Europe Safety Helmets Market Analysis and Forecast by Size, Share, Growth, Trends 2031
Europe Safety Helmets Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Polyethylene, Acrylonitrile Butadiene Styrene, Polycarbonate, and Others) and Industry (Construction, Manufacturing, Mining, and Others)
- Status : Published
- Report Code : TIPRE00041313
- Category : Manufacturing and Construction
- No. of Pages : 119
- Available Report Formats :
The Europe safety helmets market size is expected to reach US$ 1,690.55 million by 2031 from US$ 1,146.64 million in 2023. The market is estimated to record a CAGR of 5.0% from 2023 to 2031.
Executive Summary and Europe Safety Helmets Market Analysis:Europe is the prominent market for safety helmets owing to the infrastructure development in the construction, oil & gas, manufacturing, and petrochemical industries. The increasing focus on occupational safety is increasing the application of safety helmets on construction sites. The UK, Germany, France, Russia, and Italy are a few of the noteworthy markets for safety helmets in the region. Residential construction activities in these countries have experienced slow growth due to high interest rates and low disposable income. However, the commercial and industrial sectors have demonstrated an optimistic outlook due to growing government interference. The oil & gas industry has also changed the overall energy scenario as the countries are focused on reducing dependency on Russia and emphasizing domestic production of renewable energy. The growing infrastructure development of oil refineries, power plants, and gas stations in the oil & gas industry is driving the safety helmet market in Europe.
The rising focus on the mineral exploration sector acts as a driver for safety helmet demand. In 2023, Altamin, a European metals producer, put up applications for new exploration licenses at the Villar Graphite Project and Lazio Lithium Project situated in the Piedmont and Lazio of Italy. Thus, the growing advancements in mineral exploration activities are anticipated to propel the growth of the safety helmet market in Europe.
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Europe Safety Helmets Market: Strategic Insights
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Key segments that contributed to the derivation of the Europe safety helmets market analysis are material and industry.
- Based on material, the Europe safety helmets market is segmented into polyethylene, acrylonitrile butadiene styrene, polycarbonate, and others. The polyethylene segment held the largest share of the market in 2023.
- Based on industry, the Europe safety helmets market is segmented into construction, manufacturing, mining, and others. The construction segment held the largest share of the market in 2023.
The growing instances of occupational accidents are one of the prime factors that hinder the smooth operation of any construction project. The proper workforce management and growing adoption of standard safety measures to prevent workplace mishaps are anticipated to favor the safety helmet market globally. Governments of several nations are focusing highly on workforce safety regulations to avoid accidents. The Occupational Safety and Health Act of 1970 mentioned proper working standards and conditions to ensure workforce safety. The Health and Safety Executive (HSE), The Health and Safety at Work Act 1974, also describes the measures to prevent work-related injury, ill health, and death. Furthermore, numerous other laws, policies, regulations, and guidelines are related to specialized industries and sectors. Thus, the growing government initiatives and the introduction of strict regulations to protect workforce safety measurements are anticipated to offer lucrative opportunities for the safety helmet market during the forecast period.
Europe Safety Helmets Market Country InsightsBased on country, the Europe safety helmets market comprises Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe held the largest share in 2023.
Denmark, Poland, Spain, Romania, and the Netherlands are among the key countries in the Rest of Europe. Growing urbanization, increasing population, and rising development in the construction and industrial sectors boost the safety helmet market in Poland. The commercial and office spaces, along with the railway and transportation sectors, are witnessing positive results owing to growing government intervention. The rising development in the construction sector fuels the demand for safety helmets. The growing focus on occupational safety laws at construction sites also boosts the demand for safety helmets. In June 2023, Total Energies, Denmark's largest gas field, announced the commencement of a multi-well drilling campaign to boost gas production as a part of its efforts to ensure energy security in Denmark and Europe. The mounting development in the oil and gas sector is also having a positive impact on the safety helmet market growth in the Rest of Europe.
Europe Safety Helmets Market Company ProfilesSome of the key players operating in the market include 3M Co; Honeywell International Inc; MSA Safety Inc; Centurion Safety Products Ltd; Concord Helmet & Safety Products Private Limited; JSP Limited; Pyramex Safety Products, LLC; UVEX ARBEITSSCHUTZ GmbH; VOSS-HELME GmbH & Co. KG; and SCHUBERTH, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
Europe Safety Helmets Market Research Methodology :The following methodology has been followed for the collection and analysis of data presented in this report:
Secondary Research
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
- Company websites, annual reports, financial statements, broker analyses, and investor presentations.
- Industry trade journals and other relevant publications.
- Government documents, statistical databases, and market reports.
- News articles, press releases, and webcasts specific to companies operating in the market.
All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Primary Research
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:
- Validate and refine findings from secondary research.
- Enhance the expertise and market understanding of the analysis team.
- Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
- Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
- External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Safety Helmets Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Europe Safety Helmets Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Developments in the Construction Industry
5.1.2 Advancements in Mining and Telecom Sectors
5.2 Market Restraints
5.2.1 Raw Material Price Fluctuations
5.3 Market Opportunities
5.3.1 Increasing Government Focus on Workforce Safety
5.4 Market Trends
5.4.1 Growing Adoption of Advanced Materials
5.4.2 Growing Integration of Digitalization
5.5 Impact of Drivers and Restraints:
6. Safety Helmets Market - Europe Analysis
6.1 Europe Safety Helmets Market Revenue (US$ Million), 2021-2031
6.2 Europe Safety Helmets Market Forecast Analysis
7. Europe Safety Helmets Market Analysis - by Material
7.1 Polyethylene
7.1.1 Overview
7.1.2 Polyethylene: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Acrylonitrile Butadiene Styrene
7.2.1 Overview
7.2.2 Acrylonitrile Butadiene Styrene: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Polycarbonate
7.3.1 Overview
7.3.2 Polycarbonate: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
8. Europe Safety Helmets Market Analysis - by Industry
8.1 Construction
8.1.1 Overview
8.1.2 Construction: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Manufacturing
8.2.1 Overview
8.2.2 Manufacturing: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Mining
8.3.1 Overview
8.3.2 Mining: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
9. Europe Safety Helmets Market - Country Analysis
9.1 Europe
9.1.1 Europe Safety Helmets Market Overview
9.1.2 Europe Safety Helmets Market - Revenue and Forecast Analysis - by Country
9.1.2.1 Europe Safety Helmets Market - Revenue and Forecast Analysis - by Country
9.1.2.2 Germany: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.1.2.2.1 Germany: Europe Safety Helmets Market Share - by Material
9.1.2.2.2 Germany: Europe Safety Helmets Market Share - by Industry
9.1.2.3 France: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.1.2.3.1 France: Europe Safety Helmets Market Share - by Material
9.1.2.3.2 France: Europe Safety Helmets Market Share - by Industry
9.1.2.4 Italy: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.1.2.4.1 Italy: Europe Safety Helmets Market Share - by Material
9.1.2.4.2 Italy: Europe Safety Helmets Market Share - by Industry
9.1.2.5 United Kingdom: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.1.2.5.1 United Kingdom: Europe Safety Helmets Market Share - by Material
9.1.2.5.2 United Kingdom: Europe Safety Helmets Market Share - by Industry
9.1.2.6 Russia: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.1.2.6.1 Russia: Europe Safety Helmets Market Share - by Material
9.1.2.6.2 Russia: Europe Safety Helmets Market Share - by Industry
9.1.2.7 Rest of Europe: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.1.2.7.1 Rest of Europe: Europe Safety Helmets Market Share - by Material
9.1.2.7.2 Rest of Europe: Europe Safety Helmets Market Share - by Industry
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 3M Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Honeywell International Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 MSA Safety Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Centurion Safety Products Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 1Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Concord Helmet & Safety Products Private Limited
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 JSP Limited
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Pyramex Safety Products, LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 UVEX ARBEITSSCHUTZ GmbH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 VOSS-HELME GmbH & Co. KG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 SCHUBERTH
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Europe Safety Helmets Market Segmentation
Table 2. Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
Table 3. Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Material
Table 4. Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Industry
Table 5. Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million) - by Country
Table 6. Germany: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Material
Table 7. Germany: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Industry
Table 8. France: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Material
Table 9. France: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Industry
Table 10. Italy: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Material
Table 11. Italy: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Industry
Table 12. United Kingdom: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Material
Table 13. United Kingdom: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Industry
Table 14. Russia: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Material
Table 15. Russia: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Industry
Table 16. Rest of Europe: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Material
Table 17. Rest of Europe: Europe Safety Helmets Market - Revenue and Forecast, 2021 - 2031(US$ Million) - by Industry
Table 18. Heat Map Analysis by Key Players
List of Figures
Figure 1. Europe Safety Helmets Market Segmentation - Country
Figure 2. Europe Safety Helmets Market - Key Market Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Europe Safety Helmets Market Revenue (US$ Million), 2021-2031
Figure 5. Europe Safety Helmets Market Share (%) - by Material (2023 and 2031)
Figure 6. Polyethylene: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 7. Acrylonitrile Butadiene Styrene: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 8. Polycarbonate: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 9. Others: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 10. Europe Safety Helmets Market Share (%) - by Industry (2023 and 2031)
Figure 11. Construction: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 12. Manufacturing: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 13. Mining: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 14. Others: Europe Safety Helmets Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 15. Europe Safety Helmets Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 16. Germany: Europe Safety Helmets Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 17. France: Europe Safety Helmets Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 18. Italy: Europe Safety Helmets Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 19. United Kingdom: Europe Safety Helmets Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 20. Russia: Europe Safety Helmets Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 21. Rest of Europe: Europe Safety Helmets Market - Revenue and Forecast, 2021- 2031 (US$ Million)
Figure 22. Company Positioning & Concentration
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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