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Safety Helmets Market was valued at US$ 4,380.54 million in 2023 and is expected to reach US$ 6,566.58 million by 2031; it is estimated to record a CAGR of 5.2% from 2023 to 2031

Safety Helmets Market

Advanced Technology-Based Safety Helmets to Emerge as Trends During Forecast Period

Building Information Modeling (BIM) allows for the digital representation of a construction project, including safety measures for the workforce. The integration of advanced designs into BIM models enables accurate planning, clash detection, and seamless coordination with other project elements. IoT enables smart safety helmets to reduce risks and neutralize the chances of hazardous situations by offering real-time data from the work location. IoT-enabled safety helmets primarily ensure safe access to intricate details about the project by leveraging infrared sensors. IoT-enabled safety helmets provide insights that help the project management team optimize safety measures to manage challenges. By leveraging IoT-enabled safety, helmets can offer advanced solutions that streamline operations, enhance safety, and improve overall project efficiency. An IoT-driven digital safety helmet keeps the wearer safe in the risky work environment from numerous physical risks and also tracks and records data to handle the complete plant’s workforce productivity. This technological integration not only benefits helmet providers but also contributes to the advancement of the construction industry as a whole. Therefore, the growing digitalization in the construction industry is projected to offer substantial growth prospects for the safety helmets market.

The most important asset in any construction field is its workers. By advancing safety, the workforce can be safeguarded from unforeseeable hazards, owing to which workers’ compensation costs can also be lowered. The construction industry is prone to a series of work-related risks while performing excavation work, working at heights, manual and mechanical handling of work, marine work, ground improvement work by stone column procedure, and lifting of materials using cranes. As a number of projects are in progress and several have been planned worldwide, the demand for safety helmets is rising significantly, as these are among the fundamental tools to ensure worker safety across projects in the construction industry.

Advancements in Mining and Telecom Sectors

As mineral exploration requires the workforce to operate in a challenging environment, the use of safety helmets is mandatory. Governments of several countries are working on mineral exploration projects because it is among the crucial contributors to economic advancements. 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—one of the important rural telecom projects—in India. Therefore, the advancements in mining and telecom sectors drive the safety helmet market growth.

Safety Helmets Market Analysis: Material Overview

Polyethylene safety helmets held the largest market share in 2023 owing to their high tensile strength. These helmets are widely used in construction, agriculture, electric utility, sandblasting, chemical, welding, mining, oil refining industries, nuclear sector, etc. Most of the safety helmets are fabricated from injection-molded polyethylene foams, which are transferred into molds in their liquid forms to confirm high protection for the wearer’s head. However, their interiors often display closed-cell polyethylene for additional protection, safety, and comfort. Polycarbonate helmets are convenient, lightweight, and provide impressive impact resistance, but they may not be as robust, durable, or tolerant to scratches and dents as other alternatives. The major difference between plastic and polycarbonate is that polycarbonates are much lighter but stronger than regular plastic. In addition, polycarbonate blends provide higher impact resistance than conventional plastic blends. As polycarbonate safety helmets are lightweight, they are more comfortable to wear. These safety helmets are usually used in power generation, oil & gas, chemicals, and manufacturing sectors.

Safety helmets are among the prerequisites in diverse work environments, such as mining, construction, oil industry, agriculture, and manufacturing. Their usage is obligatory in various countries to safeguard workforces in areas that are susceptible to falling objects, electric shock, and other challenges, which can result in serious injuries or even death. The most important asset in any construction field is its workers. By advancing safety and inhibiting unwanted hazards, the workforce can be safeguarded, owing to which workers’ compensation costs can also be lowered. The construction industry is prone to a series of work-related risks while performing excavation work, working at heights, manual and mechanical handling of work, marine work, ground improvement work by stone column procedure, and lifting of materials by using cranes. The use of safety helmets is mandatory to prevent workplace accidents.

Safety Helmets Market: Key Players

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 helmets market.

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