Fall Protection Equipment Market by Product and Geography - Forecast and Analysis 2022-2026
- Published: Mar 2022
- Pages: 120
- SKU: IRTNTR40553
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The fall protection equipment market share is expected to increase by USD 715.23 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.62%.
The fall protection equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The fall protection equipment market report also offers information on several market vendors, including 3M Co., Bergman and Beving AB, Carl Stahl GmbH, FallTech, Honeywell International Inc., MSA Safety Inc., PETZL Distribution, Pure Safety Group Inc., and Werner Co. among others. Furthermore, this report extensively covers fall protection equipment market segmentation by product (anchors and connectors, bodywear, devices, and others) and geography (North America, Europe, APAC, South America, and MEA).
What will the Fall Protection Equipment Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Fall Protection Equipment Market Size for the Forecast Period and Other Important Statistics
Parent Market Analysis
Technavio categorizes the global fall protection equipment market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fall protection equipment market during the forecast period.
Who are the Major Fall Protection Equipment Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 3M Co.
- Bergman and Beving AB
- Carl Stahl GmbH
- FallTech
- Honeywell International Inc.
- MSA Safety Inc.
- PETZL Distribution
- Pure Safety Group Inc.
- Werner Co.
This statistical study of the fall protection equipment market encompasses successful business strategies deployed by the key vendors. The fall protection equipment market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.
Product Insights and News
- 3M Corp. - The company offers fall protection equipment such as body belts, carabiners, lanyards, tripods, tool fall protection, fall protection kits, and lifelines.
- 3M Corp. - In December 202, the company partnered with eMurmur.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The fall protection equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Fall Protection Equipment Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for fall protection equipment from the construction industry is notably driving the fall protection equipment market growth, although factors such as lack of workplace safety regulations or their poor implementation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fall protection equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Fall Protection Equipment Market Driver
One of the key factors driving the global fall protection equipment market growth is the increasing demand for fall protection equipment from the construction industry. Construction sites usually require workers to operate at elevated platforms such as scaffolding, aerial work platforms (AWPs), hoist elevators, and ladders. Thus, the workers are subject to a fall hazard. Countries in North America, Europe, and APAC are among the major markets for fall protection equipment. Countries in Africa and South America and several countries from APAC, such as India, China, and the Association of Southeast Asian Nations (ASEAN), are witnessing rapid growth in their respective construction industries, which, in turn, is anticipated to drive the demand for fall protection equipment during the forecast period. Moreover, increased investments in the construction sector in African countries are anticipated to further boost the demand for fall protection equipment during the forecast period.
Key Fall Protection Equipment Market Trend
Strict enforcement of workplace safety standards in developed countries is one of the key fall protection equipment market trends that is expected to impact the industry positively in the forecast years. 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 kit that includes 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.
Key Fall Protection Equipment Market Challenge
One of the key challenges to the global fall protection equipment market growth is the lack of workplace safety regulations or their poor implementation in developing countries. Moreover, most of the workforce in developing countries are employed in the informal economy, which leads to the unavailability of data concerning workplace fatalities, injuries, and illness. For instance, almost 80% of India's workforce is employed in unorganized and fatalities in these sectors are usually unreported. Moreover, the absence of such data limits effective policymaking in developing countries. Also, regulatory bodies in developing countries are not able to keep pace with rapidly growing urbanization. This leads to complete or partial disregard of the health and safety aspect of a workplace. For instance, approximately 100 sewer workers die in India annually, and the breaking of rope is one of the considerable causes of death of sewer workers. Thus, such factors are expected to challenge market growth during the forecast period.
This fall protection equipment market analysis report also provides actionable insights on the trends and challenges that will help companies evaluate and develop growth strategies for 2022-2026.
Which are the Key Regions for Fall Protection Equipment Market?
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37% of the market's growth will originate from APAC during the forecast period. Japan and China are the key markets for fall protection equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
A substantial number of residential construction projects due to the rapidly increasing urban population will facilitate the fall protection equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted the growth of the market in focus in the region. The pandemic resulted in the closure of several industries and outdoor recreational activities, which hampered the demand for fall protection equipment. However, factors such as the implementation of vaccination drives in the region in 2021 resulted in the declining number of COVID-19 cases and led to the resumption of several business operations. This will drive the growth of the fall protection equipment market in APAC during the forecast period.
Fall Protection Equipment Market Value Chain Analysis
Technavio's report on the fall protection equipment market provides extensive information on the value chain analysis for the fall protection equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
What are the Revenue-generating Product Segments in the Fall Protection Equipment Market?
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The fall protection equipment market share growth by the anchors and connectors segment will be significant during the forecast period. The high demand for anchors and connectors owing to the increase in the construction of skyscrapers and industrial facilities, as operators are required to join, inspect, clean, and maintain structures and components, will drive the segment growth. For instance;
- The growing global stock of skyscrapers drives the demand for permanent anchors and connectors for the cleaning of facades of the buildings.
This report provides an accurate prediction of the contribution of all the segments to the growth of the fall protection equipment market size and actionable market insights on post COVID-19 impact on each segment.
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Fall Protection Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.62% |
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Market growth 2022-2026 |
$ 715.23 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.97 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
APAC at 37% |
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Key consumer countries |
US, Germany, Japan, France, and China |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
3M Co., Bergman and Beving AB, Carl Stahl GmbH, FallTech, Honeywell International Inc., MSA Safety Inc., PETZL Distribution, Pure Safety Group Inc., and Werner Co. |
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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 the forecast period |
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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. |
What are the Key Data Covered in this Fall Protection Equipment Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive fall protection equipment market growth during the next five years
- Precise estimation of the fall protection equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the fall protection equipment industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of fall protection equipment market vendors
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1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
Exhibit 02: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 03: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 05: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 06: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 07: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 08: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 09: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 10: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 11: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 12: Threat of new entrants
4.5 Threat of substitutes
Exhibit 13: Threat of substitutes
4.6 Threat of rivalry
Exhibit 14: Threat of rivalry
4.7 Market condition
Exhibit 15: Market condition - Five forces 2021
5 Market Segmentation by Product
5.1 Market segments
Exhibit 16: Chart on Product - Market share 2021-2026 (%)
Exhibit 17: Data Table on Product - Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 18: Chart on Comparison by Product
Exhibit 19: Data Table on Comparison by Product
5.3 Anchors and connectors - Market size and forecast 2021-2026
Exhibit 20: Chart on Anchors and connectors - Market size and forecast 2021-2026 ($ million)
Exhibit 21: Data Table on Anchors and connectors - Market size and forecast 2021-2026 ($ million)
Exhibit 22: Chart on Anchors and connectors - Year-over-year growth 2021-2026 (%)
Exhibit 23: Data Table on Anchors and connectors - Year-over-year growth 2021-2026 (%)
5.4 Bodywear - Market size and forecast 2021-2026
Exhibit 24: Chart on Bodywear - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Data Table on Bodywear - Market size and forecast 2021-2026 ($ million)
Exhibit 26: Chart on Bodywear - Year-over-year growth 2021-2026 (%)
Exhibit 27: Data Table on Bodywear - Year-over-year growth 2021-2026 (%)
5.5 Devices - Market size and forecast 2021-2026
Exhibit 28: Chart on Devices - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Devices - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Devices - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Devices - Year-over-year growth 2021-2026 (%)
5.6 Others - Market size and forecast 2021-2026
Exhibit 32: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Others - Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by Product
Exhibit 36: Market opportunity by Product ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 44: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 45: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 48: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 49: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 50: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 52: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 53: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 54: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 56: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 57: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 Germany - Market size and forecast 2021-2026
Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.10 Japan - Market size and forecast 2021-2026
Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.11 France - Market size and forecast 2021-2026
Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
7.12 China - Market size and forecast 2021-2026
Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing demand for fall protection equipment from the construction industry
8.1.2 Strict enforcement of workplace safety standards
8.1.3 Development in oil, gas, power, and mining sectors
8.2 Market challenges
8.2.1 Poor enforcement of workplace safety regulations in developing countries
8.2.2 Limited safety budget and availability of inferior and non-compliant products
8.2.3 Fragmentation and price competition in the market
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Increasing demand for fall protection equipment for recreational activities
8.4.2 Increase in mergers and acquisitions activities
8.4.3 Introduction of IoT and asset tracking features
9. Vendor Landscape
9.1 Competitive scenario
9.2 Vendor landscape
Exhibit 84: Vendor Landscape
9.3 Landscape disruption
Exhibit 85: Landscape disruption
9.4 Industry risks
Exhibit 86: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 3M Corp.
Exhibit 89: 3M Corp. - Overview
Exhibit 90: 3M Corp. - Business segments
Exhibit 91: 3M Corp. - Key news
Exhibit 100: 3M Corp. - Key offerings
Exhibit 92: 3M Corp. - Segment focus
10.4 ABS Safety GmbH
Exhibit 93: ABS Safety GmbH - Overview
Exhibit 94: ABS Safety GmbH - Product / Service
Exhibit 95: ABS Safety GmbH - Key offerings
10.5 Adolf Wurth GmbH and Co. KG
Exhibit 96: Adolf Wurth GmbH and Co. KG - Overview
Exhibit 97: Adolf Wurth GmbH and Co. KG - Business segments
Exhibit 98: Adolf Wurth GmbH and Co. KG - Key offerings
Exhibit 99: Adolf Wurth GmbH and Co. KG - Segment focus
10.6 Bergman and Beving AB
Exhibit 100: Bergman and Beving AB - Overview
Exhibit 101: Bergman and Beving AB - Business segments
Exhibit 102: Bergman and Beving AB - Key offerings
Exhibit 103: Bergman and Beving AB - Segment focus
10.7 FallTech
Exhibit 104: FallTech - Overview
Exhibit 105: FallTech - Product / Service
10.8 Honeywell International Inc.
Exhibit 106: Honeywell International Inc. - Overview
Exhibit 107: Honeywell International Inc. - Business segments
Exhibit 108: Honeywell International Inc. - Key news
Exhibit 109: Honeywell International Inc. - Key offerings
Exhibit 110: Honeywell International Inc. - Segment focus
10.9 MSA Safety Inc.
Exhibit 111: MSA Safety Inc. - Overview
Exhibit 112: MSA Safety Inc. - Business segments
Exhibit 113: MSA Safety Inc. - Key news
Exhibit 114: MSA Safety Inc. - Key offerings
Exhibit 115: MSA Safety Inc. - Segment focus
10.10 PETZL Distribution
Exhibit 116: PETZL Distribution - Overview
Exhibit 117: PETZL Distribution - Product / Service
&am
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- China
- Germany
- UK
- Canada
- Increasing demand for fall protection equipment from construction industry
- Increasing demand for fall protection equipment for recreational activities
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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