Iberian Peninsula: eyewear industry on the up after 7 years

According to a study published by research company DBK, after a 7-year downturn the Iberian eyewear market (frames, sunglasses, lenses and contact lenses) will grow by 1.5% in 2015 to reach an overall value of 800 million euro.Of this, 640 million euro will be generated in Spain (as against 630 million euro in 2014) and 160 million euro in Portugal (as against 156 million euro in 2014). Around 80 companies operate on the Iberian market, 50 in Spain and 30 in Portugal, and in 2013 they employed 3,650 people.It is a market that is highly concentrated around a handful of operators: the leading 5 companies accounted for half the market in Spain in 2013 and 57% in Portugal.