India Eyewear Market Size, Share, Analysis, Trends, Growth, 2032

India Eyewear Industry Prospective:

India eyewear market size was worth around USD 6.61 billion in 2023 and is predicted to grow to around USD 18.48 billion by 2032 with a compound annual growth rate (CAGR) of roughly 12.1% between 2024 and 2032.

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India Eyewear Market: Overview

Accessories and corrective gear worn on the eyes are referred to as eyewear. It contains cellulose-acetate derived from plastic, glass, and metal in the production of contact lenses, sunglasses, and eyeglasses. To improve visual clarity, they are frequently employed for protection against dust, airborne particles, and ultraviolet (UV) radiation. The maintenance needs of eyewear are often low, and they also help to improve the wearer's comfort and visual health. Anti-fatigue, anti-glare, light-adaptive, and multifocal lenses are combined into novel product versions to enhance user comfort and visibility. The aging population in India is responsible for the growth in the eyewear market since they are more vulnerable to long-term eye conditions. Macular degeneration, glaucoma, blepharitis, and diabetes are conditions that can weaken and damage the eyes in the elderly, making visual impairment a common result. In addition, the growing incidence of additional conditions connected to vision, like computer vision syndrome (CVS), dry eyes, and chronic ocular irritation as a result of the increased use of digital gadgets that release harmful light, is supporting the expansion of the market.

Key Insights

• As per the analysis shared by our research analyst, India's Eyewear market is estimated to grow annually at a CAGR of around 12.1% over the forecast period (2024-2032).
• In terms of revenue, the India Eyewear market size was valued at around USD 6.61 billion in 2023 and is projected to reach USD 18.48 billion, by 2032.
• The rising prevalence of eye disorders in India is expected to propel India Eyewear market growth over the projected period.
• Based on the product, the spectacles segment is expected to hold a prominent market share during the forecast period.
• Based on the distribution channel, the independent brand showrooms segment is expected to grow at a rapid rate over the projected period.
• Based on the region, North India is expected to dominate the market over the projected period.

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India Eyewear Market: Growth Drivers

Rising urbanization and changing lifestyles drive market growth

The eyewear market is driven mostly by India's rapidly changing lifestyle patterns and rising urbanization. An increase in office employment and subsequent screen time due to population migration to cities has resulted in a rise in the prevalence of vision-related vision disorders. A growing trend in vision impairments is shown by the National Family Health Survey (NFHS), especially in urban areas. The need for corrective lenses is increasing as a result of changing lifestyles, which include using computers and cell phones more frequently and increasing the incidence of myopia and other eye disorders.

India Eyewear Market: Restraints

Affordability and access to eyewear impede market growth

The cost and availability of eyeglasses products, particularly in rural regions, is one of the major barriers to the Indian eyewear market. Even with growing awareness, a significant percentage of the public still considers high-quality eyewear to be somewhat costly. The World Health Organization (WHO) states that India has difficulties in offering all population segments access to reasonably priced eye care treatments. Furthermore, the accessibility of eye care services and goods is impacted by the restricted distribution network for eyeglasses in rural and isolated areas. The data from the National Sample Survey Organization (NSSO) shows differences in how affordable eye care facilities are distributed among India's various regions.

India Eyewear Market: Opportunities

Rising awareness of eye health offers an attractive opportunity for market growth

A major factor propelling the Indian eyewear market is the growing consciousness regarding the significance of maintaining good eye health and scheduling routine examinations. This awareness has been boosted by several public education efforts and government programs about vision care. In India, the National Program for Control of Blindness and Visual Impairment (NPCB&VI) is one of the awareness campaigns run by the Ministry of Health and Family Welfare. Furthermore, more individuals can now buy eyewear for both vision correction and fashion because of middle-class people's growing disposable earnings. Information regarding eye health and eyewear options has also been widely shared because of the growth of social media and internet platforms.

India Eyewear Market: Challenges

Regulatory constraints and standards pose a major challenge to market expansion

The expansion of India's eyewear market is hampered by quality standards compliance and regulatory restrictions. Regulations about import laws, quality requirements, and manufacturing procedures apply to the eyewear sector. Manufacturers are required to adhere to the quality and safety criteria for eyewear put out by the Bureau of Indian Standards (BIS). Adherence to these guidelines may result in higher production expenses, which could impact the cost of eyeglasses goods. The entire cost structure of the eyeglasses sector is impacted by import laws and tariffs on raw materials.

India Eyewear Market: Segmentation

India's eyewear industry is segmented based on product, gender, distribution channel, and region.

Based on the product, India's eyewear market is bifurcated into spectacles, sunglasses, and contact lenses. The spectacles segment is expected to hold a prominent market share during the forecast period. The market for corrective glasses is expanding as a result of a rise in the prevalence of visual diseases such as myopia, hyperopia, and astigmatism brought on by longer screen times and altered lifestyles. Additionally, as early detection and repair of vision impairments have been made possible by improved knowledge of eye health and frequent vision tests, sales of spectacles have soared. More people are drawn to spectacles because of advancements in lens technology, such as anti-glare, blue light filtering, and lightweight materials.

Based on gender, India's eyewear industry is segmented into men, women, and unisex.

Based on the distribution channel, India's eyewear market is segmented into optical stores, independent brand showrooms, online stores, and retail stores. The independent brand showrooms segment is expected to grow at a rapid rate over the projected period. Independent brand showrooms let clients engage with the brand directly, offering a distinctive and customized purchasing experience. This promotes repeat business and increases client loyalty. Additionally, a variety of products are frequently offered in these showrooms, including premium and exclusive collections that might not be found at multi-brand stores. Additionally, they provide customization choices, drawing clients searching for specialized services. Additionally, these showrooms support the development and maintenance of brand loyalty and identity. Positive consumer experiences increase the likelihood that they will refer the brand to others, which promotes word-of-mouth advertising and boosts sales.

India Eyewear Market: Report Scope

India Eyewear Market: Region Analysis

North India is expected to dominate the market over the forecast period

North India is expected to dominate the India Eyewear market over the forecast period. Urban hubs with large population densities, such as Chandigarh, Delhi, Noida, Gurugram, and Jaipur, are what fuel the demand for eyewear. Urbanization brings about changes in lifestyle, such as more time spent in front of screens, which raises the prevalence of vision issues and, in turn, the demand for corrective glasses. In addition, eyewear is becoming more and more popular in North India as a fashion item. There is an increasing demand, particularly from young people and working professionals, for fashionable and fashionable frames. The desire for stylish eyewear is largely driven by Bollywood influences and fashion trends established by celebrities. Additionally, with more discretionary income, the growing middle class in North India is spending more on high-quality eyewear.

India Eyewear Market: Competitive Analysis

India's eyewear market is dominated by players like:

• Essilor
• Lenskart
• Luxottica
• Titan Eye+
• John Deere
• Vogue Eyewear
• Ray-Ban
• Gucci
• Prada
• Hoya
• Moov
• Varilux
• Transitions
• Vincent Chase
• Relax
• Wildcraft
• Crizal

India's eyewear market is segmented as follows:

By Product

• Spectacles
• Sunglasses
• Contact Lenses

By Gender

• Men
• Women
• Unisex

By Distribution Channel

• Optical Stores
• Independent Brand Showrooms
• Online Stores
• Retail Stores

By Region

• North India
• West and Central India
• South India
• East India