Safety Helmets Market Size, Share, Growth Analysis, By Product(Hard Hats, Bump Caps), By Material(Polyethylene, Acrylonitrile Butadiene Styrene, Polycarbonate), By Region - Industry Forecast 2024-2031

Global Safety Helmets Market size was valued at USD 3.9 billion in 2022 and is poised to grow from USD 4.2 billion in 2023 to USD 7.5 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).

Global safety helmets market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. '3M', 'Honeywell International Inc.', 'MSA Safety Inc.', 'uvex safety group', 'Delta Plus Group', 'JSP Ltd', 'Centurion Safety Products Ltd', 'Bullard', 'Kimberly-Clark Corporation', 'Lakeland Industries Inc.', 'Alpha Pro Tech Ltd.', 'Moldex-Metric AG & Co. KG', 'Gentex Corporation', 'Portwest Ltd.', 'Schuberth GmbH', 'SureWerx', 'Cintas Corporation', 'Gateway Safety, Inc.', 'Dynamic Safety International Inc.', 'Optrel AG'

The number of construction projects is rising on a global scale. The demand for safety helmets to protect against injuries falls from buildings, collisions with heavy objects, and other accidents occurring on construction sites is being influenced by the increased focus on worker safety at construction sites. Additionally, the expansion of buildings, roads, and other infrastructure projects is boosting the demand for helmets. For their high strength, durability, and lightweight, helmets made of durable materials like carbon fiber polyethylene terephthalate, fiberglass, acrylonitrile butadiene styrene, and others are preferred. The India Brand Equity Foundation (IBEF) estimates that 11.5 million home building projects will be completed by 2025, making India the third-largest construction market in the world. As a result of the increased focus on safety, comfort, and protection, the demand for helmets will increase along with infrastructure, commercial, residential, and other project development.

Personal protective equipment (PPE) market growth is significantly influenced by regulations governing workplace safety. Authorities' requirements to uphold worker safety across industries are expected to fuel demand for safety helmets. The type of personal protective equipment necessary for protection during various industrial or commercial processes is mentioned in these regulations.

Asia Pacific is expected to control the safety helmets market share. In order to ensure worker safety, safety helmet use is increasing in the Asia Pacific region, and organisations like ASTM, ANSI, and ISO are taking more aggressive measures, which will probably have a positive impact on market growth. A significant increase in mergers and acquisitions, integration activities, and site relocations has also aided the industrial growth of the area. The increased production of safety helmets in developing countries like India, Vietnam, Thailand, and Malaysia is anticipated to drive the Asia Pacific market. The use of personnel safety equipment, such as safety helmets in new construction as well as renovation activities, is anticipated to increase in Europe as a result of low mortgage rates. The EU, OSHA, and ILO have all worked to prevent workplace accidents, which has increased the demand for safety helmets. Due to the existence of numerous manufacturing facilities there, Germany is one of the major consumers of safety helmets in Europe. According to Germany Trade & Invest, Germany is the most industrialized nation in Europe with a diverse economy, with the automotive industry serving as the primary sector. The demand for safety helmets is likely to increase due to the fast expansion of the automobile manufacturing industry, which will help to reduce workplace accidents and improve worker safety.