Title: Industrial Head Protection Market by Products, Applications & Regional Growth by 2019-2024
1 Industrial Head Protection Market Growth
Outlook with Industry Review and Forecast
2019-2024
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2Global Market Scenario of Industrial Head
Protection Industry
- Low costs and rise in worker efficiency along
with declining incidences of worker injury will
boost the demand for sensors and smart wearables
across the industrial head protection market.
Personal protective equipment manufacturers are
devising new methods to augment the health
quality and safety of workers. - For instance, Scott Safety, a U.S based
manufacturer of PPE and respiratory equipment,
has created firefighting equipment such as PPE
wearable devices as well as sensor-embedded
solutions. Multinational firm Honeywell
International incorporation is producing smart
helmets for the factory workers to improve their
safety as well as efficiency. The aforementioned
factors are expected to create bright growth
prospects for industrial head protection
industry. - Even firms which are not involved in the business
of producing personal protection equipment have
made heavy investments in the production of smart
helmets to explore the growth opportunities
across industrial head protection market. For
instance, a U.S. based augmented reality firm
Daqri has designed wearable devices referred to
as smart helmets, for industrial employees.
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3Continue-
- Industrial Head Protection Market growth is
highly impacted due to mergers acquisitions,
new product launches, and product
differentiations. For instance, in July 2017, MSA
Safety Incorporated, a manufacturer of safety
equipment based in the U.S., declared the
complete acquisition of Globe Holding Company,
LLC, a leading U.S. based manufacturer of
firefighting boots and protective clothes, for
USD 215 million. With this purchase, MSA has
further reinforced its leading position
across PPE (Personal Protective Equipment)
sector in North America. The acquisition has
helped MSA to further enhance its product
portfolio that find applications across the
construction, oil gas, mining, defense, fire
service, and petrochemical sectors, thereby
augmenting the scope of industrial head
protection industry. - Today, construction companies have designed a new
kind of safety helmet to offer protection to the
workers who have sustained fatal head injuries.
The OSHA (Occupational Safety and Health
Administration) has passed legislations that
mandate the use of protective helmets for the
workers at locations where there is a possibility
of sustaining head injuries due to electric shock
impact, burns, and falling or flying objects.
Global Market Insights, Inc., states that
industrial head protection industry, which
generated a revenue of more than USD 2.3 billion
in 2016, is slated to hit a revenue of more than
USD 3.4 billion by 2024.
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5360 Industry Analysis
- Many of the business players have realized the
significant usage of smart sensors and connected
devices across the personal protective equipment
sector. For instance, in the U.S., many PPE
manufacturers are using the data collected from
smart sensors to enhance their operational
efficiency and productivity. Smart PPE can detect
danger signals which can result in a fatal
accident or a head injury, which is expected to
boost the industrial head protection market
revenue over the years ahead. U.S. safety helmet
sector, which will record a CAGR of more than
3.5 over 2017-2024, will heavily influence the
business space over the coming years. Strict
compliance standards set by OSHA regarding worker
safety will impact the product trends across the
region. - Strict legislations enforcing the use of safety
helmets across the manufacturing sector are
speculated to impel the business expansion across
Germany, in turn contributing majorly towards
Europe industrial head protection industry share
over the coming timeframe. A growing number of
construction projects will favorably leverage the
growth map of industrial head protection industry
across China, which is contemplated to make
lucrative contributions of over USD 300 million
towards APAC industrial head protection industry
by 2024. -
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6- Competitive Analysis
- Globally, industrial head protection market share
is fragmented, with huge corporations and SMBs
making substantial contributions toward the
industry size. These participants are
highlighting on key business growth aspects such
as RD activities to manufacture new products and
sustain their position. Some of the major players
involved in industrial head protection industry
include DuPont, The 3M Company, Texas American
Safety Company, and Gateway Safety Incorporation.
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