Helmet Market : Industry Insights , Major Key Players and Current Trends Analysis

The market growth is majorly driven by increasing incidences of road accidents across the globe. As per World Health Organization report of 2019, every year 1.35 million people are killed on roadways around the globe. Also, Road traffic injuries are assessed to be the 8th leading cause of death. Further, as per the Government data in 2017, almost 1.5 lakh people lost their lives in road accidents which means, every hour around 17 people die on the road due to an accident. Additionally, expanding purchasing power of the individuals, rising number of riders are further ministering the demand for helmets. Moreover, booming construction sector and surging number of injuries in the sector are powering the adoption of industrial helmet.

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Furthermore, enactment of stringent regulatory norms regarding rider’s safety as well as workers protection further enhance the adoption of helmets. Furthermore, increasing focus workers safety in numerous industries including mining, and oil & gas is further likely to augment the demand for industrial safety helmets over the forecast period. However, volatility in raw material prices is expected to hamper the market growth. On the other hand, rising establishment of manufacturing industries in developing countries represents significant growth prospects for helmet market. However, fluctuations in raw material prices impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Helmet market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing incidence of road accidents and strict governmental regulations. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising population and growing urbanization would create lucrative growth prospects for the Helmet market across Asia-Pacific region.

Major market player included in this report are:
3M Company
Honeywell International, Inc.
UVEX Safety Group Gmbh
Hengshui Kai Yuan FRP Products Co.
MSA Company
Polison Corporation
Gateway Safety, Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Bike Helmets
Sports Helmets
Industrial Helmets
By Application:
Sport & Recreational Activities
Dangerous Work & Industrial Activities

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Helmet Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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