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

Safety Helmets Market Driver

• 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.
• It is anticipated that increasing demand for polyethylene in a variety of end-use industries, such as the production of automotive parts, textiles, and electrical coatings, will lead to inconsistent raw material supply for the production of safety helmets. Therefore, it is anticipated that the penetration of safety helmets will be constrained over the forecast period by rising raw material costs and erratic supply.

Safety Helmets Market Restraint

• The plastic may become brittle from UV and sunlight exposure, making the helmet less likely to offer the necessary level of protection to prevent major accidents. The aforementioned factors are anticipated to be the market for safety helmets' biggest obstacles. The development of the global market for safety helmets is also anticipated to be hampered by strict rules governing the production and labelling of safety helmets.