Head Protection Equipment Market to Reach USD 8.4 Billion by 2034 Amid Rising Participation in Rock Climbing and Mountain Biking

10 June 2024

According to Future Market Insights, Inc. the global head protection equipment market is set to reach USD 6 billion in 2024. The market is anticipated to witness a CAGR of 3.3% in the assessment period and attain a value of USD 8.4 billion by 2034.

Increasing number of people engaging in leisure activities across the globe is expected to surge the focus on safety. The growing popularity of extreme sports and adventure travel is set to drive demand for specialized helmets.

Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-19683

Through 2034, it is anticipated that the popularity of mountain biking, rock climbing, and white-water rafting will soar, boosting demand for helmets. Sales of head protection devices will probably be propelled by stringent industry standards and regulations.

Growing public awareness of the risks associated with sports-related concussions is another important driver of the sector. The long-term implications of head injuries are becoming more widely recognized among athletes and parents of teenagers.

Rising media coverage and social media campaigns are affecting consumer purchase decisions and behavior in relation to head protection. Innovative hard hats are sought after by soccer and equestrian riding enthusiasts to guard against catastrophic head injuries.

A growing number of people are adopting a preventive approach to healthcare. Millennials are more concerned with adopting preventative methods to prevent serious injuries in the first place. As a result, parents of children learning to ride bikes are becoming more and more in demand for safety helmets. Seniors who are at a higher risk of falling are also expected to use this equipment.

It is projected that through 2034, technological improvements will have a favorable influence on the functionality and design of head protection equipment. Globally, the discipline of materials science is constantly undergoing innovation. It is, hence, expected that the industry will open up new doors for helmet designers to produce better models.

Key Takeaways from the Head Protection Equipment Market Report:

The global head protection equipment industry witnessed a CAGR of 5.1% in the historical period 2019 to 2023.
Tie 1 players in the industry, like 3M, Honeywell International, and MSA Safety Incorporated, hold around 40% of the share.
The United States is anticipated to witness a CAGR of 3.6% in the forecast period.
By product type, hard hats are anticipated to dominate the sector by holding a share of 47% in 2023.
In terms of the end-use industry, the construction segment will likely hold a share of 42% by 2023.
"It is projected that mandatory helmet rules for certain activities, such as motorcycling and cycling, will present new growth prospects for key companies. Government organizations around the world have put in place stringent regulations requiring two-wheeler riders to wear helmets," says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape

Regional companies that are well-established in the rapidly expanding head protection equipment sector are concentrating on broadening their current product lines. To create cutting-edge products, these businesses continually spend on research and development. A few firms are releasing safety goods for kids in addition to adults.

It is anticipated that merger and acquisition activity in the head protection equipment market will open up new growth avenues. Key corporations are working to partner with small-scale manufacturers who have highly skilled labor to co-develop novel materials for helmet production. Further estimates of the sector's potential for geographic expansion and regional growth indicate that this will foster an atmosphere that is advantageous for important businesses.

For instance,

Steelbird Baby Toys, an Indian company, introduced new children's helmets in April 2024 to improve safety when skating and riding. The company, which is a division of Steelbird Hi-tech India, is concentrated on broadening its market share in the infant toy sector.

Purchase now and gain full access to the Head Protection Equipment Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.
Get Detailed Insights into the Head Protection Equipment Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global head protection equipment market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented based on product type, end-use industry, and region.

About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI's Extensive Coverage in the Industrial Automation Domain:

Safety Valve Industry Analysis by Stainless Steel Safety Valves and Cryogenic Safety Values for Forecast Period 2023 to 2033. – Review and Request to Access the Sample Report.
Industrial Safety Footwear Market Analysis by Leather, Rubber, Plastic, and Waterproof Materials for 2023 to 2033. - Review and Request to Access the Sample Report.
Industrial Safety Gloves Market By Product Type, End-user & Region - Forecast 2017 – 2026. - Review and Request to Access the Sample Report.
Safety Relays Market Analysis by Electromagnetic Safety Relays and Solid-state Safety Relays through 2033. - Review and Request to Access the Sample Report.
Land Survey Equipment Market Analysis by GNSS System and 3D Laser through 2034. - Review and Request to Access the Sample Report.
Search and Rescue Equipment (SAR) Market Analysis by Marine and Land Platforms through 2034. - Review and Request to Access the Sample Report.
Inflatable Tent Market Analysis by PVC and Poly-cotton Materials through 2034. - Review and Request to Access the Sample Report.
Variable Air Volume System Market Analysis by Single Zone VAV and Multiple Zone VAV through 2034. - Review and Request to Access the Sample Report.
KSA Commercial Food Service Equipment Industry Analysis by Cooking and Food Preparation Equipment through 2034. - Review and Request to Access the Sample Report.
Test and Measurement Equipment Market Analysis by General Purpose Test Equipment and Mechanical Test Equipment through 2034. - Review and Request to Access the Sample Report.
North America Medium Voltage Transformer Industry Analysis by Dry and Oil Immersed Types through 2034. - Review and Request to Access the Sample Report.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com

 

Source: prnewswire.com