India Sunglasses Market (2024-2030) | Share, Size, Revenue, Growth, Value, Analysis, Forecast, Companies, Industry, Outlook & Trends

Market Forecast By Product Type (Polarized, Non-polarized), By End-Users (Women, Men, Unisex), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC016184 Publication Date: Aug 2023 Updated Date: Apr 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Sunglasses Market Shipment Analysis

India Sunglasses Market registered a growth of 58.81% in value shipments in 2022 as compared to 2021 and a decrease of -3.95% CAGR in 2022 over a period of 2017. In Sunglasses Market India is becoming less competitive as HHI index in 2022 was 5756 while in 2017 it was 5672. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Sunglasses Market.

India Sunglasses Market Competition 2023


India Export Potential Assessment For Sunglasses Market (Values in Thousand)


India Sunglasses Market Synopsis

India sunglasses market is expected to grow at a CAGR of 10.7% during the forecast period 2020-2026. The growth of the sunglasses market in India can be attributed to several factors, such as increasing disposable income and growing fashion consciousness among consumers in the country. Moreover, rising awareness about UV protection from the sun?s harmful rays is also fuelling demand for sunglasses in India. Growing modern retail formats such as shopping malls and online channels are making it easier for customers to purchase branded eyewear products like polarized lenses and designer frames. Additionally, major players operating in this industry are focusing on product innovation with respect to lens material, frame shape & size, technology integration (e-tint), high quality finishes etc., which will further contribute towards growth of this sector over coming years.

Drivers of the Market:

? Increasing Disposable Income : Rising urban population leading more people into middle class bracket resulting higher spending power enabling them to buy luxury items such as Sunglasses

? Growing Fashion Consciousness Among Consumers: Growing inclination towards trendy looks coupled with desire among millennials & Gen Z groups aging between 18 ? 35 years who prefer wearing fashionable spectacles or glasses for everyday use is creating huge potential opportunity for eyewear manufacturers

? Awareness About UV Protection :Growing consumer awareness regarding harmful effects caused due excessive exposure sunlight without protection has fuelled surge demand sun protective goggles within Indian consumer base

Challenges of the Market:

? Counterfeits Products : Presence large counterfeit network that mimic popular brands offering cheaper imitation products thereby affecting sales original ones

? Limited Distribution Channels : Upcoming small regional suppliers lack access major distribution networks limiting their ability compete larger brands terms pricing margin visibility presence thus proving difficult task penetrate deeper markets beyond metros tier cities

Key Highlights of the Report:

  • India Sunglasses Market Outlook
  • Market Size of India Sunglasses Market, 2023
  • Forecast of India Sunglasses Market, 2030
  • Historical Data and Forecast of India Sunglasses Revenues & Volume for the Period 2020-2030
  • India Sunglasses Market Trend Evolution
  • India Sunglasses Market Drivers and Challenges
  • India Sunglasses Price Trends
  • India Sunglasses Porter's Five Forces
  • India Sunglasses Industry Life Cycle
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By Polarized for the Period 2020-2030
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By Non-polarized for the Period 2020-2030
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By End-Users for the Period 2020-2030
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By Women for the Period 2020-2030
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By Men for the Period 2020-2030
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By Unisex for the Period 2020-2030
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By Distribution Channel for the Period 2020-2030
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By Online for the Period 2020-2030
  • Historical Data and Forecast of India Sunglasses Market Revenues & Volume By Offline for the Period 2020-2030
  • India Sunglasses Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By End-Users
  • Market Opportunity Assessment By Distribution Channel
  • India Sunglasses Top Companies Market Share
  • India Sunglasses Competitive Benchmarking By Technical and Operational Parameters
  • India Sunglasses Company Profiles
  • India Sunglasses Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Sunglasses Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Sunglasses Market Revenues & Volume, 2020 & 2030F

3.3 India Sunglasses Market - Industry Life Cycle

3.4 India Sunglasses Market - Porter's Five Forces

3.5 India Sunglasses Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 India Sunglasses Market Revenues & Volume Share, By End-Users, 2020 & 2030F

3.7 India Sunglasses Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F

4 India Sunglasses Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Sunglasses Market Trends

6 India Sunglasses Market, By Types

6.1 India Sunglasses Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 India Sunglasses Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 India Sunglasses Market Revenues & Volume, By Polarized, 2020-2030F

6.1.4 India Sunglasses Market Revenues & Volume, By Non-polarized, 2020-2030F

6.2 India Sunglasses Market, By End-Users

6.2.1 Overview and Analysis

6.2.2 India Sunglasses Market Revenues & Volume, By Women, 2020-2030F

6.2.3 India Sunglasses Market Revenues & Volume, By Men, 2020-2030F

6.2.4 India Sunglasses Market Revenues & Volume, By Unisex, 2020-2030F

6.3 India Sunglasses Market, By Distribution Channel

6.3.1 Overview and Analysis

6.3.2 India Sunglasses Market Revenues & Volume, By Online, 2020-2030F

6.3.3 India Sunglasses Market Revenues & Volume, By Offline, 2020-2030F

7 India Sunglasses Market Import-Export Trade Statistics

7.1 India Sunglasses Market Export to Major Countries

7.2 India Sunglasses Market Imports from Major Countries

8 India Sunglasses Market Key Performance Indicators

9 India Sunglasses Market - Opportunity Assessment

9.1 India Sunglasses Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 India Sunglasses Market Opportunity Assessment, By End-Users, 2020 & 2030F

9.3 India Sunglasses Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F

10 India Sunglasses Market - Competitive Landscape

10.1 India Sunglasses Market Revenue Share, By Companies, 2023

10.2 India Sunglasses Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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