Eyewear in the UK is expected to continue to record single-digit retail volume and current value growth in 2024, albeit at marginally slower rates than the previous year. Eyewear in the UK witnessed a relatively quick recovery after the decline seen in 2020 as a result of the pandemic and home seclusion.
One of the most important trends to impact the UK’s eyewear industry in 2024 will be driven by the low purchasing power of many local consumers as a result of the high cost of living. Within spectacles and sunglasses, this translates into further polarisation in terms of expenditure.
In 2023, the competitive landscape of eyewear in the UK continued to be led by retailer Specsavers Optical Group Ltd, followed by Luxottica Group UK Ltd and Essilor UK Ltd (with the latter two globally owned by EssilorLuxottica SA). The global eyewear giant continued to record positive single-digit growth during the year, supported by its overwhelming leadership of sunglasses, where it offers the luxury brands such as Ray-Ban, Chanel and Prada, in addition to owning chained optical goods store, Vision Express.
Optical goods stores continued to dominate retail value sales of eyewear in the UK in 2024, as local consumers still very much value the professional advice of in-store experts, not to mention the personalised approach of the optician when purchasing spectacle frames, spectacle lenses, contact lenses and sunglasses. Among high street chains, Specsavers retains its stronghold in terms of distribution with effective integrated marketing strategies.
The outlook for eyewear in the UK is varied. On the positive side, overall eyewear sales are expected to witness further growth over the forecast period, in both volume and value terms, supported by growing rates of myopia.
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Eyewear
Eyewear is the aggregate of contact lenses, spectacles and sunglasses.
See All of Our DefinitionsThis report originates from Passport, our Eyewear research and analysis database.
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