Safety goggles and glasses: Key market research findings
- North America dominates the market geographically
- Oil and gas segment accounts for a majority of the market revenue
- Key vendors – Honeywell, 3M, and Bollé Safety
The market research analysts at Technavio predict the global market for safety goggles and glasses to grow at a CAGR of around 4% between 2016 and 2020. The introduction of bifocal safety glasses is the driving force behind the adoption of safety goggles and glasses. Safety glasses with bifocal lenses, which allow for both distant and near vision, are driving market growth. Employers are increasingly focusing on the safety of their older employees by providing safety glasses with bifocal lenses. Workers using safety glasses often face the risk of incurring eye injury while switching between standard safety glasses and prescription eyeglasses. During 2015, North America accounted for around 35% of the overall market share to become the dominant shareholder in the global market. Stringent worker safety regulations and high worker compensation in case of injuries are likely to propel growth of the safety goggles and glasses market in North America during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of safety goggles and glasses segments based on the end-user industry.
“The market is currently undergoing technological advancements in terms of safety eyewear material. Polycarbonate is widely used to manufacture safety eyewear lenses since it is lightweight and offers high optical clarity. Other key materials used in safety glasses include glass, hardened glass, and cellulose acetate. Advances in material technology have resulted in the production of lenses that exceed applicable safety standards. Vendors are exploring the use of various thermoplastic elastomers and urethanes for the production of lenses for safety goggles and glasses. Such technological advances have led to the introduction of products that offer greater performance and comfort,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
According to our analysts, the oil and gas segment will account for a 26% share of the overall market revenue to retain its position as the key revenue generating vertical in the safety goggles and glasses market in 2020. The oil and gas industry poses several occupational hazards that necessitate the use of various types of personal protective equipment, including safety eyewear. Safety glasses and goggles designed for the oil and gas industry should protect the wearer from hazards such as molten metal, liquid chemicals, acids, chemical gases and vapors, flying particles, and light radiation. The growing demand for over-the-glass goggles that can be worn over prescription eyeglasses will aid in the growth of this market segment over the next four years.
The key vendors in the global safety goggles and glasses market include Honeywell, 3M, and Bollé Safety. Vendors are employing advanced material and processing technologies to offer high-performance products. Apart from performance- and comfort-enhancing designs, vendors are focusing increasingly on introducing colored lens products that are appealing to style-conscious users. So, goggles and glasses in colors such as blue and yellow are available in the market.
A more detailed analysis is available in the Technavio report, Global Safety Goggles and Glasses Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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