical Retail Market Size, By Luxury, By Value, 2018H-2028F (USD Billion & CAGR)
3.9.3 Europe Optical Retail Market Size, By Non-Luxury, By Value, 2018H-2028F (USD Billion & CAGR)
3.10 Europe Optical Retail Market Segmentation: By Age Group Industry
3.10.1 Europe Optical Retail Market, By Age Group Industry Overview
3.10.2 Europe Optical Retail Market Size, By 0-18 years, By Value, 2018H-2028F (USD Billion & CAGR)
3.10.3 Europe Optical Retail Market Size, By 19-64 years, By Value, 2018H-2028F (USD Billion & CAGR)
3.10.4 Europe Optical Retail Market Size, By Above 65 years, By Value, 2018H-2028F (USD Billion & CAGR)
3.11 Europe Optical Retail Market Segmentation: By Sales Channel
3.11.1 Europe Optical Retail Market, By Sales Channel Overview
3.11.2 Europe Optical Retail Market Size, By Online, By Value, 2018H-2028F (USD Billion & CAGR)
3.11.3 Europe Optical Retail Market Size, By Offline, By Value, 2018H-2028F (USD Billion & CAGR)
4. Europe Optical Retail Market Segmentation By Country (2018-2028)
4.1 Europe Optical Retail Market, By Country Overview
4.2 Germany Optical Retail Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
4.2.1 Germany Optical Retail Market, By Product Type
4.2.2 Germany Optical Retail Market, By Price Range
4.2.3 Germany Optical Retail Market, By Age Group
4.2.4 Germany Optical Retail Market, By Sales Channel
4.3 United Kingdom Optical Retail Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
4.3.1 United Kingdom Optical Retail Market, By Product Type
4.3.2 United Kingdom Optical Retail Market, By Price Range
4.3.3 United Kingdom Optical Retail Market, By Age Group
4.3.4 United Kingdom Optical Retail Market, By Sales Channel
4.4 France Optical Retail Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
4.4.1 France Optical Retail Market, By Product Type
4.4.2 France Optical Retail Market, By Price Range
4.4.3 France Optical Retail Market, By Age Group
4.4.4 France Optical Retail Market, By Sales Channel
4.5 Italy Optical Retail Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
4.5.1 Italy Optical Retail Market, By Product Type
4.5.2 Italy Optical Retail Market, By Price Range
4.5.3 Italy Optical Retail Market, By Age Group
4.5.4 Italy Optical Retail Market, By Sales Channel
4.6 Rest of Europe Optical Retail Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
4.6.1 Rest of Europe Optical Retail Market, By Product Type
4.6.2 Rest of Europe Optical Retail Market, By Price Range
4.6.3 Rest of Europe Optical Retail Market, By Age Group
4.6.4 Rest of Europe Optical Retail Market, By Sales Channel
5. Market Dynamics
5.1 Impact assessment of Market Dynamics on Europe Optical Retail Market
5.2 Drivers
5.3 Restraints
5.4 Trends
6. Industry Ecosystem Analysis
6.1 Macro-Economic Factor Assessment
6.2 Porter Analysis
6.3 Value Chain Analysis
7. Competitive Positioning
7.1 Companies' Product Positioning
7.2 Market Position Matrix
7.3 Market Share Analysis of the Optical Retail Market
7.4 Company Profiles
7.4.1 Essilor Luxottica
7.4.2 Fielmann
7.4.3 Hans Anders
7.4.4 Walgreens Boots Alliance
7.4.5 Alain Afflelou
7.4.6 Hartlauer
7.4.7 Krys Group
7.4.8 Optic 2000
7.4.9 Specsavers Optical Group Ltd.
7.4.10 Optical Express
List of Figures
Figure 1: Number of Optician Retail Outlets, By Country, 2021 (Per 10,000 Population)
Figure 2: Percentage of Individuals who wear Spectacles, By Country, 2021 (%)
Figure 3: Global Optical Retail Market Size, By Value, 2018-2021 (USD Billion)
Figure 4: Global Optical Retail Market Size, By Value, 2022-2028 (USD Billion)
Figure 5: Europe Optical Retail Market Size, By Value, 2018-2021 (USD Billion)
Figure 6: Europe Optical Retail Market Size, By Value, 2022-2028 (USD Billion)
Figure 7: Europe Optical Retail Market Share, By Product Type, 2021 (%)
Figure 8: Europe Optical Retail Market Size, By Spectacles/Glasses, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 9: Europe Optical Retail Market Absolute Opportunity, By Spectacles/Glasses, 2018-2028 (USD Billion)
Figure 10: Europe Optical Retail Market Size, By Sunglasses, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 11: Europe Optical Retail Market Absolute Opportunity, By Sunglasses, 2018-2028 (USD Billion)
Figure 12: Europe Optical Retail Market Size, By Contact Lenses, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 13: Europe Optical Retail Market Absolute Opportunity, By Contact Lenses, 2018-2028 (USD Billion)
Figure 14: Europe Optical Retail Market Size, By Luxury, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 15: Europe Optical Retail Market Absolute Opportunity, By Luxury, 2018-2028 (USD Billion)
Figure 16: Europe Optical Retail Market Size, By Non-Luxury, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 17: Europe Optical Retail Market Absolute Opportunity, By Non-Luxury, 2018-2028 (USD Billion)
Figure 18: Europe Optical Retail Market Size, By 0-18 years, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 19: Europe Optical Retail Market Absolute Opportunity, By 0-18 years, 2018-2028 (USD Billion)
Figure 20: Europe Optical Retail Market Size, By 19-64 years, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 21: Europe Optical Retail Market Absolute Opportunity, By 19-64 years, 2018-2028 (USD Billion)
Figure 22: Europe Optical Retail Market Size, By Above 65 years, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 23: Europe Optical Retail Market Absolute Opportunity, By Above 65 years, 2018-2028 (USD Billion)
Figure 24: Europe Optical Retail Market Size, By Online, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 25: Europe Optical Retail Market Absolute Opportunity, By Online, 2018-2028 (USD Billion)
Figure 26: Europe Optical Retail Market Size, By Offline, By Value, 2018H-2028F (USD Billion & CAGR)
Figure 27: Europe Optical Retail Market Absolute Opportunity, By Offline, 2018-2028 (USD Billion)
Figure 28: Germany Optical Retail Market, By Value, 2018-2028 (USD Billion & CAGR)
Figure 29: Germany Optical Retail Market Value, By Product Type, 2021 (USD Billion)
Figure 30: Germany Optical Retail Market Share, By Product Type, By Value, 2021 (%)
Figure 31: Germany Optical Retail Market Share, By Price Range, By Value, 2021 (%)
Figure 32: Germany Optical Retail Market Share, By Age Group, By Value, 2021 (%)
Figure 33: Germany Optical Retail Market Share, By Sales Channel, By Value, 2021 (%)
Figure 34: United Kingdom Optical Retail Market, By Value, 2018-2028 (USD Billion & CAGR)
Figure 35: United Kingdom Optical Retail Market Value, By Product Type, 2021 (USD Billion)
Figure 36: United Kingdom Optical Retail Market Share, By Product Type, By Value, 2021 (%)
Figure 37: United Kingdom Optical Retail Market Share, By Price Range, By Value, 2021 (%)
Figure 38: United Kingdom Optical Retail Market Share, By Age Group, By Value, 2021 (%)
Figure 39: United Kingdom Optical Retail Market Share, By Sales Channel, By Value, 2021 (%)
Figure 40: France Optical Retail Market, By Value, 2018-2028 (USD Billion & CAGR)
Figure 41: France Optical Retail Market Value, By Product Type, 2021 (USD Billion)
Figure 42: France Optical Retail Market Share, By Product Type, By Value, 2021 (%)
Figure 43: France Optical Retail Market Share, By Price Range, By Value, 2021 (%)
Figure 44: France Optical Retail Market Share, By Age Group, By Value, 2021 (%)
Figure 45: France Optical Retail Market Share, By Sales Channel, By Value, 2021 (%)
Figure 46: Italy Optical Retail Market, By Value, 2018-2028 (USD Billion & CAGR)
Figure 47: Italy Optical Retail Market Value, By Product Type, 2021 (USD Billion)
Figure 48: Italy Optical Retail Market Share, By Product Type, By Value, 2021 (%)
Figure 49: Italy Optical Retail Market Share, By Price Range, By Value, 2021 (%)
Figure 50: Italy Optical Retail Market Share, By Age Group, By Value, 2021 (%)
Figure 51: Italy Optical Retail Market Share, By Sales Channel, By Value, 2021 (%)
Figure 52: Rest of Europe Optical Retail Market, By Value, 2018-2028 (USD Billion & CAGR)
Figure 53: Rest of Europe Optical Retail Market Value, By Product Type, 2021 (USD Billion)
Figure 54: Rest of Europe Optical Retail Market Share, By Product Type, By Value, 2021 (%)
Figure 55: Rest of Europe Optical Retail Market Share, By Price Range, By Value, 2021 (%)
Figure 56: Rest of Europe Optical Retail Market Share, By Age Group, By Value, 2021 (%)
Figure 57: Rest of Europe Optical Retail Market Share, By Sales Channel, By Value, 2021 (%)
Figure 58: Market Share of Prominent Companies of Optical Retail, 2021 (%)
Figure 59: Essilor Luxottica Revenues, 2019-2021 (USD Million)
Figure 60: Essilor Luxottica Revenues, By Geographic Segments, 2021 (%)
Figure 61: Essilor Luxottica Companies Revenue, By Geographical Segments, 2021 (%)
Figure 62: Fielmann Revenues, 2019-2021 (USD Million)
Figure 63: Fielmann Revenues, By Geographic Segments, 2021 (%)
Figure 64: Fielmann Companies Revenue, By Geographical Segments, 2020 (%)
Figure 65: Walgreen Boots Alliance Revenues, 2019-2021 (USD Million)
Figure 66: Walgreen Boots Alliance Revenues, By Geographic Segments, 2021 (%)
Figure 67: Walgreen Boots Alliance Companies Revenue, By Geographical Segments, 2020 (%)
List of Tables
Table A1: Regional Impact of Macro Economic Factors, By Country
Table A2: Germany Optical Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A3: Germany Optical Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A4: Germany Optical Retail Market, By Price Range, By Value, 2018-2021 (USD Billion)
Table A5: Germany Optical Retail Market, By Price Range, By Value, 2022-2028 (USD Billion)
Table A6: Germany Optical Retail Market, By Age Group, By Value, 2018-2021 (USD Billion)
Table A7: Germany Optical Retail Market, By Age Group, By Value, 2022-2028 (USD Billion)
Table A8: Germany Optical Retail Market, By Sales Channel, By Value, 2018-2021 (USD Billion)
Table A9: Germany Optical Retail Market, By Sales Channel, By Value, 2022-2028 (USD Billion)
Table A10: United Kingdom Optical Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A11: United Kingdom Optical Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A12: United Kingdom Optical Retail Market, By Price Range, By Value, 2018-2021 (USD Billion)
Table A13: United Kingdom Optical Retail Market, By Price Range, By Value, 2022-2028 (USD Billion)
Table A14: United Kingdom Optical Retail Market, By Age Group, By Value, 2018-2021 (USD Billion)
Table A15: United Kingdom Optical Retail Market, By Age Group, By Value, 2022-2028 (USD Billion)
Table A16: United Kingdom Optical Retail Market, By Sales Channel, By Value, 2018-2021 (USD Billion)
Table A17: United Kingdom Optical Retail Market, By Sales Channel, By Value, 2022-2028 (USD Billion)
Table A18: France Optical Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A19: France Optical Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A20: France Optical Retail Market, By Price Range, By Value, 2018-2021 (USD Billion)
Table A21: France Optical Retail Market, By Price Range, By Value, 2022-2028 (USD Billion)
Table A22: France Optical Retail Market, By Age Group, By Value, 2018-2021 (USD Billion)
Table A23: France Optical Retail Market, By Age Group, By Value, 2022-2028 (USD Billion)
Table A24: France Optical Retail Market, By Sales Channel, By Value, 2018-2021 (USD Billion)
Table A25: France Optical Retail Market, By Sales Channel, By Value, 2022-2028 (USD Billion)
Table A26: Italy Optical Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A27: Italy Optical Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A28: Italy Optical Retail Market, By Price Range, By Value, 2018-2021 (USD Billion)
Table A29: Italy Optical Retail Market, By Price Range, By Value, 2022-2028 (USD Billion)
Table A30: Italy Optical Retail Market, By Age Group, By Value, 2018-2021 (USD Billion)
Table A31: Italy Optical Retail Market, By Age Group, By Value, 2022-2028 (USD Billion)
Table A32: Italy Optical Retail Market, By Sales Channel, By Value, 2018-2021 (USD Billion)
Table A33: Italy Optical Retail Market, By Sales Channel, By Value, 2022-2028 (USD Billion)
Table A34: Rest of Europe Optical Retail Market, By Product Type, By Value, 2018-2021 (USD Billion)
Table A35: Rest of Europe Optical Retail Market, By Product Type, By Value, 2022-2028 (USD Billion)
Table A36: Rest of Europe Optical Retail Market, By Price Range, By Value, 2018-2021 (USD Billion)
Table A37: Rest of Europe Optical Retail Market, By Price Range, By Value, 2022-2028 (USD Billion)
Table A38: Rest of Europe Optical Retail Market, By Age Group, By Value, 2018-2021 (USD Billion)
Table A39: Rest of Europe Optical Retail Market, By Age Group, By Value, 2022-2028 (USD Billion)
Table A40: Rest of Europe Optical Retail Market, By Sales Channel, By Value, 2018-2021 (USD Billion)
Table A41: Rest of Europe Optical Retail Market, By Sales Channel, By Value, 2022-2028 (USD Billion)
Table A42: Essilor Luxottica Key Financials, 2019-2021
Table A43: Fielmann Key Financials, 2019-2021
Table A44: Walgreens Boots Alliance Key Financials, 2019-2021
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