| Product Code: ETC369564 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s spectacle frame and mounting import shipments in 2024 saw significant contributions from top exporting countries including China, Italy, Vietnam, Austria, and Hong Kong. The industry displayed a high Herfindahl-Hirschman Index (HHI) concentration, indicating a competitive market landscape. With a notable compound annual growth rate (CAGR) of 39.19% from 2020 to 2024, and a growth rate of 29.19% from 2023 to 2024, the sector demonstrates robust expansion and strong demand for imported products within the Indian market.

The India spectacle frame and mounting market size was valued at USD 63 million in 2018 and is expected to register a CAGR of 8.44% over the forecast period 2025-2031. The increasing prevalence of vision impairment amongst the youth population around 10?30 years due to excessive use of smartphones and laptops coupled with widespread availability of spectacles frames at competitive prices has augmented the growth prospects for this segment over recent years. Moreover, factors such as technological advancements leading to product innovations along with rising disposable income have also bolstered their demand among consumers in India who prefer fashionable eyewear according to their facial structure or requirements without spending too much on prescription lenses or branded frames.
The spectacle frame and mounting market in India are witnessing steady growth, driven by several key factors. One of the primary drivers is the increasing prevalence of vision-related issues and the rising number of individuals requiring corrective eyewear. As the population ages and digital device usage becomes more prevalent, the demand for prescription eyeglasses has surged, leading to higher sales of spectacle frames and mountings. Moreover, the fashion-consciousness of consumers has contributed to the popularity of spectacle frames as a style accessory. Consumers seek a wide variety of stylish and trendy frames that complement their personality and overall look. Additionally, the growth of e-commerce platforms and online optical retailers has expanded the market reach, providing consumers with convenient access to a wide range of spectacle frames and mountings.
The smart thermostat market in India is experiencing growth as consumers adopt energy-efficient home automation solutions. Smart thermostats offer features like remote temperature control and energy usage optimization. However, the market faces challenges. One of the key challenges is the initial cost of smart thermostats, which can be a concern for price-sensitive consumers. The compatibility of smart thermostats with existing heating, ventilation, and air conditioning (HVAC) systems can also be a challenge, requiring additional investments in HVAC upgrades. Moreover, data privacy and security concerns regarding the collection and storage of consumer data by smart thermostats can impact consumer trust. Ensuring data protection and providing transparent data handling practices are crucial for the successful adoption of smart thermostats.
The spectacle frame and mounting market in India experienced challenges during the COVID-19 pandemic. The restrictions and fear of infection reduced footfall in retail stores, impacting the sales of eyewear products, including spectacle frames and mountings. The closure of optical shops and disrupted supply chains also affected the availability of new products and replacement parts. Additionally, the economic uncertainties led some consumers to postpone discretionary purchases, including eyewear. However, the market demonstrated some resilience as e-commerce platforms gained prominence during the pandemic, offering a convenient way for consumers to purchase eyewear online. As the situation improves and consumer confidence returns, the spectacle frame and mounting market is expected to recover, supported by the growing eyewear industry in India.
The spectacle frame and mounting market in India have witnessed steady growth, driven by factors like an increase in vision-related disorders and the growing demand for fashionable eyewear. Key players in this market include companies like Luxottica India, Safilo India, Essilor India, and Carl Zeiss Vision India. These companies offer a wide range of spectacle frames and mountings, including prescription glasses, sunglasses, and trendy designer frames. They focus on continuous innovation and collaborations with fashion designers to introduce stylish and lightweight frames that cater to different age groups and fashion preferences. To reach a broader consumer base in India, these key players collaborate with optometrists, ophthalmologists, and optical retail chains across the country.