DUBLIN--(BUSINESS WIRE)--The "Fall Protection Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global fall protection equipment market size reached US$ 2.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 3.6 Billion by 2027, exhibiting a CAGR of 6.99% during 2021-2027.
Companies Mentioned
- 3M Company
- ABS Safety
- Bergman & Beving AB
- Carl Stahl GmbH
- FallTech
- Honeywell International Inc.
- Kee Safety Inc.
- MSA Safety Incorporated
- Petzl
- Pure Safety Group Inc.
- SKYLOTEC GmbH
- W. W. Grainger Inc. and Werner Co. (Triton)
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Fall protection equipment refers to various products and equipment that are used for preventing industrial workers from injuries when working at heights. Some of the commonly used fall protection equipment includes on-body and off-body products. On-body products, such as safety nets, body belts, connecting devices, suspension belts and full body and chest harnesses, are primarily attached to or worn on the body to arrest falls.
On the other hand, off-body products, such as skylight guards and guard rails, are installed on a physical structure to prevent the worker from falling. These products find extensive applications across various industries, including construction, mining, transportation, utilities and telecommunication.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. In line with this, owing to the lack of appropriate safety measures at various manufacturing, mining and other industrial sites, there is an increasing occurrence of occupational hazards. This has resulted in the widespread adoption of fall protection equipment to preserve valuable human resources.
Furthermore, significant growth in the construction industry is also providing a boost to the market growth. Construction sites require workers to operate at elevated platforms, walkways, steep roofs, wall openings and edges of excavated areas and are highly susceptible to fall.
Hence, the workers are usually secured with the appropriate fall protection equipment to prevent any accidents. Other factors, including the development of protection equipment for recreational activities, such as rock climbing, zip-lining, ice climbing, mountaineering and bungee jumping, along with the implementation of stringent government policies promoting occupational safety and health standards, are projected to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global fall protection equipment market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and end-use industry.
Breakup by Product Type:
- Harness
- Lanyard
- Self-Retracting Lifeline
- Belt
- Rope
- Others
Breakup by End-Use Industry:
- Construction
- Telecom
- Energy and Utility
- Transportation
- Mining
- Marine
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in This Report:
- How has the global fall protection equipment market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global fall protection equipment market?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end-use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global fall protection equipment market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/1dyfkm
