Global Safety Harness Market 2017-2021

Overview of the global safety harness market

Technavio’s market research analyst predicts the global safety harness market to grow steadily at a CAGR of above 7% by 2021. One of the primary drivers for this market is the increase in demand from the wind energy industry. Fall protection is a crucial aspect that has been adopted by the wind energy industry to enhance the safety of workers. A full body harness is the most common equipment that is used for fall protection in the wind energy industry. Occupational safety and health administration (OSHA) mandates the protection of workers from falls when working at heights more than four feet. Working above these elevations is common in the wind industry. Hence, compliance with OSHA becomes mandatory. It has been observed that the wind energy industry has witnessed an exponential growth in the past few years, this, in turn, will augment growth in the global safety harness market during the forecast period.

In terms of geography, North America accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The key factors contributing to the growth of the safety harness market in North America are the presence of top vendors in the US and strict implementation of regulations regarding the safety of workers who work in heights. Stringent worker safety regulations and the high cost of worker compensation in case of injuries have facilitated the greater demand of safety harnesses. For instance, the OSHA mandates the use of safety harness in construction and various other industries that are prone to hazards. This has made North America, especially the US, the innovation hub for the safety harness, which in turn will propel the growth of the global safety harness market in the coming years.

Competitive landscape and key vendors

The global harness market is getting highly consolidated due to an increasing number of mergers and acquisition. Competition is intense in the body harness market as there are several fall protection equipment vendors that are competing to gain a greater market share. Intense competition, rapid advances in technology, and frequent changes in consumer preferences are the significant risks for vendors. In order to survive and succeed in this intensely competitive body harness market, it is imperative for vendors to distinguish their product and service offerings through a clear and unique value proposition

Leading vendors in the market are –

• 3M
• Honeywell International
• MSA Safety
• CMC Security

Other prominent vendors in the safety harness market include Acme Safety, BUCKINGHAM MANUFACTURING, Petzl, Pigeon Mountain Industry, P&P Safety, Rigid Lifelines, SKYLOTEC, and Ultra Safe.

Segmentation by application and analysis of the safety harness market

• Industrial harness
• Recreational harness

During 2016, the industrial harness segment dominated the safety harness market and accounted for a major part of the overall market share. Safety harnesses are commonly deployed in industries such as oil and gas, construction, and manufacturing. Factors such as the high risk of accident in industries and strict government regulations in the industrial sector are the key contributors to the dominance of this segment in the body harness market.

Segmentation by end-user and analysis of the safety harness market

• Construction
• Oil and gas
• Manufacturing

In this market study, analysts have estimated the construction industry to dominate the safety harness market during the forecast period. Factors such as the high rate of fall and the rapid growth of the construction industry are the major attributors to the rise of this segment in the body harness market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global safety harness market?
• What are the key market trends impacting the growth of the global safety harness market?
• What are the challenges to market growth?
• Who are the key vendors in the global safety harness market?
• What are the market opportunities and threats faced by the vendors in the global safety harness market?
• Trending factors influencing the market shares of the APAC, EMEA, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global safety harness market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Automotive Wiring Harness Market 2016-2020 
• Global Fall Protection Market 2017-2021