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The fall protection equipment market size is forecast to increase by USD 1.30 billion, at a CAGR of 8.31% between 2023 and 2028. The market growth analysis is influenced by various factors, notably the escalating demand for fall protection equipment within the construction industry. This surge stems from an increased emphasis on workplace safety, driven by stringent enforcement of safety standards. Furthermore, advancements in the oil, gas, power, and mining sectors play a pivotal role in shaping market dynamics. These developments necessitate robust safety measures, including the adoption of cutting-edge fall protection solutions. The construction industry's growing reliance on such equipment underscores its importance in mitigating occupational hazards and ensuring worker well-being. Additionally, the proactive enforcement of safety regulations not only fosters market growth but also underscores the industry's commitment to safeguarding personnel. As these sectors continue to evolve, the demand for innovative fall protection solutions is expected to rise, presenting opportunities for market expansion and technological innovation. Our market report examines historical data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
Furthermore, fall protection equipment is essential in preventing repetitive stress injuries and muscle overuse among workers in industries prone to falls. The market for fall protection equipment is robust in North America, particularly in the US and Canada, due to stringent workplace safety regulations. Additionally, Adolf Wurth GmbH and Co. KG, a key company, offers fall protection equipment such as Fall Protection Systems, Horizontal Lifelines, Roof Walks, Roof Anchors, and Single Point Anchors.
Market Forecast 2024-2028
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The market is pivotal in ensuring employee wellbeing and public safety across various industries and sectors. With a focus on access systems and protective equipment, this market addresses the inherent risks associated with working at heights, in confined spaces, and around tanks, vessels, and sewers. From construction spending to safeguarding religious establishments and public safety infrastructures, fall protection solutions encompass a range of technologies, including personal fall arrest systems, safety net systems, and guardrails. These systems not only mitigate the risks of falls but also enable efficient rescue operations when accidents occur. As governments invest in public transportation initiatives, the demand for robust fall protection equipment continues to grow, ensuring the safety of workers and the public alike in diverse work environments. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Construction sites usually require workers to operate at elevated platforms such as scaffolding, aerial work platforms (AWPs), hoist elevators, and ladders. Construction workers also operate near the edge of an excavated area, elevated walkways, steep roofs, near-wall openings, and working surfaces with cutouts. Thus, construction workers are subject to a fall hazard. As the global construction sector is one of the major employers of the global workforce, it accounts for the majority of demand for fall protection equipment in the global market.
Further, construction activities in the member countries of the Gulf Cooperation Council (GCC) are also expected to increase during the forecast period due to improving GDP growth rates. Moreover, increased investments in the construction sector in African countries are anticipated to generate demand for fall protection equipment during the forecast period.
There is increased participation in professional and adventurous sports, especially among the residents of developed countries. For instance, several vendors and retailers offer customized fall protection kits that include a helmet, body harness, rope, belay device, and carabiners. Similarly, developed and developing countries witness a rapid increase in the number of amusement parks and resorts that organize sports such as rock climbing, rope walking, and zip-lining under professional supervision.
In addition, in July 2021, the Government of Canada announced the easing of US border norms for fully vaccinated travelers to promote tourism and adventure activities. The government plans to promote recreational activities such as skiing, bungee jumping, and white-water rafting, which will support the market in the coming years.
Developed countries such as the US, the UK, Germany, France, and Canada are major markets for PPE, including fall protection equipment. While developing countries do not contribute significantly to the global fall protection equipment market, despite the rapid growth of the residential and commercial construction sectors, utility development in power transmission and telecom, and urban infrastructure. One of the reasons behind the low demand for fall protection equipment in developing countries is the lack of well-developed or well-defined fall safety regulations. Another factor contributing to the low demand for PPE, including fall protection equipment, is poor enforcement of fall protection equipment regulations, especially in countries like Saudi Arabia.
Consequently, the demand for fall protection equipment in developing countries does not increase in proportion to the growth of the end-user industries such as construction and utilities. Another factor that negatively affects the demand for fall protection equipment in developing countries is the continued usage of existing fall protection equipment due to a lack of practices such as routine inspection and testing. Thus, the lack of workplace safety regulations or their poor implementation in developing countries is a major challenge for the global fall protection equipment market.
The anchors and connectors segment will account for a major share of the market's growth during the forecast period.?Fall Protection Equipment refers to safety devices used to prevent workers from sustaining injuries or fatalities due to falls. These injuries can result from repetitive stress and muscle overuse. Equipment includes full body harnesses, chest harnesses, safety nets, body belts, and suspension belts. Anchors, such as lanyards and extenders, are attached to structures like concrete and steel for anchorage. Roof anchors are also available.
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The anchors and connectors segment was valued at USD 929.85 million in 2018. The market is growing due to the construction of tall structures, the need for maintenance and inspections, and industries like transportation, mining, energy and utility, telecom, and rescue services. Workplace safety regulations drive demand for this equipment. These factors are further driving the growth of the anchors and connectors segment during the forecast period.
Based on End-user, the market has been segmented into construction, energy and utilities, oil and gas, and others. The construction segment will account for the largest share of this segment.?The market is experiencing significant growth due to increased regulatory emphasis on workplace safety in various industries. This includes construction, transportation, mining, energy and utility, telecom, and others. Repetitive stress injuries and muscle overuse are common concerns, leading to the widespread use of equipment such as full body harnesses, chest harnesses, safety nets, body belts, and suspension belts. OSHA and similar regulatory bodies have imposed penalties on non-compliant companies, as seen in the Brooklyn Atlantic Yards B2 Residential Tower and Atelier II in Manhattan projects. Full body harnesses, lanyards, and rescue kits are essential components of this market, ensuring the safety of workers in high-risk environments.
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APAC is estimated to contribute 34% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Key components of this equipment include full body harnesses, chest harnesses, safety nets, body belts, and suspension belts. The construction industry's growth in the US, driven by increasing demand for residential buildings and industrial investment, significantly contributes to the market's expansion. Additionally, industries such as transportation, mining, energy and utility, telecom, and rescue services rely on fall protection equipment to ensure worker safety. Equipment like lanyards and full body harnesses are crucial in these sectors to mitigate fall risks. Workplace safety regulations mandate the use of fall protection equipment in various industries, further fueling market growth.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
3M Co., Bergman and Beving AB, County Safety Services Ltd., FallTech, French Creek Production Inc., Frontline, Honeywell International Inc., KARAM group, Kee Safety Systems and Services India Pvt Ltd., KwikSafety, PETZL Distribution, Pure Safety Group Inc., Safe Approach Inc., Super Anchor Safety, Tritech Fall Protection Systems Inc., Uviraj Group, Webb Rite Safety, and Werner Co.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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The market is witnessing significant growth driven by the increasing emphasis on workplace safety across industries such as steel, construction, oil and gas exploration, and telecom. This market offers a wide array of solutions including on body products like full body harnesses and off body products such as skylight guards and guard rails to mitigate the risks associated with working at heights. From soft goods to hard goods, fall protection equipment caters to diverse needs, ensuring the safety of workers in various environments like manufacturing sites and mining sites. With the rise of e-commerce networks, businesses have access to a wide range of products, although concerns exist regarding the proliferation of low-quality and low-cost options. To address these challenges, companies are adopting organic and inorganic growth strategies, innovating to meet evolving safety standards amidst factors like travel restrictions and the growing popularity of activities like ice climbing and mountaineering.
Industry Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.31% |
Market growth 2024-2028 |
USD 1.30 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.51 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 34% |
Key countries |
US, Germany, Japan, France, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., ABS Safety GmbH, Adolf Wurth GmbH and Co. KG, Bergman and Beving AB, County Safety Services Ltd., FallTech, French Creek Production Inc., Frontline, Honeywell International Inc., KARAM group, Kee Safety Systems and Services India Pvt Ltd., KwikSafety, PETZL Distribution, Pure Safety Group Inc., Safe Approach Inc., Super Anchor Safety, Tritech Fall Protection Systems Inc., Uviraj Group, Webb Rite Safety, and Werner Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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