Growing Infrastructure, Commercial and Residential Construction Activities Has Anticipated to Surge the Demand for Fall Protection Market Growth

Fall Protection Market Size, Share, Trends, Growth, Analysis, Research

Global Fall Protection Market: Key Highlights

  • According to the new market research report Fall Protection Market by Type (Hard Goods, Soft Goods, Installed System, Access System, Rescue Kit, Service), by Application (Construction, Oil & Gas, Energy & Utilities, Transportation, Mining, Others), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2019 to 2027)”, the global fall protection market is estimated to reach USD 3.5 Billion by 2027 at a CAGR of around 5.9% during the review period.  
  • Fall protection system is a defensive system used in different end-use industries to protect workers from work hazards
  • Full body harness equipment is highly preferred owing to commonly used in rescue operation and enhanced support
  • Fall elimination, fall prevention, fall arrest, and administration control are four methods of fall protection
  • Fall protection equipment available at low cost is one of the major challenge faced by the market

Fall Protection Market

Global Fall Protection Market: Key Market Dynamics

  • Stringent regulations imposed by government to safeguard the health of workers in hazardous environment has expected to boost fall protection market growth during the forecasted period
  • Increasing fatal injuries and death has resulted in the demand for fall protection in construction activities which in turn has anticipated to boost he market growth 
  • Industrial automation such as 3D printing in construction may hinder the growth of fall protection market during forecasted period

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Global Fall Protection Market: Regional Overview

  • North America

Increasing investment in residential and commercial real estate, and safety government regulations regarding safety measures at workplace are some of the factors anticipated to surge the market in the region. For instance, according to the US Census Bureau, new residential construction completed 1,280,000 buildings in Jan 2020.             Additionally, government bodies such as Occupational Safety and Health Administration (OSHA) and National Safety Council are engaged in ensuring safety of workers by imposing rules and regulations. Thus, owing to these factors, North America is expected to dominate the fall protection market.

  • Asia-Pacific

Asia-Pacific is anticipated to witness the fastest growth in fall protection market during the forecasted period. This is attributed by factors such as rapid infrastructure development, increasing commercial and residential building construction activities in countries such as Thailand, India, China, and Indonesia, and growing investment in various industries. For instance, The High-Speed Rail Linked 3 Airport Project is an infrastructure projects in Thailand which will connect its three international airports and is single largest infrastructure projects in the history.

Global Fall Protection Market: Key Players Overview

  • 3M:

3M is engaged in manufacturing of products such as abrasives, adhesives & tapes, advanced materials, films, filtration and others. The company offers different product range for automotive, construction, transportation, energy, and others. In October 2017, 3M completed acquisition of Scott Safety, a premier manufacturer of safety devices. The product range of Scoot Safety will complement the 3M safety product portfolio.  

  • Pure Safety Group:

Pure Safety Group, is focused on manufacturing fall protection. Guardian Fall Protection, Checkmate, and Stronghold are subsidiaries of the company. The company offers fall protection products for construction, general industry, utility, telecom, and oil & gas. In January 2019, launched the next generation S1 safety harness. It is manufactured with three levels of features for various real life scenario and meet OSHA standards.

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Rep Id : B&C 09

Published : 2020-03-09