India Eyewear Market Outlook to FY’2018 – Rising Popularity of Online Eyewear Portals
The report titled “India Eyewear Market Outlook to FY’2018 – Rising Popularity of Online Eyewear Portals” provides a comprehensive analysis of the market size of the India eyewear spectacle lens, sunglasses, contact lenses and online eyewear industry. The report also covers the market share of major players in the spectacle lenses, contact lenses and the online eyewear market in India. The report discusses in detail the current industry trends and development and target customer profile along with the future outlook of the online eyewear segment.
Eyewear market in India, which has been driven by the changing demographics, fashion culture and changing health care practices in India, registered revenues of USD ~ million in FY’2013. With the advent of new varieties of eyewear products incorporating latest technology, the revenues increased by 15.3% compared to FY’2012, where the total revenues were USD ~ million. Eyewear industry in India is subject to a gamut of different factors, such as people with vision impairments and the overall disposable incomes in the country, which play an important role in determining the revenues from various eyewear segments. Spectacle lenses were the largest selling category in terms of revenue, having recorded sales of USD ~ million in fiscal year 2013. The India eyewear industry has grown at a CAGR of 27.4% from USD 1,247 million in FY’2007 to USD ~ million in FY’2013.
The eyewear market in India is comprised of various manufacturers that specialize in designing and producing eyewear products in different segments. Along with the presence of leading eyewear companies in the organized sector, market in India is primarily driven by the revenues of a huge number of manufacturers in the unorganized segment. Essilor was the market leader for spectacle lenses in the organized spectacle lens market while Bausch & Lomb dominated the contact lens segment in FY’2013. Ray-Ban was the largest selling sunglass brand in the same year.
Eyewear market in India has showcased several emerging trend over the past few years. One of the most definitive of these trends has been the advent of the online channel for the sale of eyewear products. Several online eyewear retailers have surfaced in the past couple of years, giving rise to a new platform for eyewear delivery. Online eyewear market in India showcased revenues of USD ~ million in FY’2013, registering a CAGR of around 247% from USD ~ million in FY’2011. Lenskart accounted for the majority of the market share with GKB Optical being the second largest player on the basis of revenues. Lenstrade, Lensdirect, Yebhi and Rediff Shopping were some of the small scale online eyewear retailers in FY’2013.
The market for eyewear in India is changing at a brisk rate. Technological advancements and demand of eyewear from an ever growing base of fashion conscious customers and people with vision impairments, as well as the transition of eyewear manufacturers from the unorganized to the organized segment have been significantly changing the market. Revenues from the eyewear industry in India are expected to expand to USD ~ million in FY’2018, growing with a CAGR of ~% from FY’2013 to FY’2018.
KEY TOPICS COVERED IN THE REPORT
Eyewear market in India, which has been driven by the changing demographics, fashion culture and changing health care practices in India, registered revenues of USD ~ million in FY’2013. With the advent of new varieties of eyewear products incorporating latest technology, the revenues increased by 15.3% compared to FY’2012, where the total revenues were USD ~ million. Eyewear industry in India is subject to a gamut of different factors, such as people with vision impairments and the overall disposable incomes in the country, which play an important role in determining the revenues from various eyewear segments. Spectacle lenses were the largest selling category in terms of revenue, having recorded sales of USD ~ million in fiscal year 2013. The India eyewear industry has grown at a CAGR of 27.4% from USD 1,247 million in FY’2007 to USD ~ million in FY’2013.
The eyewear market in India is comprised of various manufacturers that specialize in designing and producing eyewear products in different segments. Along with the presence of leading eyewear companies in the organized sector, market in India is primarily driven by the revenues of a huge number of manufacturers in the unorganized segment. Essilor was the market leader for spectacle lenses in the organized spectacle lens market while Bausch & Lomb dominated the contact lens segment in FY’2013. Ray-Ban was the largest selling sunglass brand in the same year.
Eyewear market in India has showcased several emerging trend over the past few years. One of the most definitive of these trends has been the advent of the online channel for the sale of eyewear products. Several online eyewear retailers have surfaced in the past couple of years, giving rise to a new platform for eyewear delivery. Online eyewear market in India showcased revenues of USD ~ million in FY’2013, registering a CAGR of around 247% from USD ~ million in FY’2011. Lenskart accounted for the majority of the market share with GKB Optical being the second largest player on the basis of revenues. Lenstrade, Lensdirect, Yebhi and Rediff Shopping were some of the small scale online eyewear retailers in FY’2013.
The market for eyewear in India is changing at a brisk rate. Technological advancements and demand of eyewear from an ever growing base of fashion conscious customers and people with vision impairments, as well as the transition of eyewear manufacturers from the unorganized to the organized segment have been significantly changing the market. Revenues from the eyewear industry in India are expected to expand to USD ~ million in FY’2018, growing with a CAGR of ~% from FY’2013 to FY’2018.
KEY TOPICS COVERED IN THE REPORT
- The market size of the India eyewear industry.
- The market size of the India spectacle lens market.
- The market size of the India sunglass market.
- The market size of the India contact lens market.
- The market size of the India online eyewear market.
- Market segmentation of the India eyewear industry on the basis of type of products, branded and unbranded products and unorganized and organized sector.
- Market segmentation of the India spectacle lens market on the basis of geography and organized and unorganized segment.
- Market segmentation of the India sunglass market on the basis of geography and designer and non-designer sunglasses.
- Market segmentation of the India contact lens market on the basis of types of contact lenses.
- Market segmentation of the India online eyewear market on the basis of type of products.
- Trends and Development in the India eyewear industry.
- Competitive landscape and detailed company profiles of the major manufacturers of eyewear and online eyewear retailers in India
- Future outlook and projections of the India eyewear industry, India spectacle lens market, India sunglass market, India contact lens market and India online eyewear market on the basis of revenues
1. INDIA EYEWEAR INDUSTRY INTRODUCTION
2. INDIA EYEWEAR INDUSTRY MARKET SIZE, FY’2007-FY’2013
3. INDIA EYEWEAR MARKET SEGMENTATION
3.1. By Type of Products, FY’2007-FY’2013
3.2. By Branded and Unbranded Products, FY’2013
3.3. By Organized And Unorganized Sector, FY’2013
4. INDIA SPECTACLE LENSES MARKET INTRODUCTION AND SIZE
5. INDIA SPECTACLE LENSES MARKET SEGMENTATION
5.1. By Geography, FY’2013
5.2. By Organized and Unorganized Sector, FY’2013
6. MARKET SHARE OF MAJOR PLAYERS IN THE ORGANIZED SPECTACLE LENS MARKET IN INDIA, FY’2013
7. INDIA SPECTACLE LENS MARKET FUTURE OUTLOOK AND PROJECTIONS, FY’2014 - FY’2018
8. INDIA SUNGLASSES MARKET INTRODUCTION AND SIZE
9. INDIA SUNGLASSES MARKET SEGMENTATION
9.1. By Geography, FY’2013
9.2. By Designer and Non-Designer Sunglasses, FY’2013
10. INDIA SUNGLASSES MARKET COMPETITVE LANDSCAPE, FY’2013
11. INDIA SUNGLASSES MARKET FUTURE OUTLOOK AND PROJECTIONS
12. INDIA CONTACT LENS MARKET INTRODUCTION AND SIZE
13. INDIA CONTACT LENS MARKET SEGMENTATION
13.1. By Types of Contact Lense Users, FY’2013
14. MARKET SHARE OF MAJOR PLAYERS IN INDIA CONTACT LENS MARKET, FY’2013
15. INDIA CONTACT LENS MARKET FUTURE OUTLOOK AND PROJECTIONS
16. INDIA EYEWEAR EXPORTS, FY’2007 – FY’2013
17. INDIA EYEWEAR IMPORTS, FY’2007 – FY’2013
18. INDIA EYEWEAR INDUSTRY TRENDS AND DEVELOPMENTS
Eyewear as a Fashion Accessory
Transition from Unorganized to Organized Retail
Focus on Tier II and Tier III Cities
Innovative Lens Offerings
The Advent of New Surgical Technologies
The arrival of Online Eyewear
The trend of Multiple Ownership
19. INDIA EYEWEAR INDUSTRY FUTURE OUTLOOK AND PROJECTIONS, FY’2014 – FY’2018
19.1. Cause and Effect Relationship Analysis of the India Eyewear Industry
20. INDIA ONLINE EYEWEAR MARKET INTRODUCTION AND SIZE
21. INDIA ONLINE EYEWEAR MARKET SEGMENTATION
21.1. By Type of Products, FY’2013
22. INDIA ONLINE EYEWEAR MARKET CUSTOMER PROFILE
23. MARKET SHARE OF MAJOR PLAYERS IN INDIA ONLINE EYEWEAR MARKET, FY’2013
24. INDIA ONLINE EYEWEAR MARKET FUTURE OUTLOOK AND PROJECTIONS, FY’2014 – FY’2018
24.1. Cause and Effect Relationship Analysis of the India Online Eyewear Market
25. COMPANY PROFILE OF MAJOR PLAYERS IN INDIA ONLINE EYWEAR MARKET
25.1. Lenskart
25.1.1. Business Overview
25.1.1.1. Lenskart’s Operational Value Chain
25.1.2. Business Strategies
Focus on Increasing Offline Presence
Focus on In-House Brands
Home Try-on Strategy
Focus on Technology and Promotion
25.2. GKB Online
25.2.1. Business Overview
25.2.2. Business Strategies
Leveraging Offline Infrastructure
26. INDIA EYEWEAR INDUSTRY COMPANY PROFILES
27. MACROECONOMIC AND INDUSTRY FACTORS: HISTORICAL AND PROJECTIONS
27.1. Urban Population in India, FY’2007-FY’2018
27.2. Consumer Expenditure on Medical Care and Health Services, FY’2007-FY’2018
27.3. Broadband Subscribers in India, FY’2007-FY’2018
27.4. Debit Card Payments in India, FY’2007-FY’2018
27.5. Private Equity Investments in E-Commerce In India, FY2007-FY’2018
27.6. Smartphone Shipments in India, FY’2009-FY’2018
28. APPENDIX
28.1. Market Definitions
28.2. Abbreviations
28.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Final Conclusion
28.4. Disclaimer
2. INDIA EYEWEAR INDUSTRY MARKET SIZE, FY’2007-FY’2013
3. INDIA EYEWEAR MARKET SEGMENTATION
3.1. By Type of Products, FY’2007-FY’2013
3.2. By Branded and Unbranded Products, FY’2013
3.3. By Organized And Unorganized Sector, FY’2013
4. INDIA SPECTACLE LENSES MARKET INTRODUCTION AND SIZE
5. INDIA SPECTACLE LENSES MARKET SEGMENTATION
5.1. By Geography, FY’2013
5.2. By Organized and Unorganized Sector, FY’2013
6. MARKET SHARE OF MAJOR PLAYERS IN THE ORGANIZED SPECTACLE LENS MARKET IN INDIA, FY’2013
7. INDIA SPECTACLE LENS MARKET FUTURE OUTLOOK AND PROJECTIONS, FY’2014 - FY’2018
8. INDIA SUNGLASSES MARKET INTRODUCTION AND SIZE
9. INDIA SUNGLASSES MARKET SEGMENTATION
9.1. By Geography, FY’2013
9.2. By Designer and Non-Designer Sunglasses, FY’2013
10. INDIA SUNGLASSES MARKET COMPETITVE LANDSCAPE, FY’2013
11. INDIA SUNGLASSES MARKET FUTURE OUTLOOK AND PROJECTIONS
12. INDIA CONTACT LENS MARKET INTRODUCTION AND SIZE
13. INDIA CONTACT LENS MARKET SEGMENTATION
13.1. By Types of Contact Lense Users, FY’2013
14. MARKET SHARE OF MAJOR PLAYERS IN INDIA CONTACT LENS MARKET, FY’2013
15. INDIA CONTACT LENS MARKET FUTURE OUTLOOK AND PROJECTIONS
16. INDIA EYEWEAR EXPORTS, FY’2007 – FY’2013
17. INDIA EYEWEAR IMPORTS, FY’2007 – FY’2013
18. INDIA EYEWEAR INDUSTRY TRENDS AND DEVELOPMENTS
Eyewear as a Fashion Accessory
Transition from Unorganized to Organized Retail
Focus on Tier II and Tier III Cities
Innovative Lens Offerings
The Advent of New Surgical Technologies
The arrival of Online Eyewear
The trend of Multiple Ownership
19. INDIA EYEWEAR INDUSTRY FUTURE OUTLOOK AND PROJECTIONS, FY’2014 – FY’2018
19.1. Cause and Effect Relationship Analysis of the India Eyewear Industry
20. INDIA ONLINE EYEWEAR MARKET INTRODUCTION AND SIZE
21. INDIA ONLINE EYEWEAR MARKET SEGMENTATION
21.1. By Type of Products, FY’2013
22. INDIA ONLINE EYEWEAR MARKET CUSTOMER PROFILE
23. MARKET SHARE OF MAJOR PLAYERS IN INDIA ONLINE EYEWEAR MARKET, FY’2013
24. INDIA ONLINE EYEWEAR MARKET FUTURE OUTLOOK AND PROJECTIONS, FY’2014 – FY’2018
24.1. Cause and Effect Relationship Analysis of the India Online Eyewear Market
25. COMPANY PROFILE OF MAJOR PLAYERS IN INDIA ONLINE EYWEAR MARKET
25.1. Lenskart
25.1.1. Business Overview
25.1.1.1. Lenskart’s Operational Value Chain
25.1.2. Business Strategies
Focus on Increasing Offline Presence
Focus on In-House Brands
Home Try-on Strategy
Focus on Technology and Promotion
25.2. GKB Online
25.2.1. Business Overview
25.2.2. Business Strategies
Leveraging Offline Infrastructure
26. INDIA EYEWEAR INDUSTRY COMPANY PROFILES
27. MACROECONOMIC AND INDUSTRY FACTORS: HISTORICAL AND PROJECTIONS
27.1. Urban Population in India, FY’2007-FY’2018
27.2. Consumer Expenditure on Medical Care and Health Services, FY’2007-FY’2018
27.3. Broadband Subscribers in India, FY’2007-FY’2018
27.4. Debit Card Payments in India, FY’2007-FY’2018
27.5. Private Equity Investments in E-Commerce In India, FY2007-FY’2018
27.6. Smartphone Shipments in India, FY’2009-FY’2018
28. APPENDIX
28.1. Market Definitions
28.2. Abbreviations
28.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Final Conclusion
28.4. Disclaimer
LIST OF FIGURES
Figure 1: India Eyewear Industry Market Size on the Basis of Revenues in USD Million, FY’2007-FY’2013
Figure 2: Number of Cataract Surgeries Performed in India in Million, FY’2008-FY’2012
Figure 3: India Eyewear Market Segmentation on the Basis of Revenues from Different Types of Products in USD Million in Percentage, FY’2007-FY’2013
Figure 4: India Eyewear Market Segmentation on the Basis of Revenues from Branded and Unbranded Products in Percentage, FY’2013
Figure 5: India Eyewear Market Segmentation on the Basis of Revenues from the Organized and Unorganized Sector in Percentage, FY’2013
Figure 6: India Spectacle Lenses Market Size on the Basis of Revenues in USD Million, FY’2007-FY’2013
Figure 7: India Spectacle Lenses Market Segmentation on the Basis of Demand from Different Geographical Regions in Percentage, FY’2013
Figure 8: India Spectacle Lenses Market Segmentation on the Basis of Revenues from Organized and Unorganized Sector in Percentage, FY’2013
Figure 9: Market Shares of Major Players in the India Spectacle Lens Market on the Basis of Revenues in USD Million in Percentage, FY’2013
Figure 10: India Spectacle Lens Market Future Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 11: India Sunglasses Market Size on the Basis of Revenues in USD Million, FY’2007-FY’2013
Figure 12: India Sunglasses Market Segmentation on the Basis of Demand from Different Geographical Regions in Percentage, FY’2013
Figure 13: India Sunglasses Market Segmentation on the Basis of Revenues from Designer and Non-Designer Sunglasses in Percentage, FY’2013
Figure 14: India Sunglasses Market Future Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 15: India Contact Lens Market Size on the Basis of Revenues in USD Million, FY’2007-FY’2013
Figure 16: India Contact Lens Market Segmentation on the Basis of Number of Conventional Contact Lens and Daily Disposable Contact Lens Users in Percentage, FY’2013
Figure 17: Market Shares of Major Players in the India Contact Lens Market, FY’2013
Figure 18: India Contact Lens Market Future Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 19: Exports of Eyewear Products from India on the Basis of Value in USD Million, FY’2007-FY’2013
Figure 20: Imports of Eyewear Products in India on the Basis of Value in USD Million, FY’2007-FY’2013
Figure 21: India Eyewear Industry Future and Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 22: India Online Eyewear Market Size on the Basis of Revenues in USD Million, FY’2011-FY’2013
Figure 23: India Online Eyewear Market Segmentation on the Basis of Revenues from Different Products in USD Million in Percentage, FY’2013
Figure 24: Distribution of Online Eyewear Buyers in India on the Basis of Gender in Percentage, FY’2013
Figure 25: Distribution of Online Eyewear Buyers in India on the Basis of Age in Percentage, FY’2013
Figure 26: Market Share of major Players in the India Online Eyewear Market on the Basis of Revenues in USD Million in Percentage, FY’2013
Figure 27: India Online Eyewear Market Future Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 28: Lenskart’s Operational Value Chain
Figure 29: Lenskart’s Revenues Breakdown on the Basis of Sale of In-House Brands and Other Brands in USD Million in Percentage, FY’2013
Figure 30: Urban Population in India in Million, FY’2007-FY’2018
Figure 31: Consumer Expenditure on Medical Care and Health Services in USD Million, FY’2007-FY’2018
Figure 32: Broadband Subscribers in India, FY’2007-FY’2018
Figure 33: Number of Debit Card Payments in India in Million, FY’2007-FY’2018
Figure 34: Private Equity Investments in E-Commerce in India in USD Million, FY’2007-FY’2018
Figure 35: Smartphone Shipments in India, FY’2009-FY’2018
Figure 1: India Eyewear Industry Market Size on the Basis of Revenues in USD Million, FY’2007-FY’2013
Figure 2: Number of Cataract Surgeries Performed in India in Million, FY’2008-FY’2012
Figure 3: India Eyewear Market Segmentation on the Basis of Revenues from Different Types of Products in USD Million in Percentage, FY’2007-FY’2013
Figure 4: India Eyewear Market Segmentation on the Basis of Revenues from Branded and Unbranded Products in Percentage, FY’2013
Figure 5: India Eyewear Market Segmentation on the Basis of Revenues from the Organized and Unorganized Sector in Percentage, FY’2013
Figure 6: India Spectacle Lenses Market Size on the Basis of Revenues in USD Million, FY’2007-FY’2013
Figure 7: India Spectacle Lenses Market Segmentation on the Basis of Demand from Different Geographical Regions in Percentage, FY’2013
Figure 8: India Spectacle Lenses Market Segmentation on the Basis of Revenues from Organized and Unorganized Sector in Percentage, FY’2013
Figure 9: Market Shares of Major Players in the India Spectacle Lens Market on the Basis of Revenues in USD Million in Percentage, FY’2013
Figure 10: India Spectacle Lens Market Future Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 11: India Sunglasses Market Size on the Basis of Revenues in USD Million, FY’2007-FY’2013
Figure 12: India Sunglasses Market Segmentation on the Basis of Demand from Different Geographical Regions in Percentage, FY’2013
Figure 13: India Sunglasses Market Segmentation on the Basis of Revenues from Designer and Non-Designer Sunglasses in Percentage, FY’2013
Figure 14: India Sunglasses Market Future Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 15: India Contact Lens Market Size on the Basis of Revenues in USD Million, FY’2007-FY’2013
Figure 16: India Contact Lens Market Segmentation on the Basis of Number of Conventional Contact Lens and Daily Disposable Contact Lens Users in Percentage, FY’2013
Figure 17: Market Shares of Major Players in the India Contact Lens Market, FY’2013
Figure 18: India Contact Lens Market Future Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 19: Exports of Eyewear Products from India on the Basis of Value in USD Million, FY’2007-FY’2013
Figure 20: Imports of Eyewear Products in India on the Basis of Value in USD Million, FY’2007-FY’2013
Figure 21: India Eyewear Industry Future and Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 22: India Online Eyewear Market Size on the Basis of Revenues in USD Million, FY’2011-FY’2013
Figure 23: India Online Eyewear Market Segmentation on the Basis of Revenues from Different Products in USD Million in Percentage, FY’2013
Figure 24: Distribution of Online Eyewear Buyers in India on the Basis of Gender in Percentage, FY’2013
Figure 25: Distribution of Online Eyewear Buyers in India on the Basis of Age in Percentage, FY’2013
Figure 26: Market Share of major Players in the India Online Eyewear Market on the Basis of Revenues in USD Million in Percentage, FY’2013
Figure 27: India Online Eyewear Market Future Projections on the Basis of Revenues in USD Million, FY’2014-FY’2018
Figure 28: Lenskart’s Operational Value Chain
Figure 29: Lenskart’s Revenues Breakdown on the Basis of Sale of In-House Brands and Other Brands in USD Million in Percentage, FY’2013
Figure 30: Urban Population in India in Million, FY’2007-FY’2018
Figure 31: Consumer Expenditure on Medical Care and Health Services in USD Million, FY’2007-FY’2018
Figure 32: Broadband Subscribers in India, FY’2007-FY’2018
Figure 33: Number of Debit Card Payments in India in Million, FY’2007-FY’2018
Figure 34: Private Equity Investments in E-Commerce in India in USD Million, FY’2007-FY’2018
Figure 35: Smartphone Shipments in India, FY’2009-FY’2018
LIST OF TABLES
Table 1: Units of Sunglasses Sold by Top Ten Manufacturers in India in Thousand, FY’2013
Table 2: Imports of Eyewear Products in India from Different Countries on the Basis of Value in USD Million, FY’2007-FY’2013
Table 3: Cause and Effect Relationship Analysis between Industry Factors and Expected Eyewear Industry Prospects
Table 4: Profile of Online Eyewear Buying Population in India
Table 5: Competitive Landscape of the India Online Eyewear Market, FY’2013
Table 6: Cause and Effect Relationship Analysis between Industry Factors and Expected Online Eyewear Market Prospects in India
Table 7: List of a Few Eyewear Brands Offered By Lenskart
Table 8: List of a Few Eyewear Brands Offered by GKB Online
Table 9: Company Profiles of Major Players in the India Eyewear Industry
Table 10: Correlation Matrix of the India Eyewear Industry
Table 11: Regression Coefficients Output
Table 1: Units of Sunglasses Sold by Top Ten Manufacturers in India in Thousand, FY’2013
Table 2: Imports of Eyewear Products in India from Different Countries on the Basis of Value in USD Million, FY’2007-FY’2013
Table 3: Cause and Effect Relationship Analysis between Industry Factors and Expected Eyewear Industry Prospects
Table 4: Profile of Online Eyewear Buying Population in India
Table 5: Competitive Landscape of the India Online Eyewear Market, FY’2013
Table 6: Cause and Effect Relationship Analysis between Industry Factors and Expected Online Eyewear Market Prospects in India
Table 7: List of a Few Eyewear Brands Offered By Lenskart
Table 8: List of a Few Eyewear Brands Offered by GKB Online
Table 9: Company Profiles of Major Players in the India Eyewear Industry
Table 10: Correlation Matrix of the India Eyewear Industry
Table 11: Regression Coefficients Output
