Monday, May 31, 2010

The prescription eyewear market in India

  • The prescription eyewear market in the country was estimated to be Rs 1,350 crore in 2009.
  • In volume terms, the market is estimated to be around 25 to 30 million units a year.
  • The prescription eyewear market is growing at 15 to 20 % a year.
  • The market is highly fragmented, 
  • The unorganised sector accounting for nearly 95 % share.
  • Although there are strong regional players like GKB, Saberi’s and so on, barring Lawrence & Mayo and Titan Eye+, there are no major pan-India brands in this category.
  • Despite the presence of global lens brands like Essilor in India, customers typically leave the choice of lens to the optician.
Source: Technopak Advisors

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