Industrial Head Protection Market to register an appreciable growth rate through 2024
A growing number of construction projects will favorably leverage the growth map of industrial head protection industry across China, which is contemplated to make lucrative contributions of over USD 300 million towards APAC industrial head protection industry by 2024.
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Today, construction companies have designed a new kind of safety helmet to offer protection to the workers who have sustained fatal head injuries. The OSHA (Occupational Safety and Health Administration) has passed legislations that mandate the use of protective helmets for the workers at locations where there is a possibility of sustaining head injuries due to electric shock impact, burns, and falling or flying objects. Global Market Insights, Inc., states that industrial head protection industry, which generated a revenue of more than USD 2.3 billion in 2016, is slated to hit a revenue of more than USD 3.4 billion by 2024.
Low costs and rise in worker efficiency along with declining incidences of worker injury will boost the demand for sensors and smart wearables across the industrial head protection market. Personal protective equipment manufacturers are devising new methods to augment the health quality and safety of workers. For instance, Scott Safety, a U.S based manufacturer of PPE and respiratory equipment, has created firefighting equipment such as PPE wearable devices as well as sensor-embedded solutions. Multinational firm Honeywell International incorporation is producing smart helmets for the factory workers to improve their safety as well as efficiency. The aforementioned factors are expected to create bright growth prospects for industrial head protection industry.
Even firms which are not involved in the business of producing personal protection equipment have made heavy investments in the production of smart helmets to explore the growth opportunities across industrial head protection market. For instance, a U.S. based augmented reality firm Daqri has designed wearable devices referred to as ‘smart helmets’, for industrial employees.
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Many of the business players have realized the significant usage of smart sensors and connected devices across the personal protective equipment sector. For instance, in the U.S., many PPE manufacturers are using the data collected from smart sensors to enhance their operational efficiency and productivity. Smart PPE can detect danger signals which can result in a fatal accident or a head injury, which is expected to boost the industrial head protection market revenue over the years ahead.
U.S. safety helmet sector, which will record a CAGR of more than 3.5% over 2017-2024, will heavily influence the business space over the coming years. Strict compliance standards set by OSHA regarding worker safety will impact the product trends across the region.
Strict legislations enforcing the use of safety helmets across the manufacturing sector are speculated to impel the business expansion across Germany, in turn contributing majorly towards Europe industrial head protection industry share over the coming timeframe.
Major Key players involved in industrial head protection market are:
The 3M Company
Texas American Safety Company
Gateway Safety Incorporation.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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