The safety helmets market is expected to grow from US$ 4.18 billion in 2022 to US$ 7.28 billion by 2030; it is estimated to grow at a CAGR of 7.2% from 2022 to 2030.

Analyst Perspective:                                                                                                                      

The safety helmets market has witnessed massive growth due to several driving factors, including rapid industrialization and growing construction activities. Safety helmet shipments have increased post-pandemic due to rising workplace consumer health awareness. According to the Global Import data from the Trade Map Organization, the safety helmet import shipments reached around 59.3 thousand from more than 6,184 suppliers around the globe.

The safety helmet is mostly manufactured in three major countries, including China, India, and Japan. These three countries are top importers of safety helmets. There are more than 17,869 safety helmets imported to the US from India. Most construction sites use safety helmets made with polyethylene as they are easily available, cheap, and offer better head protection against the shocks of falling objects.

Technology is constantly evolving with adopting human safety equipment in industrial areas. Industries such as mining, oil & gas, construction, and chemical plants require safety helmets to protect from hazardous events. Safety helmets are being mandated per the government rules and regulations for the industrial areas where safety is essential. In industries, boilers areas, chemical plants at furnaces, and other areas of heat exposure require safety helmets to protect human health. Growing industrialization and rising government programs for more efficient, safer, and advanced industry equipment have propelled the global safety helmets market growth. It is important to note that more rudimentary and safer facilities and infrastructure are required to meet the increasing requirements of the individuals. The rising need for safety issues at the industrial level has propelled the global safety helmets market growth. There are different types of transportation and industrial safety rules and regulations for maintaining the safety of individuals. Despite those government rules and regulations, several accidents are happening around the globe. For instance, in September 2023, a Taiwan-based factory caught fire, resulting in explosions at the golf ball factory. Around five people were killed, and more than 100 were injured due to an explosion at the factory. Rising events such as the factory explosion around the globe is propelling the demand for safety equipment such as aprons, helmet, and gloves to protect human beings.

Market Overview:

Safety helmets are used to reduce and prevent head and brain injuries with their shields. The wearer's head is protected from falling items such as objects, road debris, collisions with other objects, electric shocks, and precipitations. Most head injuries are prevented with appropriate head protection. Nearly all construction site job sites must use manual labor conditions and strongly recommend wearing safety. The most basic type of material used for making safety helmets is Acrylonitrile Butadiene (ABS). Safety helmets consist of hard shells that protect against shocks that fit around the head and offer padding between the shell and the wearer's head. It also consists of ventilation vents to allow air ventilation over the skull when working for an extended period in hot weather. The manufacturing industry uses this safety helmet to protect the workers from any damage on the floor. The manufacturing sector represents a significant share in 2022, owing to a surge in investments for plant expansion in various countries around the globe. The manufacturing sector is the primary source for utilizing personal protective equipment such as gloves, helmets, and aprons. Global manufacturing output registered growth of 4.2% in the first quarter of 2022, followed by growth of 3.3%, 17.8%, and 5.8% in the previous three quarters of 2022. The United States, India, and China have shown significant manufacturing sector growth in recent years.

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Safety Helmets Market: Strategic Insights

Market Size Value in	US$ 4.18 billion in 2022
Market Size Value by	US$ 7.28 billion by 2030
Growth rate	CAGR of 7.2% from 2022 to 2030
Forecast Period	2022-2030
Base Year	2022

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Market Driver:

Increased Demand for Safety Equipment with Growing Industrialization to Drive Growth of safety helmets market

Increasing industrialization with the rapid expansion of the manufacturing sector is important in driving demand for safety helmet products around the globe. Manufacturing is essential for the economy's growth, representing more than 17% of the globe’s gross domestic product. With the increasing manufacturing sector, the demand for safety helmets is boosting to provide safety for the people working in the hazardous environment.  The manufacturing sector employs more than 13% of workers, representing a considerable share of the global trade. Also, economic and geopolitical factors significantly impact manufacturing companies' operations in the short and long term. Also, the government authorities in different countries are trying to boost investment by providing subsidies and loans to the manufacturers.  The manufacturing sector represents the highest demand for safety helmets owing to the rising integration of new technologies and the advancement of better, smart products for human safety. As such, manufacturing is considered the primary income source in many developing nations. The US, Europe, and East Asian countries are investing significantly in Industry 4.0 technologies. As per the World Trade Organization (WTO) in 2020, manufactured goods trade represents 71% of the world’s merchandise exports, representing US$ 12.1 trillion sales out of overall US$ 17 trillion trade. 

Further, rising investment in infrastructure development projects around the globe is expected to create ample opportunity for the safety helmets market. Infrastructure projects utilize safety helmets to protect a remote construction site from falling objects. According to the American Society of Civil Engineers industry group estimate, infrastructure investment in the US requires more than US$ 2.6 trillion to achieve economic growth. Further, Australia, India, Canada, France, Germany, and the UK have also invested significantly in infrastructure development with government support to prioritize projects. The US government signed the Infrastructure Investment and Jobs Act (IIJA) with around US$ 1.2 trillion in spending in November 2021. Such federal investment towards infrastructure development projects in the US is expected to create ample opportunity for the growth of the safety helmets market.

The increasing prevalence of head injuries across various manufacturing industries and statutory rules and regulations have boosted the demand for safety helmets with growing worker safety awareness. Rising occupational safety regulations drive the personal protective equipment (PPE) market. Mandates by authorities to maintain worker safety across industries are estimated to boost the demand for personal protective equipment. In addition, the demand for high-performance safety helmets has witnessed significant growth in the manufacturing and construction sectors due to their shock absorption capabilities and ability to protect lateral shock characteristics. Additionally, companies in the manufacturing industry are more conscious about worker security and safety at the workplace, owing to government regulations and fines for workplace-related risks.

Segmental Analysis:

The market is segmented into bump caps and hard hats based on product type. The hard hats segment held the largest share of the market in 2022, whereas the bump caps is projected to register the highest CAGR in the market during the forecast period. The hard hats segment has emerged as the dominant force in the safety helmets market, holding the largest share. This is primarily owing to rising demand in global building and construction projects. Rising government investments towards infrastructure development projects globally are projected to create significant opportunity for market growth. In November 2021, the United States government announced the investment for infrastructure developments. The United States has around US$ 25 trillion economy with many infrastructure development projects.

Regional Analysis:

The region's market is segmented into North America, Europe, Asia Pacific, Middle East Africa, and South America. Among these, Asia Pacific has the largest share in the global safety helmets market owing to the presence of the manufacturing industry, rapid industrialization, and availability of low-cost labor. In 2020, China’s manufacturing industry declined due to the COVID-19 pandemic, showing a significant drop of 13.9%. The manufacturing sector increased by 2.8% in the last quarter of 2020. China is the manufacturing hub for several automotive, electrical, and electronics components. These manufacturing companies require safety helmets for the safety of the workers. Also, China is the leading manufacturer of safety helmets. The country exports its in-house safety helmets around the world.

North America is rapidly growing for the global safety helmets market owing to rising demand in the manufacturing companies.

European countries are developing and adopting the technologies concerning the safety helmets. Manufacturers in European countries such as France, Germany, Italy, and Spain are developing Bluetooth-enabled torch systems for head-based safety helmets to meet the industry requirements.

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Key Player Analysis:

The safety helmets market analysis consists of the players such as Bullard, Delta Plus Group, Honeywell International Inc., DuPont, 3M, Polison Corp., Kimberly-Clark Corp., O&M Halyard, Inc., Drägerwerk AG & Co. KGaA, and Uvex Group Among the players in the Safety Helmet. Due to the diversified product portfolio offered, Delta Plus Group and Honeywell International Inc. are the top two players.

Recent Developments:

The strategies such as mergers and acquisitions, new product launch, partnerships and collaborations are highly adopted by companies in the safety helmets market. The development by the companies are listed below: 

• In July 2023, Ergodyne launched next-generation ANSI-certified Type 2 Safety Helmets with Bump Caps. ANSI Type 2 Skullerz safety helmets offer protection to the head for meeting the stringent rules and regulations such as ANSI ISEA.
• In November 2021, The Jarsh-NIA India-based safety helmet manufacturer launched the first AC Helmet, which works on its patented cooling technology that offers cooling up to 24ºC.