Safety Headgear Market

The global safety headgear market is projected to show steady growth in both volume and value from 2022 to 2030, with a forecasted CAGR of +3.7% and +5.3% respectively. Despite a decline in consumption in 2022, the market has shown consistent growth patterns over the past decade. China, Russia, and the United States were the highest consumers in 2022, while Japan, China, and Indonesia led in market value. Production, imports, and exports also saw fluctuations over the years, with China dominating production and exports. Overall, the safety headgear market is expected to see continued growth in the coming years.

Market Forecast

Driven by increasing demand for safety headgear worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market value to $23.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Safety Headgear

In 2022, after two years of growth, there was decline in consumption of safety headgear, when its volume decreased by -0.5% to 789M units. The total consumption volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak volume of 820M units. From 2019 to 2022, the growth of the global consumption remained at a lower figure.

The global safety headgear market revenue contracted to $15.8B in 2022, dropping by -8.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at $19.1B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (149M units), Russia (123M units) and the United States (73M units), with a combined 44% share of global consumption. India, Poland, Brazil, Indonesia, Mexico, Japan, Pakistan, the UK, Ukraine and the Philippines lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +49.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest safety headgear markets worldwide were Japan ($3.6B), China ($1.9B) and Indonesia ($1.2B), with a combined 42% share of the global market. The United States, Mexico, India, Russia, Pakistan, Ukraine, Brazil, the UK, Poland and the Philippines lagged somewhat behind, together comprising a further 23%.

Ukraine, with a CAGR of +47.9%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of safety headgear per capita consumption in 2022 were Russia (852 units per 1000 persons), Poland (833 units per 1000 persons) and Ukraine (310 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +50.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Safety Headgear

In 2022, approx. 778M units of safety headgear were produced worldwide; therefore, remained relatively stable against 2021. The total output volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. Global production peaked at 782M units in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, safety headgear production declined to $15.3B in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26%. Over the period under review, global production attained the maximum level at $19B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

China (295M units) remains the largest safety headgear producing country worldwide, accounting for 38% of total volume. Moreover, safety headgear production in China exceeded the figures recorded by the second-largest producer, Russia (112M units), threefold. India (64M units) ranked third in terms of total production with an 8.2% share.

In China, safety headgear production expanded at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (+25.9% per year) and India (+3.6% per year).

Imports

World Imports of Safety Headgear

In 2022, purchases abroad of safety headgear increased by 5.9% to 246M units, rising for the second consecutive year after four years of decline. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Global imports peaked at 265M units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, safety headgear imports surged to $4.7B in 2022. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports By Country

In 2022, the United States (46M units), followed by Poland (30M units), Ukraine (14M units), the UK (14M units), the Philippines (12M units), Mexico (12M units) and Russia (12M units) were the largest importers of safety headgear, together committing 57% of total imports. Canada (7.1M units), the Czech Republic (7.1M units), Belgium (5.5M units), Brazil (4.8M units), the Netherlands (4.1M units) and Belarus (4M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +55.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($781M) constitutes the largest market for imported safety headgear worldwide, comprising 17% of global imports. The second position in the ranking was held by the Netherlands ($272M), with a 5.8% share of global imports. It was followed by Canada, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +6.1%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+17.2% per year) and Canada (+5.4% per year).

Import Prices By Country

The average safety headgear import price stood at $19 per unit in 2022, with an increase of 8.6% against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($67 per unit), while Belarus ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Safety Headgear

In 2022, global safety headgear exports stood at 236M units, surging by 8.2% on 2021. The total export volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 12%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, safety headgear exports rose significantly to $4.7B in 2022. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

China prevails in exports structure, resulting at 146M units, which was near 62% of total exports in 2022. It was distantly followed by the United States (12M units), generating a 5.2% share of total exports. The following exporters - Turkey (10M units), the Netherlands (10M units), Taiwan (Chinese) (6.9M units), India (5.8M units), Malaysia (4.9M units) and Japan (3.9M units) - together made up 18% of total exports.

From 2012 to 2022, average annual rates of growth with regard to safety headgear exports from China stood at +4.9%. At the same time, Turkey (+39.7%), the Netherlands (+21.5%), Malaysia (+16.2%), India (+5.4%), Japan (+2.4%) and Taiwan (Chinese) (+2.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +39.7% from 2012-2022. By contrast, the United States (-2.3%) illustrated a downward trend over the same period. While the share of China (+4.4 p.p.), Turkey (+4.2 p.p.) and the Netherlands (+3.4 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.9B) remains the largest safety headgear supplier worldwide, comprising 39% of global exports. The second position in the ranking was held by the United States ($261M), with a 5.6% share of global exports. It was followed by Japan, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +10.1%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+6.4% per year) and Japan (+6.4% per year).

Export Prices By Country

In 2022, the average safety headgear export price amounted to $20 per unit, increasing by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2021 when the average export price increased by 15% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($54 per unit), while Turkey ($2.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform