Industrial Head Protection Market to cross $3.3 Bn in sales by 2024 from Safety helmets & hard hats
Pertaining to the surging importance for worker safety, various regulatory bodies have been enforcing various standards that manufacturers would need to abide by, which would eventually help to legalize the use of safety equipment in order to provide a safe working environment across various industrial sectors. The deployment of regulatory norms will enhance the use of head protection equipment, which will favorably boost industrial head protection industry share in the ensuing years. From estimates, in 2016, industrial head protection market held a revenue of USD 2.3 billion.
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With an aim to enhance the endurance and strength of safety equipment, various regulatory organizations across the globe have been undertaking strategic initiatives on a considerably large scale. For instance, the International Safety Equipment Association (ISEA) and American National Standard for Industrial Head Protection (ANSI) have deployed industry standards for testing the requirement and performance improvement of industrial helmets – rather, hard hats.
As per research, the construction, mining, and oil sectors have been giving a huge preference to hard hats and safety helmets, pertaining to the risky work environment, which would undeniably fuel the demand for these equipment. In fact, estimates claim safety helmets and hard hats to cross a valuation of more than 350 million units by the end of 2024. The surging demand for specific safety equipment is thus likely to impel the overall industrial head protection industry size over the years ahead.
The emergence of technological advancements such as IoT, has also impacted positively on the development of personal protective equipment (PPE). The development of sensors and smart wearables has positively impacted the entire industrial domain, pertaining to the capability of technologically advanced PPE to improve workplace efficiency, worker productivity, and has invariably led to a massive reduction in the number of worker injuries.
Browse Complete Summary Of This Report Titled "Industrial Head Protection Market Size By Material (ABS, HDPE, Polycarbonate, FRP, Polystyrene, Polypropylene), By Product (Safety Helmets & Hard Hats, Bump Caps), By Application (Construction, Oil & Gas, Mining, Food, Chemicals, Pharmaceutical, Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Australia, Thailand, Malaysia, Brazil, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024"
Since the last half a decade, the adoption rate of smart and innovative products across various industrial sectors has increased substantially, owing to the cost-effectiveness and high brand value of the equipment. This has indeed propelled renowned players in industrial head protection industry such as Mine Safety Appliances, 3M Company, Radians safety, Honeywell International, UVEX Safety, Dupont, Gateway Safety, and Mallcom to make rapid inroads in the development of technologically innovative products.
In a bid to fulfill the changing demands of consumers, major participants in industrial head protection market are increasingly focusing on the development of new product ranges. The deployment of smart PPE is likely to revolutionize the business value of industrial head protection industry over the years ahead. Global Market Insights, Inc., in fact, claims industrial head protection market to surpass a revenue collection of USD 3.4 billion by the end of 2024.
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