Safety Goggles and Glasses – Market Trends and Forecast from Technavio

LONDON–(BUSINESS WIRE)–#Research—Technavio
analysts forecast the global
safety goggles and glasses market to grow at a CAGR of
close to 4% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of
the global safety
goggles and glasses market for 2016-2020. To
determine the market size, the study considers revenue generated from
the sales of safety goggles and glasses by manufacturers.

Goggles and glasses with anti-fog functionality is a rising trend
among consumers in the market. The incorporation of single-pane lenses
with advanced anti-fog coatings in safety eyewear is expected to drive
market growth due to their ability to prevent fogging for extended
periods of time.

“3M, one of the top vendors in the global safety goggles and
glasses market, offer safety goggles and glasses that use lenses with
permanently-bonded anti-fog coatings. These advanced coatings provide a
long-lasting and clear view to the wearer. Products with anti-fog
coatings have superior performance, and the demand for these products
will increase in the coming years,” says Abhay Sinha, one of the
lead analysts at Technavio.

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Technavio analysts highlight the following three factors that are
contributing to the growth of the global safety goggles and glasses
market:

• Strong demand for laser safety eyewear
• Introduction of bifocal safety glasses
• Continuous design innovations

Strong demand for laser safety eyewear

Laser safety glasses protect the user’s eyes from laser beams emitted
from equipment such as laser machines. The demand for laser safety
glasses will increase rapidly, due to the increasing use of laser
machines in industries such as healthcare and manufacturing. The healthcare
industry will be the leading consumer of laser safety glasses
during the forecast period, with applications such as dermatology and
dentistry driving market growth. In dermatology, laser is widely used
for the treatment of skin conditions, scars, marks, and unwanted hair,
while in dentistry, laser treatment is used for treatments such
as removal of inflamed gum tissue, treatment of infections in root
canals, and teeth whitening procedures.

“Emerging markets like APAC will be key destinations for cosmetic
dermatology and dentistry due to low healthcare costs compared with
developed regions such as North America and Western Europe. Moreover,
GDP growth in emerging markets such as China and India has increased the
per capita GDP, making the consumption of cosmetic
services more affordable,” says Abhay.

Real GDP per capita growth of the top five countries in APAC 2013-2015
(%)

Source: Technavio

Introduction of bifocal safety 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. Although this swap may only last a few minutes,
workers face the risk of serious eye injury due to non-compliance.

Vendors in the market such as Gateway Safety, 3M, and Honeywell
offer bifocal safety glasses with various diopters that allow workers,
especially older employees, to read instructions clearly, work with
small components, and perform tasks at close ranges. So, bifocal safety
glasses will grow at a faster rate than standard safety glasses, posting
a CAGR of over 4% during the forecast period.

Continuous design innovations

The global safety goggles and glasses market is characterized by
continuous innovations. The focus of innovation is shifting from
performance to the aesthetic appeal of the safety glass. As vendors have
achieved optimum performance standards set by the market, they are now
focusing on features and styling to expand their product portfolios.

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.

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Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
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value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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