India Eyewear Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 7.3% (2024-2032)
The Indian eyewear market is experiencing robust growth, driven by a confluence of factors that reflect both changing consumer preferences and broader economic trends. According to the latest research report by IMARC Group, The India eyewear market size reached US$ 9.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032.
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India Eyewear Industry Trends and Drivers:
One of the primary drivers is the increasing prevalence of eye disorders and vision problems, which is driving the demand for corrective eyewear. As urbanization and digital screen use is intensifying, issues, such as myopia, astigmatism, and presbyopia, are becoming more common. This growing awareness about eye health is leading people to seek out both prescription glasses and contact lenses more actively. Another significant factor is the rising disposable incomes and changing lifestyle patterns of the Indian middle class. With improved economic conditions, more people can spend on premium eyewear brands and fashion-forward styles. The shift towards online shopping is also making eyewear more accessible, with e-commerce platforms offering a wide range of products at competitive prices. This convenience, combined with the ability to try on virtual frames, is further fueling the market growth.
The increasing influence of fashion and the growing trend of eyewear as a style statement are also notable contributors. Eyewear is no longer merely a functional accessory but is becoming an important aspect of personal style and identity. This shift is evident in the rising popularity of designer brands and trend-driven eyewear collections. The fashion industry’s integration with eyewear, including collaborations between eyewear brands and fashion designers, is attracting a younger demographic, and driving sales. Government initiatives and healthcare policies are playing a supportive role. Programs aimed at improving vision care and increasing accessibility to eye exams and corrective lenses are contributing to the market expansion. Public health campaigns focused on eye health awareness are helping to educate consumers about the importance of regular eye check-ups and proper eyewear usage. Additionally, advancements in eyewear technology, such as the development of smart glasses and innovations in lens materials, are enhancing the appeal of eyewear products. Features like blue light filtering lenses and anti-glare coatings are becoming standard, addressing modern consumers’ concerns about digital eye strain and overall eye health.
We explore the factors propelling the India eyewear market growth, including technological advancements, consumer behaviors, and regulatory changes.
India Eyewear Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Spectacles
- Sunglasses
- Contact Lenses
Breakup by Gender:
- Men
- Women
- Unisex
Breakup by Distribution Channel:
- Optical Stores
- Independent Brand Showrooms
- Online Stores
- Retail Stores
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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