Safety Glasses market report provides a comprehensive overview of current trends and new product development in the global Safety Glasses market. Featuring global and regional data and over top key players profiles, this report provides the ultimate guide to exploring opportunities in the Safety Glasses industry internationally.
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 the manufacturing industry, construction industry, oil & gas industry, chemicals industry and mining Industry. The construction industry is the most important application. In 2017, the 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 a total of 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 large market potential in these areas.
The worldwide market for Safety Glasses is expected to grow at a CAGR of roughly 3.0% over the next five years, will reach 990 million US$ in 2024, from 830 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Safety Glasses in the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The overviews, SWOT analysis and strategies of each vendor in the Safety Glasses market provide understanding about the market forces and how those can be exploited to create future opportunities.
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