Leading Safety Eyewear Application Markets Databank
The Safety Eyewear market was valued at $2,420.0 Million in 2020, and is projected to reach $5,630.8 Million by 2029 growing at a CAGR of 9.90% from 2021 to 2029. Industrial Manufacturing segment is expected to be the highest contributor to this market, with $770.2 Million in 2020, and is anticipated to reach $1,805.2 Million by 2029, registering a CAGR of 9.99%. Oil & Gas segment is anticipated to reach $317.2 Million by 2029 with the highest CAGR of 10.17%. Industrial Manufacturing and Military segments collectively expected to account for about 61.6% share of the Safety Eyewear market in 2020, with the former constituting around 31.8% share. Oil & Gas and Mining segments are expected to witness significant growth rates at a CAGR of 10.17% and 10.13% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 9.8% in the overall Safety Eyewear market in 2020, and is anticipated to reach 10.0% by 2029.
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