India Eyewear Market size is expected to reach nearly US$ 13.58 Bn. by 2030 with the CAGR of 11.90% during the forecast period.
India Eyewear Market Overview:
Grab Your Exclusive Sample Copy of the Report Now:https://www.maximizemarketresearch.com/request-sample/21867/
Mergers and Acquisitions: Regional Insights and Latest News:
The eyewear industry is experiencing consolidation as both international and local players focus on expanding their reach and enhancing their product portfolios through strategic mergers and acquisitions.
Vietnam
Vietnam’s eyewear market is rapidly growing, and one of the major developments has been the entry of Indian eyewear companies into Vietnam’s expanding market. A recent acquisition saw an Indian optical brand partner with a Vietnamese distributor to increase its reach and distribution network in Southeast Asia.
Thailand
Thailand has become a significant market for eyewear due to its growing middle class. A notable acquisition involved an Indian eyewear retailer acquiring a Thai optical brand to cater to the rising demand for affordable eyewear in Southeast Asia. This move will also help expand their retail presence in the region.
Singapore
In Singapore, several Indian eyewear brands are expanding their footprint. A key acquisition was made by a leading Indian eyewear brand, which bought a local eyewear chain in Singapore. The deal is expected to help the brand expand its presence in the Southeast Asian market, focusing on premium and high-tech eyewear products.
Japan and South Korea
Japanese and South Korean eyewear markets are known for their innovation and high standards. Indian eyewear brands are eyeing these markets for expansion, with a few already acquiring local distributors to tap into the growing demand for designer and tech-infused eyewear. These regions are also seeing increased demand for luxury eyewear brands.
European Countries
The European market is witnessing an influx of Indian eyewear companies looking to enter the market. A notable acquisition involved an Indian brand acquiring a European distributor to enhance product distribution channels across the continent. This strategic move allows for increased exposure to premium consumers in major European cities.
United States
The U.S. eyewear market is one of the largest globally, and several Indian companies have made headway by acquiring U.S.-based eyewear businesses. A recent acquisition saw an Indian optical retail company purchasing a chain of U.S. eyewear outlets, allowing the company to expand its retail operations across North America.
Unlock In-Depth Insights! Explore the Full Research with Just One Click:https://www.maximizemarketresearch.com/request-sample/21867/
Key Trends and Developments in India Eyewear Market:
Smart Eyewear and Wearables
Smart eyewear is expected to become a major trend in the Indian market. Companies are investing in the development of eyewear with integrated technology, including smart lenses that adjust to light conditions or glasses with augmented reality capabilities. These innovations are attracting a younger, tech-savvy consumer base interested in wearable technology.
Sustainability in Eyewear Production
Eco-friendly and sustainable eyewear is gaining popularity, driven by increasing consumer demand for environmentally conscious products. Companies are adopting sustainable materials such as recycled plastics and eco-friendly acetate, reducing the environmental impact of eyewear production.
Focus on Personalized Eyewear
The rise of customization and personalized eyewear is a significant trend. Consumers are increasingly seeking frames that reflect their unique style and personality, with online platforms offering customization options, such as personalized engraving or choosing from a range of materials and colors.
Luxury and Premium Segments
India’s growing affluent class is creating a burgeoning market for luxury and premium eyewear brands. With consumers more willing to spend on high-quality and branded eyewear, the market for luxury eyewear products is expanding rapidly.
Growth of Contact Lenses
Along with eyewear glasses, the contact lens market in India is also seeing growth. Increased consumer preference for convenience and aesthetics is driving the demand for daily disposable lenses, color lenses, and toric lenses for astigmatism.
India Eyewear Market Segmentation:
by Product Type
Prescription Glasses
Contact Lenses
Sunglasses
The prescription glasses category held the largest share of the market in 2023 and is expected to continue during the forecast period due to an increase in eye disorder incidences and eye difficulties as a result of increased use of digital devices.
by Distribution Channel
Offline
Online
The online store is expected to have the greatest market share throughout the projection period because online retailing offers more discounts and more possibilities to purchase, and the online platform has grown in popularity because it allows delivery to the doorstep by order of products.
by End User
Men
Women
Dive Deeper into the Data! Explore the Full Study on Our Webpage Now:https://www.maximizemarketresearch.com/contact-us/
India Eyewear Market Key Players:
1. Titan Eye Plus
2. Stylrite Optical Industry
3. Chandan Optical Industries
4. Himalaya Optical
5. Delite Eyewear
6. Lenskart
7. Kandru Eyewear Pvt Ltd
8. Prakaash Eyewear Pvt Ltd
9. Aurolab Trust
10. Rayban Sun Optics Limited
11. Zazz Eye’s
12. Eye-D – For Visually Impaired
13. Shop Hop India
14. Lawrence & Mayo
15. Lumberq By Mhm & Co
16. Mirrar
17. Without By Ashaya
18. Cleardekho.Com
19. Flying Machine
20. Bonton
21. Specsmakers
22. Idee Eyewear
23. Gkb Opticals
24. Scott Eyewear
25. Spetex
Got Questions? Reach Out Now for Expert Insights and Market Scope Exploration:https://www.maximizemarketresearch.com/request-sample/21867/
Key Growth Drivers in the India Eyewear Market:
The India eyewear market is being shaped by several growth drivers:
- Rising Awareness of Eye Health: Increased awareness of eye health and vision correction needs is pushing demand for prescription eyewear, contact lenses, and sunglasses. Moreover, an aging population and growing screen time contribute to higher rates of myopia and other vision-related issues, creating further demand for eyewear.
- Increasing Disposable Income: As the middle class in India expands, more consumers are willing to invest in high-quality eyewear products. Premium and branded eyewear products are gaining popularity, with a preference for fashionable, durable, and tech-infused glasses.
- Fashion and Lifestyle Trends: Eyewear has transitioned from a functional product to a fashion accessory. The growing interest in eyewear as a lifestyle and fashion statement is increasing the demand for diverse and trendy designs.
- Technological Advancements: Smart eyewear, such as glasses with built-in augmented reality (AR) features, as well as innovations in lens technology, are creating new avenues for growth in the market. These advancements cater to tech-savvy consumers and the growing interest in wearable technology.
- E-Commerce Growth: The eyewear market is also benefiting from the rise of online retail platforms, which are making it easier for consumers to browse, compare, and purchase eyewear products. This trend has been especially impactful in urban areas.
For an in-depth analysis, click the provided link:https://www.maximizemarketresearch.com/market-report/india-eyewear-market/21867/
Key Players and Latest Developments:
- Lenskart
Lenskart is one of the leading eyewear brands in India, revolutionizing the eyewear market with its innovative online business model. Recently, the company made a major acquisition by purchasing an optical chain in the U.S., boosting its presence in North America. Lenskart is also expanding its product line with tech-infused eyewear, including virtual try-on features. - Ray-Ban (EssilorLuxottica)
Ray-Ban, a global leader in eyewear, has a strong presence in India. Recently, EssilorLuxottica, its parent company, acquired a local Indian eyewear manufacturing firm, enhancing its production capacity and supply chain within India. The company continues to introduce new designs and limited-edition collections to meet the growing demand for premium eyewear in the region. - Titan Eyeplus
Titan Eyeplus, a key player in India’s eyewear market, has expanded its footprint with new store openings across the country. The company has also entered the e-commerce space, offering a wide range of eyewear options online. Titan Eyeplus has recently launched a collection of sustainable eyewear products, tapping into the growing trend of eco-friendly consumer goods. - Owndays
Owndays, a global eyewear retailer, has recently expanded its presence in India through a strategic partnership with an Indian optical retailer. The company plans to expand its product offerings, including smart eyewear and prescription lenses, leveraging India’s growing digital-savvy and fashion-conscious consumer base.
Elevate your knowledge base with the most recent research trends curated by Maximize Market Research:
Indian FMCG Market https://www.maximizemarketresearch.com/market-report/indian-fast-moving-consumer-goods-fmcg-market/29038/
Global Candle Market https://www.maximizemarketresearch.com/market-report/global-candle-market-2/42231/
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 96071 95908, +91 9607365656
Down Jacket Market: Projected Growth and Emerging Trends from 2024 to 2030
