Global Safety Helmet Market by Material (PE, ABS, PC), by Product (Bump Caps, Hard Hats), by End Use (Mining, Manufacturing, Construction) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global safety helmet market was worth USD 1.8 billion in 2019. It is projected to grow at a compound annual rate (CAGR of 5.0%) over the forecast period. Market growth is expected to be boosted by the rising demand for safety helmets in the construction, manufacturing, mining and other sectors. Market growth is expected to be robust from 2020-2027 due to the growing construction and infrastructure industry. This will in turn drive the demand for safety helmets for construction workers. The market is expected to be driven by rising safety awareness in countries like India and China. Safety helmets have seen a surge in adoption due to the strict regulations in the U.S. regarding employee safety and the severe penalties for those who do not comply with these safety standards. The PE helmets will be the most popular market because of their higher acceptance in the welding, mining, chemical and construction industries.

Protective headwear for industrial environments is used to reduce the chance of injury in difficult work environments. There are many options for the product, including different designs and colors. The helmet's colors indicate different uses for the safety gear in various applications. The color can also signify different designations within different organizations.

In many economies in Central and South America, there has been a high number of head injuries due to poor safety awareness and the inability of employees to use safety helmets in various mining and manufacturing activities. This will lead to an increase in demand for safety helmets throughout the forecast period.

The projected growth in industrialization in many developing countries is expected to increase the demand for safety helmets. Safety helmets will continue to grow in the future due to the increasing importance of safety for employees to prevent head injuries while at work.

Material Insights

The market leader in polyethylene (PE), helmets accounted for over 75.3% of global revenue in 2019. Because PE is so inexpensive, the PE helmets are more affordable than helmets made from other materials. This will continue to be the dominant segment for the forecast period.

Safety helmets can also be made from Polycarbonate (PC), and Acrylonitrile Butadiene Sterene (ABS). The market is expected to grow due to rising safety concerns and manufacturers' efforts to create safety helmets that provide superior head protection.

ABS helmets will see the highest CAGR at 5.1% between 2020 and 2027. This is due to factors like high thermal stability, durability, and low replacement costs. Additionally, ABS helmets will see increased usage in the manufacturing, oil and gas and power generation industries over the forecast period.

Due to the product attributes of PC, such as better protection against extreme temperatures and harmful UV rays and other chemicals, the Polycarbonate (PC), segment will see a moderate CAGR during this forecast period. These helmets are also dielectric and have dimensional stability.

Product Insights

The market leader in hard hats was more than 86.22%, owing to increased demand in the mining, manufacturing and construction industries across various countries, including North America and Europe. These hats are expected to be able to protect workers working near electrical conductors from electrical shock, which will help to boost growth.

The market can be divided into two types based on its product: hard hats or bump caps. Type I and II are the hard hats, while type II is for bump caps. The bump caps can be divided into soft bump and hard bump caps. Market growth is expected to be driven by the availability of safety helmets in a variety of designs and specifications. Market growth is expected to be driven by the availability of high-quality safety helmets for industrial use in a variety of industries.

Bump caps can be used as an alternative to traditional safety helmets. Bump caps are more popular because they are lightweight and less stressful on the neck. The product is not recommended for use in industrial applications where there are severe hazards.

From 2020 to 2027, the bump caps segment will grow at 4.1% CAGR. This is due to its increased use in situations that present a lower risk to workers. This product is used to protect against head bumping from objects placed above the work area or shop floor.

End-use Insights

Construction dominated the market, accounting for over 43.6% of global revenue in 2019. This is due to the growing demand for better infrastructure, such as roads, harbors and railways. It will also stimulate demand for safety helmets in the future.

The market for industrial safety helmets is mainly divided into three categories: mining, construction, and manufacturing. Due to its advantages like shock absorption and protection against the vertical and side impact that can cause serious head injuries to workers, the demand for the product will grow in these end-use markets.

It is also used in many other industries, including power generation and oil and gas. The demand for industrial head protection products will increase due to the increased demand from consumers.

Due to rising demand from different end-use industries for natural resources, the mining industry will see a 5.1% CAGR over the forecast period. This will drive the demand for safety helmets that provide head protection to miners who are subject to many potential accidents.

Regional Insights

North America was the dominant market, accounting for 33.7% of global revenue in 2019. The region's demand is expected to grow moderately over the forecast period due to the growing need for safety helmets that are high-utility and efficient in many industries, including metal fabrication.

Asia Pacific will see the highest CAGR at 6.1% between 2020 and 2027 due to the increasing number of fatalities and severe occupational head injuries in countries like China and India. Safety helmets will be in high demand due to the growth of the construction and manufacturing sectors in the region.

Safety helmets are being mandated by governments in Asia Pacific countries, including India and China, to protect employees. Market growth will likely be influenced by the proactive actions of various associations like ASTM, ANSI and ISO.

Due to the increasing workforce in countries like the U.S. and China, the end-use industries, including construction and manufacturing, are expected to experience significant growth. Safety helmets will be in high demand due to the increasing safety regulations for employees.

Market Share Insights & Key Companies

Multinationals are present in the market, making it competitive. This market is characterised by the presence of large consumer bases across the globe, with companies operating through dedicated distribution channels. Pricing pressure will be a challenge for manufacturers. But, the global and local players are expected to help them achieve market dominance through strategic product differentiation.

Manufacturers are focusing their efforts on improving safety helmets to suit different environmental conditions. Market growth is expected to be aided by the availability of a broad range of safety helmets in varying designs and specifications. The safety helmets market is dominated by the following players:

• Delta Plus Group

• Bullard

• Honeywell International Inc.

• 3M

• MSA

• JSP

• Polison Corporation

• Dragerwerk AG & Co. KGaA

• Uvex Group

• Centurion Safety Products Ltd.

• Schuberth GmbH

• Concord Helmet & Safety Products Pvt. Ltd.

• OccuNomix International LLC

• VOSS-HELME GmbH and Co. KG

• Pyramex

Up Market Research published a new report titled “Safety Helmet Market research report which is segmented by Material (PE, ABS, PC), by Product (Bump Caps, Hard Hats), by End Use (Mining, Manufacturing, Construction), By Players/Companies Centurion Safety Products Ltd, Honeywell International Inc, Pyramex, 3M, Dr¤gerwerk AG & Co KGaA, MSA, JSP, Polison Corporation, Bullard, Uvex Group, Delta Plus Group, VOSS-HELME GmbH & Co KG, OccuNomix International LLC, Schuberth GmbH, Concord Helmet & Safety Products Pvt Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Safety Helmet Market Report Segments:

The market is segmented by Material (PE, ABS, PC), by Product (Bump Caps, Hard Hats), by End Use (Mining, Manufacturing, Construction).

Safety Helmet Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Safety Helmet Market

Overview of the regional outlook of the Safety Helmet Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Safety Helmet Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Safety Helmet Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. PE

                2. ABS

                3. PC

                1. Bump Caps

                2. Hard Hats

                1. Mining

                2. Manufacturing

                3. Construction

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Safety Helmet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
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Reasons to Purchase the Safety Helmet Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.