Prescription Safety Glasses Industry - Regional Synopsis
Geographically, the prescription safety glasses market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America industry is expected to account for largest revenue share by 2037, due to strict obligation of safety regulations at the workplace. Product demand in North America is projected to rise due to the strict obligation of safety regulations at the workplace. Besides, various employers are carrying out research studies to control the health risk posed to their employees at work, increasing employee satisfaction, and encouraging safety at work.
The Occupational Safety and Health Act of 1970 formed OSHA, to set and impose protective workplace safety and health standards. An increase in the adoption of OSHA & NIOSH controlled products to minimize the incidences of harmful hazards are the other vital factors supporting the growth.
The strong manufacturing base of automotive means of transportation in Germany and the U.K. is projected to support the industry of safety equipment in the foreseeable future. The rising demand for the safety eye equipment in automotive and chemical manufacturing companies of Europe owing to the growth of these industries is likely to boost the growth in European regions.
Asia Pacific is anticipated to be the fastest-growing regional market. Growing industrial development in emerging nations of the Asia Pacific and the Middle East is projected to boost the demand for protective eye equipment, thereby increasing the demand for prescription safety glasses. Also, the oil & gas, mining, and construction sectors are the major one that are driving the markets of the Asia Pacific and the Middle East. The product demand in these sectors is increasing gradually as they pose a high threat of eye injuries. Awareness related to workplace hazards in these sectors may propel the growth of the market in these countries.
