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Global Safety Harness Market 2017-2021

  • Published: Mar 2017
  • Pages: 70
  • SKU: IRTNTR12171
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This market research report identifies suppliers like 3M, Honeywell International, MSA Safety, and CMC Security to be the key vendors in the global safety harness market. It also presents a detailed segmentation of the global market by application (industrial and recreational), by end-user (construction, oil and gas, manufacturing, and others), and by geography (APAC, EMEA, North America, and ROW).

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?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Global personal protective equipment market
  • Global fall protection market
  • Global safety harness market

PART 06: Market landscape

  • Five forces analysis

PART 07: Market segmentation  by application

  • Overview
  • Safety harness market for industrial applications
  • Safety harness market for recreational applications

PART 08: Market segmentation by end-user

  • Overview
  • Global safety harness market for construction industry
  • Global safety harness market for oil and gas industry
  • Global safety harness market for manufacturing industry
  • Global safety harness market for other industries

PART 09: Geographical segmentation

  • Market overview
  • Safety harness market in North America
  • Safety harness market in EMEA
  • Safety harness market in APAC
  • Safety harness market in ROW

PART 10: Decision framework

  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments

PART 11: Market trends

PART 12: Vendor landscape

  • Competitive scenario
  • Key vendor ranking
  • Other prominent vendors

PART 13: Key vendor analysis

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

PART 14: Appendix

  • List of abbreviations

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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