Indian Eyewear Industry Predictions 2024

Topic:

Industry Prediction

Date:

04 May, 2022

Category:

Business

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Business trends of the eyeware industry 2024 optyski

To navigate the shift occurring now in the optical industry and take advantage of the futuristic trends. it is more than necessary to eye the future projections and take a decision. 

Table of Contents

During the COVID times, the vision towards the future was blurred. We had never anticipate that the market will quickly recover and steady itself in the growth path.

Projected Growth of the Industry

According to the India Eyewear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, Indian eyewear market is expected to grow by 9.07% Compound Annual Growth Rate (CAGR) i.e. an annualized average rate of revenue growth between two given years.

We have conducted a deep research on the Future of the eyewear industry for the year 2024, which includes factors that will stimulate the growth of the eyewear industry, buying trends (offline and online) and revenue growth forecast of the industry.

Indian Eyewear Industry Predictions and Stats 2024 Infographic

Indian eyewear industry predictions and stats - major market share specs industry with 9. 07% cagr, target audience's age - 16-64, more than 65% of indian population under 35 years of age, product-wise revenue growth - sunglass - 21. 48%, specs - 21. 50%, frames - 18. 89%, contact lens - 20%, buying pattern - offline more than online, online purchases mostly happens in desktop, over mobile platform.

With these eyewear industry stats and forecast for India, you can predict the future of  the Indian eyewear industry and take necessary steps to take your business to the next level. Do let us know how excited you are about the future of the eyewear industry of India in the comments section.

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