Future Growth of India CR39 Eyeglasses market is expected to be led by sedentary lifestyle of the people leading to vision irregularities and increased demand for CR39 eyeglasses
GKB Ophthalmics Ltd, Zeiss India, and Techtran Polylenses Ltd. are major players who are involved in domestic manufacturing of CR39 eyeglasses in India. The major share of the market is import driven.
South region of the country is the major revenue contributor in CR39 eyeglasses market owing to the high awareness less and economic stability of the people to buy plastic eyeglasses over glass material.
Ken Research announced its latest publication on “India CR39 Eyeglasses Market Forecast to 2021 – High Prevalence of Impaired Vision and Increasing Awareness to Fuel Growth” provides a comprehensive analysis of the CR39 eyeglasses market. The report includes the market share contributed by imports and domestic production in India. Further, the market in the study is differentiated by various parameters such as uses which include single vision lenses, bifocal lenses, trifocal lenses, progressive lenses, plastic occupational lenses, and no-line computer lenses. On the basis of type of frame, CR39 eyeglasses market is categorized into full frame, half frame and rimless frames. The market is also segmented by five regions of India – North, South, East, West and Northeast and by three type of cities including Tier I cities, Tier II cities, and Tier III cities. The study also highlights the detailed information about domestic manufacturers in the India CR39 eyeglasses market and their respective shares by revenue in financial year 2016. Investment model for manufacturing plant of CR39 eyeglasses and value chain is also explained in detail to assist new entrants in setting up a new plant in India. Various marketing analysis factors such as drivers and restrains, trends and developments, online trends affecting the market and Porter’s five forces analysis are also added in the study for clear understanding about the factors responsible for present scenario of the market. The future analysis of overall India CR39 eyeglasses market has also been discussed along with recommendations from analyst view.
Progressive lenses were observed to be growing at a rapid pace from FY’2011 to FY’2016. The advantage of these lenses over bifocal lenses is the major factor which has led to the growth of progressive lenses in India. These lenses provide advantage of smooth transition from distance to near vision, eliminating segment lines and allowing clear vision at all distances. The users find high clarity through progressive lenses during driving or playing games as the transition line does not restrict the vision.
Tier II cities in India were recorded to experience high growth in the previous years, FY’2011 to FY’2016 and is expected to grow at a high rate during the forecast period. Rising awareness, increasing spending capacity of people in these cities, and elevating incident rate of vision irregularity due to sedentary lifestyle of people are the factors which would be responsible for CR39 eyeglasses growth in Tier II cities. High consumption of junk food which also accompanies alcohol intake and smoking, and lack of exercise is resulting in loss of vision. Excessive intake of alcohol directly impacts optic nerves, nerves which carry vision from eyes to brain, which negatively affect the vision of eyes, resulting in high demand for vision correction methods and subsequently CR39 eyeglasses.
“In order to penetrate into the growing CR39 eyeglasses market, the new entrants could plan to operate in Tier II cities and tier III cities. Improved economic condition of people living in tier II and tier III cities could prove as opportunity for CR39 eyeglass manufacturers. Increasing awareness among people living in these cities has increased the demand for prescription eyeglasses in these regions, subsequently for CR39 eyeglasses. Moreover, the absence of market players in tier III cities directly could also help new entrant in establishing its footprint, according to the Research Analyst, Ken Research.
Key Topics Covered in the Report:
The market size of India CR39 Eyeglasses Market
– By Revenue
– By Volume
Market segmentation of India CR39 Eyeglasses market on the basis
– By Imports and Domestic Production
– By Uses – Single Vision Lenses, Progressive Lenses, Bifocal Lenses, Trifocal Lenses, No-line Computer Lenses, and Plastic Occupational Lenses
– By Type of Frame – Full Frame Eyeglasses, Half Frame Eyeglasses, and Rimless Eyeglasses
– By Organized and Unorganized Players
– By Regions – North, South, East, West and Northeast
– By Cities – Tier I Cities, Tier II Cities, and Tier III Cities
Porter’s Five Forces Analysis for India CR39 Eyeglasses Market
Trends and Developments in India CR39 Eyeglasses Market
Strengths and Restrains in India CR39 Eyeglasses Market
Investment Model of CR39 Eyeglasses Manufacturing Plant in India
Trade Scenario for CR39 Eyeglasses Market in India
Purchase Decisions Regarding Eyewear in India
Competitive Landscape and Detailed Company Profiles of the Major Market Players
Future Outlook and Projections of India CR39 Eyeglasses Market
Macro-Economic Factors Impacting the India Cr39 Eyeglasses Market
Key Products Mentioned in the Report
Single Vision Lenses
No-line Computer Lenses
Plastic Occupational Lenses
Key Market Players Covered in the Report:
GKB Ophthalmics Ltd.
Techtran Polylenses Ltd.
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Ankur Gupta, Head Marketing & Communications