Global Safety Eyewear Market is valued at approximately USD 3.74 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2022-2029. Safety eyewear is a type of Personal Protective Equipment (PPE) used to protect the eyes of workers. Safety glasses serve as a barrier to shield the eyes from any foreign objects that cause injury or irritation.
The imposition of stringent norms by the regulatory bodies, coupled with the flourishing growth of the various end-use verticals are fueling the market demand around the world.
The rising cases of eye injury during work or job is acting as a catalyzing factor for the growth of the global market. According to The National Institute for Occupational Safety and Health (NIOSH), it is estimated that there are more than 2,000 U.S. workers every day affected by job-related eye injuries that need medical treatment. In addition, The Bureau of Labor Statistics (BLS) stated that approximately 70% of eye injuries are occurred because of flying or falling objects or sparks striking the eye. Accordingly, the rising incidences of eye injury during work are fueling the demand for safety eyewear to prevent eye injuries, thus, in turn, bolstering market growth.
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Moreover, the rising introduction of customized safety eyewear, as well as the rising number of strategic initiatives by the key market players are presenting various lucrative opportunities over the forecasting years. However, the introduction of substandard products from unregulated markets and the lack of awareness across underdeveloped or developing countries are challenging market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Safety Eyewear Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the execution of a strict regulatory framework related to Personal Protective Equipment (PPE) and occupational safety, along with the presence of chief market players such as Pyramex Safety Products LLC, Kimberly-Clark Corp., 3M, etc. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing awareness the product adoption, rapid industrialization, as well as increasing initiatives by the key players and regulatory bodies in the regional market.
Major market players included in this report are:
Kimberly-Clark Corp.
MCR Safety
Honeywell International, Inc.
UVEX Winter Holding GmbH & Co., KG
Medop SA
3M Company
Bolle Safety
Radians, Inc.
Pyramex Safety Products LLC
Gateway Safety, Inc.
Recent Developments in the Market:
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In August 2022, UVEX announced the introduction of its uvex-i range of safety eyewear that presents protection for workers against many types of workplace hazards. The new eyewear offers large, flat lenses for an unrestricted field of vision with a wide range of side shield for extra protection from hazards. The product uses renewable raw materials from the castor oil plant and energy from biomass sources to produce this range of eyewear
In July 2022, Bolle Safety declared the introduction of Comfort Sense Perception- a new high-clarity lens that provides protection to workers almost in all conditions. It presents better sight, visual comfort, and definition. Also, the technology safeguards the eyes while enhancing eyesight in all light-sensitive scenarios such as glares, UV, welding gas, LED, and low contrast.
In April 2022, Honeywell unveiled that the company acquire Norcross Safety Products LLC, a manufacturer of PPE for approximately, USD 1.2 billion. The aim of this acquisition is to expand the company’s safety equipment portfolio for fire service, industrial protection, and other worker segments.
Global Safety Eyewear Market Report Scope:
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Application,Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also cater detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Prescription
Non-prescription
By Application:
Oil & Gas
Construction
Mining
Industrial Manufacturing
Military
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
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ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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