U.S. safety helmet market size may witness significant gains at over 3.5%. Increasing workplace mortality rate along with presence of substantial number of manufacturers in this region should promote product demand.

Sellbyville, DE -- (SBWire) -- 05/06/2019 --The rise in the launch of technologically advanced wearable equipment is expected to stimulate industrial head protection market trends in the ensuing years. The ILO (International Labor Organization) reports that every year over 2.3 million deaths are caused due to workplace accidents.

Safety is a buzzword for those working in oil rigs, mines, and wind turbines, as they are required to mandatorily use wearable instruments such as helmets, bump caps, and hard hats. Helmets or hard hats connected via smart phones help in alerting workers about the occupational risks, thereby creating a great demand for wearable technology across various PPE sector.

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SmartCap Technologies, an Australian firm producing headwear such as caps, beanies, and hard hats, had introduced SmartCap that resembles a baseball cap. This product helps in portraying significant information about the workers to the supervisors via screens. Metal & mining multinational firms such as Rio Tinto Group have been using these caps to avoid workplace mishaps through measurement of fatigue level of truck drivers. Such new product launches, which ensure worker safety, are anticipated to spur industrial head protection industry size over the coming years.

Way back in 2015, Honeywell Industrial Safety, a part of Honeywell International Incorporation, had worked with Intel Corporation, a semiconductor manufacturing firm located in the U.S., to develop wearable IoT connected safety devices such as Connected Worker for first responders as well as factory workers. In May 2017, Honeywell again launched a new connected worker solution named as Honeywell SoteraTM to increase the efficiency and ensure safety of the factory workers.

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The new product, which facilitates two-way communication, will help the firms reduce downtime as well as administrative costs while ensuring the safety at the workplace through close monitoring of the factory workers. This has further added to Honeywell's product portfolio expansion and is expected to succor the growth of industrial head protection industry.

In one of the key acquisitions that took place across the industrial head protection market in 2015, The 3M Company had purchased Capital Safety, a U.S. based firm manufacturing rescue and fall protection equipment, for USD 2.5 billion from an equity company named as KKR. The acquisition will not only assist 3M in expanding its PPE production capacity, but will also help in fulfilling the business requirements of the end-users.

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Industrial head protection market is highly competitive with most of the industry players introducing new products to ensure worker safety along with the establishment of their brand presence. The business is largely dominated by U.S. manufacturers with Honeywell Industrial Safety, MSA Safety Incorporated, The 3M Company, DuPont, and Gateway Safety Incorporation contributing substantially towards industrial head protection industry share. Undoubtedly, the business stands to generate huge revenues from various end-use sectors across the world. On this basis, Global Market Insights, Inc., claims that industrial head protection industry is projected to hit a revenue of over USD 3.4 billion by 2024.