February 27, 2020

Fall Protection Equipment Market Is Growing With a CAGR of 7.6 Percent From 2019 – 2027

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According to a new market research report issued by Credence Research “Global Fall Protection Equipment Market–Growth, Future Prospects and Competitive Analysis, 2019–2027,” the global market for fall protection equipment is set to grow with a CAGR of 7.6 percent over the forecast period from 2019 to 2027, starting at US$ 1.65 billion in 2018.

Market insights

The global market for fall protection equipment is driven by increasing awareness of workplace safety. Along with these factors such as the rapidly growing construction sector, increasing demand for fall protection equipment for recreational activities, increasing importance of fall protection equipment in the industrial, construction and utility sectors are also contributing to the growth of this market. In order to ensure the safety and protection of the working professionals and amateurs, the adoption of fall protection equipment is increasing in various industries. Because the construction sector is one of the workforce’s largest employers, it has the highest demand for fall protection equipment. Therefore, increasing adoption of fall protection equipment based on growing concerns about overall safety is likely to enhance the fall protection equipment market in the near future.

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 large numbers of companies is expected to restrict the market growth.

Based on end-users, during the forecast period, the construction sector is expected to dominate the fall protection equipment market. Workers in the construction industry are often exposed to hazards when working at heights in areas such as scaffolding, building structures, and stairs. It is essential to use fall protection equipment to protect workers from such hazards. Because of the potential this segment holds, the segment of the construction industry is also projected to grow during the forecast period at the highest CAGR. Based on the geography, North America dominates the market for fall protection equipment 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 strict government regulations on workplace safety measures. Asia Pacific, however, is expected to witness the fastest growth in the forecast period. This growth can be attributed to factors such as rapid development of infrastructure, increasing residential and commercial construction activities in countries such as India, Indonesia, Thailand, and China, and increasing investment in various other industries.

Some of the major companies outlined 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, 3 M Fall Protection, Super Anchor, Karam Industries, MECHANICAL SAFETY EQUIPMENT, GF Protection Canada Inc., CORP, among others.

EXECUTIVE SUMMARY

SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Anchors and connectors – Market size and forecast 2018-2023
  • Bodywear – Market size and forecast 2018-2023
  • Devices – Market size and forecast 2018-2023
  • Others – Market size and forecast 2018-2023
  • Market opportunity by product

CUSTOMER LANDSCAPE

GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Americas – Market size and forecast 2018-2023
  • EMEA – Market size and forecast 2018-2023
  • APAC – Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

MARKET TRENDS

VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 3M
  • CRESTO (BERGMAN & BEVING)
  • Honeywell International
  • MSA
  • Petzl
  • Pure Safety Fall Protection

APPENDIX

  • Research methodology
  • List of abbreviations

Browse the full report at https://www.credenceresearch.com/report/fall-protection-equipment-market

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