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The industrial safety gates market size is estimated to grow at a CAGR of 5.06% between 2022 and 2027. The market size is forecast to increase by USD 131.9 million. The growth of the market depends on several factors, such as the provision of self-closing and opening of gates, the demand for industrial safety gates from the manufacturing industry, and stringent workplace safety regulations.
This report extensively covers market segmentation by product (swing gates, vertical lift gates, and others), distribution channel (direct sales and indirect sales), and geography (APAC, North America, Europe, South America, and Middle East and Africa) and geography APAC, North America, Europe, South America, and Middle East and Africa. It also includes an in-depth analysis of drivers, trends, and challenges.
Industrial Safety Gates Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The main purpose of an industrial safety gate is that it offers a safe mode of movement through a restricted space. Some of the main types of industrial safety gates include access control, alarm, safety interlock, foot-actuated entry, and self-closing type. There is an increasing use of these types of automated safety gates across industrial premises including manufacturing plant entrances and water treatment plants.
Moreover, several market players in the market are providing automated safety gates which is fuelling the market growth. For example, key vendors such as Tymetal and Kee Safety are offering heavy-duty automatic swing gates and self-closing automatic safety gates, respectively. Hence, such factors are positively impacting the market which in turn will drive the market growth during the forecast period.
As telecom towers are tall structures, they need telecommunication technicians or tower climbers to work at height, particularly on rooftops, for new installations, maintenance, rearrangements, or removal of conductors or other equipment. In addition, several telecom infrastructures have massive heating, ventilation, and air conditioning (HVAC) systems or chiller units placed on rooftops in order to keep sensitive electronic equipment cool.
Moreover, the main advantage of industrial safety gates is that they offer safe access and reduce the probability of workers falling over unprotected edges or due to non-compliance with personal protective equipment handling. There is an increase in demand for industrial safety gates due to the increase in the number of injuries and fatalities due to activities on telecom towers. Hence, the expansion of the telecom industry is positively impacting the market growth. Therefore, it is expected to drive the market growth during the forecast period.
There are several players in the global industrial safety gates market offering their products. As a result, it significantly impacts the profit margin of market players and is expected to decline. In addition, the increasing demand for value-added services and specialized professional solutions in the global industrial safety gates market is forcing market players to adopt a competitive pricing strategy for services.
Moreover, there is an increasing focus by market players on offering customized industrial safety gates at competitive prices. In addition, there is a growing preference by price-conscious buyers for low-cost security solutions rather than expensive global brands. Hence, the growing competition is negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The swing gates segment is estimated to witness significant growth during the forecast period. The main feature of the swing gates segment is that it swings in both inward and outward directions. This segment is mainly installed near rooftop hatches and ladder access openings. There are several advantages of this segment that are fuelling its adoption.
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The swing gates segment was the largest segment and was valued at USD 201.59 million in 2017. Some of the main advantages of this segment include ease of installation, lesser maintenance as compared with other types of gates, cost-efficient nature as compared with other gate types, and less noise and smoothness to operate. Due to these advantages, this segment is increasingly adopted for various industrial applications. In addition, there is a growing use of this segment across various health and safety organizations such as OSHA and HSE for ladder openings and other unprotected areas. Furthermore, several market players are providing swing gates that have a self-closing feature that facilitates users to walk through without the need to manually close the gates. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Based on the distribution channel, the segment is classified into direct sales and indirect sales. The main advantage of the direct selling of industrial safety gates is that it enables companies to avoid high overhead costs, reduce their advertising expenditures, and manage business operations more efficiently. Some of the other benefits of direct sales include convenience and one-on-one attention to customers provided by having a team of direct sales personnel. Furthermore, it helps to generate more revenue and leads quickly. Hence, several market players in the global industrial safety gates market are marketing their products directly to potential customers in order to get their attention. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 45% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. One of the main factors that is significantly contributing to the growth of the industrial safety gates market in APAC is the o growing demand from key end-user industries such as construction, manufacturing, and telecommunication. In addition, the rapid growth of the construction industry in APAC is positively impacting the market growth in the region. Some of the main countries in APAC which are fuelling the growth of the market include China, India, and Vietnam. Furthermore, the demand for industrial safety gates is highly influenced by the development of various industries in APAC. For example, the Government of India has allowed 100% FDI in the manufacturing industry in the country. Additionally, under the Make in India campaign, the government has eased the policies related to FDI. Hence, such factors are expected to drive the market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global industrial safety gates market witnessed a significant slowdown due to the temporary closure of several manufacturing and industrial units that use industrial safety gates in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in industrial units. Such factors are expected to drive the market during the forecast period.
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.
Abbey Gates: The company offers industrial safety gates such as aluminum gates, driveway gates, wooden gates, and many more.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Ametco Manufacturing Corp., ARA Group Ltd., ASSA ABLOY AB, Avians Innovations Technology Pvt Ltd., Avon Barrier Corp. Ltd., Benko Products Inc., FAAC Spa, Fabenco Inc., Frontier Pitts Ltd., Intrepid Industries Inc., Kee Safety Inc., Mezzanine Safeti Gates Inc., Proactive Group Australia, Procter Brothers Ltd., PS Industries Inc., Safety Rail Co. LLC, Tymetal, U.S. Netting Inc., and Wilcox Door Service.
Technavio report provides 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 industrial safety gates market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Industrial Safety Gates Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.06% |
Market growth 2023-2027 |
USD 131.9 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.65 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 45% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abbey Gates, Ametco Manufacturing Corp., ARA Group Ltd., ASSA ABLOY AB, Avians Innovations Technology Pvt Ltd., Avon Barrier Corp. Ltd., Benko Products Inc., FAAC Spa, Fabenco Inc., Frontier Pitts Ltd., Intrepid Industries Inc., Kee Safety Inc., Mezzanine Safeti Gates Inc., Proactive Group Australia, Procter Brothers Ltd., PS Industries Inc., Safety Rail Co. LLC, Tymetal, U.S. Netting Inc., and Wilcox Door Service |
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, and Market condition analysis for the 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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
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 Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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