Press release
Safety Helmets & Hard Hats Market to Cross 350 million units by 2024
Supporting regulatory guidelines by OSHA pertaining to mandatory use of safety equipment in the areas subjected to accidents, thereby promoting industrial head protection demand. Construction manufacturers are initiating various head protection programs to create awareness among workers due to stringent safety and security compliances at workplace.
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Safety helmets & hard hats market size should exceed 350 million units by 2024. It has wide application scope in mining, oil refineries, and construction industries. These sectors are prone to high risk from falling heavy objects, collision, moving objects and falls resulting in high chances of head injuries owing to nature of such working environment thereby driving industrial head protection market growth.
Polycarbonate, polypropylene, HDPE, ABS, and polystyrene are key raw materials used for manufacturing process. Cost concerns regarding these raw materials owing to extensive usage in various end-use industries such as electronics, packaging and agriculture may hinder industry profitability and impact industrial head protection market price trend.
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U.S. safety helmet market size may witness significant gains at over 3.5%. Increasing workplace mortality rate along with presence of substantial number of manufacturers in this region should promote product demand. Companies have initiated head protection programs to prevent deaths and injuries. Strict standards and compliances by OSHA regarding occupational environment safety is enforcing employees to provide protective equipment in the region.
Safety helmet market size from construction application may witness strong gains over the foreseeable timeframe. This sector being highly labor intensive and report maximum fatality rate from head injuries due to falls, electrocutions, caught in or between, and struck by objects requires effective safety measures thereby having positive impact on industry growth. As per OSHA, over 21% of the fatalities occur in construction sector which has led to rise in strict government regulations to lessen or reduce death numbers.
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Safety helmets market size from oil & gas application expects volume consumption to exceed 70 million units by 2024. Industrial workers safety standards have made it mandatory to wear flame resistant head protection to protect on-site workers from accidental hazards occurring mainly from oil spills. Companies also provide safety equipment in on – site stores to ensure complete protection as per industry standards which is likely to boost product demand.
Global industrial safety helmet market share is competitive and fragmented. MSA Safety, Honeywell International, DuPont, Gateway Safety, Mallcom, Radians, UVEX Safety and 3M are prominent players operating in market. Companies are engaged in manufacturing ecofriendly and customized products to gain competitive advantage, thereby promoting industry growth.
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