Spain Eyewear Market Overview, 2028

Spain Eyewear Market Overview, 2028

The Spanish eyewear industry has a long history and is rooted in the country's artisanal traditions. Spain's expertise in leatherworking, metalworking, and other crafts has translated into a unique approach to eyewear design and production, with a focus on attention to detail and quality materials. Spanish eyewear manufacturers are known for their use of high-quality materials such as acetate, titanium, and carbon fibre, as well as for their innovative designs that reflect the latest fashion trends. Furthermore, the Spanish eyewear market is also influenced by the country's rich cultural heritage and fashion-forward sensibilities. Spain has a long history of producing high-quality eyewear, with some of the world's most iconic eyewear brands such as Persol and Ray-Ban being owned by Spanish conglomerate Luxottica. The Spanish eyewear market is also known for its avant-garde designs, with many Spanish eyewear designers incorporating bold shapes, colours, and textures into their products. Additionally, Spanish eyewear manufacturers are renowned for their craftsmanship and attention to detail, with many of their products being handmade or featuring intricate details. As a result, the Spanish eyewear market is increasingly focused on developing products that cater to the unique needs of older consumers, such as lightweight frames, adjustable nose pads, and anti-reflective coatings.

According to the research report ""Spain Eyewear Market Overview, 2028,"" published by Bonafide Research, the Spain Eyewear market is expected to grow at around 6% CAGR from 2023 to 2028. As the population ages and the prevalence of conditions such as myopia and presbyopia increases, there is a growing demand for prescription eyewear in Spain. Furthermore, Spain is a popular tourist destination, with millions of visitors each year. Many of these visitors purchase eyewear products, particularly sunglasses, as souvenirs or to protect their eyes from the sun during their stay. Moreover, Spain has a warm climate and a strong culture of outdoor activities, such as hiking, cycling, and water sports. As a result, there is a high demand for specialized eyewear products, such as sports sunglasses and goggles. In addition, every year, Spain hosts a number of fashion shows and cultural festivals that showcase the latest trends and designs in eyewear. These events attract fashion designers, eyewear manufacturers, and other industry professionals from around the world, who come to showcase their latest collections and connect with potential customers and partners. Another popular event in Spain is Barcelona Fashion Week, which also features a wide range of fashion shows and exhibitions, including a dedicated eyewear section.

Spectacles have the highest market share in the Spanish eyewear market. One of the main reasons is the ageing population in Spain, which has led to an increase in the number of people suffering from vision problems such as presbyopia, myopia, and hyperopia. These conditions can be corrected with prescription eyeglasses, driving the demand for spectacles in the market. Another factor contributing to the popularity of spectacles in the Spanish eyewear market is the availability of a wide range of affordable and stylish options. Spanish eyewear manufacturers are known for producing high-quality and fashionable eyewear products that cater to a broad range of consumer preferences. Additionally, the availability of government subsidies for prescription eyeglasses for low-income individuals has further increased the demand for spectacles in the market. However, contact lenses have experienced significant growth in the Spanish eyewear market. Contact lenses are preferred by many consumers for their cosmetic appeal. They can be used to change the colour or shape of the eyes, making them a popular choice among people who want to enhance their appearance or try a different look. Additionally, spectacles are often worn by people of all ages, including children, adults, and seniors, making them a versatile and widely accepted option for vision correction in Spain.

According to reports, optical stores have the highest market share in the distribution channel of the eyewear market in Spain. Optical stores offer personalised service, including eye exams, fittings, and advice on selecting the right eyewear products. This can help consumers make informed decisions and find the products that best meet their needs. For instance, some of the popular optical stores in Spain include Alain, Afflelou, General Optica, Visionlab, Multiópticas, Opticalia, Federópticos, Soloptical, and more. However, the online channel is expected to have the highest CAGR during the forecast period. Online eyewear retailers often offer a wider range of products than traditional optical stores, including a variety of brands, styles, and colours. This makes it easier for consumers to find exactly what they are looking for. For instance, there are several online platforms for eyewear in Spain, including Multiópticas, Alain Afflelou, Opticalia, Vision Direct, Mister Spex, OpticaMarket, Lentillas ADomicilio, OpticalH, GafasWorld, and ptica ptima.

In Spain, eyewear products are regulated by the Ministry of Health through the Spanish Agency of Medicines and Medical Devices (AEMPS). The AEMPS is responsible for ensuring that eyewear products meet safety and quality standards, as well as regulating the advertising and promotion of these products. Furthermore, one of the main regulations for eyewear in Spain is the requirement for all optical stores to have a licensed optometrist or ophthalmologist on staff. This ensures that customers receive professional and accurate advice when purchasing eyewear products. Moreover, Spain also follows the European Union's regulation for personal protective equipment (PPE), which includes safety glasses and other protective eyewear. These products must meet specific safety standards and undergo testing and certification before they can be sold. In addition, Spain has regulations in place regarding the labelling and packaging of eyewear products to ensure that customers receive clear and accurate information about the product they are purchasing. This includes information on the manufacturer, product specifications, and any warnings or precautions.

In the Spain eyewear market, eyewear products are typically categorized into three price ranges: low, medium, and premium. Among these, the medium-priced eyewear products have the largest market share. Medium-priced eyewear products have a wide customer base that includes both budget-conscious consumers and those who are willing to pay more for higher-quality products. Moreover, medium-priced eyewear products are often made from high-quality materials and offer a range of features such as UV protection, anti-glare coatings, and scratch resistance. However, premium-priced eyewear products are expected to have the highest CAGR during the forecast period. Spain has a growing population of consumers who are willing to pay more for luxury and high-end products. This trend has extended to the eyewear market, where consumers are increasingly seeking out premium-priced eyewear products that offer unique designs, high-quality materials, and superior craftsmanship.

Counterfeit eyewear products in Spain are often sold at lower prices than legitimate products, which can be appealing to cost-conscious consumers. However, these products are often of poor quality and may not meet safety standards. They can also negatively impact the reputation of legitimate eyewear companies, which may be associated with low-quality products that they did not produce. The COVID-19 pandemic has also had a significant impact on the eyewear market in Spain. With many consumers experiencing financial uncertainty, they may be less likely to purchase non-essential products like eyewear. Additionally, lockdowns and restrictions on movement may have led to a decrease in demand for eyewear products, particularly those that are typically worn in social or professional settings.

Considered in this report
• Geography: Spain
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Spain Eyewear market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Spectacles
• Sunglasses
• Contact Lenses
• Other Product Type (Eye Care)

By Distribution Channel:
• Hypermarket and Supermarket
• Speciality Stores ( Optical Stores )
• Franchises/ Company outlets
• Online stores
• Others (Hospitals & Clinics)

By Gender:
• Men
• Women
• Unisex
• Kids

By Price Range:
• Premium
• Medium
• Low

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Eyewear industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.