USD 3.90 Billion
Safety Eyewear Market Size, Share, Growth Analysis, By Product(Prescription, Non-prescription), By Application(Construction, Industrial Manufacturing), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2150 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
70
Safety Eyewear Market Insights
Global Safety Eyewear Market size was valued at USD 3.90 Billion in 2022 and is poised to grow from USD 4.08 Billion in 2023 to USD 5.75 Billion by 2031, at a CAGR of 4.4% during the forecast period (2024-2031).
Global industries have realized the importance of workplace safety and have targeted equipment that ensures it. This has led to a steady growth in the safety eyewear market recently.
Strict safety standards and the growing awareness of the significance of eye protection have spurred market growth, Additionally, the rise in eye-related risks among workers has impacted market expansion. Producers in the market emphasize continuous innovation in order to develop and create more comfortable, durable, and technologically advanced safety eyewear that is aligned with different industrial needs.
Safety eyewear can be used outside the barriers of industrial applications. Consumers can also use it in recreational outdoor activities like sports. This has opened a new avenue for market expansion. To retain a competitive advantage and stay relevant in the market while serving a wider consumer base, companies have employed several strategies. These include branding, distribution methods, and product diversification. This market is predicted to stay on course of its growth trajectory in the near future as workplace safety remains the no.1 priority.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Prescription
Fastest Growth
Non-prescription
Growth Rate
4.4% CAGR
Global Safety Eyewear Market ($ Bn)
Country Share for North America Region (%)
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Safety Eyewear Market Segmental Analysis
The global safety eyewear market is segmented on the basis of product, application, and region. Based on product the market is segmented as prescription, non-prescription. On the basis of application the market is segmented as construction, industrial manufacturing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
Prescription safety eyewear is currently the dominating product category in the safety eyewear market. Employees who need corrective vision aids and eye protection in workplaces find this segment appealing. Employers are investing in this category to guarantee comfort and safety of their employees.These personalized protective solutions are growing steadily as compliance with safety regulations and safety awareness increases.
Non-prescription safety eyewear has grown rapidly in the market. The adoption of safety eyewear beyond traditional industrial settings is responsible for this growth. Outdoor recreational activities like home improvement, sports, and DIY projects have fueled this category’s growth. These glasses combine style and safety, which has resulted in their popularity. Also, fashionable designs and comfort features have driven this segment’s expansion. Its versatility and flexibility have driven their appeal and it has cemented itself as one of the fastest-growing segments in the market.
Analysis by Application
The construction industry leads the application category in the market. This sector has maintained demand in this market consistently. This is due to the high number of risks in this sector. These include flying dust and debris, along with potential eye injuries from the operation of heavy machinery. The thriving construction industry and the safety regulations that govern it have maintained segmental supremacy over the market.
Industrial manufacturing is the fastest-growing application in the market. The technological advancements, increasing automation, and prioritization of worker safety in industrial manufacturing has driven this category’s growth. Workers in these settings need eye protection the most. The evolution of innovative production processes and materials has bolstered the demand for specialized eyewear that can protect against hazards.
Global Safety Eyewear Market By Product
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Safety Eyewear Market Regional Insights
The North American region stands as the dominating force in the safety eyewear market. This prominence is attributed to stringent safety regulations and a robust industrial sector in the United States and Canada. A heightened focus on worker safety has driven the demand for safety eyewear in various industries, securing North America's leading position in the market.
However, the Asia Pacific emerges as the fastest-growing region in the safety eyewear market. Factors such as rapid industrialization, a burgeoning workforce, and increasing awareness about occupational safety in countries like China and India are propelling the demand for safety eyewear. Moreover, infrastructure development and investments in construction and manufacturing industries further boost the growth prospects of the Asia Pacific safety eyewear market.
Global Safety Eyewear Market By Region
- Largest
- Fastest
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Safety Eyewear Market Dynamics
Drivers
Stringent Safety Regulations
- Various industries are governed by strict requirements for workplace safety. These regulations have driven the growth of the global market for safety eyewear. Global regulatory bodies and governments are necessitating the utilization of protective eyewear to reduce risk of accidents and injuries. Industries like construction, healthcare, manufacturing, and chemical processing must adhere to these standards. The demand for this market increases as businesses target regulatory compliance and employee safety.
Restraints
Supply Chain Disruptions
- Supply chain disruptions are a major inhibitor to safety eyewear market growth. These disruptions can result from several economic and natural factors. These include geopolitical tensions, natural disasters, and global pandemics. These interruptions can prevent timely production and distribution of safety eyewear products. This can result in a decline in the availability and affordability of these crucial protective tools. In order to fight this, market participants must invest in resilient supply chains and have contingencies in place to nip these problems in the bud. This will guarantee producers can navigate through these unforeseen events and maintain a steady supply of safety eyewear.
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Safety Eyewear Market Competitive Landscape
A diverse range of industry players make up the intensely competitive environment of the safety eyewear market. These participants strive to gain market share by fulfilling market demand. They achieve that by employing various strategies. Those include pricing models, product innovation, and expansive distribution networks. Competition is revved up when firms target the development of technologically advanced eyewear options that combine comfort and safety.
The market’s participants are always looking for ways to expand their presence in the market. They employ collaborations with other industries to achieve that. Some examples are healthcare, manufacturing, and construction. The market is still governed by strict safety regulations. Thus, competition will remain intensified, which in turn will drive advancements in the functionality and design of safety eyewear.
Top Player’s Company Profiles
- MCR Safety (US)
- Kimberly-Clark Corp. (US)
- UVEX Winter Holding GmbH & Co. KG (Germany)
- BOLLÉ Safety (France)
- Pyramex Safety Products LLC (US)
- MEDOP SA (Switzerland)
- Bullhead Safety Eyewear (US)
- 3M Company (US)
- Encon Safety Products (US)
- Radians, Inc. (US)
- Alpha Pro Tech, Ltd. (Canada)
- Gateway Safety, Inc. (US)
- Jackson Safety (US)
- Uvex Safety Group (Germany)
Recent Developments
- Honeywell is a global leader in providing smart building solutions for aerospace, defense, and manufacturing.The American industrial conglomerate released a new line of prescription safety glasses in 2023. This product line was called Z87+.
- 3M is an American multinational conglomerate that offers industry, worker safety, healthcare, and consumer goods. The global safety products company released a new line of anti-fog safety glasses in 2023. This collection was called SecureFit XP.
- Uvex is a German brand that specializes in producing high-quality and innovative personal protective equipment (PPE) for a broad range of industries. The company released a new product line on the safety eyewear market in 2023. This new line of sports safety glasses was called Sportstyle 803V.
Safety Eyewear Key Market Trends
- Rise in Smart Safety Eyewear: Smart technology is being widely adopted and integrated in safety eyewear. This is a notable trend in this market. Advanced protective eyewear solutions are being equipped with smart features. These include augmented reality (AR) and heads-up displays. Smart safety eyewear is also integrated with sensors that offer real-time data and improve overall safety. Smart safety eyewear provides eye protection and also helps workers by offering essential data, visual aids, or instructions. This improves worker safety and productivity in multiple industrial settings. This trend has gained traction in response to reducing accidental risk and improving worker efficiency.
Safety Eyewear Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, recently the global safety eyewear market has witnessed steady growth. It owes this expansion to the growing knowledge of vocational safety and strict regulatory standards across various industries. Safety Eyewear is an integral addition in personal protective equipment (PPE). These products are gaining popularity, especially in construction, healthcare, manufacturing, and other sectors with high risk.
The market is predicted to keep growing in the near future. W smart technology being incorporated in safety eyewear and the development and introduction of comfortable and long-lasting materials will transform the industry's future. As businesses and industries prioritize workplace safety to lower rates of injuries and accidents, this market will continue growing.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.90 Billion |
| Market size value in 2031 | USD 5.75 Billion |
| Growth Rate | 4.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Safety Eyewear Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Safety Eyewear Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Safety Eyewear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Safety Eyewear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Safety Eyewear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Safety Eyewear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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