Safety Headgear Market - Global Forecasts Based on End-User and Opportunity Assessment by Technavio

Technavio has published a new report on the global safety headgear market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--According to the latest market study released by Technavio, the global safety headgear market is expected to grow at a CAGR of more than 4% through 2021.

This research report titled ‘Global Safety Headgear Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Safety headgears are a prominent component of personal protective equipment (PPE). These products protect against injuries to the head of the wearer. Safety headgears are used for protection from potentially hazardous elements, which range from airborne flying particles, ballistic threats, and fragments.

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Technavio analysts categorize the global safety headgear market into four major segments by end-user. They are:

  • Military and law enforcement
  • Oil and gas
  • Construction
  • Others

The top three segments based on end-users for the global safety headgear market are discussed below:

Global safety headgear market for military and law enforcement

Expenditure on military and defense reflects the economic stability of a country. The US is a leading country in terms of defense and military expenditure. In APAC, countries like China are increasing their defense expenses due to the growth of external threats. The Government of China is increasing expenditure on newer technologies.

According to Sarah Haque, a lead power research analyst from Technavio, “In countries like the UK, defense expense shows a downward trend due to the importance given to economic goals over defense and military expenses. The growing number of terrorist activities across regions will drive demand from law enforcement as most injuries happen due to mortar shrapnel, fragments from explosions, and other airborne particles.”

Global safety headgear market for construction

In developing markets, construction is likely to keep growing at a much quicker rate when compared with developed markets. Developing markets accounted for more than half of the global construction market. Construction businesses in the Middle East and Africa are expected to grow fast during the forecast period, providing tough competition to APAC,” says Sarah.

Global safety headgear market for oil and gas end-users

The oil and gas industry has several occupational hazards, which necessitate the use of various types of PPE such as safety headgears. 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.

In 2014, in Saudi Arabia, the oil and gas industry accounted for over 75% of the country's budgeted revenue. In the last five years, it was the fastest growing country among all G20 countries where the gross domestic product (GDP) was over 4%.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • 3M
  • MSA Safety
  • BAE Systems
  • Honeywell International

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global safety headgear market is expected to grow at a CAGR of more than 4% through 2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com