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Pulished Date April, 2021
ID: 9076
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Protective Eyewear Market Research Report - Segmented By Application (Military, Construction, Industrial Manufacturing, Mining, Oil & Gas, and Others), Product Type (Prescription and Non-prescription), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size - Forecast (2021-2026)

Pulished: April, 2021
ID: 9076
Pages: 175

Protective Eyewear Market Size (2021-2026)

The global Protective Eye Wear Market was estimated at $2.8 billion in 2020 and is expected to reach $4 billion by 2026, with a CAGR of 4.23% during the forecast period 2021 to 2026.

In particular, as industrialization grows in developing countries in Asia-Pacific and Africa, the demand for personal protective equipment is expected to increase, increasing the demand for Protective Eye Wear.

Protective Eye Wear refers to glasses designed to protect the eyes from dust particles, chemicals or other harmful substances. These glasses are used in a wide range of applications, including industrial manufacturing, construction sites, oil and gas sites, mining and others. The general market is mainly driven by government support regulations and the introduction of strict labor laws. In addition, the increasing scope and availability of a wide range of protective eyewear products are accelerating the growth of the global Protective Eye Wear Market.

Market Drivers 

The main driver of the global Protective Eye Wear Market is the massive expansion of the construction and manufacturing industries. The government is expected to support the market by implementing regulations on worker safety in many sectors and regions. Also, the number of accidents in the workplace is expected to open the market. The growing demand for equipment that can protect the eyes from laser radiation is likely to strengthen the Protective Eye Wear market in the coming years. Besides, the availability of various safety glasses products and equipment is expected to lead the sales. Depending on the occupational safety requirements, the availability of multiple types of vision equipment, such as glasses, visors and glasses, is an additional factor that has a positive effect on market growth. The leading manufacturers in this industry focus on providing customized safety glasses to increase the acceptance of their products by workers.

Market Restraints

However, concerns about the product quality, which are manufactured by local and regional players are predicted to limit the market. Also, the increase in automation in various industries may hamper the market. Many players of small and medium safety glasses products, especially in the Asia Pacific and North America, are expected to create a challenging environment in the Protective Eye Wear Market during the forecast period.

PROTECTIVE EYEWEAR MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

4.23%

Segments Covered

Product Type, Application

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

MCR Safety, The 3M Company, Honeywell Safety Products, Bolle Safety, Mancine Optical Company, Phillips Safety Products, Inc., Gateway Safety, Inc., Stanley Black and Decker Inc, Pyramex Safety Products LLC, Uvex, Fu Sheng Optical Industry Company Ltd., Medop, Kimberly-Clark, AOSafety, Radians and other market players

Fastest Growing Region

Asia Pacific

Largest Market

North America

Market Segmentation

Protective Eyewear Market - By Product Type

  • Prescription
  • Non-Prescription

Of these, the non-prescription segment held the dominant share in the world market in 2018, owing to the availability of numerous models that cater to the needs of various industries. However, the prescription division is anticipated to register the highest growth in the coming years due to the innovative approaches by eyewear manufacturers to integrate safety goggles and vision glasses.

Protective Eyewear Market - By Application

  • Military
  • Construction
  • Mining
  • Industrial Manufacturing
  • Oil and Gas Industry
  • Others such as medical care and transportation

Among these, the industrial manufacturing segment holds the most substantial portion of the revenue due to the rapid industrialization across the globe. Nonetheless, other sectors like military, mining and automotive are also predicted to contribute significant shares to the global business in the foreseen years.

Protective Eyewear Market - By Region

  1. North America
  2. Europe
  3. Asia Pacific
  4. Middle East and Africa
  5. South America

North America and Europe combinedly account for the lion's share in the global market. Stringent government regulations and the presence of leading industries are driving the market demand in these regions. The United States was the largest consumer of glasses in the world, and Germany follows some strict government regulations. However, the Asia-Pacific region is likely to undergo significant growth in the coming years, especially as industrialization increases in China and India. Also, the demand from the military and manufacturing sectors will propel the protective eyewear market in the APAC.

Key Players

Key players in the global protective eyewear market include:

  1. MCR Safety
  2. The 3M Company
  3. Honeywell Safety Products
  4. Bolle Safety
  5. Mancine Optical Company
  6. Phillips Safety Products Inc.
  7. Gateway Safety Inc.
  8. Stanley Black and Decker Inc
  9. Pyramex Safety Products LLC
  10. Uvex
  11. Fu Sheng Optical Industry Company Ltd.
  12. Medop
  13. Kimberly-Clark
  14. AOSafety
  15. Radians

Report Highlights

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentations of the market, detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of competitive environment.

1. Introduction            

    1.1 Market Definition        
    1.2 Scope of the report        
    1.3 Study Assumptions        
    1.4 Base Currency, Base Year and Forecast Periods         

2. Research Methodology            

    2.1 Analysis Design        
    2.2 Research Phases        

        2.2.1 Secondary Research    
        2.2.2 Primary Research     
        2.2.3 Data Modelling    
        2.2.4 Expert Validation    

    2.3 Study Timeline        

3. Report Overview            

    3.1 Executive Summary        
    3.2 Key Inferencees        

4. Market Dynamics            

    4.1 Impact Analysis        

        4.1.1 Drivers    
        4.1.2 Restaints    
        4.1.3 Opportunities    

    4.2 Regulatory Environment         
    4.3 Technology Timeline & Recent Trends        

5. Competitor Benchmarking Analysis            

    5.1 Key Player Benchmarking        

        5.1.1 Market share analysis    
        5.1.2 Products/Service    
        5.1.3 Regional Presence    

    5.2 Mergers & Acquistion Landscape        
    5.3 Joint Ventures & Collaborations        

6. Market Segmentation            

    6.1 Protective Eyewear Market, By Product Type        

        6.1.1 Prescription    
        6.1.2 Non-Prescription    
        6.1.3 Market Size Estimations & Forecasts (2021-2026)    
        6.1.4 Y-o-Y Growth Rate Analysis    
        6.1.5 Market Attractiveness Index    

    6.2 Protective Eyewear Market, By Application        

        6.2.1 Military    
        6.2.2 Construction    
        6.2.3 Industrial Manufacturing    
        6.2.4 Mining    
        6.2.5 Oil & Gas    
        6.2.6 Market Size Estimations & Forecasts (2021-2026)    
        6.2.7 Y-o-Y Growth Rate Analysis    
        6.2.8 Market Attractiveness Index    

7. Geographical Landscape            

    7.1 Global Identity Governance and Administration Market, by Region        
    7.2 North America - Market Analysis (2020-2026)        

        7.2.1 By Country    

            7.2.1.1 USA 
            7.2.1.2 Canada

        7.2.2 By Product Type    
        7.2.3 By Application    

    7.3 Europe        

        7.3.1 By Country    

            7.3.1.1 UK
            7.3.1.2 France
            7.3.1.3 Germany
            7.3.1.4 Spain
            7.3.1.5 Italy
            7.3.1.6 Rest of Europe

        7.3.2 By Product Type    
        7.3.3 By Application    

    7.4 Asia Pacific        

        7.4.1 By Country    

            7.4.1.1 China
            7.4.1.2 India
            7.4.1.3 Japan
            7.4.1.4 South Korea
            7.4.1.5 South East Asia
            7.4.1.6 Australia & NZ
            7.4.1.7 Rest of Asia-Pacific

        7.4.2 By Product Type    
        7.4.3 By Application    

    7.5 Latin America        

        7.5.1 By Country    

            7.5.1.1 Brazil
            7.5.1.2 Argentina
            7.5.1.3 Mexico
            7.5.1.4 Rest of Latin America

        7.5.2 By Product Type    
        7.5.3 By Application    

    7.6 Middle East and Africa        

        7.6.1 By Country    

            7.6.1.1 Middle East
            7.6.1.2 Africa

        7.6.2 By Product Type    
        7.6.3 By Application    

8. Key Player Analysis            

    8.1 3M Company        

        8.1.1 Business Description    
        8.1.2 Products/Service    
        8.1.3 Financials    
        8.1.4 SWOT Analysis    
        8.1.5 Recent Developments    
        8.1.6 Analyst Overview    

    8.2 Honeywell Safety Products        
    8.3 Gateway Safety        
    8.4 Bolle Safety        
    8.5 MCR Safety        
    8.6 Philips Safety Products        
    8.7 Mancine Optical Company        
    8.8 Pyramex Safety Products LLC        
    8.9 Kimberly-Clark        
    8.10 Fu Sheng Optical Industry Company Ltd        

9. Market Outlook & Investment Opportunities            
Appendix            
    List of Tables        
    List of Figures       

Global Protective Eye Wear Market

  1. Global Protective Eyewear Market By Region, From 2021-2026 ( USD Billion )
  2. Global Protective Eyewear Market By Product Type, From 2021-2026 ( USD Billion )
  3. Global Prescription Market By Region, From 2021-2026 ( USD Billion )
  4. Global Non-Prescription Market By Region, From 2021-2026 ( USD Billion )
  5. Global Protective Eyewear Market By Application, From 2021-2026 ( USD Billion )
  6. Global Military Market By Region, From 2021-2026 ( USD Billion )
  7. Global Construction Market By Region, From 2021-2026 ( USD Billion )
  8. Global Industrial Manufacturing Market By Region, From 2021-2026 ( USD Billion )
  9. Global Mining Market By Region, From 2021-2026 ( USD Billion )
  10. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )

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