Global Safety Helmet Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

Global Safety Helmet Market Overview:

"The Safety Helmet Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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A safety helmet aims to reduce the risk of serious head and brain injuries by reducing the impact of force or collision to the head. This helmet functions in three ways – it reduces the deceleration of the skull, and hence brain movement, by managing the impact received.

Dynamics:

The ever-increasing instances of head injuries at the workplace, and the rising demand for safety helmets in sectors such as mining, construction and other manufacturing operations are primary factors that are expected to boost revenue growth of the global safety helmets market over the next 10 years.

Robust industrialization in emerging economies and the increasing awareness concerning the importance of employee safety when engaged in various activities such as mining, construction, etc. are other factors that are expected to boost future revenue growth of this global market. Furthermore, the steady expansion of end-use industries such as construction, manufacturing, mining, etc. are slated to have a significant impact on the revenue growth trajectory of the global safety helmets market in the foreseeable future.

Segmentation of the global safety helmet market is as follows:

In terms of material, the polyethylene segment accounted for the majority revenue share of the global safety helmet market in 2019, and is expected to continue to do so over the next decade. This can be attributed to the inexpensiveness of polyethylene when compared to other materials used for the production of safety helmets.

However, the Acrylonitrile Butadiene Styrene (ABS) segment is anticipated to register the highest rate of revenue growth over the forecast period, due to the superior characteristics such as high durability and thermal stability. The polycarbonate segment is also slated to index considerable revenue growth over the next 10 years.

On the basis of product, the hard hats segment accounted for the majority revenue shares of this global market, owing to the increasing demand for these products from end-use industries such as construction, mining and manufacturing industries. The bump caps segment is also expected to index considerable growth over the forecast period.

With respect to end-use, the construction segment accounted for the highest number of revenue shares of this global market in 2019. The mining segment is also expected to register considerable revenue growth over the next 10 years due to increasing activities in this respective industry.

Regional Segmentation and Analysis:

North America accounted for the majority revenue share of the global safety helmet market in 2019, and is expected to index considerable revenue growth over the next decade. However, markets in the APAC region are expected to register the highest rate of revenue growth over the next 10 years due to the increasing awareness concerning employee safety, as well as the exponential growth of end-use industries such as mining, construction, etc. in this region.

Segmentation of the Global Safety Helmet Market:

Segmentation by Material:

• Polyethylene
• Acrylonitrile Butadiene Styrene
• Polycarbonate

Segmentation by Product:

• Hard Hats

• Type I
• Type II

• Bump Caps

• Hard Bump Caps
• Soft Bump Caps

Segmentation by End-Use:

• Construction
• Manufacturing
• Mining
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa