Fall Protection Equipment Market By Type (Full Body Harness, Chest Harness, Safety Nets, Body Belts, Suspension Belts), By End User (Construction Sector, Telecom And Other Industrial Sector, Energy And Utility Sector, Transportation Sector, Mining, Marine And Shipbuilding) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Stringent Government Regulations Regarding Safety at Work Places Are the Primary Factor Fueling the Growth of the Fall Protection Equipment Market.

Globally, the fall protection equipment market is expected to grow at a CAGR of 7.2% during the forecast period from 2019 to 2027, starting from US$ 1.65 Bn in 2018. The fall protection equipment market is growing at a significant pace based on various factors such as increasing awareness regarding industrial safety, growing demand for fall protection equipment for recreational activities, growing utilization of fall protection equipment in the construction, industrial, and utility sectors, and stringent government regulations pertaining to safety in various industries. The use of fall protection equipment in these industrial sectors ensures the safety and protection of amateurs and professionals. Globally, as the construction sector is one of the largest employers of the workforce, it accounts for the majority of demand for fall protection equipment. Thus, rising concerns about overall safety and the growing fleet size of emergency services will contribute to the growth of the fall protection equipment market in the near future. However, increasing automation in end-use industries, the presence of low-quality and inexpensive products, and fragmentation and price competition due to the presence of a large number of companies are expected to restrain the growth of the market.

Market Synopsis

The full-body harness segment dominates the overall market for fall protection equipment.

In 2018, the full-body harness segment led the market by contributing the maximum market share in the global fall protection equipment market and is expected to grow at a CAGR of 10%. This high growth of the full-body harness segment is mainly attributed to the better support provided by these products in height rescue operations. Full-body outfits provide improved help and are considered to be the most regularly utilized products as a part of surgical operations. Apart from this, full-body harness equipment, including products such as chest saddles, body belts, suspension belts, full-body bridles, and security nets, among others, show steady growth based on their adoption.

Asia Pacific to Register the Fastest Growth

During the forecast period, North America dominates the fall protection equipment market, followed by Europe. Factors such as increasing investment in residential and commercial real estate in the US and government regulations regarding safety measures at workplaces are primary factors attributed to the high market share of North America.

Furthermore, the residential construction sector in Europe has received a boost due to sustained economic growth, an improvement in the employment rate, and growing demand for residences from refugees and migrants. However, Asia Pacific is anticipated to witness the fastest growth over the forecast period. The high growth of this region can be attributed to factors such as rapid infrastructure development, increasing residential and commercial building construction activities in countries such as India, Thailand, Indonesia, and China, and growing investments in various other industries.

Some of the prominent players operating in the fall protection equipment market include Honeywell International Inc., Uvex Safety Group, Simplified Safety, Guardian Fall Protection, Capital Safety, Eurosafe Solutions, ABS Safety, French Creek Production, Gravitec System, FallTech, DBI-SALA, 3M Fall Protection, Super Anchor, Karam Industries, Mechanical Safety Equipment, GF Protection Canada Inc., and Corp., among others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The fall protection equipment market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global fall protection equipment market based on type, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of fall protection equipment in 2018 and the forecast up to 2027?
  • Which is the largest regional market for the full-body harness segment?
  • What are the major trends followed in the fall protection equipment market across different regions?
  • Who are the key fall protection equipment companies leading the market?
  • What are the key strategies adopted by the leading fall protection equipment companies on the market?

Unique data points of this report

  • Statistics on fall protection equipment penetration and spending worldwide
  • Recent trends across different regions in terms of the adoption of fall protection equipment in various sectors
  • Notable developments are going on in the fall protection equipment industry.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Question:

The market for Fall Protection Equipment Market is expected to reach USD$ XX in 2027.

The Fall Protection Equipment Market is expected to see significant CAGR growth over the coming years, at 7.2%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Uvex Safety Group, Simplified Safety, Guardian Fall Protection, Capital Safety, Eurosafe Solutions, ABS Safety. are some of the major players in the global market.

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Published Date:  Jul 2019
Category:  Building & Construction
Report ID:   59764
Report Format:   PDF
Pages:   120
Rating:    4.5 (56)
Delivery Time: 24 Hours to 48 Hours   
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