According to Technavio’s latest market research study, the global safety headgear market is expected to grow at a CAGR of more than 4% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global safety headgear market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product type segments are discussed below:
Global safety headgear market for military and law enforcement: Expenditure on military and defense is a reflection of the economic stability of a country. Governments of countries such as the US and China are rapidly increasing their military expenditure, which is spurring a surge in demand for safety headgear from the military and law enforcement segment.
“The growing number of terrorist activities across regions is expected to fuel the growth of the global safety headgear market for law enforcement as most injuries happen due to mortar shrapnel, fragments from explosions, and other airborne particles,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on power.
Global safety headgear market for construction: The growth of the global safety headgear market for construction is likely to growing at a faster pace in developing markets compared with developed markets. Qatar, Saudi Arabia, and the UAE currently account for a majority of the demand for safety headgear from the construction segment. Investments from emerging APAC countries such as India and China are expected to foster the adoption of safety headgear in construction sector during the forecast period.
Global safety headgear market for oil and gas end-users: Demand for safety headgears over the next four years is likely to be driven by the increase in oil production and supply. Safety headgears that are designed for the oil and gas industry protect users against hazards such as molten metal, liquid chemicals, acids, chemical gasses and vapors, and flying particles. Nordic countries such as Iceland, Finland, Norway, Denmark, and Sweden are projected to experience a significant rise in the demand for safety headgears from the oil and gas sector in the coming years.
The top vendors operating in the global safety headgear market are:
- 3M
- MSA Safety
- BAE Systems
- Honeywell International
Other prominent vendors in the market include Drägerwerk, Kimberly-Clark, Ops-Core, Grolls, ArmorSource, MKU, ELMON, unival, and Argun.
A more detailed analysis is available in the Technavio report titled, ‘Global Safety Headgear Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Electrical Protective Equipment Market 2017-2021
- Global Navigation Lighting Market 2017-2021
- Global Traffic Safety Equipment Market 2017-2021
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