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Safety Helmets Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030 | 3M, Bullard, Delta Plus Group

02-09-2024 09:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Safety Helmets Market is Likely to Increase at a Significantly

The global safety helmets market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The growing industrialization, infrastructure and manufacturing in emerging economies is boosting the global safety helmets market during the forecast period. Industrial development is of critical importance for sustained and general economic growth in developing countries. According to UN Industrial Development Organization data 2021, manufacturing production in developing and emerging industrial economies except China, registered an annual increase of 4.3% in the same quarter, following a growth rate of 7% in the third and of nearly 30% in the second quarter of 2021. Industrialized economies (IE) reported a growth rate of 3.2% in a year-over-year comparison, while China's output rose by 3.1%. Industrialization generates employment, by introducing new equipment and new techniques. Industrialization, with strong linkages to domestic economies, can help developing countries achieve high growth rates, diversify their economies.

According to Asian Development Bank (ADB) August 2022 data , it has approved additional grant financing of $38 million for a project restoring and expanding climate-resilient water supply and sanitation infrastructure in Dushanbe, Tajikistan. The additional financing will expand water supply and sanitation investments in the Shohmansur District, including restoration of additional wells, transmission and distribution networks, pumping stations, installation of smart meters, and rehabilitation and construction of collector sewer and sewerage networks, these construction works will create demand for safety helmets.

Further, according to UNCTAD data 2022, foreign direct investment (FDI) to African countries increased to $83 billion in 2021. New investments in the country included a $4.6 billion clean energy project finance deal sponsored by UK-based Hive Energy and a $1 billion Greenfield project by US-based Vantage Data Centers to build its first African campus, investment in Mozambique grew by 68% to $5.1 billion. The country saw improvement in Greenfield projects, including UK-based Globeleq Generation's plan to build power plants of cost $2 billion. Nigeria got FDI inflow double to $4.8 billion, mainly because of renewal in investments in the oil and gas sectors also, International project finance deals in the country increased to $7 billion which included the $2.9 billion Escravos Seaport project to construct an industrial complex. FDI to the Democratic Republic of the Congo increased by 14% to $1.9 billion, with investment trends remaining positive primarily because of flows to offshore oil fields and mining. Hence, this investment is increasing industrialization, and infrastructure which is further boosting the demand for safety helmets.

To Request a Sample of our Report on Safety Helmets Market: https://www.omrglobal.com/request-sample/safety-helmets-market

Market Coverage

• The market number available for - 2023-2030

• Base year- 2023

• Forecast period- 2024-2030

Segment Covered-

• By Material

• By Product

• By End-User

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- including 3M, Bullard, Delta Plus Group, Honeywell International Inc., MSA and others.

Safety Helmets Market Report Segment

By Material

• Polyethylene (PE)

• Acrylonitrile Butadiene Styrene (ABS)

• Polycarbonate (PC)

By Product

• Hard Hats

• Bump Caps

By End-User

• Construction

• Manufacturing

• Mining

• Others

A full Report of Safety Helmets Market is Available @ https://www.omrglobal.com/industry-reports/safety-helmets-market

Safety Helmets Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Alpha Solway Ltd.

· Concord Helmet & Safety Products Pvt. Ltd.

· Drägerwerk AG & Co. KGaA

· JSP Corp.

· KARAM Safety Pvt. Ltd.

· Metro Safety India Pvt. Ltd.

· NAFFCO FZCO

· OccuNomix International LLC

· Polison Corp.

· Pyramex Safety Products, LLC

· Qingdao Meikang Fireproof Technology Co., Ltd.

· Scott Safety

· SURE SAFETY (INDIA) LTD.

· uvex group

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/safety-helmets-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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