Product Code: ETC048124 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India optical stores market import shipments witnessed a robust CAGR from 2020 to 2024. The growth rate between 2023 and 2024 accelerated, indicating a strong upward momentum in the market. Overall, the market expanded significantly, showing a positive and consistent growth trend during the period.
The India optical stores market is estimated to be valued at USD 1.18 billion in 2025 and is projected to reach USD 1.46 billion by 2031, registering a CAGR of 3.3% during the forecast period (2025-2031). The base year considered for the market study is 2025, and the forecasted period is from 2025 to 2031. Rising population, growing awareness about eye health, increasing disposable incomes are some of the major factors driving the growth of this market.
Growing Population: The rapid growth in population has increased demand for optical products such as contact lenses and spectacles among individuals with vision problems which drives the growth of India Optical Stores Market during forecast years . Increasing Disposable Income: With rising disposable income people have more money to spend on their vision care needs like purchasing branded sunglasses or contact lenses resulting into increase in sale through optical store outlets due to affordability factor associated with it thus boosting overall revenue generation from these stores .Technological Advancements & Innovations: Increasing technological advancements and innovations like digital ophthalmology devices used by optometrists present in optical stores provide better vision care experience resulting into higher customer satisfaction levels which further lead to increase in sales volume through these outlets
Limited Accessibility To Rural Areas : Inadequate accessibilities coupled with lack of availability of quality healthcare services make rural areas not so attractive destination for optical product manufacturers hence limiting their sales through physical retail outlets . High Cost Of Products And Treatments : Despite rise in disposable income most consumers cannot afford cost associated with advanced treatments or branded eyewear available at high end retail locations thereby restricting consumer base for same thus negatively impacting overall revenue generated from these stores.
Essilor International S.A., Luxottica Group SpA , HOYA Corporation , GrandVision BV , ZEISS International amongst others are some key players operating across India Optical Stores Market landscape contributing significantly towards its development over time frame considered herein report scope.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Optical Stores Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Optical Stores Market Revenues & Volume, 2021 & 2031F |
3.3 India Optical Stores Market - Industry Life Cycle |
3.4 India Optical Stores Market - Porter's Five Forces |
3.5 India Optical Stores Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Optical Stores Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Optical Stores Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about eye health and vision care leading to higher demand for optical products and services. |
4.2.2 Rising disposable income levels in India driving consumer spending on premium eyewear products. |
4.2.3 Technological advancements in the optical industry leading to innovation and new product developments. |
4.2.4 Growing prevalence of eye-related disorders and vision problems among the Indian population. |
4.2.5 Increasing fashion consciousness and the trend of using eyewear as a style statement. |
4.3 Market Restraints |
4.3.1 Intense competition among optical stores leading to pricing pressures and margin erosion. |
4.3.2 Lack of standardized regulations in the Indian optical industry affecting quality control and customer trust. |
4.3.3 Limited access to eye care services in rural areas hindering market penetration. |
4.3.4 Fluctuating raw material costs impacting the pricing strategies of optical products. |
4.3.5 Challenges in adopting digital platforms for sales and marketing in traditional brick-and-mortar stores. |
5 India Optical Stores Market Trends |
6 India Optical Stores Market, By Types |
6.1 India Optical Stores Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Optical Stores Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Optical Stores Market Revenues & Volume, By Contact Lenses, 2021-2031F |
6.1.4 India Optical Stores Market Revenues & Volume, By Spectacles, 2021-2031F |
6.1.5 India Optical Stores Market Revenues & Volume, By Sunglasses, 2021-2031F |
6.2 India Optical Stores Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Optical Stores Market Revenues & Volume, By E-Commerce, 2021-2031F |
6.2.3 India Optical Stores Market Revenues & Volume, By Brick & Mortar, 2021-2031F |
7 India Optical Stores Market Import-Export Trade Statistics |
7.1 India Optical Stores Market Export to Major Countries |
7.2 India Optical Stores Market Imports from Major Countries |
8 India Optical Stores Market Key Performance Indicators |
8.1 Average revenue per customer (ARPC) indicating the average amount spent by each customer at optical stores. |
8.2 Customer satisfaction score reflecting the level of satisfaction with products and services provided by optical stores. |
8.3 Number of new product launches showcasing the innovation and product development within the optical industry. |
8.4 Percentage of repeat customers highlighting the loyalty and retention rate of customers at optical stores. |
8.5 Average wait time for eye examinations and product delivery showing the efficiency of service delivery in optical stores. |
9 India Optical Stores Market - Opportunity Assessment |
9.1 India Optical Stores Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Optical Stores Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Optical Stores Market - Competitive Landscape |
10.1 India Optical Stores Market Revenue Share, By Companies, 2024 |
10.2 India Optical Stores Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |