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Safety Eyewear Market Size, Growth, 2025 | Industry Trends Report

Safety Eyewear Market Analysis Report By Application, By Product Type And Segment Forecasts From 2019 To 2025

Report ID: MN17619550  |  Published: April 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global safety eyewear market accounted for USD 2.3 Billion, in 2018 and is expected to grow with a CAGR of 4.1% during the forecast period, 2019 to 2025. Rising awareness about eye protection accessories to prevent from eye injury caused by flying object and harmful radiations is anticipated to drive this market. In addition, strict government regulation in several regions is expected to further drive the market growth.

For instance, department of Occupational Safety and Health Administration (OSHA) laid down strict regulation in the U.S which is again expected positive impact the market. Further, growing awareness about employee safety is also expected to fuel the market growth. The article published in Journal Clinical and Diagnostic Research around 66% of eye injury caused by flying objects and about 23.1% injury caused due to harmful chemical radiations.

North America safety eyewear market

The National Institute for Occupational Safety and Health (NIOSH) has estimated some points for safety eyewear such as the circumstances of exposure, nature and extent of the hazards and personal vision needs and other protective equipment used. To prevent employees from eye injury, employers are considering these studies which are anticipated to surge the product demand over the forecast period.

Availability of different eye protective equipment such as visors, goggles, and spectacles for job safety is gaining traction to this market. Moreover, key market players are focusing to produce customized eye safety wear to increase adoption among labors. In addition, major players operating in this industry are designing customize goggles who required corrected vision lenses. Along with this customization service, safety eyewear would enable additional comfort while working in conditions which might have a threat to the eye. These factors are expected to increase the acceptance of safety eyewear during the forecast period. 

Product Type Insights

By product type, the market is fragmented into non-prescription and prescription. Non-prescription segment dominated the safety eyewear market due to the high production of protective eyewear which is suitable for all types of environment. Many workers find difficulty with a prescription type for normal vision over their normal glasses, hence they refrain to wear safety eyewear.

Therefore, market players are providing customization in eye wear products to provide safety goggles with prescription. For product differentiation, manufacturers are using this strategy and provide consulting services for a prescription before consumers purchasing the products.

Application Insights

Application-wise, the industrial segment accounted for largest share for more than 30%, in 2018. Increasing industrialization in economically developing regions such as Africa and Asia Pacific is majorly fueling the demand for safety eye equipment. In addition, automotive industry is also expected to spur the demand for this product to protect eyes while welding, spraying chemicals, and cutting of automotive parts has potential threat to the eye, thus driving the demand for the market to enable enhance safety to the eyes.

The military application segment is expected to account significant market share and projected to grow at a CAGR of more than 4.0% during the forecast period, 2019-2025. Hence major players are investing in R&D to improve the quality of vision during war or training in adverse conditions. In 2012, The U.S. Military Combat Eye Protection Program (MCEPP) organized to validate the eye wears used by the soldiers. Similar efforts are anticipated to drive product demand across globe.

Global safety eyewear market

In Asia Pacific and Africa, oil & Gas and constrictions industries drive the economy of these regions. In these industries, product demand is expected to grow due to the increasing incidence of eye injuries. Various applications involve in eye wear market are in the office and agriculture. According to Pennsylvania State University, the farmer should wear safety eye equipment while handling fertilizers, feed grinding, and while harvesting the crops. The innovation of anti-glare glasses to work on computers and laptops is also gaining traction for this market. 

Regional Insights

In 2018, North America held the largest safety eyewear market share and expected to grow with a CAGR of 4.0% during the forecast period. Government strict regulations for working place is majorly driving growth in this region. To provide employees with safety, employers are carrying research studies to understand health risk to the employees, which led to improve safety and satisfaction.

Due to the presence of oil & gas, and mining industries, Asia Pacific is expected to grow at the fastest CAGR. Moreover, rapid development in the military and construction industry is expected to fuel market growth.

Expansion of the automotive sector in European countries such as Germany and the U.K. are anticipated to positively influence on eyewear equipment products. Hence, increasing demand for this product in chemical manufacturing companies and the automotive sector is boosting the growth in this region.

Countries like Saudi Arabia and Brazil in the Middle East and CSA region are expected to contribute positive growth over the forecast period due to the high presence of oil & gas industries. Rising awareness about hazards while working in these industries is further expected to drive the market growth.

Safety Eyewear Market Share Insights

The global market is strongly competitive owing to the presence of few market players. The key players involving in eyewear market are Bolle Safety, 3M Company, and Honeywell Safety Products. The many local manufactures are present in North America and Asia Pacific region. Customization in eyewear equipment is encouraging market players for innovative designs and style. Hence, continuous product development by manufacturers has resulted in growth of the product portfolio. 

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., U.K., Germany, China, India, Australia

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global safety eyewear market report based on product type, application, and region:

• Product Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Prescription
    • Non-prescription

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Oil & Gas
    • Construction
    • Mining
    • Industrial Manufacturing
    • Military
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Australia
    • Central & South America
    • Middle East & Africa

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