Market valuation
The content from the provided Statista link offers a comprehensive forecast and analysis of the eyewear market in India.
In 2024, the eyewear market in India is estimated to generate revenue of US$6.10 billion.
The market is expected to grow at an annual rate of 7.54% between 2024 and 2028, resulting in a market volume of US$8.16 billion by 2028.
The largest segment within this market is spectacle lenses, projected to reach a market volume of US$2.76 billion in 2024.
Globally, the United States is the leading country in eyewear revenue, expected to generate US$35,160 million in 2024.
The per-person revenue in India’s eyewear market is anticipated to be US$4.23 in 2024, with the volume expected to increase to 487.2 million pieces by 2028.
A volume growth of 5.8% is expected in 2025.
By 2024, 94% of sales in the Indian eyewear market will be attributable to non-luxury items, indicating a growing demand for affordable, stylish frames and prescription lenses.
The report also highlights global trends affecting the eyewear market, including the impact of aging populations, increased screen time, and consumer preferences for health-conscious, technologically advanced, and fashionable eyewear products. The Asia-Pacific region, including India, is expected to see the highest growth due to factors like aging populations, rising disposable incomes, and changing consumer preferences.
Main Growth is due to screening time
The surge in digital device usage has led to a rise in eye-related issues, such as Computer Vision Syndrome (CVS), which includes symptoms like eye strain and dryness. This has significantly boosted the demand for eyewear designed to mitigate these issues, including blue-light blocking glasses.
Types of consumers
The market caters to a wide demographic, from children to the elderly, with a diverse range of needs including vision correction for refractive errors, fashion statements, professional use, outdoor activities, and age-related vision care.
Problem due to COVID
The eyewear market has evolved with consumer awareness and technological advancements in lens materials, coatings, and frame designs. The COVID-19 pandemic initially disrupted the market but eventually led to increased demand due to higher screen time from remote work and learning.
Market Sectors
Sunglasses remain the most popular eyewear choice, holding a significant market share due to their protective and fashion appeal. Metal-framed glasses are also gaining traction for their durability and aesthetic appeal.
Regional Demand
India and China are highlighted for their substantial market growth potential, driven by factors like fashion trends, increasing disposable income, and the large consumer base needing vision correction.
Competitors view
The market is highly competitive with established brands like Ray-Ban, Titan, Prada, and Oakley dominating. Innovation in materials and technology, such as the use of recycled and bio-based materials, is key to staying ahead.
Eco friendly materials used for manufacturing optical frames
Bamboo
Bamboo is a fast-growing, renewable resource that is sturdy and lightweight, making it ideal for eyewear frames.
Offers a unique, natural aesthetic while being biodegradable and strong.
Precast Concrete Slabs
While not directly used in optical frames, precast concrete slabs are a sustainable building material, emphasizing the broader movement towards eco-friendly materials in all industries.
Cork
Cork is harvested from the bark of cork oak trees without harming the tree, making it a sustainable choice.
It’s lightweight, water-resistant, and offers a distinct, comfortable texture for eyewear frames.
Straw Bales
Primarily used in sustainable building construction for insulation, straw bales highlight the innovative use of natural materials that could inspire eco-friendly practices in various industries, including eyewear.
Recycled Plastic
Utilizes plastic waste, converting it into durable and stylish frames, reducing landfill waste.
Promotes a circular economy by giving new life to plastic waste, making eyewear both fashionable and eco-conscious.
Reclaimed Wood
Wood salvaged from various sources, such as old buildings or furniture, crafted into unique frames.
Reduces deforestation and waste, offering a story of sustainability and character in each piece.
Reclaimed or Recycled Steel
Steel recycled from various sources can be used in the manufacturing of eyewear frames.
Offers durability and strength, with a significantly lower environmental footprint compared to new steel.
Plant-based Polyurethane Rigid Foam
An eco-friendly alternative to traditional foams, made from plant materials.
Provides a sustainable option for eyewear cases, contributing to reduced petroleum-based products and enhancing the eco-friendliness of eyewear accessories.
Bamboo
Bamboo is a fast-growing, renewable resource that is sturdy and lightweight, making it ideal for eyewear frames.
Offers a unique, natural aesthetic while being biodegradable and strong.
Precast Concrete Slabs
While not directly used in optical frames, precast concrete slabs are a sustainable building material, emphasizing the broader movement towards eco-friendly materials in all industries.
Cork
Cork is harvested from the bark of cork oak trees without harming the tree, making it a sustainable choice.
It’s lightweight, water-resistant, and offers a distinct, comfortable texture for eyewear frames.
Straw Bales
Primarily used in sustainable building construction for insulation, straw bales highlight the innovative use of natural materials that could inspire eco-friendly practices in various industries, including eyewear.
Recycled Plastic
Utilizes plastic waste, converting it into durable and stylish frames, reducing landfill waste.
Promotes a circular economy by giving new life to plastic waste, making eyewear both fashionable and eco-conscious.
Reclaimed Wood
Wood salvaged from various sources, such as old buildings or furniture, crafted into unique frames.
Reduces deforestation and waste, offering a story of sustainability and character in each piece.
Reclaimed or Recycled Steel
Steel recycled from various sources can be used in the manufacturing of eyewear frames.
Offers durability and strength, with a significantly lower environmental footprint compared to new steel.
Plant-based Polyurethane Rigid Foam
An eco-friendly alternative to traditional foams, made from plant materials.
Provides a sustainable option for eyewear cases, contributing to reduced petroleum-based products and enhancing the eco-friendliness of eyewear accessories.
Vegetal Resin
Its eco friendly productderived from renewable resources like plant extracts.
Its bio degradable sinceBreaks down more easily than traditional plastics, reducing long-term waste.
M-49 Bio-Acetate
Its sustainable and made from natural sources, including wood pulp and cotton fibers, without harmful phthalates.
Its Biodegradable and offers an eco-friendly alternative to traditional acetate, capable of decomposing under the right conditions.
Hexetate
Its innovative A newer, recyclable material known for its flexibility and durability.
Its Eco-Friendly Manufacturing material since it is Produced with less water and fewer toxic chemicals compared to traditional plastics.
Fibrous Residues
It comes under waste Reduction process and utilizes agricultural or industrial by-products, turning waste into wearable fashion.
It provides unique Textures and Offers distinctive patterns and textures not found in conventional materials.
Recycled Stainless Steel
Stainless steel can be recycled multiple times without losing quality.
Energy Efficient and Uses recycled steel significantly reduces energy consumption and CO2 emissions compared to producing new steel.
Recycled Plastic Bottles (rPET)
Its upcycling product Converts plastic waste into durable, stylish frames.
It Conserves Resources and reduces the need for new plastic production and the associated environmental impact.
NaturalPX
It is Plant based product Made from renewable resources such as castor beans.
It is Lightweight, durable and Offers a sustainable alternative without compromising on quality or comfort.
Natural 3D
It is Innovative Printing product: Utilizes eco-friendly materials in 3D printing processes to create custom and intricate designs.
It Reduced Waste in 3D printing since it minimizes material waste by using only what is needed for each frame.
Different types of optical frames in market
Optical frames and lenses come in various styles and functionalities to cater to different vision needs and fashion preferences
1.Bifocals
Bifocal lenses contain two different optical powers, with the main part for distance and a lower segment for reading.
It is best for Individuals who require glasses for both near and far vision, typically due to presbyopia.
The visible line between the two segments can be a drawback for some users, affecting aesthetic preferences.
2. Plastic Frames
Made from various types of plastic, such as acetate, these frames are lightweight and come in a wide range of colors and styles.
It is best for those looking for durable, comfortable, and stylish options.
Plastic frames can offer a more comfortable fit due to their lightweight nature and flexibility.
3. Rimless Eyeglasses
Rimless glasses have no frame around the lens, offering a minimalist look. The lenses are attached directly to the bridge and temples.
It is best for people seeking a virtually invisible look and lightweight option.
They are more fragile and require careful handling compared to full-rim and semi-rimless frames.
4. Trifocal Lenses
Trifocal lenses have three regions to correct for near, intermediate, and distance vision.
It is Best for Individuals needing clear vision at multiple distances, especially useful for tasks at arm’s length.
Like bifocals, trifocals have visible lines between the different lens sections, which some may find distracting.
5. Aviator Sunglasses
It is Characterized by their thin metal frames and teardrop-shaped lenses, aviators were originally designed for pilots.
It is best for Offering a classic, timeless style suitable for various face shapes.
They provide ample coverage for the eyes, making them effective against sunlight and glare.
6. Browline Glasses
These frames have a distinctive design where the upper part of the frame is thicker, resembling the wearer’s eyebrows.
It is best for adding a vintage or intellectual look to one’s appearance.
Browline glasses have regained popularity, blending retro appeal with modern style.
7. Cat-Eye Glasses
Cat-eye frames are known for their upward sweep at the outer edges, offering a vintage, feminine look.
It is best for enhancing the facial features of wearers with round or oval face shapes.
They add a touch of retro glamour and are available in both subtle and bold designs.
8. Full-Rimmed Frames
These frames encircle the lenses completely, providing maximum durability and style versatility.
It is best forA wide range of vision corrections, suitable for all face shapes.
Full-rimmed frames are the most common type, offering the greatest variety in terms of material and design.
9. Horn-Rimmed Glasses
Originally made from horn or tortoiseshell, these frames are now typically crafted from plastic that mimics the look.
It is best forDelivering a bold, statement look that stands out.
Horn-rimmed glasses have a vintage appeal but are made modern with lightweight materials and updated styles.
Different types of innovations in optical frames
Blu Digital Lenses
It is mainly Designed to filter out blue light from digital screens, reducing eye strain and improving sleep quality.
It is Essential for digital device users to protect against the harmful effects of prolonged screen exposure.
Bespoke Nose Pads
It is Tailored to fit the unique shape of the wearer’s nose, enhancing comfort and fit.
Its main benefit is to Prevent slippage and pressure points, ideal for long-term wear.
Magnetic Clip-Ons
It Convenienantly Allows wearers to easily attach sun-protective lenses over prescription glasses.
Its Versatility in Offering a quick transition from indoor to outdoor use without changing frames.
Prescription Sunglasses
Its main Function is to combines vision correction with UV protection.
It is essential for clear vision and eye protection in bright sunlight.
Bio Cellulose Acetate
It is eco-friendly and made from renewable resources, offering an environmentally sustainable option for frames.
Its Durabile and provides a durable, lightweight, and comfortable alternative to traditional plastics.
Anti-Fog Lenses
Its innovative and treated to prevent condensation and fogging in sudden temperature changes.
It is Ideal for individuals in humid environments or those transitioning between different climates.
Titanium Flex
This material Made from high-grade titanium, known for its strength, lightweight, and flexibility.
Its main advantage is ensuring durability and a comfortable fit, with frames that can bend without breaking.
Different types of customized optical frames manufactured using 3d printing
Here are simple, short, and stylish notes on various frame designs, emphasizing their unique features and appeal:
Screwless
Embrace the sleek, minimalist aesthetic with screwless frames that offer a smooth, clean look and easy maintenance.
Simple
Opt for the understated elegance of simple frames for a timeless look that complements any outfit and occasion.
Childsize
Fun and vibrant, childsize frames are designed to fit comfortably on smaller faces, making eyewear cool and exciting for the young ones.
Textured
Add a touch of sophistication to your eyewear with textured frames that provide a unique feel and depth to your look.
Cat Eye
Channel your inner vintage diva with cat-eye frames, perfect for adding a hint of retro glamour and sophistication to your style.
Bendable
Go for flexibility and durability with bendable frames, ideal for an active lifestyle and ensuring your glasses can keep up with you.
Sunglasses
Protect your eyes in style with sunglasses that make a statement, whether you’re beach-bound or navigating the urban jungle.
Rectangular
Choose rectangular frames for a sharp, smart look that adds structure to your face, perfect for both professional and casual settings.
Print in Place
Embrace innovation with print-in-place frames, offering unique designs and the thrill of cutting-edge eyewear technology.
Flat
Enjoy the modern, sleek profile of flat frames for a contemporary look that’s both stylish and comfortable.
Angular
Make a bold statement with angular frames, ideal for adding edge to your look and highlighting your facial features.
Lens-Free
Dive into the world of fashion eyewear with lens-free frames, a purely aesthetic choice for those who dare to be different.