Edison, NJ -- (SBWIRE) -- 09/30/2020 -- The "Eyewear Market in 2019 - Market Development Scenario?" Study has been added to HTF MI database. The study envisage qualitative as well as quantitative market data and follows Industry benchmark classification and NAICS standards to built strong players coverage for final study. Some of the major and emerging players identified are GKB Opticals Limited, Hidesign India Private Limited, Lenskart Solutions Private Limited , Ronak Optik Private Limited, Titan Company Limited, Bausch & Lomb India Private Limited, Johnson & Johnson Private Limited, Rayban Sun Optics India Private Limited , Safilo India Private Limited, Sterling Meta Plast India Private Limited.
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Eyewear Market in India 2019 Market Development Scenario by Players
? Financials Information, Business Overview and Product Specification Matrix
? Patent Analysis Briefing* [if applicable]
? No. of Patents Issuance by Year / by Players / By Issuing Office
? Key Development – Product/Service Launch, Mergers & Acquisition, Joint Ventures
Market Competition
Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity. Readers will be able to gain complete understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Eyewear Market in India 2019 Market. It shows how the market competition will change in the next few years and how players are preparing themselves to stay ahead of the curve.
Over the last decade, there has been a remarkable increase in the use of eyeglasses and contact lenses in India, owing to the rise in eye diseases and vision disorders like myopia, hypermetropia, and presbyopia. Moreover, over time, from functioning as a vision corrective product, eyewear has turned into a fashion accessory. This has further popularized the use of sunglasses and eyeglasses in India.
Market insights
The eyewear market in India was valued at INR 492.37 Bn in 2018, and is expected to reach INR 966.73 Bn by 2024, expanding at a compound annual growth rate (CAGR) of ~11.90%, during the 2019-2024 period. The demand for prescription eyeglasses and contact lenses has picked up in the Indian market, owing to vision disorders, unhealthy lifestyle and age-related impairments among people. Rise in fashion and brand consciousness among the young population of the country and increase in the sale of branded eyewear are some of the important factors fueling the growth of prescription eyewear, as well as sunglasses in the domestic eyewear market. On the other hand, initiatives undertaken by the Indian government like setting up of free eye check-up and vision treatment programs have also contributed towards the growth of the eyewear market in India. However, presence of counterfeit products in the market and the increasing popularity of vision corrective surgeries act as major pitfalls for the market.
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Important Features that are under offering & key highlights of the report :
1) Does study cover COVID-19 Impact Analysis and its effect on Growth %?
Yes, the overall industry have seen quite big impact due to slowdown and shutdown in production line & supply chain. The study covers a separate qualitative chapter on COVID-19 Impact analysis. Additionally it also provide before and after scenario of COVID-19 on sales growth & market size estimation to better analyze exact scenario of Industry.
2) How companies are selected or profiled in the report?
List of some players that are profiled in the the report includes "GKB Opticals Limited, Hidesign India Private Limited, Lenskart Solutions Private Limited , Ronak Optik Private Limited, Titan Company Limited, Bausch & Lomb India Private Limited, Johnson & Johnson Private Limited, Rayban Sun Optics India Private Limited , Safilo India Private Limited, Sterling Meta Plast India Private Limited". Usually we follow NAICS Industry standards and validate company profile with product mapping to filter relevant Industry players, furthermore list is sorted to come up with a sample size of atleast 50 to 100 companies having greater topline value to get their segment revenue for market estimation.
** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.
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3) Can we add or profiled new company as per our need?
Yes, we can add or profile new company as per client need in the report, provided it is available in our coverage list as mentioned in answer to Question 1 and after feasibility run final confirmation will be provided by research team checking the constraints related to difficulty of survey.
4) Can we narrow the available business segments ?
Yes, depending upon the data availability and feasibility check by our Research Analyst, further breakdown in business segments by end use application or product type can be provided (If applicable) by Revenue Size or Volume*.
5) Can specific country of interest be added? What all regional segmentation covered?
Yes, Country level splits can be modified in the study as per objectives. Currently, research report gives special attention and focus on following regions:
North America (Covered in Chapter 7 and 14), United States, Canada, Mexico, Europe (Covered in Chapter 8 and 14), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 9 and 14), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 10 and 14), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 11 and 14), Brazil, Argentina, Columbia, Chile & Others
** One country of specific interest can be included at no added cost. For inclusion of more regional segment quote will vary.
While global mega trends influencing the market routing the primary direction of growth, regional markets are swayed by more granular locally unique market drivers. The market study is sized with regional and country level break for historical and forecast period by revenue and volume and price analysis, stay tuned with the latest updates from the research insights – know more which territory is stealing market share gains in coming years.
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Research Objectives
- To analyse and forecast the Eyewear Market in India 2019 market, in terms of value and volume.
- Which segment has the potential to gain the highest market share?
- To help decision maker from new offer perspective and benchmark existing marketing strategy.
- Correlate cost structure historical data with key business segments.
- Analyse marketing contribution and customer acquisition by up-selling and cross selling.
- Identifying Influencing factors keeping Eyewear Market in India 2019 Market Intense, factored with periodic analysis of CR4 & CR8 concentration ratio & HHI Index.
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