Industrial Head Protection Market To Hit $3.4 Bn By 2024: Global Market Insights, Inc.
SELBYVILLE, Delaware, Dec. 4, 2017 /PRNewswire-iReach/ -- Europe Industrial Head Protection Market size should surpass USD 800 million by 2024. Favorable regulations by EU commission pertaining to safety helmets requirements and purpose across manufacturing industries should drive regional growth. Strong R&D spending along with new product launch by various companies may fuel product demand.
Safety helmets & hard hats market size should exceed 350 million units by 2024. It has wide application scope in mining, oil refineries, and construction industries. These sectors are prone to high risk from falling heavy objects, collision, moving objects and falls resulting in high chances of head injuries owing to nature of such working environment thereby driving industrial head protection market growth.
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Safety helmet market size from construction application may witness strong gains over the foreseeable timeframe. This sector being highly labor intensive and report maximum fatality rate from head injuries due to falls, electrocutions, caught in or between, and struck by objects requires effective safety measures thereby having positive impact on industry growth. As per OSHA, over 21% of the fatalities occur in construction sector which has led to rise in strict government regulations to lessen or reduce death numbers.
High density polyethylene (HDPE) based industrial head protection market size may witness steady gains up to 4%. It offers high tensile strengthen over other thermoplastic polymers along with easy molding in attractive and practical designs. Positive application outlook in agriculture, chemical, mining, sand blasting oil refineries, welding and sand blasting owing to high tensile strength may fuel industry growth.
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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.
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.
Browse key industry insights spread across 230 pages with 230 market data tables & 20 figures & charts from the report, "Industrial Head Protection Market Share & Forecast, 2017 - 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-head-protection-market
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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