GFK

Submitted by optikey on Tue, 07/03/2017 - 11:03

GfK announces the latest figures at MIDO

GfK has announced its latest figures for key European retail optics markets (Italy, France, Spain and Germany), confirming a turnover of €17,6 billion for total year 2016. giving sales value growth of 0.9 percent compared to the previous year. GfK published the findings to coincide with the international MIDO 2017 trade fair in Milan.

GfK’s Optics Panel tracks sales data in the optician channel for sunglasses, frames, spectacle lenses, contact lenses and solutions for contact lenses. The 2016 figures show a year-on-year increase of 0.9 percent of the optical market for Italy, France, Spain and Germany, with a total turnover of over 17 billion euro. The four countries register varied performances: Italy and Germany drove the growth with sales value increases of 3.4 percent and 2.7percent respectively, compared to the same period last year. Spain, on the other hand, recorded a negative performance with a decrease of 2.6 percent. However, it was France, which accounts for 38 percent of the European market in terms of value, that pulled down the region’s overall performance, with a flat trend of -0.5 percent for sales value.

Category overview The spectacle lenses and spectacle frames categories, which represent 80 percent of the overall optics market, have positively driven the performance of opticians in Europe with a sales value growth of 0.9 percent and 2.2 respectively. Contact lenses and care products (representing 9 percent of the total optics sales value) show a modest growth of 0.3 percent. Despite a remarkable growth of 7.0 percent in 2015 versus 2014, the sunglasses category is the only negative market this year, with a decline of 1.3 percent versus 2015.

“The European eyewear market is showing many interesting styles developments and dynamics, among which the ‘combination’ sector (plastic and metal together) is the fastest growing, standing at over 50 percent growth compared to 2015”, says Francesco Foffa, GfK Senior Global Product Manager for Optics. “Spectacle Lenses market growth is driven by premium products in which innovation is influencing the performance more and more positively. Looking at market segments, the constant growth of organic progressive lenses (+4.6 percent in EU4) and high refraction index lenses is key to sustaining the overall category growth”. “In the European contact lenses market we have witnessed a growth of the daily segment, which is now giving its own positive contribution not only in the spherical part of the business, but also via smaller and more technical sides of the market such as the astigmatism and multifocal”.

“The industry is currently going through an important process of consolidation, as well as of vertical integration - both at manufacturers & retail level”, comments Gianni Cossar, GfK’s Global Director for Optics and Eyewear. “GfK is currently supporting leading players within the Optics industry in over 28 countries. Not only have we expanded our presence in emerging regions such as India, United Arab Emirates and Saudi Arabia., but we have also further consolidated operations in Europe and South America by expanding into the Czech Republic and Chile”.

About GfK GfK is the trusted source of relevant market and consumer information that enables its clients to make smarter decisions. More than 13,000 market research experts combine their passion with GfK’s long-standing data science experience. This allows GfK to deliver vital global insights matched with local market intelligence from more than 100 countries. By using innovative technologies and data sciences, GfK turns big data into smart data, enabling its clients to improve their competitive edge and enrich consumers’ experiences and choices.

For more information, please visit www.gfk.com or follow GfK on Twitter: https://twitter.com/GfK

For more information: Chiara Gallina Marketing & Communication - GfK Italy T +39 02 8705 3340 chiara.gallina@gfk.com