The Safety Glasses Market research study stipulates a clear overview of the current market including the past and the projected future of market size concerning volume, technological advances, and economic elements in the market industry.
Los Angeles, CA -- (SBWIRE) -- 10/30/2018 -- This report studies the Safety Glasses market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Working in any type of industrial environment can pose potential risks to employees' vision. Machinery, chemicals, sparks or metal fragments can damage eyes irreparably. Safety glasses help keep eyes safe out in the field, on construction sites, in labs and in any other place where eyes may come in contact with foreign materials. Safety eyewear must conform to a higher standard of impact resistance than regular eyeglasses, which optical professionals sometimes call "dress eyewear."
In 2017, the global safety glasses market is led by North America. Europe is the second-largest region-wise market. The global safety glasses market is valued at USD 829 million in 2017 and is expected to reach USD 1057 million by the end of 2023, growing at a CAGR of 4.14% between 2017 and 2023. Currently, 3M, Honeywell and Scott Safety(Tyco) are the leaders of safety glasses industry. In most of the segment countries, 3M and Honeywell both occupy the majority of market share.3M is a global leader. The sale of 3M was 32.76 million pairs, and the company holds a sales share of 18.23%. Safety glasses are mainly used for manufacturing industry, construction industry, oil & gas industry, chemicals industry and mining Industry. Construction industry is the most important application. In 2017, construction industry application holds 29.15% of the consumption market share.
Personal protective equipment includes head, eye and face protection, hearing protection, protective clothing, respiratory protection, professional footwear, fall protection, hand protection and others. Safety glasses only hold a small market share of total 40 billion PPE industries. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. Growing construction industry in emerging economies such as India and SEA coupled with rising workforce capacities is expected to augment product demand in future on account avoiding overhead costs such as compensation. In addition, in these underdeveloped areas, safety glasses are not yet an essential safety protection product. The product penetration rate in these areas is low. There is a large market potential in these areas.
The global Safety Glasses market was 830 million US$ in 2017 and is expected to 1060 million US$ by the end of 2025, growing at a CAGR of 3.1% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Safety Glasses in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
By the product type, the market is primarily split into
Plastic (CR39) Lens
By the end users/application, this report covers the following segments
Oil & Gas Industry
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