India Luxury Eyewear Market to Grow at a Steady CAGR of Around 11.72% During 2025-30

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India Luxury Eyewear Market size was valued at around USD891 million in 2024 and is projected to reach USD1,721 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, cites MarkNtel Advisors in the recent research report. This growth is mainly attributed to the premium quality and durability of eyewear while being highly comfortable, fit, and stylish. Also, some eyewear is designed to provide protection against UV rays which helps to avoid eye cancer, cataracts, and other eye-related problems thus attracting more buyers.

Moreover, the increasing disposable income of people in India is another main factor that inclines them to buy luxury eyewear. This is because luxury branded products act as the symbol of status among rich people that show their class and taste. As a result, the new product launches will attract more such buyers, and hence the sales will increase. Additionally, the number of High Net Worth Individuals (HNWI) in India is also continuously increasing. These people are major users of premium eyewear having a huge collection of sunglasses. Their number has continuously increased in the past years and reached about 3.589 million in 2023. Hence, the high income of people in India directly correlates with high spending on eyewear as using the latest eyewear shows the rich status of people.

Furthermore, the average screen time of people in India is more than 4.3 hours, which creates a demand for eyewear that not only provides a stylish look but is also effective in reflecting screen lights. As a result, the demand for eyewear that comes with advanced coatings increases. Also, eyewear with features like blue light filtering can avoid the negative impacts of screen rays. Therefore, the high income of people in India is the main reason that pushes them to spend on luxury eyewear that is stylish while being functional such as comfortable, protective against harmful rays, and so on, further states the research report, “India Luxury Eyewear Market Analysis, 2025.”

India Luxury Eyewear Market Segmentation Analysis

Sunglasses Hold a Major Market Share

Based on the product type, the market is further bifurcated into Optical Glasses, Sunglasses, and Contact lenses. Here, sunglasses hold a major market share of around 67%. This is because sunglasses not only provide protection against UV rays but are also highly stylish as per the latest trends and show the luxury preferences of an individual, thus ensuring high functionality.

Moreover, celebrities and online social media influencers have further increased the demand for expensive designer sunglasses. Also, the increasing concerns regarding eye damage caused by UV rays are further increasing the demand for premium sunglasses. Therefore, as sunglasses are highly stylish while being functional, they are the most popular segment, and this dominance is expected to remain in the future as well.

The Majority of Customers Prefer an Offline Distribution Channel

The offline segment dominates the market with a market share of around 76%. This is because the number of offline outlets has continuously increased in India over the years, thus increasing the availability of multiple products from numerous companies. They also align with the preferences of Indians as they tend to visit stores, check the product’s quality & size, and then make purchases accordingly when it comes to expensive and high-end products. Therefore, a wide variety of products available at offline stores has attracted a wide customer base, and this dominance will remain in the coming years as well due to Indians’ preference for offline shopping.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Ray-Ban, Gucci, Bvlgari, Fendi, Dior, Burberry, Prada, Armani, Versace, Dolce & Gabbana, and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from products been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?