According to a new report Global Safety Helmet Market, published by KBV research, The Global Safety Helmet Market size is expected to reach $2.6 billion by 2026, rising at a market growth of 7.7% CAGR during the forecast period.
Polyethylene (PE) helmet dominated the market in 2019. The PE helmets are sensibly priced contrasted with the helmets manufactured from different materials attributable to the cheapness of PE. This is foreseen to bring about the continued dominance of the segment over the forecast period. ABS helmets are projected to observe the highest CAGR from 2020 to 2026 because of components, for example, high thermal stability and durability which cause low expenses of product replacement.
Hard hats dominated the market and represented the highest share of global revenue in 2019, due to the expanded demand for type I hard hats in mining, manufacturing, and construction businesses in numerous economies including Europe and North America.
The segment of construction dominated the market in 2019. The development is ascribed to expanding demand for better public infrastructure, for example, roadways, harbors, air terminals, and rail transport frameworks, in this way invigorating demand for Safety helmets in the next few years. The industry of mining is projected to observe a major CAGR over the forecast period attributable to the growing demand for natural resources from different end-use industries.
The market is dominated by North America in 2019. Besides, the demand in the region is foreseen to observe moderate development over the forecast period due to the expanding requirement for high-utility and effective safety helmets in major industries including construction and metal manufacturing. Asia Pacific is foreseen to experience a significant CAGR from 2020 to 2026 by virtue of the growing number of extreme occupational head injuries and fatalities in economies, for example, China and India. The developing manufacturing and construction sector in the region are also anticipated to reinforce the demand for safety helmets over the forecast period.
Structural Insights: https://www.kbvresearch.com/safety-helmet-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Honeywell International, Inc., 3M Company, Dragerwerk AG & Co. KGaA, Delta Plus Group, Uvex Group, Centurion Safety Products Ltd., Schuberth GmbH, OccuNomix International LLC, Concord Helmet & Safety Products Pvt. Ltd. and Pyramex Safety Products, LLC.
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