U.S. Safety Helmet Market Growth & Trends
The U.S. safety helmet market size is anticipated to reach USD 1.7 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% from 2022 to 2030. Increased adoption of workplace safety norms by employers coupled with rising investments in R&D with a keen focus on product development is expected to drive the industry growth. The pandemic has led safety helmet manufacturers to use technology as a potential driver for the industry. Companies have been able to use Industrial Internet-of-Things (IIoT) and Artificial Intelligence (AI) to develop additional support features for a helmet, including a multi-directional impact protection system and technology to reduce lead time during an emergency by MIPS and twICEme.
Occupational safety regulations play a major role in driving the industry. These regulations mention the type of safety helmet required for protection during different industrial or commercial processes. Mandates by the authorities to maintain worker safety across various industries are anticipated to drive the product demand further. The rising incidences of brain injuries across several industries, including construction, mining, and manufacturing, have boosted worker safety awareness, along with statutory restrictions. Safety has always been the top-most priority in all industrial operations in construction and manufacturing industries, which is anticipated to have a positive impact on industry growth.
The introduction of stringent industry policies and government regulations have resulted in manufacturers requiring more data and predictive models to assist in minimizing the risk of work-related mortality, injuries, and illnesses.With the IIoT, companies have developed smart helmets that use sensors to carry out several functions. The industry is distinguished by the existence of a sizable customer base across the globe with manufacturers making deals through specialized distribution networks. Although pricing pressure is anticipated to provide difficulties for manufacturers, strategic product differentiation is anticipated to help them achieve market dominance.
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U.S. Safety Helmet Market Report
U.S. Safety Helmet Market Report Highlights
- The PE material segment accounted for the maximum revenue share in 2021 owing to the low cost of PE. In addition, PE helmets are competitively priced as compared to helmets made of other materials
- The hard hats product segment accounted for the maximum share of the global revenue in 2021 owing to the increased demand for hard hats in the mining and construction industries coupled with the ability of these hats to provide protection against electrical shock
- The construction end-use segment accounted for the largest revenue share in 2021 owing to the increasing demand for better public infrastructure, such as harbors, roadways, rail transport systems, and airports
- The mining industry is projected to witness a considerable CAGR over the forecast period owing to the rising demand to ensure head protection for mineworkers that are exposed to several potential accidents
- In September 2020, Schuberth GmbH collaborated with Alpa Distribution for the distribution of helmet products in Italy. This partnership will allow the distribution of motorcycle helmets for the Italian market
