Safety Headgear Market to Grow at 4.02% CAGR to 2021
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2021 the safety headgear market report considers revenue generated from the sales of safety headgears at the manufacturer level. This report covers the present scenario and the growth prospects of the global safety headgear market for 2017-2021. --
ReportsnReports.com includes new research report on Global Safety Headgear Market 2017-2021 in its store; the analysts forecast global safety headgear market to grow at a CAGR of 4.02% during the period 2017-2021.
Complete report on safety headgear market spread across 70 pages, analyzing 4 major companies and provides 40 data exhibits is now available at http://www.reportsnreports.com/reports/958238-global-safety-headgear-market-2017-2021.html .
The global safety headgear market is highly competitive, fragmented, and diversified due to the presence of a large number of regional and international vendors on a global level. Vendors are increasingly competing against each other based on factors such as performance, innovation in design and functionality, quality, compliance with key regulations, provision of support services, and cost. To survive and succeed in this intensely competitive environment, vendors are increasingly focusing on distinguishing their product and service offerings through a clear and unique value proposition.
Key players in the global safety headgear market are 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.
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The latest trend gaining momentum in the safety headgear 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.
One of the major drivers for 2017 safety headgear 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.
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The report, Global Safety Headgear Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
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Name: Ritesh Tiwari
Source URL: http://marketersmedia.com/safety-headgear-market-to-grow-at-4-02-cagr-to-2021/186872
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Release ID: 186872
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