Product Code: TIPRE00014294
The safety helmets market size is projected to reach US$ 6.56 billion by 2031 from US$ 4.38 billion in 2023. The market is expected to register a CAGR of 5.2% during 2023-2031.
Based on material, the safety helmet market is segmented into polyethylene, acrylonitrile butadiene styrene, polycarbonate, and others. The market, in terms of end-use industry, is categorized into construction, manufacturing, mining, and others.
The safety helmet market performance is evaluated considering Asia Pacific, North America, and Europe as prime regions, along with the Middle East & Africa and South & Central America. China, the US, France, the UK, and Brazil are among the major countries contributing to the market growth.
3M, Centurion Safety Products Ltd., Concord Helmet & Safety Product Private Limited, Polison Corporation, Honeywell International Inc., JSP Limited, Pyramex, and Schuberth are among the key companies functioning in the safety helmet market.
Governments of several countries are working on mineral exploration projects as one of the major parts of their economic advancement. Also, they are emphasizing the discovery of new mining sites, along with the upgradation and maintenance of already existing mining sites. For instance, in 2023, Irving Resources Inc. started diamond drilling at its East Yamagano high-grade epithermal gold-silver vein project in Kyushu, Japan. In 2023, Metal Tiger plc announced that Southern Gold Limited had initiated drilling at its Deokon Au-Ag project in South Korea. Southern Gold is anticipated to commence the drilling of the first two diamond drill holes of 500 meters at the untested extensions of the Deokon Main Mine in the Deokon Project. The rapid urbanization and rising government emphasis on infrastructure development that involves telecom network expansion in rural areas are a few factors increasing the infrastructure development work. In 2023, Grid Telecom and Exa Infrastructure collaborated to boost digital connectivity and offer infrastructure services anchored in Europe. The partnership focuses on offering their wholesale and corporate customers diverse open-access interconnection and international reach across Europe. Similarly, in 2024, Bharat Sanchar Nigam Limited declared a US$ 7.8 billion tender to employ the third Phase of the BharatNet project in India, which is one of the important rural telecom projects. Therefore, the advancements in mining and telecom sectors drive the safety helmet market growth.
Market restraining factors includes high cost of manufacturing and fluctuations in the raw material pricing. The cost of raw materials changes depending on production capacity, government policies, availability of raw materials, global economic circumstances, tariff rates, and supply and demand. Variations in the cost of these raw materials have a high impact on the production expenses of safety helmets. For instance, the cost of high-density polyethylene has fluctuated significantly from 2020 to 2022 globally. It was nearly US$ 837 per metric ton in 2020 and reached US$ 1,106 per metric ton in 2022. The cost of raw materials is subjected to factors such as a smooth supply chain, demand for raw materials in different end-user industries, trade agreements between nations, and policies related to international agreements. Thus, the varying cost of raw materials in the production of safety helmets negatively impacts the safety helmet market.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
4. Safety Helmets Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
5. Safety Helmets Market - Key Market Dynamics
- 5.1 Safety Helmets Market - Key Market Dynamics
- 5.2 Market Drivers
- 5.2.1 Developments in the Construction Industry
- 5.2.2 Advancements in Mining and Telecom Sectors
- 5.3 Market Restraints
- 5.3.1 Raw Material Price Fluctuations
- 5.4 Market Opportunities
- 5.4.1 Increasing Government Focus on Workforce Safety
- 5.5 Market Trends
- 5.5.1 Growing Adoption of Advanced Materials
- 5.5.2 Growing Integration of Digitalization
- 5.6 Impact of Drivers and Restraints:
6. Safety Helmets Market - Global Market Analysis
- 6.1 Safety Helmets Market Revenue (US$ Million), 2021-2031
- 6.2 Safety Helmets Market Revenue (US$ Million), 2021-2031
- 6.3 Safety Helmets Market Forecast Analysis
7. Safety Helmets Market Analysis - by Material
- 7.1 Polyethylene
- 7.1.1 Overview
- 7.1.2 Polyethylene: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2 Acrylonitrile Butadiene Styrene
- 7.2.1 Overview
- 7.2.2 Acrylonitrile Butadiene Styrene: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 7.3 Polycarbonate
- 7.3.1 Overview
- 7.3.2 Polycarbonate: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 7.4 Others
- 7.4.1 Overview
- 7.4.2 Others: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
8. Safety Helmets Market Analysis - by Industry
- 8.1 Construction
- 8.1.1 Overview
- 8.1.2 Construction: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 8.2 Manufacturing
- 8.2.1 Overview
- 8.2.2 Manufacturing: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 8.3 Mining
- 8.3.1 Overview
- 8.3.2 Mining: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
9. Safety Helmets Market - Geographical Analysis
- 9.1 Overview
- 9.2 North America
- 9.2.1 North America Safety Helmets Market Overview
- 9.2.2 North America: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2.3 North America: Safety Helmets Market Breakdown, by Material
- 9.2.3.1 North America: Safety Helmets Market - Revenue and Forecast Analysis - by Material
- 9.2.4 North America: Safety Helmets Market Breakdown, by Industry
- 9.2.4.1 North America: Safety Helmets Market - Revenue and Forecast Analysis - by Industry
- 9.2.5 North America: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.2.5.1 North America: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.2.5.2 United States: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2.5.2.1 United States: Safety Helmets Market Breakdown, by Material
- 9.2.5.2.2 United States: Safety Helmets Market Breakdown, by Industry
- 9.2.5.3 Canada: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2.5.3.1 Canada: Safety Helmets Market Breakdown, by Material
- 9.2.5.3.2 Canada: Safety Helmets Market Breakdown, by Industry
- 9.2.5.4 Mexico: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2.5.4.1 Mexico: Safety Helmets Market Breakdown, by Material
- 9.2.5.4.2 Mexico: Safety Helmets Market Breakdown, by Industry
- 9.3 Europe
- 9.3.1 Europe Safety Helmets Market Overview
- 9.3.2 Europe: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.3 Europe: Safety Helmets Market Breakdown, by Material
- 9.3.3.1 Europe: Safety Helmets Market - Revenue and Forecast Analysis - by Material
- 9.3.4 Europe: Safety Helmets Market Breakdown, by Industry
- 9.3.4.1 Europe: Safety Helmets Market - Revenue and Forecast Analysis - by Industry
- 9.3.5 Europe: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.3.5.1 Europe: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.3.5.2 Germany: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.5.2.1 Germany: Safety Helmets Market Breakdown, by Material
- 9.3.5.2.2 Germany: Safety Helmets Market Breakdown, by Industry
- 9.3.5.3 France: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.5.3.1 France: Safety Helmets Market Breakdown, by Material
- 9.3.5.3.2 France: Safety Helmets Market Breakdown, by Industry
- 9.3.5.4 Italy: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.5.4.1 Italy: Safety Helmets Market Breakdown, by Material
- 9.3.5.4.2 Italy: Safety Helmets Market Breakdown, by Industry
- 9.3.5.5 United Kingdom: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.5.5.1 United Kingdom: Safety Helmets Market Breakdown, by Material
- 9.3.5.5.2 United Kingdom: Safety Helmets Market Breakdown, by Industry
- 9.3.5.6 Russia: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.5.6.1 Russia: Safety Helmets Market Breakdown, by Material
- 9.3.5.6.2 Russia: Safety Helmets Market Breakdown, by Industry
- 9.3.5.7 Rest of Europe: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.5.7.1 Rest of Europe: Safety Helmets Market Breakdown, by Material
- 9.3.5.7.2 Rest of Europe: Safety Helmets Market Breakdown, by Industry
- 9.4 Asia Pacific
- 9.4.1 Asia Pacific Safety Helmets Market Overview
- 9.4.2 Asia Pacific: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.3 Asia Pacific: Safety Helmets Market Breakdown, by Material
- 9.4.3.1 Asia Pacific: Safety Helmets Market - Revenue and Forecast Analysis - by Material
- 9.4.4 Asia Pacific: Safety Helmets Market Breakdown, by Industry
- 9.4.4.1 Asia Pacific: Safety Helmets Market - Revenue and Forecast Analysis - by Industry
- 9.4.5 Asia Pacific: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.4.5.1 Asia Pacific: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.4.5.2 China: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.5.2.1 China: Safety Helmets Market Breakdown, by Material
- 9.4.5.2.2 China: Safety Helmets Market Breakdown, by Industry
- 9.4.5.3 Japan: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.5.3.1 Japan: Safety Helmets Market Breakdown, by Material
- 9.4.5.3.2 Japan: Safety Helmets Market Breakdown, by Industry
- 9.4.5.4 India: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.5.4.1 India: Safety Helmets Market Breakdown, by Material
- 9.4.5.4.2 India: Safety Helmets Market Breakdown, by Industry
- 9.4.5.5 Australia: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.5.5.1 Australia: Safety Helmets Market Breakdown, by Material
- 9.4.5.5.2 Australia: Safety Helmets Market Breakdown, by Industry
- 9.4.5.6 South Korea: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.5.6.1 South Korea: Safety Helmets Market Breakdown, by Material
- 9.4.5.6.2 South Korea: Safety Helmets Market Breakdown, by Industry
- 9.4.5.7 Rest of APAC: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.5.7.1 Rest of APAC: Safety Helmets Market Breakdown, by Material
- 9.4.5.7.2 Rest of APAC: Safety Helmets Market Breakdown, by Industry
- 9.5 Middle East and Africa
- 9.5.1 Middle East and Africa Safety Helmets Market Overview
- 9.5.2 Middle East and Africa: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.3 Middle East and Africa: Safety Helmets Market Breakdown, by Material
- 9.5.3.1 Middle East and Africa: Safety Helmets Market - Revenue and Forecast Analysis - by Material
- 9.5.4 Middle East and Africa: Safety Helmets Market Breakdown, by Industry
- 9.5.4.1 Middle East and Africa: Safety Helmets Market - Revenue and Forecast Analysis - by Industry
- 9.5.5 Middle East and Africa: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.5.5.1 Middle East and Africa: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.5.5.2 South Africa: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.5.2.1 South Africa: Safety Helmets Market Breakdown, by Material
- 9.5.5.2.2 South Africa: Safety Helmets Market Breakdown, by Industry
- 9.5.5.3 Saudi Arabia: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.5.3.1 Saudi Arabia: Safety Helmets Market Breakdown, by Material
- 9.5.5.3.2 Saudi Arabia: Safety Helmets Market Breakdown, by Industry
- 9.5.5.4 United Arab Emirates: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.5.4.1 United Arab Emirates: Safety Helmets Market Breakdown, by Material
- 9.5.5.4.2 United Arab Emirates: Safety Helmets Market Breakdown, by Industry
- 9.5.5.5 Rest of Middle East and Africa: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.5.5.1 Rest of Middle East and Africa: Safety Helmets Market Breakdown, by Material
- 9.5.5.5.2 Rest of Middle East and Africa: Safety Helmets Market Breakdown, by Industry
- 9.6 South and Central America
- 9.6.1 South and Central America Safety Helmets Market Overview
- 9.6.2 South and Central America: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6.3 South and Central America: Safety Helmets Market Breakdown, by Material
- 9.6.3.1 South and Central America: Safety Helmets Market - Revenue and Forecast Analysis - by Material
- 9.6.4 South and Central America: Safety Helmets Market Breakdown, by Industry
- 9.6.4.1 South and Central America: Safety Helmets Market - Revenue and Forecast Analysis - by Industry
- 9.6.5 South and Central America: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.6.5.1 South and Central America: Safety Helmets Market - Revenue and Forecast Analysis - by Country
- 9.6.5.2 Brazil: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6.5.2.1 Brazil: Safety Helmets Market Breakdown, by Material
- 9.6.5.2.2 Brazil: Safety Helmets Market Breakdown, by Industry
- 9.6.5.3 Argentina: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6.5.3.1 Argentina: Safety Helmets Market Breakdown, by Material
- 9.6.5.3.2 Argentina: Safety Helmets Market Breakdown, by Industry
- 9.6.5.4 Rest of South and Central America: Safety Helmets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6.5.4.1 Rest of South and Central America: Safety Helmets Market Breakdown, by Material
- 9.6.5.4.2 Rest of South and Central America: Safety Helmets Market Breakdown, by Industry
10. Competitive Landscape
- 10.1 Heat Map Analysis by Key Players
- 10.2 Company Positioning & Concentration
11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Product Development
- 11.4 Mergers & Acquisitions
12. Company Profiles
- 12.1 3M Co
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Honeywell International Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 MSA Safety Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Centurion Safety Products Ltd
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 1Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Concord Helmet & Safety Products Private Limited
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 JSP Limited
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Pyramex Safety Products, LLC
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 UVEX ARBEITSSCHUTZ GmbH
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 VOSS-HELME GmbH & Co. KG
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 SCHUBERTH
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners