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Global Safety Helmet Market to reach USD 2.66 billion by 2027.

Global Safety Helmet Market to reach USD 2.66 billion by 2027.

Product Code: OIRBC-83061304
Publish Date: 11-07-2021
Page: 200

Global Safety Helmet Market is valued approximately at USD 1.89 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2021-2027. A well-built safety helmet is necessary for the personnel working in the field such as construction, heavy manufacturing, oil and other field to shield them from head injury. Stringent government norms for the worker’s safety at work, growing construction, manufacturing and mining sector and increasing incidents of injuries in various industries are fueling the demand for safety helmets worldwide. For instance, according to Statista construction sector in India witnessed growth rate of 5.62% between 2015 and 2020 as compared to 2.95% between 2010 and 2015. Also, according to industrial-union.org, 268 workers were killed and 748 workers suffered serious injuries in India’s mines between 2016 to 2019. Additionally, according to India Brand Equity Foundation (IBEF), under Make in India, government of India is planning to make India a manufacturing hub and aims to create 100 million new jobs in the manufacturing sector by 2022. Also, according to India Standard for Specifications for Industrial Safety Helmets, helmets required for use in underground mines shall have no metal parts made from aluminum or magnesium or their alloys. Furthermore, technological advancement in safety helmets and introduction of multi-utility helmets are expected to fuel the demand in coming years. However, high cost of industrial helmets and stringent regulation regarding manufacturing and labelling of safety helmets may hamper the growth during forecast period.

Key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of safety helmet market. Asia Pacific is the dominating the world in terms of market share owing to large industrial base and presence of major oil and gas production sites in countries such as India and China. Whereas North America is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, owing to rising demand for high-utility and effective safety helmets from construction and metal manufacturing industries.

Major market player included in this report are:

Delta Plus Group
Honeywell International Inc.
Polison Corporation
Drägerwerk AG & Co. KGaA
Uvex Group
Centurion Safety Products Ltd.
Schuberth GmbH
Concord Helmet & Safety Products Pvt. Ltd.
OccuNomix International LLC
Voss-Helme GmbH & Co. KG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:
Acrylonitrile Butadiene Styrene
By Product:
Hard Hats
Bump Hats
By End-use:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Safety Helmet Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Safety Helmet Market, by Region, 2019-2027 (USD Billion)
1.2.2. Safety Helmet Market, by Material, 2019-2027 (USD Billion)
1.2.3. Safety Helmet Market, by Product , 2019-2027 (USD Billion)
1.2.4. Safety Helmet Market, by End-use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Safety Helmet Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Safety Helmet Market Dynamics
3.1. Safety Helmet Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Growth in manufacturing, mining and construction sector Government regulation for worker’s safety
3.1.2. Market Restraint Stringent Legal and Political Regulations regarding manufacturing and labelling of safety helmets High cost
3.1.3. Market Opportunities Introduction of multi-utility safety helmets Technological advancements
Chapter 4. Global Safety Helmet Market:Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Safety Helmet Market, by Material
5.1. Market Snapshot
5.2. Global Safety Helmet Market by Material, Performance – Potential Analysis
5.3. Global Safety Helmet Market Estimates & Forecasts by Material 2018-2027 (USD Billion)
5.4. Safety Helmet Market , Sub Segment Analysis
5.4.1. Polyethylene
5.4.2. Acrylonitrile Butadiene Styrene
5.4.3. Polycarbonate
Chapter 6. Global Safety Helmet Market, by Product
a. Market Snapshot
6.1. Global Safety Helmet Market by Product, Performance – Potential Analysis
6.2. Global Safety Helmet Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
6.3. Safety Helmet Market , Sub Segment Analysis
6.3.1. Hard Hats
6.3.2. Bump Hats
Chapter 7. Global Safety Helmet Market, by End-use
b. Market Snapshot
7.1. Global Safety Helmet Market by End-use, Performance – Potential Analysis
7.2. Global Safety Helmet Market Estimates & Forecasts by End-use 2018-2027 (USD Billion)
7.3. Safety Helmet Market , Sub Segment Analysis
7.3.1. Construction
7.3.2. Manufacturing
7.3.3. Mining
7.3.4. Others
Chapter 8. Global Safety Helmet Market, Regional Analysis
8.1. Safety Helmet Market , Regional Market Snapshot
8.2. North America Safety Helmet Market
8.2.1. U.S. Safety Helmet Market Material breakdown estimates & forecasts, 2018-2027 Product breakdown estimates & forecasts, 2018-2027 End-use breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Safety Helmet Market
8.3. Europe Safety Helmet Market Snapshot
8.3.1. U.K. Safety Helmet Market
8.3.2. Germany Safety Helmet Market
8.3.3. France Safety Helmet Market
8.3.4. Spain Safety Helmet Market
8.3.5. Italy Safety Helmet Market
8.3.6. Rest of Europe Safety Helmet Market
8.4. Asia-Pacific Safety Helmet Market Snapshot
8.4.1. China Safety Helmet Market
8.4.2. India Safety Helmet Market
8.4.3. Japan Safety Helmet Market
8.4.4. Australia Safety Helmet Market
8.4.5. South Korea Safety Helmet Market
8.4.6. Rest of Asia Pacific Safety Helmet Market
8.5. Latin America Safety Helmet Market Snapshot
8.5.1. Brazil Safety Helmet Market
8.5.2. Mexico Safety Helmet Market
8.6. Rest of The World Safety Helmet Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Delta Plus Group Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Honeywell International Inc.
9.2.3. Polison Corporation
9.2.4. Drägerwerk AG & Co. KGaA
9.2.5. Uvex Group
9.2.6. Centurion Safety Products Ltd.
9.2.7. Schuberth GmbH
9.2.8. Concord Helmet & Safety Products Pvt. Ltd.
9.2.9. OccuNomix International LLC
9.2.10. Voss-Helme GmbH & Co. KG

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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