Global Protective Eyewear Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Protective Eyewear Market 2021 (Includes Business Impact of COVID-19)
Global Protective Eyewear Market is a recently researched and prepared report by Trusted Business Insights. The report provides in-depth information and insights, revenue details, and other data regarding scenarios in the target market. Trends, drivers, restraints, opportunities, and threats in the market have been analyzed and studies in order to present confident and accurate forecasts and projections. Details of the key players operating in the target market have been presented along with competitive landscape, along with revenues and financials, key or recent developments, strategies, acquisitions & mergers, and market reach. On the basis of design, the report has been segmented into direct vented, indirect vented, and non-vented. According to type, the report is segmented into prescription and non-prescription, and as per end-user, it is segmented as construction, oil & gas, industrial manufacturing, mining, and others.
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The global Protective Eyewear market size was valued at USD$2.50 billion in 2020 and is projected to reach UDS$3.70 billion by 2030, and is anticipated to expand at a CAGR of 3.97% over the forecast period from 2020 to 2030.


Global Protective Eyewear Market: Overview


Protective eyewear is manufactured or produced in the form of glasses or goggles, and are meant to protect the users eyes from dust particulate, chemicals, fumes, or other hazardous substances and liquids etc. Such eyewear is commonly used by personnel in industrial manufacturing, at construction sites, in locations where there is exposure to oil & gas, and in the mining sector and others.


Global Protective Eyewear Market: Dynamics


Implementation of stringent regulations and derivatives related to worker and personal safety is a major or primary factor fueling revenue growth of the global protective eyewear market. Increasing workplace accidents and incidents is among some of the other factors resulting in rising demand for personally-owned protective equipment, including protective eyewear. Supportive government regulations is another key driving factor for growth of this market currently. An increasing number of individuals opting to produce products in their backyard or garages, at privately run do-it-yourself set-ups, in the outdoors while working with wood, metals, soil, clay, sculpturing, woodworking and tree felling, at shooting ranges etc. These are prominent trends or activities in countries such as the US, Canada, Russia, France, Germany, Sweden, and the UK to name a few. In addition, adoption of protective eyewear has been witnessing a major surge in the recent past with a number of protests being held in several countries such as Venezuelan protests, Hong Kong, the UK, Iraq, Palestine. The eyewear is used to protect against contact with chemical substances, water, sprays, gas, and others.


Global Protective Eyewear Market: Segment Analysis


By Product Type:

Among the product type segments, the non-prescription product segment accounts for a significant revenue share in the target market. Revenue from the prescription segment is projected to also register high growth, driven by rising demand for customized eyewear for those persons with proper vision, but using spectacles. Provision of consultation services and pre-purchase product trials at vendor outlets is supporting demand.

By Application:

Among the application segments in the global protective eyewear market, the industrial manufacturing segment is projected to maintain its dominance in terms of revenue share, followed by the   military segment. This is due to increasing conflicts and protests in various countries and need to deploy military and security and police personnel, and also increasing number of countries conducting military exercises is another factor. Expanding areas of application and choice from a range and variety of products is driving adoption of protective eyewear products.


Global Protective Eyewear Market: Regional Analysis


Among the regional markets, North America and Europe currently account for major revenue shares in the global protective eyewear market. This is primarily attributed to stringent government regulations in countries in these two regions. Currently, the US is the largest user of protective eyewear globally, followed by Germany. The market in Asia Pacific is projected to account for significantly high revenue growth rate over the next five years. This is attributable to militaries in countries such as India, South Korea, China, and Japan increasing expenditure on the defense industry, as well as for increasing protection of personnel. In addition, industrialization, especially in China and India, has been increasing rapidly in the recent past.


Below are the active patents related to Protective Eyewear Market.


Patent Number: US20040078875A1

Protective goggles

Abstract

A goggle having features of the present invention comprises a transparent housing with an arcuate upper surface with a first end and a second end, a planar frontal surface, a centrally disposed nose bridge and a first and second lower panel disposed opposite the nose bridge. The first and second lower panel join the arcuate upper surface proximate the arcuate upper surface first end and second end while the housing is contoured to conform to the topography of the wearers face. Vents are disposed adjacent the nose bridge and means for supporting the goggle on the head of the wearer.

Application File Date: 2003-10-22

Application Granted Date: 2006-08-29

Current Assignee: Basimah Khulusi Md LLC

Patent Number: US7073208B2

Ventilated safety goggles

Abstract

The invention is for safety goggles to protect eyes of a user of the safety goggles. The safety goggles include a lens and a frame with a bridge. A goggle chamber is formed between the lens and the face of the user. The safety goggles have a lower ventilation assembly that admits air one either side of the bridge. The safety goggles also includes an upper ventilation assembly at an upper portion of the frame. Air enters the goggle chamber through the lower ventilation assembly, heats near a nose of the user and exits the goggle chamber through the upper ventilation assembly. Each of the lower and upper ventilation assemblies cover a corresponding lower and upper air path in such a manner that allows air to pass through the corresponding air path while preventing solid projectiles and splashed liquid from having a direct line of trajectory to the eyes of the user.

Application File Date: 2002-12-20

Application Granted Date: 2006-07-11

Current Assignee: Kimberly Clark Corp CIT Group Business Credit Inc

Patent Number: US20070182916A1

Protective eyewear including auxiliary lenses

Abstract

An eyewear assembly includes an outer first frame, at least one outer first lens, an inner second frame, and at least one inner second lens. The assembly includes a mechanism for holding the first frame and first lens in front of a users face. The second frame has a mechanism for attachment to the first frame, to hold the second frame between the users eyes and the first lens. The at least one second lens is carried by the second frame. The second frame includes a first frame portion that mounts the second lens and a second frame portion overmolded onto the first frame portion defining portions of the outside surface area of the second frame. The first frame portion is of a relatively hard material and the second frame portion is of

Application File Date: 2006-10-06

Application Granted Date: 2010-01-05

Current Assignee: Reyewear Acquisition Inc

Global Protective Eyewear Market Segmentation:

Segmentation by Product Type:

  
Prescription
  
Non-prescription

Segmentation by Application:

  
Oil & Gas
  
Construction
  
Mining
  
Industrial Manufacturing
  
Military
  
Others


Key Market Players included in the report:


  
3M
  
Bolle-Safety
  
Carhartt Inc
  
Fu Sheng Optical Industry Company Ltd.
  
Gateway Safety
  
Honeywell Safety Products
  
Kimberly Clark
  
Lincoln Electric Holdings Inc
  
Mancine Optical Company
  
MCR Safety
  
Miller Electric
  
Phillips Safety Products
  
Pyramex Safety Products LLC
  
Smith & Wesson
  
Stanley Black and Decker Inc.
  
Uvex Group
  
Wiley X Inc.


Below are the key development related to Protective Eyewear Market in 2020 and 2021.


May 2021: FFL Partners and CDPQ Complete Acquisition of New Look Vision Group. The transaction represents the successful completion of the plan of arrangement, and positions the leading retailer of eye care products and services in Canada for accelerated growth.

March 2021: Würth Industry North America/Northern Safety & Industrial Acquires ORR Safety to Deliver Expanded Safety Solutions Nationally. Würth Industry North America (WINA)/Northern Safety & Industrial (NSI) is pleased to announce the acquisition of Louisville-based ORR Safety, one of the largest privately held safety companies ($125M) in the United States. Since 1948, ORR Safety has provided personal protective equipment (PPE) and related safety services to over 2,000 customers, helping to protect hundreds of thousands of workers. It has over 250 employees and four distribution facilities across the US. The acquisition of ORR Safety will add depth and diversity to Würth Industrys current safety product offering by NSI, which Würth acquired in 2015. NSI and ORR Safetys combined logistics, locations, personalized safety programs, and private label products make it one of the largest safety-focused national distributors. The purchase will better serve the needs of Würth Industrys existing customers with expanded personalized safety services, such as safety shoes, prescription safety eyewear, and corporate accounts programs.  Source