Protective Eyewear Market By Design (Direct Vented Eyewear, Indirect Vented Eyewear, Non-Vented Eyewear), By Type (Prescription Protective Eyewear, Non-Prescription Protective Eyewear), By End-User (Construction, Oil & Gas, Industrial Manufacturing, Mining) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

Protective eyewear refers to glasses or goggles worn by employees to protect their eyes from hazards in the workplace. These are primarily used across applications, including industrial manufacturing, oil and gas exploration, construction sites, and several others with hazardous environments. There are two major types of protective eyewear, including prescription and non-prescription eyewear. Protective eyewear finds application across various industries, including construction, chemicals, manufacturing, oil and gas, transportation, and pharmaceuticals.

The rise in workplace injuries due to a lack of protective devices has raised the need for the adoption of protective eyewear among industries such as manufacturing, construction, mining, and the oil and gas industries. In addition, the introduction of supportive government regulations has promoted and spread awareness among organizations about the need to adopt protective eyewear to ensure workers' safety. This has been the primary driving force behind market growth over time. Another major factor promoting market expansion is the availability of numerous products suitable for different applications.

The aforementioned factors have ensured a significantly competitive market, with most of the companies focusing on product enhancement. In order to sustain themselves in the market, these manufacturers are aimed to invest a significant amount in research and development activities and introduce innovative products to outperform competitors and maximize profit margins. Additionally, the market players are required to strictly comply with the norms and regulations enforced by national governments.

The report titled "Global Protective Eyewear Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2024" offers strategic insights into the global protective eyewear industry along with the market size and estimates for the duration of 2014–2024. The research study in question includes an in-depth examination of multiple market segments based on design, type, and end-users and a cross-sectional study across various geographies. The study covers the comparative analysis of different segments for the years 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. The report also incorporates a separate section highlighting key trends in the overall market for protective eyewear.

The report also includes profiles of the leading protective eyewear manufacturers, their business strategies, and key developments to assist strategic decision-makers.The major players profiled in the report are 3M Company, Honeywell Safety, Bolle Safety, Stanley Black and Decker Inc., Pyramex Safety Products LLC, Fu Sheng Optical Industry Co., Ltd., Gateway Safety, Inc., Philips Safety Products, Inc., Mancine Optical Company, and MCR Safety. Further, the report also covers the market positioning of the key players operating in the protective eyewear market. The section further includes a brief on key strategies adopted by the major players operating in the market.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the overall personal protective equipment industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global protective eyewear market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

On the basis of design, the global market for protective eyewear is segmented into the following types:

  • Direct Vented
  • Indirect Vented
  • Non-vented

As of 2015, the overall protective eyewear market worldwide was dominated by the direct-vent eyewear segment. The segment contributes to more than forty percent of the overall market revenue generated worldwide. Direct-vent eyewear is the most popular type of protective eyewear used across different industry verticals worldwide. These are designed to allow direct ventilation to the user's eyes and have no additional protective shield. This makes the design suitable for a wide array of applications.

The direct-vent protective eyewear segment is expected to retain its dominance throughout the forecast period from 2016 to 2024. The indirect vented and non-vented protective eyewear segments are projected to register the highest growth during the forecast period.

On the basis of end-users, the protective eyewear market is categorized into the following segments:

  • Construction
  • Oil and Gas
  • Industrial Manufacturing
  • Mining
  • Others (jewelry, solar, aerospace, etc.)

As of 2015, industrial manufacturing was the largest end-user segment in the global protective eyewear market. The segment accounted for more than one-third of the global revenue in the same year. With the steadily recovering industrial manufacturing sector across different geographic regions, the segment is presumed to hold on to its dominant position by 2024.

The segment's growth is largely supported by Western Europe, the U.S., and Asia-Pacific countries with strong manufacturing sectors. In contrast, another end-user segment is expected to witness the highest growth rate during the forecast period. This is attributed to the widening application areas of protective eyewear products in emerging end-user segments such as sports and chemicals, etc. The detailed breakdown of protective eyewear end users for the year 2015 is represented in the figure below:

On the basis of geography, the global market for protective eyewear is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC
  • South Africa
  • the remainder of MEA
  • Latin America
  • Brazil
  • rest of Latin America

As of 2015, Europe dominated the global market for protective eyewear, accounting for nearly one-third of total market revenue. The region is home to a huge manufacturing sector, concentrated in the western part. In addition, the emerging manufacturing sector across its Central and Eastern regions is another promising factor propelling the demand for such protective equipment.

Moreover, the introduction of favorable government regulations and directives concerning workforce safety in hazardous operations is increasing the uptake of protective eyewear products in the region. As a result, the region is projected to retain its leading position in the market throughout the forecast period. Asia Pacific is expected to exhibit the fastest growth in terms of revenue generation over the forecast period.

Frequently Asked Questions:

The market for Protective Eyewear Market is expected to reach US$ 2.79 Bn By 2024.

The Protective Eyewear Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2016-2024.

The base year of this report is 2015.

Stanley Black and Decker Inc., Pyramex Safety Products LLC, Fu Sheng Optical Industry Co., Ltd., Gateway Safety, Inc., Philips Safety Products, Inc., Mancine Optical Company are some of the major players in the global market.

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Published Date:  Feb 2017
Category:  Consumer Goods
Report ID:   58354
Report Format:   PDF
Pages:   120
Rating:    4.4 (70)
Delivery Time: 24 Hours to 48 Hours   
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