Indian Eyewear Market Size Likely to Reach at a CAGR of 11.93% By 2033

Indian Eyewear Market size was valued at USD 6,600 Million in 2024 and is expected to reach USD 11,930 Million by 2033, at a CAGR of 11.93% during the forecast period 2024 – 2033.

Indian Eyewear Market: Overview

The India eyewear market is experiencing substantial growth, driven by multiple factors influencing consumer behavior and industry dynamics. Eyewear, encompassing prescription glasses, sunglasses, and contact lenses, serves not only functional needs like vision correction but also fashion and lifestyle preferences.

Urbanization and shifting lifestyles in India are key drivers, with increased exposure to digital screens contributing to rising vision impairments, particularly among urban populations. Lifestyle changes, such as smartphone and computer use, are leading to higher demand for corrective eyewear.

Awareness campaigns by government bodies like the Ministry of Health and Family Welfare are also playing a crucial role in educating the public about eye health. Rising disposable incomes among the middle class are making eyewear more affordable and accessible to a broader demographic.

Despite these positive trends, affordability remains a challenge, especially in rural areas where quality eyewear products are relatively expensive and distribution networks are limited.

Regulatory constraints, including adherence to quality standards set by the Bureau of Indian Standards (BIS), add to production costs and influence pricing. However, the rise of e-commerce platforms presents significant opportunities for the eyewear market. Online retailing allows consumers, particularly younger demographics, to access a wide range of eyewear products conveniently.

Fashion trends are driving demand, with eyewear becoming a statement accessory. This trend is particularly noticeable among urban millennials and Gen Z, who value both functionality and style. The Indian eyewear market is segmented by product type (spectacles, sunglasses, contact lenses), end users (men, women, kids), and distribution channels (optical stores, independent showrooms, online stores, retail stores).

In terms of regional insights, major markets include urban centers like Delhi-NCR, Chandigarh, Karnataka, Tamil Nadu, Maharashtra, Gujarat, West Bengal, and Odisha. Each region has its unique characteristics, reflecting diverse consumer preferences and economic profiles. The market’s future looks promising, driven by increasing urbanization, rising disposable incomes, and a growing focus on personal grooming and fashion.

Recent developments, such as collaborations between eyewear retailers and sports or fashion brands, highlight the market’s dynamism. For example, Lenskart partnered with a sports brand to launch performance-focused eyewear, catering to fitness enthusiasts. Titan Eye+ expanded its presence in Eastern India, targeting tier 2 and tier 3 cities.

Report Scope

CMI has comprehensively analyzed India’s Eyewear market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this India Eyewear industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players which were studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.

List of the prominent players in the Indian Eyewear Market:

• Lenskart
• Titan Eye+
• Luxottica
• Essilor
• John Deere
• Ray-Ban
• Vogue Eyewear
• Prada
• Gucci
• Hoya
• Crizal
• Varilux
• Transitions
• Relax
• Vincent Chase
• Wildcraft
• Moov
• Others

The Indian Eyewear Market is segmented as follows:

By Product Type

• Spectacles
• Sunglasses
• Contact Lenses

By End Users

• Men
• Women
• Kids

By Distribution Channel

• Optical Stores
• Independent Brand Showrooms
• Online Stores
• Retail Stores