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

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 eye injury caused by flying objects and harmful radiation is anticipated to drive this market. In addition, strict government regulation in several regions is expected to further drive market growth.

For instance, the Department of Occupational Safety and Health Administration (OSHA) laid down strict regulations in the U.S which is again expected to have a positive impact on 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 injuries are caused by flying objects and about 23.1% of injuries are caused due to harmful chemical radiations.

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 in this market. Moreover, key market players are focusing to produce customized eye safety wear to increase adoption among laborers. In addition, major players operating in this industry are designing customize goggles that required corrected vision lenses. Along with this customization service, safety eyewear would enable additional comfort while working in conditions that might have a threat to the eye. These factors are expected to increase the acceptance of safe eyewear during the forecast period. 

Product Type Insights

By product type, the market is fragmented into non-prescription and prescription. The 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 eyewear products to provide safety goggles with prescriptions. 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 the largest share for more than 30%, in 2018. Increasing industrialization in economically developing regions such as Africa and the Asia Pacific is majorly fueling the demand for safety eye equipment. In addition, the automotive industry is also expected to spur the demand for this product to protect eyes while welding, spraying chemicals, and cutting of automotive parts have a 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 for a significant market share and is 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) was organized to validate the eye wears used by the soldiers. Similar efforts are anticipated to drive product demand across the globe.

In the 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 the eyewear 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 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 risks to the employees, which led to improving 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. is anticipated to positively influence 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 the 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 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 the 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 styles. Hence, continuous product development by manufacturers has resulted in the growth of the product portfolio. 

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For 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
    • the Asia Pacific
        • China
        • India
        • Australia
    • Central & South America
    • Middle East & Africa