Press release
Safety Helmets Market Receive a Fillip Owing to Burgeoning Demand During the Forecast Period 2031
The safety helmets market size is projected to reach US$ 6,566.58 million by 2031 from US$ 4,380.54 million in 2023. The market is expected to register a CAGR of 5.2% during 2023-2031. As technological advancements help enhance safety and improve productivity, smart safety helmets will continue to remain key trends in a host of industries.Growing urbanization and rising population promote the construction industry growth, which subsequently delivers a positive impact on the safety helmet market. The increasing advancements in the oil & gas sector for fueling oil production and mining excavations and the rising number of wind farms for power generation also drive the safety helmet market expansion.
The List of Companies - Safety Helmets Market
3M Co.
Centurion Safety Products Ltd.
Concord Helmet & Safety Product Private Limited
Polison Corporation
Honeywell International Inc.
JSP Limited
Pyramex
Schuberth
VOSS-HELME GmbH & Co. KG
Uvex Arbeitsschutz GmbH
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NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
As cities develop, the construction of high-rise buildings and large-scale projects demands safety measures for safe and efficient construction. Unique projects with challenging architectural designs or specific requirements require custom-designed safety measures. For instance, in March 2023, the Canadian Kelowna City Council stated authorization for funding US$ 90 million for the expansion project of the Kelowna Airport terminal. Also, in 2022, the Government of India started its projects to build 220 airports by the end of 2025. The growing infrastructure development and real estate progress, including commercial, residential, and mixed-use projects, drive the demand for safety tools, including helmets, during construction and maintenance activities.
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Safety Helmets Market Share Analysis by Geography
Asia Pacific dominated the safety helmets market in 2023; it will continue to dominate the market during the forecast period due to factors such as growing developments in the construction sector, rising government focus on infrastructure development, increasing demand for renovation and repair work, and rapid urbanization. China, India, and Japan hold prominent positions in the safety helmet market in Asia Pacific.
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