Pune, March 28, 2023 (GLOBE NEWSWIRE) -- As per SNS Insider's report, the Safety Helmet Market had a value of USD 2.01 billion in 2022, and it is projected to reach USD 3.15 billion by 2030, with a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.
Market Overview
Safety helmets are an essential piece of personal protective equipment (PPE) that is designed to protect the head from injury in the event of an accident. Helmets are commonly used in industrial settings, construction sites, and other hazardous work environments where the risk of head injury is high. Safety helmets also provide protection against other hazards, such as electrical shock and penetration by sharp objects.
Market Analysis
The safety helmet market is expected to experience a significant increase in revenue growth due to two main factors: the rising number of head injuries in the workplace, and the growing demand for safety helmets in various industries such as mining, building and construction, and manufacturing operations. Moreover, the demand for safety helmets is increasing rapidly in various industries such as mining, building and construction, and manufacturing operations. These industries involve a high level of physical labor and expose workers to potential hazards such as falling objects, electrical hazards, and impacts. As a result, safety helmets have become an indispensable safety measure in such industries to prevent head injuries.
Key Company Profiles Listed in this Report Are:
Delta Plus Group Bullard, Honeywell International Inc., MSA JSP Poison 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 Pyramex, 3M Company, Dragerwerk AG & Co. KGaA, Pyramex Safety Products, LLC.
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Impact of Recession on Safety Helmet Market Growth
The impact of a recession on the safety helmet market can vary depending on the industry and regulatory environment. While a recession may lead to a decrease in demand and sales for safety helmets, it can also create opportunities for innovation and new market opportunities.