India Eyewear Market to Worth USD 19.6 Billion by 2033 | With a Striking 6.94% CAGR

India Eyewear Market Overview

Market Size in 2024: USD 10.4 Billion
Market Forecast in 2033: USD 19.6 Billion
Market Growth Rate: 6.94% (2025-2033)

According to the latest report by IMARC Group, the eyewear market in India was valued at USD 10.4 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 19.6 Billion by 2033, exhibiting a CAGR of 6.94% from 2025-2033.

India Eyewear Industry Trends and Drivers:

The Indian eyewear market is presently at its peak and is likely to witness tremendous growth in the coming years due to multiple factors contributing to the future of the sector. Some of the important factors that have propelled the growth of this market include the increase in disposable income among Indian consumers. When more individuals had great access to more financial resources, the demands for high-quality eye wearing went both ways-for vision correction and fashion purposes. There has been increasingly awareness on eye health and vision correction, which have spurred on further developments. Newer consumers are becoming more aware of the needs attached to acquiring corrective eyewear, which positively influences both optometric services as well as prescription glasses and lenses. As well, demand for new designs to produce eyeglass frames has been fuelled by change in genteel consumer behaviour toward more stylish and fashionable eyewear, thus creating a need for innovative designs to be created to cater for a wide array of wants-from classical to contemporary ones.

The market is also being heavily influenced by technological advancements and product innovations and will open new avenues in growth henceforth. Manufacturers have started adding cutting-edge stuff like lightweight materials, tougher durability, and lens technologies that offer more protection from UV rays, glare, and blue light. All these innovations have both very positive solutions on hand, newly defined aesthetics of how people tend to share ideal lifestyle aspirations while contributing to the necessary and public attitudes changing. Meanwhile, the online expansion of successful retail e-commerce platforms has revolutionized the way eyewear brands sell and market eyeglasses. Shopping from home coupled with a wide range of brands and styles has made online eyewear shopping more attractive for customers and thus contributed rapidly to the digital eyewear market. Such a shift has also enabled brands to reach larger diversified audiences to propel growth prospects within the sector.

The India eyewear market is likely to be on the uptrend until 2025-2033, having all these evolving consumer needs and the expanding distribution channels as its strengths for continued growth. The growing trend of online shopping and demand for customizable trendy eyewear appears to be strong drivers for the future. As the market continues to mature, more retailers and manufacturers are expected to extend their product lines into different categories of eyewear, including sunglasses, prescription eyewear, and fashion eyeglasses. Hence, increasing collaborations between eyewear brands and fashion designers are expected to enhance demand for stylish, premium eyewear products. All of this indicates a steady growth potential for the India eyewear market by focusing on consumer trends and technological advancements continuously shaping the industry.

Download sample copy of the Report: https://www.imarcgroup.com/india-eyewear-market/requestsample

India Eyewear Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Product:
• Spectacles
• Sunglasses
• Contact Lenses

Analysis by Gender:
• Men
• Women
• Unisex

Analysis by Distribution Channel:
• Optical Stores
• Independent Brand Showrooms
• Online Stores
• Retail Stores

Regional Analysis:
• 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.

Latest News and Developments:
• 18 January 2025: Transe Vision Care, a renowned eye care services provider, has started a collaborative initiative with Netra Kumbh, a Mahakumbh flagship project, to serve the general public with excellent eye care services. As part of this partnership, a group of skilled optometrists from esteemed organizations such as LV Prasad Shankar Netralya has been brought together by Transe Vision Care to provide personalized glasses to numerous individuals.

• 10 October 2024: Leading smart wearable technology company Focally has launched Spectunes, a novel and innovative collection of smart eyewear that expertly combines handcrafted frames with affordability, style, and functionality. With a wide range of prices, Spectunes aims to transform the eyewear industry through its advanced solutions.
• 7 October 2024: Lenskart, the premier eyewear company in India, has launched its first physical location in Mussoorie, Uttarakhand. The new location, spanning 580 square feet, will provide the residents of the town with free eye exams in addition to stylish eyewear.

• 1 April 2024: Le Petit Lunetier, a new French eyewear brand, has been introduced in India by Lenskart as an exclusive partner. This launch is the first foreign addition to Lenskart's portfolio and demonstrates the brand's continued dedication to providing cutting-edge global brands and products to Indian consumers.

Key highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=5609&flag=C

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About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.