Safety Helmet Market Size Worth $2.7 Billion By 2027 | CAGR: 5.0%: Grand View Research, Inc.

SAN FRANCISCO, Aug. 6, 2020 -- The global safety helmet market size is expected to reach USD 2.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0% over the forecast period. Rising awareness among employees pertaining to the advantages of using safety helmets to avoid occupational hazards is expected to drive the market.

Key suggestions from the report:

The demand for PE head protection is anticipated to witness a CAGR of 5.0% from 2020 to 2027, on account of the superior tensile strength offered by the material to the product that is exposed to various workplace accidents
In North America, the market was valued at USD 617.5 million in 2019 on account of the increasing number of large-scale infrastructure investment projects in the U.S. coupled with growing employee awareness regarding personal protection
The demand for type II hard hats is estimated to witness a growth of 5.4% in terms of revenue over the forecast period owing to the enhanced head protection offered to the workers operating in challenging environments
The adoption of safety helmets in the construction industry is estimated to witness a CAGR of 5.2% from 2020 to 2027 owing to the propelling construction activities and infrastructural developments in Central and South America and Asia Pacific
The key manufacturers in the market are engaged in partnering with other market players to gain a competitive advantage by catering to a larger customer base in various emerging economies.

Read 100 page research report with ToC on "Safety Helmet Market Size, Share & Trends Analysis Report By Material (ABS, PE, PC), By End Use (Construction, Manufacturing, Mining), By Product (Hard Hats, Bump Caps), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/safety-helmet-market

Introduction of stringent safety norms mandating the use of various Personal Protective Equipment (PPE) such as safety helmets, protective footwear, respirators, and gloves are expected to propel market growth. Furthermore, surging incidences of head injuries at workplaces is anticipated to augment product penetration across the end-use industries.

Changing consumer preference for the helmets that combines fashion and protection is likely to propel market growth in the European economies such as Germany, France, and the U.K. Furthermore, technological advancements in terms of additional product attributes such as a built-in torch, face shields, and ear protection are anticipated to augment market growth.

Increasing demand for different types of PPE in various application industries including manufacturing, construction, and mining is projected to positively impact the market over the coming years. Augmenting demand for industrial safety helmets coupled with technological advancement is anticipated to provide ample opportunities for the market.

Grand View Research has segmented the global safety helmets market on the basis of material, product, end-use, and region:

Safety Helmets Material Outlook (Revenue, USD Million, 2016 - 2027)

Polyethylene
Acrylonitrile Butadiene Styrene
Polycarbonate

Safety Helmets Product Outlook (Revenue, USD Million, 2016 - 2027)

Hard Hats

Type I
Type II

Bump Caps

Hard Bump Caps
Soft Bump Caps

Safety Helmets End-use Outlook (Revenue, USD Million, 2016 - 2027)

Construction
Manufacturing
Mining
Others

Safety Helmets Regional Outlook (Revenue, USD Million, 2016 - 2027)

North America

The U.S
Canada
Mexico

Europe

Germany
The U.K
France
Italy
Spain

Asia Pacific

Japan
China
India
Australia

Central & South America

Brazil
Argentina

Middle East & Africa

Saudi Arabia
South Africa

List of Key Players in Safety Helmet Market

Delta Plus Group
Bullard
Honeywell International Inc.
3M
MSA
JSP
Polison 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.

Find more research reports on HVAC & Construction Industry, by Grand View Research:

Smart Helmet Market – The global smart helmet market size was valued at USD 372.4 million in 2018 and is expected to expand at a CAGR of 18.6% from 2019 to 2025.
Safety Eyewear Market – The global safety eyewear market size was valued at USD 2.3 billion in 2018. Rising demand for eye protection equipment to prevent injuries from harmful radiations or flying objects is drive the market.
Industrial Protective Footwear Market – The global industrial protective footwear market size was estimated at USD 8.02 billion in 2015 and is expected to register a CAGR of 6.9% over the forecast period.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter

SOURCE Grand View Research, Inc.