India Sunglasses Market Size & Outlook, 2023-2030
India sunglasses market, 2018-2030 (US$M)
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India sunglasses market highlights
- The India sunglasses market generated a revenue of USD 1,184.4 million in 2023 and is expected to reach USD 2,035.9 million by 2030.
- The India market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, non-polarized was the largest revenue generating product in 2023.
- Polarized is the most lucrative product segment registering the fastest growth during the forecast period.
Sunglasses market data book summary
| Market revenue in 2023 | USD 1,184.4 million |
| Market revenue in 2030 | USD 2,035.9 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Non-polarized |
| Fastest growing segment | Polarized |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polarized, Non-Polarized |
| Key market players worldwide | Essilorluxottica, Safilo Group SpA Az nom Post raggruppamento, Kering SA, Revolve Group Inc Class A, Fielmann Group AG, Lvmh Moet Hennessy Louis Vuitton SE, De Rigo SpA, Charmant, State Optical Co, Marcolin |
Other key industry trends
- In terms of revenue, India accounted for 5.0% of the global sunglasses market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sunglasses market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,035.9 million by 2030.
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Sunglasses Market Scope
Sunglasses Market Companies
| Name | Profile | # Employees | HQ | Website |
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India sunglasses market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sunglasses market will help companies and investors design strategic landscapes.
Non-polarized was the largest segment with a revenue share of 78.65% in 2023. Horizon Databook has segmented the India sunglasses market based on polarized, non-polarized covering the revenue growth of each sub-segment from 2018 to 2030.
In the Indian eyewear market, unorganized retailers have traditionally held a stronghold, serving the majority of prescription eyewear and sunglass requirements. However, the introduction of groundbreaking technology, organized players, and the rising demand for eyewear have significantly transformed consumer preferences and attitudes toward the eyewear segment.
Prominent players in the Indian market are playing a pivotal role in boosting sunglasses sales through strategic marketing campaigns and advertising initiatives to attract customers and drive sunglasses purchases.
In April 2023, Fastrack, owned by Titan Company Limited, introduced its campaign highlighting the importance of sunglasses as more than just a fashionable accessory. The company launched the #NecessoryNotAccessory campaign in Indian markets to bring attention to the functional aspect of sunglasses to protect the eyes and prevent obstacles.
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Our clientele includes a mix of sunglasses market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India sunglasses market , including forecasts for subscribers. This country databook contains high-level insights into India sunglasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India sunglasses market size, by product, 2018-2030 (US$M)
India Sunglasses Market Outlook Share, 2023 & 2030 (US$M)
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