Protective Eye wear Market - Growth, Trends and Forecast (2019 - 2024)

Market Overview

Global Protective Eyewear Market is projected to register a CAGR of 4.23% during the forecast period (2019-2024)

• Growing industrialization, especially in developing countries of Asia-Pacific and Africa is expected to boost the demand for personal protective equipment, thereby, increasing the demand for protective eyewear.
• Furthermore, the availability of various types of protective eyewear, like goggles and spectacles, as per the job safety requirement is an additional factor, which is positively impacting the market growth.
• Key manufacturers in this industry are focusing on providing customized safety eyewear to increase product acceptance among workers. In addition, strict regulations mandated by various governing bodies and associations, across the regions, are expected to positively impact market growth.

Scope of the Report

Global Protective Eye wear Market is segmented by Product Type into Spectacles, Welding Protection Glasses, Overspecs and Goggles. By End-User Industry the market is segmented into Automotive, Construction, Food Industry, Pharmaceutical, Mining, Oil and Gas and Other End-user Industries. The report also contains the geographical analysis of the market.

Key Market Trends

Regulations Mandating Protective Eye wear At Workplace

Eye injuries in the workplace are very common. The National Institute for Occupational Safety and Health (NIOSH) reports that every day about 2,000 U.S. workers sustain job-related eye injuries that require medical treatment. However, safety experts and eye doctors believe the right eye protection can reduce the severity or even prevent 90 percent of these eye injuries. Advanced safety countries like United States, Canada much of the European Union have a respected and sophisticated system of regulations and execution that is designed to add pressure on companies to provide safe workplaces. Developing countries do this only as required but have started to create legislation for safe workplaces, better worker housing, environmental protection, and so on.

North America Remains The Largest Market

The U.S. Department of Labor and the Occupational Safety and Health Administration (OSHA) has laid down strict regulations in the United States, which has positively impacted the product demand. Rising awareness regarding employee safety has increased the safety equipment market growth including the protective eyewear market. Moreover, the introduction of regulations and derivatives concerning worker safety is one of the major drivers fueling the growth of the global protective eyewear market in the country. A rise in the number of accidents at workplaces is increasing the demand for personal protective equipment including protective eyewear at a significant pace.

Competitive Landscape

The global protective eyewear market is a highly fragmented market with a large number of regional and international players in the market. The major players in the market include 3M, Honeywell International Inc., uvex Group, Bolle Safety etc.

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