Industry Analysis & Industry Trends
On the safe side
Regulations for eye protection in the workplace will continue to drive demand in the coming years, as unemployment begins to slowly improve. US-based firms will likely focus their efforts on higher value added activities and develop more advanced products over the coming years to sustain profit. Further, the industry will look to export markets for revenue as growth in key demand sectors in foreign nations outpaces US demand.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Decades ago, the industry grew rapidly, as new regulations were introduced regarding workplace safety. Since then, growth has slowed down along with wholehearted market acceptance and saturation. Despite new and increasing regulations, industry value added growth is not rapid enough to classify the Protective Eyewear Manufacturing industry as growing. Industry value added, which measures the industry's contribution to the overall economy, is expected to grow at an average annual rate of 2.7% over the 10 years to 2016. Over that same period, US GDP is anticipated to grow at a rate of 2.0%; hence, the industry's share of the economy is relatively stable.
The industry's lackluster growth has occurred because of strong import competition. Imports valued at $350.6 mi... purchase to read more