Market Forecast By Product (Spectacles, Sunglasses, Contact Lenses, Others), By End-user (Male, Female, Unisex), By Distribution Channels (Online, Offline) and competitive landscape
|Product Code: ETC002615||Publication Date: Feb 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
India Eyewear Market is growing at a steady rate owing to rising disposable income and growing awareness among people about eye health. Lenskart one of India’s leading online eyewear retailers has recently launched its AI-powered virtual try-on technology which typically allows customers to try on frames from their smartphones. On the other hand, Titan Eyeplus, the eyewear division of the Titan Company has recently introduced a range of smart glasses equipped with voice-controlled navigation and other features which is a major development in the eyewear industry. Moreover, Vision Express, one of the leading optical retail chains in India has opened its first store in Mumbai. The company has plans to open more stores across the country over the next five years.
Online sales channels have become increasingly popular in India as they offer a wide range of eyewear products at competitive prices, making it easy for consumers to purchase eyewear products from their comfort zones. Domestic players are expanding their operations to meet the growing demand for eyewear products in India. The introduction of advanced technologies in the eyewear industry has been a major contributor to the growth of the India eyewear market. Companies are now offering products with features like anti-glare lenses, polarized lenses, and photochromic lenses, which have become popular among consumers.
India Eyewear market is expected to register growth during the forecast period 2020-26F on the back of an increase in the adoption of premium eyewear products coupled with the introduction of classic and innovative designs of eyewear products which are anticipated to drive demand for the latest designs of eyewear in the near future in the country. Further, rising consumer consciousness regarding the image and style of eyewear products is expected to proliferate the growth of the India eyewear market in the upcoming six years. Moreover, rising concerns for quality products for vision correction coupled with rising brand consciousness amongst consumers are likely to benefit the growth of the Indian eyewear market.
According to 6Wresearch, India Eyewear Market is anticipated to witness growth during the forecast period 2020-26F. The spread of COVID-19 is expected to lead to the decline of the India eyewear market backed by disturbances in the supply chain and discontinuation of production. Thus, consequent disruptions in operations in the lockdown period in the country are likely to dip the sales revenue for many of the top eyewear brands in the near term and significantly contribute towards the slow growth of the India eyewear market in the coming years.
|Report Name||India Eyewear Market|
|Report Coverage||Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share|
|Segment Coverage||By Product, By End-User, By Distribution Channels|
|Customization Scope||100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at firstname.lastname@example.org|
|Pricing and Purchase Options||Avail customization purchase option to know the exact pricing of your research needs|
On the basis of product, the spectacles domain of the India eyewear market is anticipated to dominate the overall market revenues in the coming years owing to rising vision-related issues in the country coupled with the increased use of laptops and PCs which is initiating the adoption of UV protected lens to ensure eye safety while working over laptops and PCs. Moreover, sunglasses are expected to register the second-highest growth rate in the overall India eyewear market in the upcoming six years on the back of rising fashion trends and concerns regarding eye protection against harmful rays of the sun and is anticipated to proliferate the demand for sunglasses in India in the coming years.
The India Eyewear report thoroughly covers the market by End-user, Product, and Distribution Channels. India Eyewear outlook report provides an unbiased and detailed analysis of the ongoing India Eyewear trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
The India eyewear market is estimated to gain traction in the coming years on the back of a rise in eye health-related problems such as myopia and hyperopia coupled with an increased geriatric population simultaneously leading to increased adoption of spectacles to help the wearer in achieving the clear vision. Further, on the basis of product type contact lenses are estimated to ensure exponential growth in the market owing to increased physical appearance which prompted the customer to prefer contact lenses over spectacles is estimated to generate lucrative sales revenues for the eyewear objects and would instigate the prominent growth of India eyewear market in the coming timeframe.
An increase in the adoption of luxury eyewear products in the country coupled with advancements in optometry. Further, the rising use of sunglasses as a fashion trend along with the rising inclination of the youth towards premium and luxurious fashion accessories is, further anticipated to trigger the eyewear market growth in India during the projected period 2020-26F. Moreover, the easy availability and affordable cost of eyewear lenses are anticipated to spur the growth of the eyewear market in India in the coming years. On the basis of product, contact lenses are anticipated to register the highest growth in the overall Indian eyewear market backed by comfort and curiosity amongst the people to get rid of spectacles. Moreover, the high use of soft contact lenses by sportspersons as contact lenses tend to provide greater freedom and comfort to perform strenuous activities. Additionally, sunglasses are expected to register the second highest growth followed by contact lenses owing to an increase in fashion statements by the Asian population.
The India Eyewear Market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1. Report Description|
|2.2. Key Highlights of The Report|
|2.3. Market Scope & Segmentation|
|2.4. Research Methodology|
|3. India Eyewear Market Overview|
|3.1. India Eyewear Market Revenues, 2016-2026F|
|3.2. India Eyewear Market Revenue Share, By End-Users, 2019 & 2026F|
|3.3. India Eyewear Market Revenue Share, By-Products, 2019 & 2026F|
|3.4. India Eyewear Market Revenue Share, By Distribution Channels, 2019 & 2026F|
|3.5. India Eyewear Market Revenue Share, By Regions, 2019 & 2026F|
|3.6. India Eyewear Market Industry Life Cycle|
|3.7. India Eyewear Market- Porter’s Five Forces|
|4. India Eyewear Market Dynamics|
|4.1. Impact Analysis|
|4.2. Market Drivers|
|4.3. Market Restraints|
|5. India Eyewear Market Trends|
|6. India Eyewear Market Overview, By End-Users|
|6.1. India Eyewear Market Revenues, By Men, 2016-2026F|
|6.2. India Eyewear Market Revenues, By Women, 2016-2026F|
|6.3. India Eyewear Market Revenues, By Unisex, 2016-2026F|
|7. India Eyewear Market Overview, By-Products|
|7.1. India Eyewear Market Revenues, By Sunglasses, 2016-2026F|
|7.2. India Eyewear Market Revenues, By Spectacles, 2016-2026F|
|7.3. India Eyewear Market Revenues, By Contact Lenses, 2016-2026F|
|7.4. India Eyewear Market Revenues, By Others, 2016-2026F|
|8. India Eyewear Market Overview, By Distribution Channels|
|8.1. India Eyewear Market Revenues, By Online, 2016-2026F|
|8.2. India Eyewear Market Revenues, By Offline, 2016-2026F|
|9. India Eyewear Market Overview, By Region|
|9.1. India Eyewear Market Revenues, By Region, 2016-2026F|
|10. India Eyewear Market Key Performance Indicators|
|11. India Eyewear Market Opportunity Assessment|
|11.1. India Eyewear Market, Opportunity Assessment, By Product, 2025F|
|11.2. India Eyewear Market, Opportunity Assessment, By Region, 2025F|
|12. India Eyewear Market Competitive Landscape|
|12.1. India Eyewear Market Competitive Benchmarking, By Product|
|12.2. India Eyewear Market Revenue Share, By Company, 2019|
|13. Company Profiles|
|14. Key Strategic Recommendations|