Industrial Head Protection Market Size

Industrial Head Protection Market Size

Industrial Head Protection Market was worth more than USD 3 billion in 2022 and is expected to record a 4.5% CAGR over the forecast years 2023-2032. Global personal protective equipment (PPE) market is expected to surpass USD 110 billion by 2032 due to growing safety and security compliances at the workplace.

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Rapid industrialization and rising incidences of fatal workplace injuries, particularly in developed countries will impact the market outlook. Workplace security and employee safety are crucial aspects of industrial operations. According to the Bureau of Labor Statistics, over 4,670 fatal work injuries and 217 deaths caused by workers being hit by falling objects were reported in the U.S. in 2020. Employee injuries are also a key contributor to overall enterprise spending. Even a mild head injury such as a concussion can cost a company more than USD 100,000. While moderate injuries account for expenses up to USD 941,000, severe trauma cases can cost up to USD 3 million.
 

A surge in initiatives and awareness programs regarding workplace safety concerns and potential ways to prevent injuries will complement the industry trends. For instance, in August 2022, the Manitoba government launched a 5-year review of the workplace safety & health act involving 3 regulations to reinforce workplace safety. However, growing concerns associated with raw material costs on account of widespread applications in the construction, agriculture, packaging, and electronics sectors could hamper pricing trends in the industrial head protection industry.