The global safety eyewear market size is expected to reach
USD 3.0 billion by 2025, according to a new report by Grand View Research,
Inc., expanding at a CAGR of 4.1% over the forecast period. The market is
expected to witness significant growth due to increase in demand for protective
equipment from various end-use industries. Strict regulations laid by the
regulating bodies like the Occupational Safety and Health Administration
(OSHA), along with various product offerings made by manufacturers in this
market, have positively impacted growth.
Industrial manufacturing held a major share of
the global market owing to the hazardous nature of the jobs in this sector. Moreover,
many strict precautionary regulations have been imposed on the employers and
the workers in this sector to increase adoption of protective equipment and
prevent fatal injuries. The military application segment is expected to expand
at the highest CAGR in the forecast period. Manufacturers are targeting this
segment to provide more customization and increase their product offering as
governments are investing heavily in the safety of military personnel.
The non-prescription product segment accounted
for a significant share in the market. The prescription segment is anticipated
to witness growth due to increasing demand for customized eyewear for
individuals using spectacles for regular vision. Additionally, manufacturers
are providing consultation services and trial products before buying safety
eyewear. This is expected to propel the growth of the prescription segment,
thereby driving the overall market demand.
Asia Pacific is anticipated to witness
substantial growth in the coming years due to increasing industrialization,
especially in China and India. U.S. was the largest consumer of protective
eyewear in the world, followed by Germany, owing to implementation of stringent
regulations by various governing bodies.
For full research
report on Safety Eyewear Market visit here: https://www.grandviewresearch.com/industry-analysis/safety-eyewear-market
Further key findings from the study suggest:
- Based on application, the construction
industry is expected to expand at a CAGR of 4.2% over the forecast period.
The industrial manufacturing segment dominated the market in 2018 and
accounted for more than 30% share of the overall revenue
- Application of the product is expected to grow
in the military sector in developing countries including India, South
Korea, China, and Japan owing to heavy expenditure on the defense industry
and protection of personnel
- The industry is highly competitive in nature
due to presence of the key players including 3M Company, Bolle Safety, and
Honeywell Safety Products
- Various manufacturers are concentrating on
research and development to augment product innovations and product
offerings
- In December 2016, Hoya Vision acquired the
safety prescription eyewear business of 3M Company. This acquisition
expanded the product portfolio of Hoya Vision and enabled it to enter the
safety eyewear market.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/safety-eyewear-market/request/rs1
Grand View Research has segmented the global
safety eyewear market on the basis of product type, application, and region:
Safety Eyewear Product Type Outlook (Revenue, USD Million, 2015 - 2025)
- Prescription
- Non-prescription
Safety Eyewear Application Outlook (Revenue, USD Million, 2015 - 2025)
- Oil & Gas
- Construction
- Mining
- Industrial Manufacturing
- Military
- Others
Safety Eyewear Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Australia
- Central & South America
- Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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