Protective eyewear refers to glasses/goggles used by the workers to protect their eyes against the risks that can cause harm at work place. These are primarily used across applications including industrial manufacturing, oil & gas, construction sites and several others, having hazardous environment. There are two major types of protective eyewear including prescription eyewear and non-prescription eyewear. Protective eyewear finds application across various industries including construction, chemicals, manufacturing, oil and gas, transportation, and pharmaceuticals.

Rise in causalities at workplace due to lack of protective devices has raised the need for adoption of protective eyewear among industries such as manufacturing, construction, mining and oil & gas industries. In addition, introduction of supportive government regulations has promoted and spread awareness among organizations to adopt protective eyewear to ensure workers’ safety. This has been the primary factor responsible for market growth, over the period of time. Another major factor promoting the 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 in the market, these manufacturers are aimed at investing significant amount in research and development activities and introducing innovative products to outperform competitors and maximize profit margin. 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 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on design, type, end-users and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 & 2024. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. The report also incorporates a separate section highlighting key trends analysis of the overall protective eyewear market.

In order to help the strategic decision makers, the report also includes profiles of the leading protective eyewear manufacturers, their business strategies and key developments. 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 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 the 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 protective eyewear market is segmented into following types:

• Direct Vented
• Indirect Vented
• Non-vented

As of 2015, the overall protective eyewear market worldwide is dominated by the direct vented eyewear segment. The segment contributes to more than forty percent of the overall market revenue generated worldwide. Direct vented 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 across a wide array of applications. The direct vented 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 following segments:

• Construction
• Oil & Gas
• Industrial Manufacturing
• Mining
• Others (Jewelry, Solar, Aerospace etc.)

As of 2015, the global protective eyewear market is dominated by the Europe region contributing to nearly one third of the overall market revenue. The region is home to huge manufacturing sector concentrated in the Western part. In addition, emerging manufacturing sector across its Central and Eastern regions is another promising factor propelling the demand for such protective equipment. Moreover, 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 fastest growth in terms of revenue generation over the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Protective Eyewear market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Protective Eyewear market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Protective Eyewear market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Protective Eyewear market?
• Which is the largest regional market for Protective Eyewear market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Protective Eyewear market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Protective Eyewear market worldwide?