Latin America Safety Eyewear Market Size & Outlook
Latin America safety eyewear market, 2018-2030 (US$M)
Related Markets
Latin America safety eyewear market highlights
- The Latin America safety eyewear market generated a revenue of USD 338.2 million in 2023.
- The market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, industrial manufacturing was the largest revenue generating application in 2023.
- Industrial manufacturing is the most lucrative application segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 338.2 million |
| Market revenue in 2030 | USD 436.1 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Industrial manufacturing |
| Fastest growing segment | Industrial manufacturing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oil & Gas, Construction, Mining, Industrial manufacturing, Military |
| Key market players worldwide | Kimberly-Clark Corp, Bunzl PLC, Honeywell International Inc, 3M Co, Gateway Safety, Uvex Group, MEDOP, Bollé Safety, Radians, Pyramex Safety Products |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.1% of the global safety eyewear market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 292.5 million by 2030.
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Safety Eyewear Market Scope
Safety Eyewear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America safety eyewear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to safety eyewear market will help companies and investors design strategic landscapes.
Industrial manufacturing was the largest segment with a revenue share of 30.75% in 2024. Horizon Databook has segmented the Latin America safety eyewear market based on oil & gas, construction, mining, industrial manufacturing, military covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America was nearly 6.9 for every 100,000 workers in service industry, 11.1 in industry, and nearly 10.7 in agriculture sector. Such high workplace injury rate is estimated to increase the demand for personal protective equipment.
However, lack of regulatory framework, training, & information regarding associated risks and budget constraints in small medium enterprises in this region are anticipated to limit the market growth.
Supportive strategic initiatives being undertaken by local market players are anticipated to boost the market demand, thus reducing capital investments and budget constraints faced by both companies.
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Target buyers of Latin America safety eyewear market databook
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Our clientele includes a mix of safety eyewear market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America safety eyewear market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America safety eyewear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America safety eyewear market size, by country, 2018-2030 (US$M)
Latin America Safety Eyewear Market Outlook Share, 2024 & 2030 (US$M)
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