The Global Construction Wearables Market Size is valued at 4.73 billion in 2023 and is predicted to reach 9.09 billion by the year 2031 at an 8.56% CAGR during the forecast period for 2024-2031.
The construction sector is increasingly embracing new technologies, and we are witnessing a shift as more construction firms adopt Industry 4.0 principles and integrate connected devices into their work processes. Within this digital revolution, wearable technology has emerged as a particularly intriguing and well-received component. As the demand for advanced technological solutions and the need to reduce accidents on construction sites continues to grow, the market for smart construction wearables is expected to develop further.
There has been a tremendous rise in research and development spending aimed at enhancing wearable construction technology. Additionally, prominent devices in this field include augmented reality (AR) glasses, smartwatches, boots, helmets, and vests. These devices incorporate sensors and smart technologies capable of monitoring vital signs and providing insights or warnings when fatigue or over-exertion is detected.
Moreover, the increased research and development investment in improving construction wearables will present lucrative opportunities for market players in the forecast period. However, workplace safety regulations vary from one nation to another, with some countries implementing stringent standards and vigilant monitoring to ensure accountability among market players. Besides, the lack of standardized regulations governing construction wearables and inadequate regulatory frameworks in certain nations may challenge the market's growth.
Competitive Landscape:
Some of the major key players in the Construction Wearables market are:
- Behr Tech
- Aleksey
- GuardHat
- Intellinium
- Kenzen
- Modjoul
- Qoowear
- Reactec
- RealWear
- Retenua
Market Segmentation:
The construction wearables market is segmented based on product and application. Based on product, the construction wearables market is segmented as watches, helmets, body vests, boots, glasses, exoskeletons, etc. The construction wearables market is segmented by application into residential, industrial, commercial, infrastructural and others.
Based On Product, Helmets Are A Major Contributor To The Construction Wearables Market
The helmets category will hold a major share of the global Construction Wearables market in 2024. Helmets are the most frequently used construction wearables in the workplace because they protect the head. Taking precautions to avoid accidents is crucial because head injuries can have serious repercussions. According to research, a sizable portion of accidents on construction sites are caused by falling debris.
Helmets offer defense from flying items, road debris, precipitation, and electric shock. High-density polyethylene (HDPE) or Ultimo is the material of which hard hats and helmets for the construction sector are primarily constructed. Most head injuries can be avoided or less severely impacted by wearing the right helmets. The rise of smart helmets has created new opportunities for the creation of wearables for the construction industry. These intelligent helmets are made to improve site planning capabilities and safety.
The Construction Segment Witnessed Growth At A Rapid Rate
The construction segment is projected to grow rapidly in the global Construction Wearables market. Construction projects designed for business purposes rather than personal usage are called commercial construction, commonly known as commercial real estate. Businesses may own, lease, or rent these facilities. E Commercial real estate is important for economic development because it helps build a strong network of connected parks, gardens, and office buildings, promoting economic growth. These commercial locations encourage investment, help with job creation, raise income levels, and generally encourage demand, consumption, and economic expansion. The expansion of this sector in the worldwide construction gear market will be driven by the rising investments in infrastructure for the development of commercial spaces by both private and public entities to attract foreign direct investment (FDI).
The North America Construction Wearables Market Holds A Significant Regional Revenue Share
The North America Construction Wearables market is expected to register the highest market share. The rising focus on safety standards to prevent accidents and technological advancements for improved site predictions and measurements have significantly increased regional demand. Additionally, the presence of a plentiful supply of construction materials and skilled workers capable of implementing and utilizing these technologically advanced products is driving the penetration of such products in the region.
In addition, Asia Pacific is projected to grow rapidly in the global Construction Wearables market. Large-scale infrastructure projects and the growing adoption of technologically enhanced products will fuel regional demand. In the coming years, major revenue generators in this industry are expected to be China, South Korea, India, and Singapore. Furthermore, the availability of locally manufactured products such as helmets, AR glasses, and vests will contribute to the expansion of the construction wearables industry in this region.
Construction Wearables Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 4.73 Bn |
|
Revenue forecast in 2031 |
USD 9.09 Bn |
|
Growth rate CAGR |
CAGR of 8.56% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Product, Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Behr Tech, Aleksey, Guard Hat, Interlingua, Kenzen, Modulus, Qoree, Reacted, RealWear and Retinue. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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