PROSPECTS AND OPPORTUNITIES
Growing use of digital devices will drive growth for spectacles in the forecast period
As awareness of eye health increases and the population ages, the need for corrective and preventive eyewear solutions is anticipated to rise steadily, driving current value growth for spectacles in India in the forecast period. In particular, the growing use of digital devices is expected to drive demand for spectacle lenses and frames in India, particularly those tailored to address vision-related issues associated with prolonged screen time.
Although offline retail channels will remain dominant, significant growth is anticipated for retail e-commerce
While traditional offline retail stores such as optical goods stores continue to hold dominance in spectacles in India, the burgeoning growth of retail e-commerce presents a notable shift in the retail landscape. Brands are increasingly recognising the potential of online platforms to reach a wider audience and cater to the evolving preferences of consumers.
Emergence of sustainable eyewear solutions expected in the forecast period
Sustainability remains a niche in eyewear in India, with limited brands currently offering environmentally-friendly options for consumers. However, there is growing anticipation of an upsurge in sustainable eyewear in the forecast years.
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Overview:
Understand the latest market trends and future growth opportunities for the Spectacles industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Spectacles industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Spectacles in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Spectacles in India?
- How are sales of contact lenses performing compared to spectacles?
- Which are the leading brands in Spectacles in India?
- How are products distributed in Spectacles in India?
- How are demographic changes impacting demand?
- To what extent are fashion and consumer affluence growth determinants?
- Where is future growth expected to be most dynamic?
Spectacles in India - Category analysis
KEY DATA FINDINGS
Spectacles exhibits stable single-digit value growth in 2024
Advances in vision correction mark a new focus point in the industry
Essilor India leads spectacles with premium product offerings and wide product distribution
Growing use of digital devices will drive growth for spectacles in the forecast period
Although offline retail channels will remain dominant, significant growth is anticipated for retail e-commerce
Emergence of sustainable eyewear solutions expected in the forecast period
Eyewear in India - Industry Overview
Eyewear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for eyewear?
DISCLAIMER
The following categories and subcategories are included:
Spectacles
- Readymade Reading Glasses
- Spectacle Frames
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- Standard Spectacle Lenses
- Myopia Control Spectacle Lenses
Spectacles
This is the aggregation of spectacle frames, spectacle lenses and readymade reading glasses.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Spectacles research and analysis database.
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