India Eyewear Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 7.3% (2024-2032)
With a growing population and increasing awareness of eye health, the Indian eyewear market is experiencing significant growth. 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.
India Eyewear Industry Trends and Drivers:
The India eyewear market is expanding rapidly, owing to several key factors, including growing disposable income as well as increased awareness of eye health. Besides this, consumers are spending money on corrective eyewear as the prevalence of vision-related conditions like myopia and hypermetropia rises. Furthermore, fashion-conscious consumers are driving demand for trendy and stylish eyewear products. Additionally, the initiatives of the government bodies to promote healthcare awareness and programs for vision correction are supporting the growth of the India eyewear market. In line with these factors, the expansion of e-commerce platforms has also made it easier for customers to access a wide range of eyewear options, offering convenience and competitive pricing.
Technological advancements are also shaping the India eyewear market, particularly with the growing adoption of digital eye strain solutions and blue light filtering glasses, given the increase in screen usage across all age groups. Meanwhile, innovations in lens technology, such as lightweight and impact-resistant materials, are further enhancing consumer preferences. Moreover, premium eyewear brands are gaining traction, offering both functionality and fashion. In addition to these factors, local and international brands are capitalizing on this trend, introducing products tailored to Indian consumers’ preferences. These factors, along with a rising emphasis on eye health in both urban and rural areas, are expected to propel the market. Consequently, the convergence of these factors is anticipated to drive the expansion of the India eyewear market over the coming years.
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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.
About Us:
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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Author: Kishan Kumar
I am market analyst and I post article about market reports based on thorough research and analysis that drives current market growth and trends.
