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Learn moreAug 2020
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Sales of eyewear are expected to experience a dramatic fall in 2020 in value terms at constant 2020 prices due to the implementation of lockdown, home seclusion and social distancing measures in place to halt the spread of COVID-19. During lockdown, when the strictest measures were in place, only a handful of optical shops were allowed to remain open, with the remainder forced to close, bringing almost all sales via this channel to a complete halt.
India’s lockdown came into effect on 25 March 2020. All forms of movement were restricted for consumers apart from those classified as essential workers, including medical workers, police and grocery shop owners.
Essilor India Pvt Ltd retained its leading position in eyewear in 2019. The company led in spectacles and contact lenses and solutions thanks to its strong brand recall among consumers and its new product offerings.
Optical shops has traditionally been the largest channel from where consumers prefer to purchase their eyewear. This is largely because consumers prefer visiting an optician to ensure that they make the right product purchase.
The eyewear market in India is likely to bounce back well from 2021 onwards as spectacles and contact lenses will benefit from their value as medical devices, helping many people to see and therefore to function better on a daily basis. As a result, the market as a whole is likely to be broadly insulated from increased consumer price sensitivity and a desire to make savings where possible over the course of the forecast period.
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This Euromonitor market report provides market trend and market growth analysis of the Eyewear industry in India. With this market report, you’ll be able to explore in detail the changing shape and potential of the industry. You will now be able to plan and build strategy on real industry data and projections.
The Eyewear in India market research report includes:
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This industry report originates from Passport, our eyewear market research database.
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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.