PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1215323
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1215323
Global Safety Eyewear Market is valued at approximately USD 3.74 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2022-2029. Safety eyewear is a type of Personal Protective Equipment (PPE) used to protect the eyes of workers. Safety glasses serve as a barrier to shield the eyes from any foreign objects that cause injury or irritation. The imposition of stringent norms by the regulatory bodies, coupled with the flourishing growth of the various end-use verticals are fueling the market demand around the world.
The rising cases of eye injury during work or job is acting as a catalyzing factor for the growth of the global market. According to The National Institute for Occupational Safety and Health (NIOSH), it is estimated that there are more than 2,000 U.S. workers every day affected by job-related eye injuries that need medical treatment. In addition, The Bureau of Labor Statistics (BLS) stated that approximately 70% of eye injuries are occurred because of flying or falling objects or sparks striking the eye. Accordingly, the rising incidences of eye injury during work are fueling the demand for safety eyewear to prevent eye injuries, thus, in turn, bolstering market growth. Moreover, the rising introduction of customized safety eyewear, as well as the rising number of strategic initiatives by the key market players are presenting various lucrative opportunities over the forecasting years. However, the introduction of substandard products from unregulated markets and the lack of awareness across underdeveloped or developing countries are challenging market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Safety Eyewear Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the execution of a strict regulatory framework related to Personal Protective Equipment (PPE) and occupational safety, along with the presence of chief market players such as Pyramex Safety Products LLC, Kimberly-Clark Corp., 3M, etc. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing awareness the product adoption, rapid industrialization, as well as increasing initiatives by the key players and regulatory bodies in the regional market.
Recent Developments in the Market:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also cater detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable