According to research conducted by FMI, the safety eyewear industry is projected to reach a market value of US$ 4 billion in 2023. Over the forecast period from 2023 to 2033, it is anticipated to achieve a market value of US$ 7 billion, with a Compound Annual Growth Rate (CAGR) of 5.8%.
Some Prominent Drivers of Safety Eyewear Market
- The construction and manufacturing industries play a significant role in driving the global safety eyewear market, as they prioritize worker safety and protection.
- Governments worldwide have implemented regulations pertaining to worker safety across various sectors and countries, which is anticipated to contribute to the increasing sales trends in the safety eyewear market.
- The rise in workplace accidents is expected to further fuel the demand for safety eyewear, as employers seek to enhance safety measures and prevent injuries among workers.
- There is an increasing demand for safety eyewear capable of protecting the eyes from laser radiation, driven by advancements in technology and the need for specialized protective equipment in various industries.
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Furthermore, HAIs affect approximately 3.2 million patients per year on average. Such incidents motivate the use of safety eyewear.
During the forecast period, the market is expected to be driven by an increase in funding for research on the diagnosis of infectious diseases.
Key Takeaways from the Market Study
- FMI projects the global Safety Eyewear market to expand at a 5.8% value CAGR by 2033
- The global Safety Eyewear market is estimated at a market value of US$ 4 Billion
- As per the safety eyewear market size analysis, the global Safety Eyewear market is expected to garner a market value of US$ 7 Billion
- Asia Pacific is expected to be the most lucrative for safety eyewear market growth during the projection period
- During the projection period, North America is estimated to grow at a CAGR of 5.5%.
- Europe is expected to grow at a CAGR of 5% during the projection period
- The industrial manufacturing category is expected to hold the greatest share of the safety eyewear market in the forecast period 2023-2033.
Market Competition
Key players in the safety eyewear market are Kimberly-Clark Corp., MCR Safety, Honeywell International, Inc., UVEX Winter Holding GmbH & Co., KG, Medop SA, 3M Company, Bolle Safety, Radians, Inc., Pyramex Safety Products LLC and Gateway Safety, Inc.
Recent Development:
- In August 2022, UVEX debuted the uvex-i line of safety eyewear, which protects employees against a wide range of occupational risks. The eyewear has broad, flat lenses for an unobstructed field of view, as well as an expanded side shield for further protection against threats. Uvex manufactures this line of eyeglasses using sustainable raw materials derived from the castor oil plant and electricity derived from biomass sources.
- In July 2022, Bollé Safety introduced a new high-clarity lens dubbed Comfort Sense Perception to safeguard employees under all situations. The new technology is available in seventeen lens tints and a wide range of SKUs that are adaptable to indoor, indoor/outdoor, and outdoor work situations. It improves sight, visual comfort, and definition. The technology protects the eyes while improving vision in all light-sensitive situations, such as UV, glares, LED, welding gas, and low contrast.
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Key Segments Profiled in the Safety Eyewear Market Industry Survey
by Product:
- Prescription
- Non-prescription
by Application:
- Construction
- Industrial Manufacturing
by Region:
- North America Safety Eyewear Market
- Latin America Safety Eyewear Market
- Europe Safety Eyewear Market
- Asia Pacific Safety Eyewear Market
- Middle East & Africa Safety Eyewear Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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