The India eyewear market size reached US$ 9.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 9.7 Billion
Market Forecast in 2032
US$ 18.6 Billion
Market Growth Rate 2024-2032
7.3%
Eyewear refers to corrective and protective products and accessories worn on the eyes. It includes contact lenses, sunglasses and spectacles that are manufactured using metal, plastic-based cellulose-acetate and glass. They are widely used for protection against ultraviolet (UV) radiations, dust and air-bound particles to enhance visual clarity. Eyewear usually has minimal maintenance requirements and also aid in providing enhanced comfort and improving the visual health of the wearer. Novel product variants are integrated with anti-fatigue, anti-glare, light-adaptive and multifocal lenses for added comfort and improved visibility for the users.
India Eyewear Market Trends:
The growth in the India eyewear market can be attributed to the increasing geriatric population, which is more prone to chronic eye-related diseases. Elderly individuals are highly susceptible to developing macular degeneration, glaucoma, blepharitis and diabetes that can weaken and damage the eyes, thereby leading to poor vision. Additionally, the increasing prevalence of other eyesight-related disorders, such as dry eyes, chronic eye irritation and computer vision syndrome (CVS) due to the rising exposure to digital devices that emit harmful lights is positively impacting the market growth. Various technological advancements, such as the advent of three-dimensional (3D) printed eyewear, are favoring the market growth. These products provide enhanced customizability and can aid in creating trendy looks for the wearers. Other factors, including the launch of affordable and aesthetically appealing eyewear, along with the implementation of various awareness programs by both government and non-government institutions regarding eye care, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India eyewear market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product, gender and distribution channel.
Breakup by Product:
Spectacles
Sunglasses
Contact Lenses
Breakup by Gender:
Men
Women
Unisex
Breakup by Distribution Channel:
Optical Stores
Independent Brand Showrooms
Online Stores
Retail Stores
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product, Gender, Distribution Channel, Region
Region Covered
North India, West and Central India, South India, East India
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The India eyewear market was valued at US$ 9.7 Billion in 2023.
We expect the India eyewear market to exhibit a CAGR of 7.3% during 2024-2032.
The rising prevalence of ocular diseases, along with the increasing integration of eyewear with anti-fatigue, anti-glare, light-adaptive, and multifocal lenses for an added comfort and improved visibility, is primarily driving the India eyewear market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of eyewear.
Based on the product, the India eyewear market can be segmented into spectacles, sunglasses, and contact lenses. Currently, spectacles hold the majority of the total market share.
Based on the gender, the India eyewear market has been divided into men, women, and unisex. Among these, unisex currently exhibits a clear dominance in the market.
Based on the distribution channel, the India eyewear market can be categorized into optical stores, independent brand showrooms, online stores, and retail stores. Currently, optical stores account for the largest market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where North India currently dominates the India eyewear market.
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