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Country Report

Eyewear in

Eyewear in India

Aug 2020

US$1,210

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

COVID-19 impact on eyewear

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.

COVID-19 country impact

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.

Company response

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.

Retailing shift

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.

What next for eyewear?

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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Samples

Eyewear Sample Report Sample Data Extraction

Overview

Why 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.

Samples (FAQs about samples):

Delivery: Files are delivered directly into your account within a few minutes of purchase.

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:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

How are sales of contact lenses performing compared to spectacles?
What’s the growth potential for emerging retail channels in eyewear?
How are demographic changes impacting the industry in India?

Why 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 industry report originates from Passport, our eyewear market research database.

Each report is delivered with the following components:
Report: PDF
Market statistics: Excel workbook

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Eyewear in India

EXECUTIVE SUMMARY

COVID-19 impact on eyewear

COVID-19 country impact

Company response

Retailing shift

What next for eyewear?

MARKET DATA

Table 1 Sales of Eyewear by Category: Volume 2015-2020
Table 2 Sales of Eyewear by Category: Value 2015-2020
Table 3 Sales of Eyewear by Category: % Volume Growth 2015-2020
Table 4 Sales of Eyewear by Category: % Value Growth 2015-2020
Table 5 NBO Company Shares of Eyewear: % Value 2015-2019
Table 6 LBN Brand Shares of Eyewear: % Value 2016-2019
Table 7 Distribution of Eyewear by Format: % Value 2015-2020
Table 8 Forecast Sales of Eyewear by Category: Volume 2020-2025
Table 9 Forecast Sales of Eyewear by Category: Value 2020-2025
Table 10 Forecast Sales of Eyewear by Category: % Volume Growth 2020-2025
Table 11 Forecast Sales of Eyewear by Category: % Value Growth 2020-2025

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DEFINITIONS

SOURCES

Summary 1 Research Sources

Sunglasses in India

KEY DATA FINDINGS

2020 IMPACT

Retail closures and travel restrictions during lockdown in response to COVID-19 cause anticipated contraction in value sales in 2020

Luxottica India Eyewear Pvt Ltd continues to lead in an increasingly competitive category in 2019

Optical shops diversify in order to survive temporary closure during lockdown

RECOVERY AND OPPORTUNITIES

Challenging 2020 for sunglasses though sales likely to bounce back by 2021 providing virus comes under control

Increasing awareness of using sunglasses to protect vision aids growth

Sunglasses increasingly offer smart technologies

CATEGORY DATA

Table 12 Sales of Sunglasses: Volume 2015-2020
Table 13 Sales of Sunglasses: Value 2015-2020
Table 14 Sales of Sunglasses: % Volume Growth 2015-2020
Table 15 Sales of Sunglasses: % Value Growth 2015-2020
Table 16 NBO Company Shares of Sunglasses: % Value 2015-2019
Table 17 LBN Brand Shares of Sunglasses: % Value 2016-2019
Table 18 Distribution of Sunglasses by Format: % Value 2015-2020
Table 19 Forecast Sales of Sunglasses: Volume 2020-2025
Table 20 Forecast Sales of Sunglasses: Value 2020-2025
Table 21 Forecast Sales of Sunglasses: % Volume Growth 2020-2025
Table 22 Forecast Sales of Sunglasses: % Value Growth 2020-2025

Spectacles in India

KEY DATA FINDINGS

2020 IMPACT

Slowdown in commoditisation trend due to effects of COVID-19 on consumer access to spectacles and diminishing disposable incomes

Essilor India Pvt Ltd retains leadership position in spectacles

Dominance of optical shops underlines market weakness with forced closures stimulating e-commerce and an omnichannel approach

RECOVERY AND OPPORTUNITIES

Rapid return to regular growth patterns for spectacles given their essential health positioning

Industry players pull together to ensure survival and longer-term sustainability with a stronger focus on e-commerce

Growing demand for lower-cost spectacles

CATEGORY DATA

Table 23 Sales of Spectacles by Category: Volume 2015-2020
Table 24 Sales of Spectacles by Category: Value 2015-2020
Table 25 Sales of Spectacles by Category: % Volume Growth 2015-2020
Table 26 Sales of Spectacles by Category: % Value Growth 2015-2020
Table 27 Sales of Spectacle Lenses by Type: % Value 2015-2020
Table 28 NBO Company Shares of Spectacles: % Value 2015-2019
Table 29 LBN Brand Shares of Spectacles: % Value 2016-2019
Table 30 Distribution of Spectacles by Format: % Value 2015-2020
Table 31 Forecast Sales of Spectacles by Category: Volume 2020-2025
Table 32 Forecast Sales of Spectacles by Category: Value 2020-2025
Table 33 Forecast Sales of Spectacles by Category: % Volume Growth 2020-2025
Table 34 Forecast Sales of Spectacles by Category: % Value Growth 2020-2025

Contact Lenses and Solutions in India

KEY DATA FINDINGS

2020 IMPACT

Category growth decimated in 2020 by the onset of the global pandemic

Bausch & Lomb Eyecare (India) Pvt Ltd retains category lead in 2019

Contribution of e-commerce grows due to demand for convenience

RECOVERY AND OPPORTUNITIES

Rapid return to growth as category bounces back after COVID-19

Demand for more sophisticated contact lenses likely though could be compromised by economic uncertainty

Industry players and retailers set to adapt and modify to offset future disruption

CATEGORY DATA

Table 35 Sales of Contact Lenses by Category: Volume 2015-2020
Table 36 Sales of Contact Lenses by Category: Value 2015-2020
Table 37 Sales of Contact Lenses by Category: % Volume Growth 2015-2020
Table 38 Sales of Contact Lenses by Category: % Value Growth 2015-2020
Table 39 Sales of Contact Lens Solutions: Value 2015-2020
Table 40 Sales of Contact Lens Solutions: % Value Growth 2015-2020
Table 41 Sales of Contact Lenses by Type: % Value 2015-2020
Table 42 Sales of Daily Disposable Lenses (DD) by Material: % Value 2015-2020
Table 43 Sales of Daily Disposable Lenses (DD) by Condition: % Value 2015-2020
Table 44 Sales of Frequent Replacement Lenses (FRP) by Material: % Value 2015-2020
Table 45 Sales of Frequent Replacement Lenses (FRP) by Condition: % Value 2015-2020
Table 46 NBO Company Shares of Contact Lenses: % Value 2015-2019
Table 47 LBN Brand Shares of Contact Lenses: % Value 2016-2019
Table 48 Distribution of Contact Lenses by Format: % Value 2015-2020
Table 49 Distribution of Contact Lens Solutions by Format: % Value 2015-2020
Table 50 Forecast Sales of Contact Lenses by Category: Volume 2020-2025
Table 51 Forecast Sales of Contact Lenses by Category: Value 2020-2025
Table 52 Forecast Sales of Contact Lenses by Category: % Volume Growth 2020-2025
Table 53 Forecast Sales of Contact Lenses by Category: % Value Growth 2020-2025
Table 54 Forecast Sales of Contact Lens Solutions: Value 2020-2025
Table 55 Forecast Sales of Contact Lens Solutions: % Value Growth 2020-2025

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Megatrends

Country Report

Eyewear in India

New Report Guarantee

Executive Summary

New Report Guarantee

COVID-19 impact on eyewear

COVID-19 country impact

Company response

Retailing shift

What next for eyewear?

Samples

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Eyewear in India

EXECUTIVE SUMMARY

COVID-19 impact on eyewear

COVID-19 country impact

Company response

Retailing shift

What next for eyewear?

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DEFINITIONS

SOURCES

Sunglasses in India

KEY DATA FINDINGS

2020 IMPACT

Retail closures and travel restrictions during lockdown in response to COVID-19 cause anticipated contraction in value sales in 2020

Luxottica India Eyewear Pvt Ltd continues to lead in an increasingly competitive category in 2019

Optical shops diversify in order to survive temporary closure during lockdown

RECOVERY AND OPPORTUNITIES

Challenging 2020 for sunglasses though sales likely to bounce back by 2021 providing virus comes under control

Increasing awareness of using sunglasses to protect vision aids growth

Sunglasses increasingly offer smart technologies

CATEGORY DATA

Spectacles in India

KEY DATA FINDINGS

2020 IMPACT

Slowdown in commoditisation trend due to effects of COVID-19 on consumer access to spectacles and diminishing disposable incomes

Essilor India Pvt Ltd retains leadership position in spectacles

Dominance of optical shops underlines market weakness with forced closures stimulating e-commerce and an omnichannel approach

RECOVERY AND OPPORTUNITIES

Rapid return to regular growth patterns for spectacles given their essential health positioning

Industry players pull together to ensure survival and longer-term sustainability with a stronger focus on e-commerce

Growing demand for lower-cost spectacles

CATEGORY DATA

Contact Lenses and Solutions in India

KEY DATA FINDINGS

2020 IMPACT

Category growth decimated in 2020 by the onset of the global pandemic

Bausch & Lomb Eyecare (India) Pvt Ltd retains category lead in 2019

Contribution of e-commerce grows due to demand for convenience

RECOVERY AND OPPORTUNITIES

Rapid return to growth as category bounces back after COVID-19

Demand for more sophisticated contact lenses likely though could be compromised by economic uncertainty

Industry players and retailers set to adapt and modify to offset future disruption

CATEGORY DATA

Why buy this report?

Want to find out more about this report?

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