Europe Industrial Head Protection Market to cross $800 mn by 2024
Date: 2018-12-10   Author: Rahul Varpe  Category: #market

Europe Industrial Head Protection Market to cross $800 mn by 2024

Europe industrial head protection market size should surpass USD 800 million by 2024. Favorable regulations by EU commission pertaining to safety helmets requirements and purpose across manufacturing industries should drive regional growth. Strong R&D spending along with new product launch by various companies may fuel product demand.

U.S. safety helmet market size may witness significant gains at over 3.5%. Increasing workplace mortality rate along with presence of substantial number of manufacturers in this region should promote product demand. Companies have initiated head protection programs to prevent deaths and injuries. Strict standards and compliances by OSHA regarding occupational environment safety is enforcing employees to provide protective equipment in the region.

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According to a new research report by Global Market Insights, Inc. Industrial Head Protection Market size is set to exceed USD 3.4 billion by 2024.

Growing importance of workplace safety mainly in construction, mining, and chemical sectors should drive industrial head protection market size. Industrial safety helmet is widely used to protect from workplace hazards such as electric shocks, falling debris and falls. Rising number of occupational fatalities may have positive impact on industry growth.

Safety helmet market size from construction application may witness strong gains over the foreseeable timeframe. This sector being highly labor intensive and report maximum fatality rate from head injuries due to falls, electrocutions, caught in or between, and struck by objects requires effective safety measures thereby having positive impact on industry growth. As per OSHA, over 21% of the fatalities occur in construction sector which has led to rise in strict government regulations to lessen or reduce death numbers.

High density polyethylene (HDPE) based industrial head protection market size may witness steady gains up to 4%. It offers high tensile strengthen over other thermoplastic polymers along with easy molding in attractive and practical designs. Positive application outlook in agriculture, chemical, mining, sand blasting oil refineries, welding and sand blasting owing to high tensile strength may fuel industry growth.

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Safety helmets market size from oil & gas application expects volume consumption to exceed 70 million units by 2024.  Industrial workers safety standards have made it mandatory to wear flame resistant head protection to protect on-site workers from accidental hazards occurring mainly from oil spills. Companies also provide safety equipment in on – site stores to ensure complete protection as per industry standards which is likely to boost product demand.

Safety helmets & hard hats market size should exceed 350 million units by 2024. It has wide application scope in mining, oil refineries, and construction industries. These sectors are prone to high risk from falling heavy objects, collision, moving objects and falls resulting in high chances of head injuries owing to nature of such working environment thereby driving industrial head protection market growth.
 
Polycarbonate, polypropylene, HDPE, ABS, and polystyrene are key raw materials used for manufacturing process. Cost concerns regarding these raw materials owing to extensive usage in various end-use industries such as electronics, packaging and agriculture may hinder industry profitability and impact industrial head protection market price trend.

Supporting regulatory guidelines by OSHA pertaining to mandatory use of safety equipment in the areas subjected to accidents, thereby promoting industrial head protection demand. Construction manufacturers are initiating various head protection programs to create awareness among workers due to stringent safety and security compliances at workplace.
 
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Industrial head protection market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Units and revenue in USD from 2013 to 2024, for the following segments:

Industrial Head Protection Market By Material
•    ABS
•    HDPE
•    Polycarbonate
•    FRP
•    Polystyrene
•    Polypropylene

Industrial Head Protection Market By Product
•    Safety helmet & hard hats
•    Bump caps

Industrial Head Protection Market By Application
•    Construction
•    Oil & gas
•    Mining
•    Food
•    Chemicals
•    Pharmaceutical
•    Transportation

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
Phone: 1-302-846-7766
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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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