Industry Insights
The global safety helmets market size was estimated to be USD 2.1 billion in 2016 and is expected to grow over the forecast period driven primarily by the growth of the construction, mining, and manufacturing sectors. Increasing incidences of occupational head injuries are expected to drive market growth over the forecast period.
Global safety helmet market revenue, by application, 2014-2025 (USD Million)
Increasing awareness of workers’ safety in developing nations such as India and China is expected to fuel the growth of the global market. Manufacturers have been concentrating on modifying existing products and designing accessories to increase the usability of safety helmets in a variety of environmental conditions. Rising industrialization in developing countries is expected to fuel the market over the forecast period.
The introduction of stringent norms by regulatory bodies such as Occupational Safety and Health Administration (OSHA) makes the use of safety helmets mandatory in work premises. According to the Australian Standard AS1319, it is required to signpost the use of safety helmets in areas where risk is prevalent.
Thermal discomfort is a significant threat to the global safety helmet industry. The materials used in manufacturing these helmets become brittle and lose strength when continuously exposed to higher temperatures. This factor is expected to restrain the market over the forecast period.
Segmentation by Type
• PE
• ABS
• PC
PE helmets dominated the global market both in value as well as volume in 2016. However, the segment is expected to lose its market share to other segments including ABS and PC, although they are priced higher than PE.
ABS helmets are expected to exhibit the fastest growth at a CAGR of 5.1% over the forecast year. Despite its high price, these helmets are anticipated to gain popularity on account of their high durability and thermal stability, resulting in low replacement cost. These helmets are used extensively in the mining and construction industries.
Segmentation by Specification
• Hard Hats
• Type I
• Type II
• Bump Caps
• Hard
• Soft
Hard hats were widely used in 2016 and are growing at a CAGR of 5% for the forecast period. These helmets are manufactured from durable PE or ABS material. They provide not only lateral protection but also have dielectric properties which are critical parameters expected to add to its demand growth in the future.
Bump caps are classified as hard & soft and are mostly used to reduce impact due to minor bumps, especially in locations where hard hats are not required. In 2016, it accounted for 7% of the overall volume share. These caps are typically not considered for critical industrial applications such as construction and mining.
Segmentation by region
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Japan
• India
• Central & South America
• Middle East
• Africa
North America dominated the global safety helmet industry accounting 33.3% of the global market revenue share in 2016. The trend is expected to continue over the projected period on account of an increasing focus on reducing occupational hazards in countries such as the U.S. The market for polyethylene helmets is projected to dominate the market owing to its higher consumer acceptance worldwide.
Asia Pacific is expected to grow at the highest CAGR of 5.5% over the forecast period due to increasing demand of safety helmets in construction, manufacturing, and mining industries in the region. Growth in the manufacturing industry of China and India is expected to drive the regional market over the projected period.
Competitive landscape
The global safety helmets market is marked by the presence of multiple active vendors, including companies such as 3M, Honeywell, MSA, Delta plus, which have a significant share in the global industry. Increasing awareness of workers’ welfare is expected to drive the market over the forecast period. Developing nations such as India, China are expected to show growth opportunity owing to increasing infrastructural development, manufacturing, and mining activities.
