Global safety helmets market projected to reach $6.56 billion by 2031, driven by urbanization and infrastructure development
From GlobeNewswire: 2025-01-09 05:37:00
The global Safety Helmets Market Size and Forecast report covers key material types like Polyethylene, Acrylonitrile Butadiene Styrene, Polycarbonate, with industry applications in Construction, Manufacturing, Mining, among others. Key players include 3M, Centurion Safety Products Ltd., Concord Helmet & Safety Product Private Limited, and more.
The Safety Helmets Market valued at US$ 4,380.54 million in 2023, is projected to grow at a CAGR of 5.2%. Construction held the largest market share in 2023. Urbanization, population growth, and infrastructure development projects like those in Saudi Arabia are driving the demand for safety helmets in various industries.
Europe leads the safety helmet market due to infrastructure development and focus on occupational safety. The UK, Germany, France, and Italy are significant markets. Asia Pacific holds a substantial revenue share, with China, India, and Japan leading. North America follows closely, with the US dominating the market for safety helmets.
Market segmentation includes materials like polyethylene, acrylonitrile butadiene styrene, polycarbonate, and applications in construction, manufacturing, mining, and others. Key players are adopting strategies like new product launches and joint ventures to maintain a competitive edge in the Safety Helmets Market.
Recent developments in the safety helmet market include new product launches by MSA Safety, Inc., BIBEE, and STUDSON, showcasing advanced safety features and technology. The market is evolving to meet the increasing demands for safety measures across various industries.
The safety helmet market is influenced by urbanization, population growth, and infrastructure development globally. Rising government initiatives and stringent regulations drive the need for high standards of workforce safety measures. The report from The Insight Partners offers valuable insights for stakeholders to navigate the evolving market landscape and unlock new opportunities.
Read more at GlobeNewswire: Safety Helmets Market Size to Hit $6.56 Billion, Globally,