India Luxury Eyewear Market 2030: Size, Growth Drivers & Competitive Landscape

Future India Luxury Eyewear Market: Key Dynamics, Size & Share Analysis

The India Luxury Eyewear Market size was valued at around USD 891 million in 2024 and is projected to reach USD 1,721 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 11.72% during the forecast period, i.e., 2025-30. A few factors that drive the growth of this market are superior quality with durability that makes them stylish, and highly comfortable and gives high protection from UV rays, thus protecting human eyes from cancer, skin aging, and diseases like cataracts, glaucoma, etc., and other eye-related problems. Moreover, the increasing young population and disposable incomes of Indians have inclined them more towards spending on luxury eyewear. This is because such branded eyewear acts as a symbol of status among rich individuals. This results in a rise in sales of luxury eyewear, with a notable increase in tier-II and tier-III cities.

Top Market Challenges Impacting the India Luxury Eyewear Market Growth

Availability of Counterfeit & Low-Cost Alternatives – A significant challenge for the India Luxury Eyewear Market is the presence of counterfeit premium eyewear products that are available at cheaper prices. The general presence of counterfeit goods not only harms the image of manufacturers but also results in economic losses for manufacturer of luxury eyewear. For instance, duplicate products decrease the sales of well-known brands by about 15% every year.

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Understanding the Core Segments in the India Luxury Eyewear Market

India Luxury Eyewear Market Size, Share & Industry Trends Analysis- By Product Type (Optical Glasses [Prescription Glasses, Fashion Eyewear, Reading Glasses, Computer Glasses], Sunglasses, Contact Lenses), By Glass Type (Polaroid, Non-Polaroid), By Gender (Men, Women, Unisex, Kids), By Age Group ({02-10} Years, {11-17} Years, {18-24} Years, {25-40} Years, {41-56} Years, {57+} Years), By Price Range (USD 100 – 300, USD 301 – 500, USD 501 – 700, USD 701 – 900, Greater than {>} USD 900), By Distribution Channels (Online, Offline [High-End Department Stores, Exclusive Brand Boutique, Optical Retailers, Luxury Retail Chains, Others]), By Size (Small, Medium, Large), By Frame Material (Metal, Plastic & Fiber), By Eyewear Shape (Rectangle, Square, Circle, Others), By Frame Type (Rimmed, Rimless, Semi-Rimmed) and Others

Who Dominates the India Luxury Eyewear Market Insights on Key Industry Players?

Companies are strengthening their presence in the India Luxury Eyewear market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

Ray-Ban
Gucci
Bvlgari
Fendi
Dior
Burberry
PRADA
Armani
Versace
Dolce & Gabbana
Others

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