Fall Protection Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, United Arab Emirates, China, India, Germany - Size and Forecast 2023-2027

Fall Protection Market Forecast 2023-2027

The fall protection market size is estimated to increase by USD 3,023.11 million between 2022 and 2027. The market size is forecast to grow at a CAGR of 11.13%. The growth of the market depends on several factors, including increasing demand from end-users, increasing onsite training, increasing demand for fall protection from end-users, and stringent and comprehensive safety regulations.

What will be the Size of the Fall Protection Market During the Forecast Period?

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Key Drivers, Trends, Challenges, and Customer Landscape

Increasing demand from end-users is notably driving the market growth, although factors such as the increased competition among manufacturers may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

Increasing demand from end-users is the key factor driving the growth of the market. Demand for products, such as safety belts, harnesses, lanyards, self-retracting devices, anchorages, and netting systems, is rising from end-user industries such as construction, mining, and oil and gas. Onsite injuries and accidents force employers to pay penalties and compensation, which prompts them to equip workplaces with PPE - Personal Protective Equipment that can reduce the risks of work hazards. The increasing demand is driven by the growing construction industries in APAC, the Middle East, and Africa.

The global market witnesses high demand from several end-users, especially the wind energy and recreational sectors. OSHA recommends PPE for workers in the wind energy industry to prevent falls from a height of six feet or more. companies in the market are enhancing their portfolio to include harnesses for the wind energy industry. The wind energy industry has been developing across the globe. The rising installations of wind turbines, mostly in offshore locations, have contributed to the market. For instance, Skylotec offers harnesses such as gurO Men 2.0, gurO Women 2.0, Pure 2.0, and Sitz 2.0 for recreational activities.  To avoid accidents on oil rigs both offshore and at home, falling protection equipment shall be extensively employed in the oil and gas sector. The significant development of the oil and gas sector in the Nordic region and the shale gas boom in North America will increase the global market from this sector during the forecast period.

Key Trends

Underpenetrated markets in developing countries is the primary trend shaping the market. Due to the absence of stringent workplace protection rules and low awareness about the benefits of this equipment, the demand for the equipment has been low in emerging economies in APAC and the Middle East, and Africa This acts as a major hindrance to the growth of the global market as developing countries in APAC, especially India and China, are expected to witness the fastest industrial demand during the forecast period. India has a lack of well-defined and stringent regulations for occupational protection, which can hinder the growth of the PPE market in India. 

Regulatory bodies such as Occupational Health and Safety Management Systems, the Indian Labour Organization, and The National Disaster Management have promoted the use and benefits of PPE. The challenge remains, however, to provide end users with information on the benefits of this equipment. This has led to an underpenetration of the market in this part of the world, giving companies an important opportunity. There is a lack of investment in purchasing the equipment by most large and small players in the construction, telecommunications, and transport sectors resulting in many accidents and injuries to workers. Additionally, most industries use sub-standard, locally made, inexpensive products. This makes it difficult for the equipment manufacturers in these regions to raise their market share. The established players will benefit from entering such underpenetrated markets as the implementation of stringent inspection practices in the future will allow companies to tap the protentional of such markets during the forecast period.

Major Challenge

Increased competition among manufacturers is a major challenge to the market. It is a highly competitive market, with the presence of both major and minor manufacturers. The increased demand from the markets in North America and Western Europe for single-source suppliers that can provide various types of fall protection equipment in recent years has forced larger manufacturers to expand their product portfolio. Major companies such as 3M, Honeywell, and MSA Safety rule the market as they offer extensive product portfolios. These companies offer a diversified portfolio for various industries, such as oil and gas, wind energy, and construction.

However, This portfolio of products is structured specifically for each industry considering industry-specific requirements for this equipment which has increased the pressure on manufacturers of specialized and single-type equipment, forcing them to lower their prices to maintain their market share. The market also consists of other companies with a prominent market presence, which strongly compete with established manufacturers. These manufacturers tend to lower their prices to counter the competition. This has increased the intensity of price wars in the market, hindering the companies. Additionally, the rising market presence and reach of Asian manufacturers, especially from China, is propelling the market competition in developed countries. Because of the slow market demand in Western Europe due to market saturation and the presence of many regional manufacturers, global manufacturers face declining profits. Increasing competition will increase prices. This will cause a decline in the growth opportunities of the market in focus on cost-sensitive consumers.

Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their demand strategies.

Global Market Customer Landscape

Who are the Major Fall Protection Market companies?

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.

3M Co.: The company offers fall protection such as full body harnesses, fall protection kits, and lanyards.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• ABS Safety GmbH
• Adolf Wurth GmbH and Co. KG
• Bergman and Beving AB
• FallTech
• French Creek Production Inc.
• Honeywell International Inc.
• KARAM group
• Kee Safety Systems and Services India Pvt Ltd.
• Kennedy Wire Rope and Sling Co.
• Magid Glove and Safety Manufacturing Co. LLC
• Mathews Mechanical
• PETZL Distribution
• Pure Safety Group Inc.
• Safe Approach Inc.
• Super Anchor Safety
• Uviraj Group
• Webb Rite Safety
• Werner Co.
• MSA Safety Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Market?

The market share growth by the safety harness segment will be significant during the forecast period. It is a type of PPE worn on the body to prevent injury at heights above ground level. The harnesses offered in the current market are more user-friendly and address all key needs of the wearer, such as ease of use, durability, and comfort.

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The safety harness segment was valued at USD 1,589.16 million in 2017 and continued to grow until 2021. Various regulatory bodies, such as the Occupational Safety and Health Administration (OSHA), have been implementing stringent worker safety regulations since their inception. OSHA norms and regulations recommend the use of harnesses if the work location is over six feet above the ground.

This will drive the market for harnesses, which, in turn, will propel the global market. The strong presence of worker protection regulations has facilitated the adoption of harnesses by employers across North America. The market in North America is relatively mature and is likely to grow at a slower pace than other developing regions. Due to the stringent protection regulations already in place in most of Europe and North America. On the other hand, APAC will grow rapidly due to the demand in the construction and manufacturing industries. Furthermore, the rising investments in commercial real estate are expected to drive the demand for harnesses and the global market during the forecast period.

Which are the Key Regions for the Market?

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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The prime factors contributing to the market in North America include the strong presence of top companies such as 3M and Honeywell in the US and the stringent worker protection rules. For instance, The Bureau of Labor Welfare in the US is responsible for occupational safety and imposes stringent regulations. North America, especially the US, is the innovation hub of the market since companies focus on enhancing comfort, fit, and other features of the product. Furthermore, The existing infrastructure in the US and Canada is deteriorating and is considered inadequate to sustain the economic growth of the US. In February 2018, the US unveiled an infrastructure plan for 2018-2028 to modernize and upgrade bridges and airports, drinking water and wastewater systems, and energy infrastructure. This would enhance the regional market during the forecast period.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest market trends and growth opportunities from 2017 to 2027.

• Product Outlook (USD Million, 2017 - 2027)
  • Safety harness
  • Safety nets
  • others

• End-user Outlook (USD Million, 2017 - 2027)
  • Construction
  • Energy and utilities
  • Oil and gas
  • Transportation
  • Others

• Region Outlook (USD Million, 2017 - 2027)
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overiew

The Market is witnessing significant growth driven by stringent workplace safety regulations and a growing emphasis on employee wellbeing. Infrastructure development projects necessitate collective fall protection systems, including anchor point systems and horizontal lifelines, to ensure worker protection at heights. The market is characterized by the demand for affordable yet effective fall protection systems and equipment, driving investment in R&D for advanced materials and smart technologies.

Companies focus on the design, testing, and certification of fall protection products to ensure compliance with standards and mitigate workplace accidents and injuries. With the increased adoption of innovative solutions, the fall protection market continues to evolve, offering reliable protection for workers across various industries while promoting workplace protection and well-being.

Fall Protection Market Scope
Report Coverage	Details
Page number	136
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 11.13%
Market growth 2023-2027	USD 3,023.11 million
Market structure	Fragmented
YoY growth 2022-2023(%)	10.82
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 38%
Key countries	US, United Arab Emirates, China, India, and Germany
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, FallTech, French Creek Production Inc., Honeywell International Inc., KARAM group, Kee Safety Systems and Services India Pvt Ltd., Kennedy Wire Rope and Sling Co., Magid Glove and Safety Manufacturing Co. LLC, Mathews Mechanical, PETZL Distribution, Pure Safety Group Inc., Safe Approach Inc., Super Anchor Safety, Uviraj Group, Webb Rite Safety, Werner Co., and MSA Safety Inc.
Market dynamics	Parent market analysis, Market forecasting, 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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What are the Key Data Covered in this Fall Protection Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation  of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across North America, APAC, Europe, Middle East and Africa, and South America
• Thorough market research and growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market growth and forecasting analysis of factors that will challenge the growth of market companies

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