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According to a new market research report published by Credence Research “Global Fall Protection Equipment Market – Growth, Future Prospects, and Competitive Analysis, 2019 - 2027”, the overall fall protection equipment market worldwide is set to grow with a CAGR of 7.6% during the forecast period from 2019 to 2027, starting from US$ 1.65 Bn in 2018.Market Insights
The global fall protection equipment market is highly driven by increasing awareness regarding safety at workplaces. Along with this factors such as rapidly growing construction sector, growing demand of fall protection equipment for recreational activities, increasing the importance of fall protection equipment in industrial, construction, and utility sectors are also contributing to the growth of this market. In order to ensure the safety and protection of the professionals and amateurs working, the adoption of fall protection equipment is increasing in various industries. As the construction sector is one of the largest employers of the workforce, it has the highest demand of fall protection equipment. Thus, increasing adoption of fall protection equipment based on growing concerns about overall safety are likely to enhance the market for fall protection equipment in the near future.
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Report Scope by Segments
By Type Segment (2017–2027; US$ Bn)
Full Body Harness
Chest Harness
Safety Nets
Body Belts
Suspension Belts
Self-Retracting Lifelines
Vertical lifelines
Horizontal Lifelines
By End-User Segment (2017–2027; US$ Bn)
Construction Sector
Telecom and other Industrial Sector
Energy and Utility Sector
Transportation Sector
Mining
Marine and Shipbuilding
However, the presence of low quality and inexpensive products, increasing automation in end-use industries, and fragmentation and price competition due to the presence of a large number of companies is expected to restrain the growth of the market.
Based on end-user, the construction sector is expected to dominate the fall protection equipment market in during the forecast period. Workers in the construction industry are often exposed to dangers when working at heights in areas, such as scaffolds, building structures, and stairs. In order to protect workers from such hazards, it is essential to use fall protection equipment. Due to the potential that this segment holds, construction industry segment is also projected to grow at the highest CAGR during the forecast period. Based on the geography, North America dominates the fall protection equipment market followed by Europe during the forecast period. This high market share is attributed to factors such as increasing investment in residential and commercial real estate, and stringent government regulations regarding safety measures at workplaces. However, Asia Pacific is anticipated to witness the fastest growth during the forecast period. This growth can be attributed to factors such as rapid infrastructure development, increasing residential & commercial building construction activities in countries, such as India, Indonesia, Thailand, and China, and growing investments in various other industries.
Some of the major companies profiled in the report 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., CORP, among others.
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ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
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Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Fall Protection Equipment Market Revenue and Growth, 2015 – 2025, (US$ Mn) (%)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Fall Protection Equipment Market Analysis, by Type
4.1 Overview
4.2 Full Body Harness
4.3 Chest Harness
4.4 Safety Nets
4.5 Body Belts
4.6 Suspension Belts
4.6.1 Self-Retracting Lifelines
4.6.2 Vertical lifelines
4.6.3 Horizontal Lifelines
Chapter 5 Global Fall Protection Equipment Market Analysis, By End User
5.1 Overview
5.2 Construction Sector
5.3 Telecom and other Industrial Sector
5.4 Energy and Utility Sector
5.5 Transportation Sector
5.6 Mining
5.7 Marine and Shipbuilding
Chapter 6 North America Fall Protection Equipment Market Analysis
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Chapter 7 Europe Fall Protection Equipment Market Analysis
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Chapter 8 Asia Pacific Fall Protection Equipment Market Analysis
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Chapter 9 Rest of the World (RoW) Fall Protection Equipment Market Analysis
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Chapter 10 Company Profiles
10.1 Honeywell International Inc.
10.2 Simplified Safety
10.3 Uvex Safety Group
10.4 Guardian Fall Protection
10.5 Eurosafe Solutions
10.6 Capital Safety
10.7 ABS Safety
10.8 Gravitec System
10.9 French Creek Production
10.10 3M Fall Protection
10.11 GO GF Protection Canada Inc.
................toc continued
Key questions answered in this report
What was the market size of fall protection equipment in 2018 and forecast up to 2027?
Which is the largest regional market for full-body harness segment?
What are the major trends followed in 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 in market?
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Related Published Report by Credence Research:
Face Protection Equipment Market- Growth, Future Prospects And Competitive Analysis 2017 – 2025
Medium: Fall Protection Equipment Market: North America dominates the followed by Europe during the forecast period
Blog: Credence Turbine on Fall Protection Equipment Market
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