Eyewear Market in India 2019 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Eyewear Market in India 2019 Market. Some of the key players profiled in the study are GKB Opticals Limited, Hidesign India Private Limited, Lenskart Solutions Private Limited, Ronak Optik Private Limited, Titan Company Limited, Bausch & Lomb India Private Limited, Johnson & Johnson Private Limited, Rayban Sun Optics India Private Limited, Safilo India Private Limited, Sterling Meta Plast India Private Limited.
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Over the last decade, there has been a remarkable increase in the use of eyeglasses and contact lenses in India, owing to the rise in eye diseases and vision disorders like myopia, hypermetropia, and presbyopia. Moreover, over time, from functioning as a vision corrective product, eyewear has turned into a fashion accessory. This has further popularized the use of sunglasses and eyeglasses in India.
In India, the eyewear market is composed of both organized and unorganized players. The unorganized sector dominates the market with almost 70% market share. Titan Company Limited, GKB Opticals Limited, Lenskart Solutions Private Limited, Bausch & Lomb India Private Limited, and Johnson & Johnson Private Limited are some of the major players operating in the organized eyewear market. These players have accelerated the sale of eyewear products by generating awareness regarding vision disorders and setting up free eye check-up camps in tier-II and tier-III cities. Price differentiation between branded and unbranded eyewear products poses challenge for organized players to capture a substantial market share in the overall eyewear market.
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The eyewear market in India was valued at INR 492.37 Bn in 2018, and is expected to reach INR 966.73 Bn by 2024, expanding at a compound annual growth rate (CAGR) of ~11.90%, during the 2019-2024 period. The demand for prescription eyeglasses and contact lenses has picked up in the Indian market, owing to vision disorders, unhealthy lifestyle and age-related impairments among people. Rise in fashion and brand consciousness among the young population of the country and increase in the sale of branded eyewear are some of the important factors fueling the growth of prescription eyewear, as well as sunglasses in the domestic eyewear market. On the other hand, initiatives undertaken by the Indian government like setting up of free eye check-up and vision treatment programs have also contributed towards the growth of the eyewear market in India. However, presence of counterfeit products in the market and the increasing popularity of vision corrective surgeries act as major pitfalls for the market.
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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Eyewear Market in 2019 market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Eyewear Market in 2019 near future?
What is the impact analysis of various factors in the Eyewear Market in India 2019 market growth?
What are the recent trends in the regional market and how successful they are?
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Some extract from Table of Contents
• Overview of Eyewear Market in India 2019 Market
• Eyewear Market in 2019 Size (Sales Volume) Comparison by Type (2019-2025)
• Eyewear Market in 2019 Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Eyewear Market in 2019 Size (Value) Comparison by Region (2019-2025)
• Eyewear Market in 2019 Sales, Revenue and Growth Rate (2019-2025)
• Eyewear Market in 2019 Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
• Analyze competitors, including all important parameters of Eyewear Market in 2019
• Eyewear Market in India 2019 Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions
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