What is Prescription Safety Glasses Market?
Prescription goggles are widely used in both industrial and non-industrial environments. Prescription eyewear adoption is increasing, particularly in industries such as manufacturing, automotive, construction, mining, and healthcare. The surge in the adoption of prescription glasses can be attributed to a number of factors, including strict workplace safety guidelines, increasing awareness of eye injuries, and the development of new eye care products. According to the National Institute for Occupational Safety and Health, around 2,000 workers suffer from eye injuries every day, increasing the need for optimal eye care and safety in such environments. Another important factor that is expected to drive demand for prescription safety eyewear over the forecast period is the significant increase in the number of people with visual impairment. The adoption of prescription goggles among athletes, particularly in shooting, hunting, cycling, and adventure sports, has seen a significant surge in recent times, and therefore the prescription goggle market would continue to grow in the upcoming years. The advancements in the e-commerce sector are expected to provide an ideal platform for companies operating in the prescription safety eyewear market to grow sales.
The market study is being classified by Type (Shields, Goggles and Spectacles), by Application (Industry [Construction & Metalwork, Automotive & Overall Manufacturing, Healthcare & Laboratory, and Others] and Sports [Cycling & Overall Riding, Hunting & Adventurous Sports, Shooting, and Others]) and major geographies with country level break-up.
EssilorLuxottica SA (France), Wiley X Inc. (United States), Pyramex Safety (United States), Kimberly-Clark Corporation (United States), Phillips Safety Products (United States), Radians, Inc. (United States), MCR Safety (United States), Univet S.r.l. (Italy), UVEX GROUP (Germany), Bollé Safety (France) and Honeywell International Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are DEWALT (United States) and HOYA Corporation (3M) (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Prescription Safety Glasses market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Prescription Safety Glasses market by Type, Application and Region.
On the basis of geography, the market of Prescription Safety Glasses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Adoption of Prescription Safety Glasses among Sportspersons
- Stringent Regulations Pertaining To Workforce Safety
- Rising Awareness Related To Eye Safety in Construction Sector
Market Trend
- A Surge in the Number of Individuals with Vision Related Problems
- Extensive Usage of Smartphones and Computers Have Led To Vision Troubles Globally
Restraints
- High Cost of Prescription Safety Glasses
Opportunities
- Increasing Investment on Research & Development to Undertake Advancements in Technologies
- A Surge in Development of New Designs, Styles, And Features to Improve the User’s Comfort As Well As Minimize The Cost
Challenges
- Availability of Alternatives
Market Leaders and some development strategies
In July 2019, EssilorLuxottica had announced the acquisition of GrandVision to create a global eye care and eyewear company. With this acquisition, EssilorLuxottica would have expanded its optical retail platform, mainly in Europe, to include more than 7,200 stores worldwide and over 37,000 employees. The company is primarily focused on strengthening its presence around the world and taking further steps to become a global leader in eyewear.
In March 2017, Wiley X Inc. had added three new products to its industry-leading range in the Black Ops Collection Climate Control's WX Enzo sunglasses, which offer advanced protection with a distraction-free vision for a variety of activities.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Impetigo Drug, Suppliers and Distributors of Impetigo Drug, Venture Capitalists and Private Equity Firms and End-Use Industry