According to our latest market study on " Safety Helmets Forecast to 2031 - Global Analysis - by Material and Industry," the safety helmets market size is projected to reach US$ 6,566.58 million by 2031 from US$ 4,380.54 million in 2023.
Ensuring the safety of the workforce in industrial environments (mainly manufacturing facilities) is of utmost importance to organizations. To lower the inherent hazards and risks, organizations must practice rational tools to safeguard their workers and improve operations. In Europe and the Americas, regulatory standards aim to confirm production safety. For instance, in the US, the Occupational Safety and Health Administration develops complete obligations to preserve safety in manufacturing facilities. The organization's recommendations are integrated into all aspects of enterprise activities, including the usage of warning signs, equipment protection, and workplace organization. The application of safety helmets also plays an important role in the overall workforce safety management.
The construction sector has largest share in 2023, this is owing to increasing development in the infrastructure building projects across the globe. The most important asset in any construction field is its workers. By advancing safety and inhibiting unwanted hazards, the workforce can be safeguarded, owing to which workers' compensation costs can also be lowered. The construction industry is prone to a series of work-related risks while performing excavation work, working at heights, manual and mechanical handling of work, marine work, ground improvement work by stone column procedure, and lifting of materials by using cranes. The use of safety helmets is mandatory to prevent workplace accidents. A number of projects are in progress, and several have been planned worldwide, owing to which the demand for safety helmets witnesses a significant rise, as these are among the fundamental tools to ensure worker safety across projects in the construction industry.
Key Findings of Market Study:
The global Safety Helmets is broadly segmented into five major regions-North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Factors such as the growing developments in the construction sector, rising government focus on infrastructure development, increasing demand for renovation and repair work, and rapid urbanization stimulate the growth of the safety helmet market in Asia Pacific. China, India, and Japan hold prominent positions in the safety helmet market in Asia Pacific.
The increasing developments in commercial and industrial spheres are among the prime reasons accelerating the safety helmet market growth in North America. The US dominates the market for safety helmets in North America. The rising focus on worker safety and health for proper project completion in manufacturing and construction sites is fueling the demand for safety helmets in the region.
Europe is the prominent market for safety helmets owing to its infrastructure development in construction, oil & gas, manufacturing, and petrochemicals. In addition, the mounting emphasis on occupational safety is boosting the application of workforce safety measures in construction sites, thereby positively favoring the Europe safety helmet market. The UK, Germany, France, and Italy are noteworthy markets for safety helmets. Despite high inflation rates and geo-political disturbances, including the Russia-Ukraine war, European countries have recorded steady growth in the construction and manufacturing industries. Residential construction activities in several countries have undergone sluggish growth due to high interest rates and low disposable income. However, the commercial and industrial sectors have shown a positive outlook due to growing government interventions.
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