Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.61 Billion | USD 18.48 Billion | 12.1% | 2023 |
FrequentlyAsked Questions
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 as 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 India 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.
According to the report, India's 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.
India's eyewear market is expected to grow at a CAGR of 12.1% during the forecast period.
India's eyewear market growth is driven by North India. It is currently the nation's highest revenue-generating market due to the presence of major manufacturers.
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 and Crizal among others.
India's eyewear market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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