The global safety eyewear products market was valued at USD 10.6 billion in 2022 and is expected to register a CAGR of 8.2% from 2023 to 2030. The demand for safety eyewear products is driven by the increasing awareness among consumers about the potential hazards associated with inadequate eye protection. Furthermore, the growing number of workplace accidents, occupational hazards, and sports injuries are expected to propel the demand for safety eyewear products. The rising trend of using enhanced protective eyewear for sports and recreational activities is also propelling the market growth.

The rising awareness about the potential hazards of inadequate eye protection at workplaces, sports, and recreational activities is prompting governments to mandate protective eyewear. For instance, in May 2021, the International Organization for Standardization (ISO) had revised its safety eyewear standard, ISO EN 166, to make it more comprehensive. These standards are now applicable to a wider range of eyewear products and are designed to protect against a wide range of hazardous conditions.

In addition, the increasing number of eye injuries due to rising participation in sports activities is driving the demand for protective eyewear. For instance, in April 2021, a study published in the journal Ophthalmology revealed that the prevalence of eye injuries had increased by almost 50% in the US between 2014 and 2018. This is due to a rise in the number of sports-related eye injuries and accidents. In view of this, many vendors are launching new products that are specifically designed for sports and recreational activities. For instance, in April 2021, one of the leading sportswear and footwear companies, Nike, launched a new range of protective eyewear for athletes.

Furthermore, the rising demand for technologically advanced eyewear products is expected to propel the market growth. Many vendors are developing innovative products to cater to the needs of the consumers. For instance, in April 2021, Oakley launched a new range of eyewear products with the integration of HDO technology. This technology offers an enhanced contrast in the lenses, which helps in providing better visibility. Similarly, in March 2021, the Italian eyewear company, Luxottica, launched its new collection of eyewear with a range of innovative features such as adjustable temple tips, adjustable nosepads, and adjustable lenses.

In addition, the increasing demand from the older population is also driving the market growth. According to the World Health Organization (WHO), the number of people aged 60 years and above is projected to double by 2050. With aging, the risk of eye diseases such as glaucoma, cataracts, and age-related macular degeneration increases. Therefore, the rising demand for corrective eyewear among the elderly is expected to drive the demand for safety eyewear products in the coming years.

The safety eyewear segment held the largest market share in 2020 and is projected to maintain its dominance over the forecast period. The growth of the segment is attributed to the increased demand for safety eyewear products in the construction and industrial sectors. The increased demand for safety eyewear products from these sectors is mainly attributed to the strict safety regulations imposed by the governments and various international organizations to protect the workers from hazardous work environments. Furthermore, the growing number of sports activities and the rising popularity of adventure sports are expected to boost the demand for safety eyewear products.

The prescription eyewear segment is anticipated to expand at the highest CAGR of 6.9% over the forecast period. The growth of the segment is mainly attributed to the increasing prevalence of eyesight problems among population, particularly in developing countries. The rising awareness about the importance of eye protection and the availability of prescription eyewear products in various designs and colors are some of the other factors driving the growth of the segment. Furthermore, technological advancements in the production of prescription eyewear are expected to drive the segment growth over the forecast period.

The supermarkets and hypermarkets segment captured the major share of the safety eyewear products market in 2022. The growth of the segment is mainly driven by the rising consumer inclination towards supermarkets & hypermarkets as a primary source to purchase safety eyewear products. These establishments also provide a reasonable selection of products and assist customers in making rapid purchasing decisions for the required safety eyewear product.

The online segment is anticipated to expand at the highest CAGR of 8.3% over the forecast period. E-commerce development in the safety eyewear industry has been rapid, with companies launching online websites and shopping apps to increase their brand visibility among consumers. For instance, in May 2021, 3M launched its e-commerce store which will enable customers to purchase safety eyewear products directly from the company. The store will also offer a wide range of safety eyewear products along with expert advice and opinions on choosing the best product.

The safety eyewear products market is divided into two major segments, namely, prescription safety eyewear and non-prescription safety eyewear. The non-prescription safety eyewear segment accounted for the major share of the market in 2021. Non-prescription safety eyewear is mainly used in workplaces, such as construction sites, manufacturing units, and other industrial sectors. It provides protection from metal chips, dust, and other hazardous particles. Also, the growing demand for non-prescription safety eyewear among the youth to enhance their fashion appeal is expected to fuel the demand for this segment.

The prescription safety eyewear segment is expected to register the highest CAGR of 5.3% over the forecast period. The increasing preference for prescription safety eyewear among people who require vision correction is driving the growth of this segment. In addition, the growing awareness about safety eyewear and the increasing promotional activities by the major players to increase the demand for prescription safety eyewear are expected to fuel the growth of this segment. Moreover, the increasing number of governmental initiatives to promote the usage of prescription safety eyewear is expected to propel the growth of this segment in the upcoming years.

Europe is expected to be the largest regional market for safety eyewear products during the forecast period. Increasing demand for safety eyewear products in the manufacturing and construction industry in the region is driving the market growth. According to Eurofound, the construction industry in Europe employed approximately 14.7 million people in 2019. Also, due to the presence of major safety eyewear manufacturers such as Uvex, ESSILOR, and Honeywell Safety Products, the region is expected to witness strong growth in the coming years.

Asia Pacific is expected to witness the fastest growth over the forecast period. Increasing demand from the construction, manufacturing, and healthcare sectors is contributing to the growth of the market in the region. Moreover, increasing awareness about safety and health among workers is likely to drive the demand for safety eyewear products in the region. Furthermore, the growing population and rising disposable incomes are further expected to drive the demand for safety eyewear products.

In this part of the safety eyewear products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your safety eyewear business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a safety eyewear products business comes from the sales of safety eyewear products. Here you will find a list with a description of each type of product that you plan to offer, as well as other possible sources of profit such as fundraising, bulk orders, and sponsorships.

Projecting Expenses

In this section, all the regular expenses related to keeping the safety eyewear products business running will be described. The list of operating expenses includes product sourcing, wages, shipping costs, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the safety eyewear market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Honeywell Safety Products launched the ProGuard safety glasses, providing increased durability and better protection against impacts.

– In August 2022, Uvex Safety launched the Uvex Stealth OTG safety glasses, providing clear vision and comfort to workers in extreme conditions.

– In October 2022, 3M launched the SecureFit safety glasses, providing enhanced protection against impacts and dust.

Some of the prominent players in the safety eyewear market include:

– Honeywell Safety Products
– Uvex Safety
– 3M
– Bolle Safety
– Sperian Protection
– Gate Crafters
– Ansell
– MCR Safety
– Ergodyne
– Pyramex Safety

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global safety eyewear products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Clear Lenses
– Tinted Lenses
– Photochromic Lenses
– Polarized Lenses
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Prescription
– Non-Prescription

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Product Innovation in the Safety Eyewear Market?
[A]: Safety eyewear manufacturers are working on introducing high-end safety eyewear products into the market. Product innovation is playing an important role in driving the safety eyewear market. The manufacturers are introducing products with features such as anti-scratch, anti-fog, and polarized lenses. In addition, the manufacturers are introducing products with advanced technologies such as infrared (IR) and ultraviolet (UV) protection, and photochromic lenses. The manufacturers are also introducing products with modern frames to provide a better fit and comfort.

[Q]: Who are the Key Players in the Safety Eyewear Products Market?
[A]: The key players in the safety eyewear products market are Uvex Safety Group, Honeywell International Inc., 3M, Carl Zeiss AG, Zenni Optical Inc., Essilor International S.A., and Safilo Group S.p.A.

[Q]: Which Region Offers the Largest Opportunity for Sales of Safety Eyewear Products?
[A]: North America is the largest market for safety eyewear products, with an estimated market share of 37.1%. The region is expected to retain its dominant share throughout the forecast period. This is attributed to the presence of numerous safety eyewear manufacturers in the region, increasing awareness about the importance of safety among workers, and the growing demand for high-end safety eyewear products from the region’s manufacturing sector.

[Q]: What are the factors driving the safety eyewear products market?
[A]: The major factors driving the safety eyewear products market are the increasing awareness about workplace safety, the rising demand for protective eyewear in the manufacturing sector, and the growing demand for high-end safety eyewear products. In addition, technological advancements in safety eyewear are also contributing to the growth of the market.