Global Fall Protection Market: Key Highlights
Global Fall Protection Market: Key Market Dynamics
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Global Fall Protection Market: Regional Overview
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 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 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, 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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