Global Safety Headgear Market 2017-2021
About Safety Headgear
Safety headgears are a prominent component of personal protective equipment (PPE). Safety headgears protect against injuries to the head. Safety headgear must be worn by people who are exposed to the risk of falling or fixed objects or people who may come into contact with electrical hazards.
Technavio’s analysts forecast the global safety headgear market to grow at a CAGR of 4.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global safety headgear market for 2017-2021. To calculate the market size, the report considers revenue generated from the sales of safety headgears at the manufacturer level.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Safety Headgear Market 2017-2021
Technavio recognizes the following companies as the key players in the global safety headgear market: 3M, MSA Safety, BAE Systems, and Honeywell International.
Other Prominent Vendors in the market are: Drägerwerk, Kimberly-Clark, Ops-Core, Grolls, ArmorSource, MKU, ELMON, unival, and Argun.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is adoption of smart textiles and advanced technologies. The adoption of smart textiles not only improves comfort but also helps the armed forces withstand the harshest of environmental conditions. Smart textiles that are integrated with electronics and nanotechnology will help the armed forces in combat situations. Smart textile-based materials are equipped with nanotechnology and electronics, which plays a major role in the development of high-tech military equipment such as headgears.”
According to the report, one of the major drivers for this market is increase in defense expenses. The defense expenses of regions such as APAC, the Americas, Western Europe, and ROW are on the rise. Each country determines its military and defense expenses based on the political and social environment. In 2015, the Government of the US allocated over $500 billion on defense spending. Other countries with substantial budgets for defense China, Saudi Arabia, Russia, the UK, India, France, and Japan.
Further, the report states that one of the major factors hindering the growth of this market is concerns over reuse of disposable safety headgears. Most end-users are price-sensitive, which impacts the selection and purchase of PPE. Although an increasing number of end-users are focusing on quality products, the consumption of low-cost products with limited quality is still substantial. Most low-cost products that are available in the market come with limited information on usage, storage, and maintenance, which leads to the reuse of unfit equipment.
3M, MSA Safety, BAE Systems, Honeywell International, Drägerwerk, Kimberly-Clark, Ops-Core, Grolls, ArmorSource, MKU, ELMON, unival, and Argun.