India Eyewear Market size is expected to reach nearly US$ 9.69 Bn. by 2027 with the CAGR of 11.90% during the forecast period.
This growth has been further spurred by technological developments, as well as a developing trend in smart wearable eyewear and increased research & development spending. Vibrant segmentation, segment analysis, and notable dynamics define the market’s landscape.
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Segmentation and Key Highlights:
Product Type: In 2021, the sector for prescription glasses held the biggest market share; this trend is anticipated to continue as a result of the rising frequency of eye ailments and the rising prevalence of eye-related problems linked to the increased usage of digital devices.
Distribution Channel: It is anticipated that over the projection period, the online store segment will rule the market. The popularity of online retailing is due to the savings, numerous purchase alternatives, and doorstep delivery services it provides.
End User Insights: Due to the growing desire for stylish and international eyewear brands, women are predicted to make up the greatest portion of the market. Increased need for durable eyewear, rising premium purchasers, increased purchasing power, and a taste for expensive and branded sunglasses are all driving factors.
Contact lenses: Due to their affordability and the rising number of working women who choose them for their confidence, ease, and fashionable options, contact lenses have a growing market in India.
Regional Insights: The northern area, especially Delhi, maintains a sizable percentage of the sunglasses market, driven by a strong fashion trend, a growing need for eye protection, a rise in demand for vision correction eyeglasses, and a preference for foreign eyewear brands.
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Key Players:
The eyewear market’s competitive landscape features prominent players such as Essilor, GKB High Tech, Carl Zeiss, Hoya, Ray-Ban, Maui Jim, Oakley, Vintage, Vogue, Vision Rx, Silk lens, Sparkle, Biomedic 55, Alcon, Police, Fastrack, Polaroid, Velocity, Hidesign, Idee Eyewear, and Vogue Eyewear.
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