India Safety Helmets Market Size & Outlook, 2022-2030
India safety helmets market, 2018-2030 (US$M)
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India safety helmets market highlights
- The India safety helmets market generated a revenue of USD 50.0 million in 2022 and is expected to reach USD 108.0 million by 2030.
- The India market is expected to grow at a CAGR of 10.1% from 2023 to 2030.
- In terms of segment, polyethylene was the largest revenue generating material in 2022.
- Acrylonitrile Butadiene Styrene is the most lucrative material segment registering the fastest growth during the forecast period.
Safety helmets market data book summary
| Market revenue in 2022 | USD 50.0 million |
| Market revenue in 2030 | USD 108.0 million |
| Growth rate | 10.1% (CAGR from 2022 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Acrylonitrile Butadiene Styrene |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Acrylonitrile Butadiene Styrene, Polycarbonate |
| Key market players worldwide | Honeywell International Inc, 3M Co, MSA Safety Inc, JSP Corp, Delta Plus Group S.A., Bullard, Draegerwerk AG & Co KGaA, uvex group |
Other key industry trends
- In terms of revenue, India accounted for 1.2% of the global safety helmets market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China safety helmets market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 108.0 million by 2030.
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Safety Helmets Market Scope
Safety Helmets Market Companies
| Name | Profile | # Employees | HQ | Website |
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India safety helmets market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to safety helmets market will help companies and investors design strategic landscapes.
Polyethylene was the largest segment with a revenue share of 72.4% in 2022. Horizon Databook has segmented the India safety helmets market based on polyethylene, acrylonitrile butadiene styrene, polycarbonate covering the revenue growth of each sub-segment from 2018 to 2030.
According to the ADB, India's GDP decreased by 8% in 2020 due to the severe impact of the pandemic. As per the United Nations, India's GDP is expected to increase by 7.5% in 2021; however, it seems highly improbable given the nation is experiencing the second wave of COVID-19, which is much more severe than the first.
Vaccines are being distributed insufficiently, putting a damper on the economic recovery. As the nation continues to carry out its immunization program amid the lockdown, India is anticipated to reach pre-pandemic levels by 2022-2023, signifying a slight recovery for the economy.
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Horizon Databook provides a detailed overview of country-level data and insights on the India safety helmets market , including forecasts for subscribers. This country databook contains high-level insights into India safety helmets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India safety helmets market size, by material, 2018-2030 (US$M)
India Safety Helmets Market Outlook Share, 2022 & 2030 (US$M)
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