USD 3.9 billion
Global Safety Helmets Market Size, Share, Growth Analysis, By Product(Hard Hats, Bump Caps), By Material(Polyethylene, Acrylonitrile Butadiene Styrene) - Industry Forecast 2024-2031
Report ID:
SQSG20C2006 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
62 |
Figures:
75
Global Safety Helmets Market Insights
Global Safety Helmets Market size was valued at USD 3.9 billion in 2019 and is poised to grow from USD 4.2 billion in 2023 to USD 7.5 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).
The demand for safety helmets is expected to increase over the forecast period, particularly in the mining, manufacturing, and construction industries due to the rising number of workplace head injuries. Construction safety helmet demand is likely to be driven by the market's anticipated strong growth as a result of the booming construction and infrastructure sectors. Furthermore, the market is anticipated to be driven by growing worker safety awareness in nations like China and India. Safety helmet use has increased dramatically in recent years thanks to strict regulations concerning employee safety in the U.S. and severe penalties for violating safety norms.
Workers are at risk of a variety of hazards on the job, including falling heavy objects on them, colliding with large objects, and falling from high structures. These kinds of dangers are challenging to eliminate with group protective equipment because of the nature of such works. In light of this, wearing safety helmets is the only practical way to guarantee employees' safety. Using the right kind of safety helmet is essential for successfully reducing the risk of accidents and injuries. When choosing a safety helmet, keep in mind that it must meet a number of performance requirements, such as offering maximum user comfort and protection from penetration.
US Safety Helmets Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hard Hats
Fastest Growth
Bump Caps
Growth Rate
7.6% CAGR
Global Safety Helmets Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Safety Helmets Market By Product , 2021-2028($ Bn)
Global Safety Helmets Market Size By Product , 2021-2028 (%)
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Global Safety Helmets Market Segmental Analysis
Global safety helmets market is segmented based on the Product, Material, and region. Based on the Product, the Global Safety Helmets Market is segmented as Hard Hats, and Bump Caps. Based on Material, the Global Safety Helmets Market is segmented as Polyethylene, Acrylonitrile Butadiene Styrene, and Polycarbonate. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Safety Helmets Market Analysis by Product
Based on the Product, the safety helmets market is bifurcated into hard hats and bump caps. The market share that belongs to hard hats is the largest because of increased demand for type I hard hats in mining, manufacturing, and construction industries in various economies including Europe and North America, led the market and accounted for more than 86.2% of global revenue share in 2021. Additionally, it is anticipated that the ability of these hats to shield workers who are close to exposed electrical conductors from the electrical shock will support growth.
Safety Helmets Market Analysis by Material
Based on Material the safety helmets market is segmented into Polyethylene, Acrylonitrile Butadiene Styrene, and Polycarbonate. The Polyethylene (PE) category held the most market share. Because PE is a cheap material, PE helmets are more affordable than helmets made of other materials. This is expected to lead to the segment's dominance remaining constant throughout the forecast period. Acrylonitrile Butadiene Styrene (ABS) and Polycarbonate (PC) are also used in the production of safety helmets. The market is likely to be driven by growing worries about worker safety and manufacturers' initiatives to create safety helmets with the best possible head protection using the aforementioned materials. The ABS helmet market is expected to grow at the fastest rate due to characteristics like high thermal stability and durability that reduce the need for frequent product replacement.
Global Safety Helmets Market By Product, 2021(%), 2023 (%)
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Global Safety Helmets Market Regional Insights
Asia Pacific is expected to control the safety helmets market share. In order to ensure worker safety, safety helmet use is increasing in the Asia Pacific region, and organisations like ASTM, ANSI, and ISO are taking more aggressive measures, which will probably have a positive impact on market growth. A significant increase in mergers and acquisitions, integration activities, and site relocations has also aided the industrial growth of the area. The increased production of safety helmets in developing countries like India, Vietnam, Thailand, and Malaysia is anticipated to drive the Asia Pacific market. The use of personnel safety equipment, such as safety helmets in new construction as well as renovation activities, is anticipated to increase in Europe as a result of low mortgage rates. The EU, OSHA, and ILO have all worked to prevent workplace accidents, which has increased the demand for safety helmets. Due to the existence of numerous manufacturing facilities there, Germany is one of the major consumers of safety helmets in Europe. According to Germany Trade & Invest, Germany is the most industrialized nation in Europe with a diverse economy, with the automotive industry serving as the primary sector. The demand for safety helmets is likely to increase due to the fast expansion of the automobile manufacturing industry, which will help to reduce workplace accidents and improve worker safety.
Global Safety Helmets Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Safety Helmets Market Dynamics
Safety Helmets Market Driver
- The number of construction projects is rising on a global scale. The demand for safety helmets to protect against injuries falls from buildings, collisions with heavy objects, and other accidents occurring on construction sites is being influenced by the increased focus on worker safety at construction sites. Additionally, the expansion of buildings, roads, and other infrastructure projects is boosting the demand for helmets. For their high strength, durability, and lightweight, helmets made of durable materials like carbon fiber polyethylene terephthalate, fiberglass, acrylonitrile butadiene styrene, and others are preferred. The India Brand Equity Foundation (IBEF) estimates that 11.5 million home building projects will be completed by 2025, making India the third-largest construction market in the world. As a result of the increased focus on safety, comfort, and protection, the demand for helmets will increase along with infrastructure, commercial, residential, and other project development.
- It is anticipated that increasing demand for polyethylene in a variety of end-use industries, such as the production of automotive parts, textiles, and electrical coatings, will lead to inconsistent raw material supply for the production of safety helmets. Therefore, it is anticipated that the penetration of safety helmets will be constrained over the forecast period by rising raw material costs and erratic supply.
Safety Helmets Market Restraint
- The plastic may become brittle from UV and sunlight exposure, making the helmet less likely to offer the necessary level of protection to prevent major accidents. The aforementioned factors are anticipated to be the market for safety helmets' biggest obstacles. The development of the global market for safety helmets is also anticipated to be hampered by strict rules governing the production and labelling of safety helmets.
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Global Safety Helmets Market Competitive Landscape
Global safety helmets market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Safety Helmets Market Top Player's Company Profiles
- 3M
- Honeywell International Inc.
- MSA Safety Inc.
- uvex safety group
- Delta Plus Group
- JSP Ltd
- Centurion Safety Products Ltd
- Bullard
- Kimberly-Clark Corporation
- Lakeland Industries Inc.
- Alpha Pro Tech Ltd.
- Moldex-Metric AG & Co. KG
- Gentex Corporation
- Portwest Ltd.
- Schuberth GmbH
- SureWerx
- Cintas Corporation
- Gateway Safety, Inc.
- Dynamic Safety International Inc.
- Optrel AG
Safety Helmets Market Recent Developments
- In July 2021, Pyramex Safety introduced the Ridgeline XR7 safety helmet. This is the latest model in the Ridgeline helmet line. The lightweight polycarbonate/acrylonitrile butadiene styrene material used to make the helmet provides increased strength and heat resistance.
- In April 2020, Honeywell has agreed to buy Norcross Safety Products, a leading manufacturer of Personal Protective Equipment (PPE). Norcross will be integrated into Honeywell Life Safety, which is part of Honeywell's Automation and Control Solutions (ACS) group, following the acquisition.
Global Safety Helmets Key Market Trends
- Personal protective equipment (PPE) market growth is significantly influenced by regulations governing workplace safety. Authorities' requirements to uphold worker safety across industries are expected to fuel demand for safety helmets. The type of personal protective equipment necessary for protection during various industrial or commercial processes is mentioned in these regulations.
- The Ministry of Road Transport and Highways (MoRTH) of the Indian Government has announced new regulations that will make the use of a safety harness and crash helmet mandatory for children under the age of four in an effort to increase their general safety while operating a two-wheeler. The Ministry of Road Transport and Highways' initiative boosts consumer demand for safety helmets.
Global Safety Helmets Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Safety Helmets Market Analysis, in terms of product, the market share that belongs to hard hats is the largest because of increased demand for type I hard hats in mining, manufacturing, and construction industries in various economies including Europe and North America, led the market and accounted for more than 86.2% of global revenue share in 2021. In terms of material, The Polyethylene (PE) category held the most market share. Because PE is a cheap material, PE helmets are more affordable than helmets made of other materials.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.9 billion |
| Market size value in 2031 | USD 7.5 billion |
| Growth Rate | 7.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Safety Helmets Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Safety Helmets Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Safety Helmets Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Safety Helmets Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Safety Helmets Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Safety Helmets Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Safety Helmets Market Report Snapshots
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