The Safety Helmet Market Size was valued at USD 4.51 Bn in 2023 and is expected to reach USD 8.07 Bn by 2031 and grow at a CAGR of 7.53 % over the forecast period 2024-2031.
Safety has forever involved worry in modern exercises, principally in building destinations. By giving more insurance we can bring down the possibilities of wounds and mishaps at building locales. Along with these lines, the significance of safeguarding the most crucial piece of the human body, the brain. Safety helmets and hard caps go about as the primary line of protection against such sort of head wounds. Safety helmets are one of the most helpful and defensive hardware to wear, safeguarding the mind and head from sway injury.
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Rising requirements for basically in the area including development, assembling, and mining combined with expanding examples of head wounds in working environments is supposed to increment market development over the gauge time frame. The market is expected to show strong development from 2020 to 2028 by the pushing development and foundation area, which thus is probably going to drive the interest in the development of safety helmets. Moreover, rising mindfulness in regards to laborers' well-being in economies including India and China is projected to drive the market. The presence of rigid guidelines in the U.S. concerning worker well-being combined with monstrous punishments for resistance to security principles has flooded the reception of security protective caps in the economy. Furthermore, the safety helmet is probably going to rule the market because of its higher acknowledgment in the welding, mining, substance, and development industry.
The well-being head protector market report means to give an outline of the security cap market with bitty gritty market division by material, end-use industry, and geology. The worldwide belling cap market is supposed to observe high development during the gauge time frame. The report gives key insights available status of the main belling protective cap market players and offers key patterns and open doors in the market.
MARKET DYNAMICS:
KEY DRIVERS:
The steadily expanding examples of head wounds at work.
The rising interest for safety helmets in areas, such for example, mining, development, and other assembling activities.
RESTRAINTS:
The consistent extension of end-use businesses like development, production, mining, and so on are scheduled to altogether affect the income development.
Not enough awareness regarding employee safety in many regions.
OPPORTUNITIES:
Makers are occupied with zeroing in on the change of the current items and fostering extra accomplices to improve the ease of use.
The accessibility of a wide scope of belling caps with broadened plans and details is projected to reinforce market development.
CHALLENGES:
Inferable from the openness to bright light and daylight.
The plastic utilized may be fragile and therefore the cap may not give satisfactory insurance.
Rigid guidelines in regards to the assembling and naming of security caps.
IMPACT OF COVID-19:
The Corona virus pandemic situation has prompted the closure of different building locales and has affected the deals and income of the Safety helmet market. The dissemination channels have closed down and the homegrown inventory network has been disturbed because of the execution of lockdown and transportation limitations. The worldwide inventory network of the Safety helmet market has been affected because of the commodity and import limitations forced on different nations. A few assembling units were at first closed down to forestall inescapable Ovid infections, which prompted the deficiency of labor and has diminished the necessity of safety helmets also.
MARKET ESTIMATION:
ON THE OF BASIS MATERIAL:
The polyethylene fragment accounted for the largest revenue share of the global safety helmet market in 2021 and is predicted to continue to do so over the next decade. This can be attributed to the unpretentiousness of polyethylene when differentiate with other materials used for the production of safety helmets. However, the Acrylamide Butane Polystyrene (ABS) segment is anticipated to register the highest rate of revenue growth over the forecast period, due to its superior characteristics such as high durability and thermal stability. The polycarbonate fragment is also reviled to index substantial revenue growth over the next decade.
BASED ON PRODUCT:
The Safety helmets represented the greater part income portions of this worldwide market, attributable to the rising interest for these items from end-use businesses like development, mining, and assembling ventures. The knock covers section is additionally expected to file extensive development over the figure time frame.
BASED ON END USE:
The construction sector achieved the largest revenue share of this global market in 2021. The mining sector is also awaited to register remarkable revenue growth over the next decade due to rising activities in this respective industry.
Segmentation by Material:
Polyethylene
Acrylamide Butane Polystyrene
Polycarbonate
Segmentation by Product:
Hard Hats
Bump Caps
Hard Bump Caps
Soft Bump Caps
Segmentation by End-Use:
Construction
Manufacturing
Mining
Others
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REGIONAL ANALYSIS:
North America represented the larger part income portion of the worldwide belling safety helmet market in 2021 and is supposed to record significant income development throughout the following ten years. Nonetheless, markets in the APAC locale are supposed to enlist the most noteworthy pace of income development throughout the following 10 years because of the rising mindfulness concerning representative security, as well as the dramatic development of end-use enterprises like mining, development, and so on around here.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Delta Plus Group Bullard, Honeywell International Inc., MSA JSP Poison Corporation, Drägerwerk AG & Co., KGaA Uvex Group,Centurion Safety Products Ltd.,Schuberth GmbH ,Concord Helmet & Safety Products Pvt. Ltd.,OccuNomix International LLC ,VOSS-HELME GmbH & Co. KG Pyramex ,3M Company, Dragerwerk AG & Co. KGaA ,Pyramex Safety Products, LLC.
Drägerwerk AG & Co-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 4.51 Billion |
| Market Size by 2031 | US$ 8.07 Billion |
| CAGR | CAGR of 5.8% From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Material (Polyethylene, Acrylamide Butane Polystyrene, Polycarbonate) • by Product (Hard Hats, Bump Caps, Hard Bump Caps, Soft Bump Caps) • by End-use (Construction, Manufacturing, Mining Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Delta Plus Group Bullard, Honeywell International Inc., MSA JSP Poison Corporation, Drägerwerk AG & Co., KGaA Uvex Group,Centurion Safety Products Ltd.,Schuberth GmbH ,Concord Helmet & Safety Products Pvt. Ltd.,OccuNomix International LLC ,VOSS-HELME GmbH & Co. KG Pyramex ,3M Company, Dragerwerk AG & Co. KGaA ,Pyramex Safety Products, LLC. |
| Key Drivers | • The steadily expanding examples of head wounds at work. |
| RESTRAINTS | • Not enough awareness regarding employee safety in many regions. |
Ans: - The Safety Helmet Market Size was valued at USD 4.51 Bn in 2023.
Ans: - The rising interest for safety helmets in areas, such for example, mining, development, and other assembling activities.
Ans: - Delta Plus Group Bullard, Honeywell International Inc., MSA JSP Poison Corporation, Drägerwerk AG & Co., KGaA Uvex Group, Centurion Safety Products Ltd., Schuberth GmbH, Concord Helmet & Safety Products Pvt. Ltd., OccuNomix International LLC, VOSS-HELME GmbH & Co. KG Pyramex,3M Company, Dragerwerk AG & Co. KGaA, Pyramex Safety Products, LLC.
Ans: - The APAC locale are supposed to enlist the most noteworthy pace of income development throughout the following 10 years.
Ans: - The study includes a comprehensive analysis of Safety Helmet Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1Drivers
3.2Restraints
3.3Opportunities
3.4Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Safety Helmet Segmentation, by Product
8.1 Hard Hats
8.2 Bump Caps
8.3 Hard Bump Caps
8.4 Soft Bump Caps
9. Safety Helmet Segmentation, by material
9.1 Polyethylene
9.2 Acrylamide Butane Polystyrene
9.3 Polycarbonate
10. Safety Helmet Segmentation, by End-User
10.1 Construction
10.2 Manufacturing
10.3 Mining
10.4 Others
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Honeywell International
12.2 Financial
12.3 Products/ Services Offered
12.4 SWOT Analysis
12.5 The SNS view
12.2 3M Company
12.3 Dragerwerk AG & Co. KGaA
12.4 Delta Plus Group
12.5 Uvex Group,
12.6 Centurion Safety Products Ltd.,
12.7 Schuberth GmbH
12.8 OccuNomix International LLC
12.9 Concord Helmet & Safety Products Pvt. Ltd.
12.10 Pyramex Safety Products, LLC.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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