India Eyewear Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2018 at a CAGR of XX%.
Based on product type, prescription glasses segment was held the largest share of the market in 2017 and also estimated to continue during the forecast period due to the rise in eye disorder incidences and increase eye problems due to raised usage of digital gadgets.
On the basis of the distribution channel, the online store is estimated to hold the largest share of the market during the forecast period due to online retailing provides more discounts and wider options to purchase, and the online platform becomes popular owing to that it provides the delivery to the doorstep by order of products.
It has been observed that 14228.06 million people have purchased eye wears online due to India preferring e-commerce websites and plastic payments as raised adoption of smartphones usage, the government took interest to make in digital India, and increasing technological advancements.
According to the end user, women segment is expected to hold the largest share of the market during the forecast period due to the rise in demand for fashionable and international brands of spectacles from women’s.
Increasing awareness for eye healthcare, a rise in purchasing power, increasing demand for robust eyewear, increased premium buyers, and increase preferences to the luxury and branded sunglasses in India will boost the market.
India is heaven for contact lenses, the largest market for contact lenses as affordable to the consumer as a cost of lenses is cheap as compared to the globe.
Contact lenses demand is estimated to boost the market in forecast period as the working population is increasing in India, women’s preferring to be a working women rather than housewife, women’s prefer contact lenses for being confident, smart & beautiful, many colours and brands are available in the contact lenses, and fashion trend is a major factor for dominate the market.
North India has held the 35% share of sunglasses market and also estimated to hold market during the forecast period. Delhi is expected to hold the largest share of the market in forecast period as a fashion trend is huge in Delhi city.
Rising demand for eye protection, increase in demand for vision correction spectacles, and rising demands for international brands in India. Increasing usage of digital gadgets among the youth population will increase the need for vision correction spectacles and contact lenses.
Key player’s studies, analyzed, profiled and benchmarked in eyewear market are Essilor, GKB High Tech, Carl Zeiss, Hoya, Ray-Ban, Maui Jim, Silk lens, Oakley, Sparkle, Biomedic 55, Alcon, Vintage, Vogue, and Vision Rx.
This Report Is Submitted By @Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH
Email: [email protected]
Contact: +91 9607365656