PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1378063
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1378063
The harness market is predicted to show positive growth during the forecast period. A harness is a device consisting of straps, belts, or other sturdy materials that are secured around the body to provide support or connection. Harnesses are commonly used in construction, oil & gas, mining, and energy & utility sectors for a wide range of functions, such as fall arrest, travel restraint, ascent & descent, evacuation, and ladder climbing. The increasing concern about workers' safety during construction work and the rising regulations to minimize deaths due to falls will boost the global harness market demand.
Harnesses designed for load-bearing purposes allow workers to secure themselves while working with heavy loads, thereby minimizing the risk of injuries caused by lifting heavy objects. The increase in construction spending coupled with the rise in deaths at construction sites is boosting the global harness market growth. According to the U.S. Census Bureau, the US spending on construction increased from $1,847.3 billion in August 2022 to $1,983.5 billion in August 2023. Moreover, as per the U.S. Bureau of Labour Statistics, deaths in construction sites due to falls, slips, and trips increased up to 5.9 % in 2021 compared to 2020.
Mining operations involve hazardous conditions, including working at heights, confined spaces, and challenging terrains. In such environments, safety harnesses are essential personal protective equipment (PPE) to ensure the well-being of miners. Safety harnesses are designed to secure and protect workers in case of falls, providing a reliable anchorage point and distributing forces evenly to minimize the risk of injury. Consequently, rising mining activities boost the global harness industry growth.
Power transmission workers face the risk of working at heights on towers and other elevated structures, making them susceptible to falls, which can result in severe injuries or even fatalities. These accidents along with loss of life, also impact the reputation and financial stability of power companies. Therefore, the regulations implemented by governments for workers' safety will positively impact the global harness market. For instance, the Central Electricity Authority (CEA) of India has announced regulations that full-body harnesses with double-layered safety belts are to be used while working at heights above 1.5 meters before starting the work on any rigid object/structure.
Harnesses provide an effective means of safely evacuating people from elevated or confined spaces, ensuring their swift and controlled descent to safety. In emergencies, workers can quickly secure themselves to the harnesses and be safely extracted or guided to exit points by trained personnel or through self-rescue mechanisms. The increase in fire accidents is expected to create demand for harnesses thereby stimulating the global harness market growth. According to the US Fire Administration, in 2021, non-residential building fires resulted in 115 deaths, 1,025 injuries, and $3,697,200,000 in dollar loss in the nation.
During the forecast period, the Asia-Pacific region is expected to hold a significant market share.
The Asia-Pacific region will constitute a major share of the global harness market due to rapid industrialization, growing awareness of workplace safety, and a surge in infrastructure projects. In 2023, the Chinese government announced an investment of $1.8 trillion to boost major projects such as transport infrastructure, energy generation, and industrial parks. Furthermore, Bharat Heavy Electricals Limited (BHEL) introduced the "Health, Safety, and Environment Plan" where one safety officer for every 500 workers and one safety steward/ supervisor for every 100 workers was to be appointed. Such developments require harness usage for the worker's safety and thereby propel regional market growth.