Over the five years to 2014, Protective Eyewear Manufacturing industry revenue is expected to grow at an annualized rate of 2.8% to $555.5 million, including an increase of 3.4% in 2014. The American Optometric Association estimates that 90.0% of these injuries could be reduced or prevented with the use of proper eye protection. The number of industry operators is estimated to increase at an average annual rate of 0.8%. Growth in the number of companies has been subdued due to major acquisition activity by the industry's largest players, 3M Company and Honeywell International Inc. Additionally, high manufacturing costs and rising prices for plastic materials have created an industry in which almost half of domestic demand is supplied through imports. Over the next five years, imports are expected to continue growing as domestic manufacturers focus on higher value-added products with increased functionality and design elements. Rising domestic demand will enable revenue to grow at a robust rate over the five years to 2019. Read more.
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