LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global construction safety helmets market to grow at a CAGR of over 4% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global construction safety helmets market for 2017-2021. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The global construction safety helmets market will be positively influenced by the robust growth in the construction industry seen in the regions such as the Americas, EMEA, and APAC. The construction industry is prone to several hazards, which make it mandatory for workers to wear construction safety helmets. The workers in the construction industry have to work in extreme temperature conditions, in confined spaces, and hazardous floor areas.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio analysts highlight the following three factors that are contributing to the growth of the global construction safety helmets market:
- Robust growth in construction industry
- Stringent safety regulations
- Increase in commercial spaces
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Robust growth in construction industry
Construction safety helmets are widely used in the construction industry by the workers to avail protection against various hazards in the construction site. The increasing demand for commercial, industrial, and residential spaces will have a direct impact on the demand for construction safety helmets. Construction industries undertake activities that require workers to be equipped with adequate PPE to avoid injuries.
Neelesh Prakash Singh, a lead research analyst at Technavio, says, “The construction industry in APAC is seeing a faster growth than in advanced economies such as the US. In ASEAN countries, there will be an increased spending in the construction industry over the next five years. With strong impetus exhibited by the ASEAN governments to improve the construction industry through the strengthening of infrastructure building and creating a stronger inter-regional collaboration between ASEAN & China, the potential for growth is high.”
Stringent safety regulations
Stringent safety regulations imposed by several regulatory bodies are a driving force in the market. Regulatory bodies such as Occupational Safety and Health Administration (OSHA), The National Institute for Occupational Safety and Health (NIOSH), and Centre for Construction Research and Training (CPWR) make it mandatory across several industries to adhere to safety guidelines; thus, promoting the use of PPE such as construction safety helmets.
“The EU legislation also makes it mandatory for the employers to provide personal protective equipment to the workers to create a safe environment in the workplace. The EU legislation distinguishes between two areas of regulations regarding personal protective equipment. The first directive 89/656/EEC states that the employers are required to select safety helmets and ensure timely maintenance and replacement appropriately,” adds Neelesh.
Increase in commercial spaces
Increase in the number of commercial buildings will be a driving force in the market. The construction of commercial spaces such as offices, warehouses, and malls is on a global rise. The commercial construction industry is expected to show a robust growth during the forecast period driven by rapid industrialization and urbanization in emerging economies such as China, Thailand, Malaysia, and Indonesia.
The Middle East has increased spending on the construction of commercial spaces, institutional buildings, manufacturing plant, and public works. Similarly, foreign investment in the commercial construction sector has significantly increased in India as major US, European, and Japanese companies see the country as a potential market. Countries such as the US, the UK, Germany, Australia, Brazil, Spain, Italy, Canada, and Japan are also investing heavily in non-residential spaces.
Top vendors:
- 3M
- Honeywell
- NAFFCO
- Delta Plus Group
Browse Related Reports:
- Global Lifeguard Rescue Equipment Market 2017-2021
- Global Smart Helmet Market 2017-2021
- Global Fire Probing Tools Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
