Press release
India Eyewear Market expected to reach nearly US$ 9.69 Bn. by 2027 with the CAGR of 11.90% during the forecast period.
Eyewear Market
The comprehensive research report delves into the multifarious aspects of the India Eyewear Market, providing insights into market trends, growth factors, challenges, and opportunities. The report employs a rigorous research methodology to analyze and forecast market dynamics, combining both quantitative and qualitative approaches. To gain a clear understanding of the research methodology, interested parties can access a free sample report.
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What are India Eyewear Market Dynamics?
Driving Forces and Market Restraints
Several factors drive the rapid growth of the India Eyewear Market. As per data from the Ministry of Health and Family Welfare, a significant 11.90% of the population is affected by myopia, underscoring the pressing need for corrective eyewear. Moreover, the growing geriatric population resulting from reduced birth rates, increased use of electronic gadgets among the youth, environmental factors such as dust and pollution, and a surging trend of fashion-driven sunglasses usage have collectively contributed to the market's expansion. The nation's improving economic conditions, heightened healthcare awareness, and elevated living standards have further catalyzed the eyewear market, leading to the sale of a staggering 1.2 billion eyewear products. Additionally, technological advancements and burgeoning investments in research and development have fostered the proliferation of smart wearable eyewear.
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India Eyewear Market Segmentation?
Regional Insights and Market Segmentation
India's eyewear market landscape is characterized by diverse regional trends. Notably, the prescription glasses segment commands a significant market share, driven by escalating incidences of eye disorders attributed to increased digital gadget usage. The distribution channel landscape also witnesses a paradigm shift, with online stores poised to dominate during the forecast period. The convenience, wide array of choices, and attractive discounts offered by online platforms have bolstered their popularity.
by Product Type
• Prescription Glasses
• Contact Lenses
• Sunglasses
by Distribution Channel
• Offline
• Online
by End User
• Men
• Women
Who are India Eyewear Market Key Players?
• Essilor
• GKB High Tech
• Carl Zeiss
• Hoya
• Ray-Ban
• Maui Jim
• Oakley
• Vintage
• Vogue
• Vision Rx
• Silk lens
• Sparkle
• Biomedic 55
• Alcon
• Police
• Ray-Ban
• Fastrack
• Polaroid
• Velocity
• Hidesign
• Idee Eyewear
• Vogue Eyewear
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Regional Insights:
India emerges as a thriving market for contact lenses, offering affordability and a rich selection. With the rise of the working population and a trend towards confident and fashionable choices, the demand for contact lenses is anticipated to soar. Northern India claims a substantial share of the sunglasses market, with Delhi poised to dominate the regional landscape due to its robust fashion culture and surging demand for eye protection and corrective eyewear.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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