Industry Background:
Safety helmets are majorly used to avoid accidents during industrial activities, mainly at construction sites. Safety helmets are used to protect workers at the working sites and to lowers the chance of injuries and accidents at construction, mining, and manufacturing sites. Safety helmets are known as the first line of defense against head injuries. It is the most useful personal protective equipment to wear, protecting the brain & head. Raised prevalence cases of head injuries at workplaces are responsible for to surge in the demand for safety helmets. According to the published article of U.S. BUREAU OF LABOR STATISTICS, IN 2018 Construction workers accounted for 1008 that is 47% of all fatal work injuries. Thus, the huge demand for safety helmets continues to rise. Geographically, North America dominated the market and witness moderate growth however, Asia-Pacific is expected to grow with a high growth rate over the forecast period. In Asia-Pacific, Governments like China and India are mandating the use of safety helmets to ensure employee safety. In addition, rising proactive measures are taken by various associations such as ASTM, and ISO are impacting positively on market growthThis growth is primarily driven by Rising demand for head safety owing to the increased number of daily basis head injuries incidents and Strict safety norms mandating the use of safety helmet at the workstation.
Globally, a noticeable market trend is evident Introduction of safety helmets with IoT technologies for construction sites. Major Manufacturers, such as Bullard (Kentucky), 3M (United States), JSP (United Kingdom), Drägerwerk AG & Co. KGaA (Germany), Schuberth GmbH(Germany), Pyramex (United States), Delta Plus Group (France), MSA (India), Honeywell International Inc. (United States), Polison Corporation (China), Uvex Group (Bavaria), Centurion Safety Products Ltd. (United Kingdom) and Concord Helmet & Safety Products Pvt. Ltd. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2019, Roland Berger GmbH has introduced safety helmets with IoT technology. With this technological advancement, safety on construction sites has been increased with proper coordination.
Market Drivers
- Rising demand for head safety owing to the increased number of daily basis head injuries incidents
- Strict safety norms mandating the use of safety helmet at the workstation
Market Trend
- Introduction of safety helmets with IoT technologies for construction sites
Restraints
- low awareness in certain economies of Central and South America regarding employee’s safety during manufacturing, mining, and construction activities
Opportunities
Surging industrialization in constriction industries and Strengthen government regulations for workplaces
Challenges
Heavy Weight of helmets owing to other assemble accessories like goggles
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