Selbyville, Delaware, Global Safety Helmet Market size to reach USD 2.66 billion by 2027 and is valued approximately at USD 1.89 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2021-2027.
A well-built safety helmet is necessary for the personnel working in the field such as construction, heavy manufacturing, oil and other field to shield them from head injury. Stringent government norms for the worker’s safety at work, growing construction, manufacturing and mining sector and increasing incidents of injuries in various industries are fueling the demand for safety helmets worldwide.
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For instance, according to Statista construction sector in India witnessed growth rate of 5.62% between 2015 and 2020 as compared to 2.95% between 2010 and 2015. Also, according to industrial-union.org, 268 workers were killed and 748 workers suffered serious injuries in India’s mines between 2016 to 2019. Additionally, according to India Brand Equity Foundation (IBEF), under Make in India, government of India is planning to make India a manufacturing hub and aims to create 100 million new jobs in the manufacturing sector by 2022. Also, according to India Standard for Specifications for Industrial Safety Helmets, helmets required for use in underground mines shall have no metal parts made from aluminum or magnesium or their alloys. Furthermore, technological advancement in safety helmets and introduction of multi-utility helmets are expected to fuel the demand in coming years. However, high cost of industrial helmets and stringent regulation regarding manufacturing and labelling of safety helmets may hamper the growth during forecast period.
Major market player included in this report are:
- Delta Plus Group
- Honeywell International Inc.
- Polison Corporation
- Uvex Group
- Centurion Safety Products Ltd.
- Schuberth GmbH
- Concord Helmet & Safety Products Pvt. Ltd.
- OccuNomix International LLC
- Voss-Helme GmbH & Co. KG
Key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of safety helmet market. Asia Pacific is the dominating the world in terms of market share owing to large industrial base and presence of major oil and gas production sites in countries such as India and China. Whereas North America is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, owing to rising demand for high-utility and effective safety helmets from construction and metal manufacturing industries.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Acrylonitrile Butadiene Styrene
- Hard Hats
- Bump Hats
Global Safety Helmet Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Safety Helmet market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027.
Some of the major questions addressed in the report are:
- What are the crucial factors driving the market?
- What shall be the expected growth acceleration and rate of the market during the forecasted timeframe?
- What was the market size value of the Safety Helmet in 2020?
- What shall be the Safety Helmet Market size by 2027?
- Which region shall account for the largest market share of the Safety Helmet Industry?
- What are the market threats and opportunities considered by the vendors in the Safety Helmet Market?
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