Industrial Head Protection Market worth over $3.4 bn by 2024
Published Date: July 24, 2017 Authors: Kunal Ahuja, Kritika Mamtani
Industrial Head Protection Market size is set to exceed USD 3.4 billion by 2024; according to a new research report by Global Market Insights, Inc.
Growing importance of workplace safety mainly in construction, mining, and chemical sectors should drive industrial head protection market size. Industrial safety helmet is widely used to protect from workplace hazards such as electric shocks, falling debris and falls. Rising number of occupational fatalities may have positive impact on industry growth.
Supporting regulatory guidelines by OSHA pertaining to mandatory use of safety equipment in the areas subjected to accidents, thereby promoting industrial head protection demand. Construction manufacturers are initiating various head protection programs to create awareness among workers due to stringent safety and security compliances at workplace.
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Safety helmets & hard hats market size should exceed 350 million units by 2024. It has wide application scope in mining, oil refineries, and construction industries. These sectors are prone to high risk from falling heavy objects, collision, moving objects and falls resulting in high chances of head injuries owing to nature of such working environment thereby driving industrial head protection market growth.
Polycarbonate, polypropylene, HDPE, ABS, and polystyrene are key raw materials used for manufacturing process. Cost concerns regarding these raw materials owing to extensive usage in various end-use industries such as electronics, packaging and agriculture may hinder industry profitability and impact industrial head protection market price trend.
Browse key industry insights spread across 230 pages with 230 market data tables & 20 figures & charts from the report, “Industrial Head Protection Market Size By Material (ABS, HDPE, Polycarbonate, FRP, Polystyrene, Polypropylene), By Product (Safety Helmets & Hard Hats, Bump Caps), By Application (Construction, Oil & Gas, Mining, Food, Chemicals, Pharmaceutical, Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Australia, Thailand, Malaysia, Brazil, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
U.S. safety helmet market size may witness significant gains at over 3.5%. Increasing workplace mortality rate along with presence of substantial number of manufacturers in this region should promote product demand. Companies have initiated head protection programs to prevent deaths and injuries. Strict standards and compliances by OSHA regarding occupational environment safety is enforcing employees to provide protective equipment in the region.
Safety helmet market size from construction application may witness strong gains over the foreseeable timeframe. This sector being highly labor intensive and report maximum fatality rate from head injuries due to falls, electrocutions, caught in or between, and struck by objects requires effective safety measures thereby having positive impact on industry growth. As per OSHA, over 21% of the fatalities occur in construction sector which has led to rise in strict government regulations to lessen or reduce death numbers.
Europe industrial head protection market size should surpass USD 800 million by 2024. Favorable regulations by EU commission pertaining to safety helmets requirements and purpose across manufacturing industries should drive regional growth. Strong R&D spending along with new product launch by various companies may fuel product demand.
High density polyethylene (HDPE) based industrial head protection market size may witness steady gains up to 4%. It offers high tensile strengthen over other thermoplastic polymers along with easy molding in attractive and practical designs. Positive application outlook in agriculture, chemical, mining, sand blasting oil refineries, welding and sand blasting owing to high tensile strength may fuel industry growth.
Safety helmets market size from oil & gas application expects volume consumption to exceed 70 million units by 2024. Industrial workers safety standards have made it mandatory to wear flame resistant head protection to protect on-site workers from accidental hazards occurring mainly from oil spills. Companies also provide safety equipment in on – site stores to ensure complete protection as per industry standards which is likely to boost product demand.
Global industrial safety helmet market share is competitive and fragmented. MSA Safety, Honeywell International, DuPont, Gateway Safety, Mallcom, Radians, UVEX Safety and 3M are prominent players operating in market. Companies are engaged in manufacturing ecofriendly and customized products to gain competitive advantage, thereby promoting industry growth.
Industrial head protection market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Units and revenue in USD from 2013 to 2024, for the following segments:
Industrial Head Protection Market By Material
Industrial Head Protection Market By Product
- Safety helmet & hard hats
- Bump caps
Industrial Head Protection Market By Application
- Oil & gas
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa