Construction safety helmets market size to grow by USD 551.17 million from 2021 to 2026: APAC estimated to account for 49% growth

NEW YORK, Feb. 16, 2023 /PRNewswire/ -- The global construction safety helmets market size is estimated to increase by USD 551.17 million from 2021 to 2026. The market's growth momentum will decelerate at a CAGR of 5.6%. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Discover more insights on the market before buying the full report -Request a sample report.

Global construction safety helmets market – Vendor analysisVendor offerings -

3M Co. - The company offers construction safety helmets that are designed for comfort. With pressure diffusion technology, these helmets can reduce forehead pressure by 20% on average.

Centurion Safety Products Ltd. - The company offers construction safety helmets that are combined with a badge holder fitter, which combines premium adhesive and an easy-click lock functionality for added security.

Delta Plus Group - The company offers construction safety helmets that are tested for front-back wearing to reduce encumbrance. They are equipped with foam sweatband for head size 53 cm to 63 cm.

Honeywell International Inc. - The company offers construction safety helmets that protect from falling objects, collision impact, debris, and shock, among other hazards.

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Vendor landscape –

The global construction safety helmets market is fragmented, with the presence of several small and large vendors. A few prominent vendors that offer construction safety helmets in the market are 3M Co., Alpha Solway Ltd., Centurion Safety Products Ltd., Concord Helmet and Safety Products Pvt. Ltd., Delta Plus Group, Engelbert Strauss GmbH and Co. KG, Fire Safe Solutions and Consultants, Greateagle Safety Products Co. Ltd., Hengshui Kai Yuan FRP Products Co. Ltd., Honeywell International Inc., JSP Ltd., KASK Spa, Mallcom India Ltd., MSA Safety Inc., NAFFCO FZCO, Performance Fabrics Inc. DBA HexArmor, Protective Industrial Products Inc, Sure Safety India Ltd., Udyogi International Pvt. Ltd., and uvex group and others.

Vendors compete based on quality, price, service, brand image, distribution, and marketing. Increasing competition among vendors is expected to compel them to reduce their product prices, which will negatively affect their profit margins and market growth. Moreover, changing consumption patterns affect vendors' performance. The global construction safety helmets market can also be affected by global and regional economic conditions.

Global construction safety helmets market - Customer landscapeTo help companies evaluate and develop growth strategies, the report outlines –

Key purchase criteria

Adoption rates

Adoption lifecycle

Drivers of price sensitivity

Global construction safety helmets market - Segmentation assessment

Segment overviewTechnavio has segmented the market based on material (HDPE, polyethylene, fiberglass, polycarbonate, and others).

The HDPE segment will account for a significant share of the market's growth during the forecast period. HDPE helmets can be molded to manufacture different safety helmets with various ribs, slots, brims, and vents. They have a locking system, suspension system, ventilation system, side slots, and rain gutter system. Such factors will drive the growth of the segment during the forecast period.

Geography overviewBased on geography, the global construction safety helmets market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global construction safety helmets market.

APAC will account for 49% of the market's growth during the forecast period. China, Japan, and India are the key contributors to the construction safety helmets market in the region. Moreover, market growth in this region will be faster than the growth of the market in other regions. The construction industry in the region is expected to grow during the forecast period owing to the need for new infrastructure fueled by the growing urban population. This, in turn, will drive the construction safety helmet market growth in APAC.

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Global construction safety helmets market – Market dynamics

Leading drivers - The robust growth of the construction industry is driving market growth. The spending on construction is expected to increase in APAC over the next five years. ASEAN governments are focusing on strengthening infrastructure and creating stronger inter-regional collaboration with China. Economies such as Thailand, Vietnam, the Philippines, and Myanmar are expected to witness growth in their construction market. The increasing population will fuel the demand for accommodation, which, in turn, will drive the growth of the residential construction sector. Such factors are expected to increase the demand for construction safety helmets during the forecast period.

Key trends - Ergonomically designed helmets are a key trend in the market. The integration of ergonomics in construction safety helmets will enhance comfort. Muscular issues can directly impact movement, energy, posture, and fatigue. Hence, regulatory bodies such as OSHA are creating awareness about the benefits of ergonomics. The organization also provides training on construction ergonomics. Such factors will support the market growth during the forecast period.

Major challenges - Discomfort due to weight is challenging the market growth. Most of the safety helmets are heavy or lack ventilation, which causes fatigue and suffocation. Accessories such as visors further add to the weight and discomfort. Hence, vendors are manufacturing safety helmets with four-point and six-point suspensions. However, these helmets are relatively new and less popular. Moreover, they may not be viable for businesses to replace the entire stock of conventional safety helmets with newer variants. Such factors may hamper the market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this construction safety helmets market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the construction safety helmets market between 2022 and 2026

Precise estimation of the size of the construction safety helmets market and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the construction safety helmets market across APAC, North America, Europe, Middle East and Africa, and South America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of construction safety helmets market vendors

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Construction Safety Helmets Market Scope

Report Coverage

Details

Page number

147

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 5.6%

Market growth 2022-2026

USD 551.17 million

Market structure

Fragmented

YoY growth 2022-2022 (%)

6.26

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 49%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

3M Co., Alpha Solway Ltd., Centurion Safety Products Ltd., Concord Helmet and Safety Products Pvt. Ltd., Delta Plus Group, Engelbert Strauss GmbH and Co. KG, Fire Safe Solutions and Consultants, Greateagle Safety Products Co. Ltd., Hengshui Kai Yuan FRP Products Co. Ltd., Honeywell International Inc., JSP Ltd., KASK Spa, Mallcom India Ltd., MSA Safety Inc., NAFFCO FZCO, Performance Fabrics Inc. DBA HexArmor, Protective Industrial Products Inc, Sure Safety India Ltd., Udyogi International Pvt. Ltd., and uvex group

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

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Table of contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

4.1 Five forces summary

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

5 Market Segmentation by Material

5.1 Market segments

5.2 Comparison by Material

5.3 HDPE - Market size and forecast 2021-2026

5.4 Polyethylene - Market size and forecast 2021-2026

5.5 Fiberglass - Market size and forecast 2021-2026

5.6 Polycarbonate - Market size and forecast 2021-2026

5.7 Others - Market size and forecast 2021-2026

5.8 Market opportunity by Material

6 Customer Landscape

6.1 Customer landscape overview

7 Geographic Landscape

7.1 Geographic segmentation

7.2 Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

7.4 North America - Market size and forecast 2021-2026

7.5 Europe - Market size and forecast 2021-2026

7.6 Middle East and Africa - Market size and forecast 2021-2026

7.7 South America - Market size and forecast 2021-2026

7.8 China - Market size and forecast 2021-2026

7.9 US - Market size and forecast 2021-2026

7.10 Germany - Market size and forecast 2021-2026

7.11 Japan - Market size and forecast 2021-2026

7.12 India - Market size and forecast 2021-2026

7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

9.3 Landscape disruption

9.4 Industry risks

10 Vendor Analysis

10.1 Vendors covered

10.2 Market positioning of vendors

10.3 3M Co.

10.4 Centurion Safety Products Ltd.

10.5 Delta Plus Group

10.6 Honeywell International Inc.

10.7 JSP Ltd.

10.8 KASK Spa

10.9 MSA Safety Inc.

10.10 NAFFCO FZCO

10.11 Protective Industrial Products Inc

10.12 uvex group

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

11.3 Currency conversion rates for US$

11.4 Research methodology

11.5 List of abbreviations

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