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PUBLISHER: Stratview Research | PRODUCT CODE: 1469743
PUBLISHER: Stratview Research | PRODUCT CODE: 1469743
Fall Protection Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2032
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PAGES: 121 Pages
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"The Fall Protection Market size was US$ 3.3 Billion in 2023 and is likely to grow at a healthy CAGR of 5.6% in the long run to reach US$ 4.9 Billion in 2030".
Market Dynamics
Introduction
Fall protection is the personal protective equipment used by the workers from falling and minimizes the risk of injury or fatality for individuals working at heights. This equipment includes body harnesses, ropes, lanyards, tripods, ladders, anchorage, and anchor points, among other tools and systems.
Fall protection equipment is adopted by workers in different industries such as construction, manufacturing, oil & gas, utilities, telecom, wind energy, and transportation, as per the regulations set by the OSHA, ANSI, and EN795.
Market drivers:
- Increasing Construction Spending: With the growing demand for residential and commercial buildings, the construction sector is booming; hence, it will be driving the need for fall protection equipment.
- Increase in Offshore Oil Rig Operations: There's a substantial increase in the rig count in the offshore oil & gas but at the same time the workers face safety risks without proper safety procedures and equipment in place, therefore, ongoing fall prevention efforts are essential for safety in the oil & gas industry.
- Growing Wind Turbine Installations: There has been a noticeable growth in wind energy installations in the past few years across all regions, leading to an increased demand for fall protection equipment as workers are required to operate at elevated heights.
Challenges:
- Regular maintenance and inspection of fall protection equipment
- Training and Awareness.
- Improving the comfort and mobility of safety gear without sacrificing protection
Recent Market JVs and Acquisitions:
A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
- In March 2022, Delta Plus Group acquired Safety Link. It will provide the Group with a new platform of growth in the Asia-Pacific core markets of Australia, New Zealand, and Southeast.
- In January 2021, Delta Plus Group solidified its leadership in the French safety market for fall prevention infrastructure with the acquisition of Alsolu.
Recent Product Development:
- In 2024, Werner introduces a new fall protection utility lifeline designed for utility workers and linemen, providing enhanced climbing security and safety.
- In 2023, Petzl launched ASAP and ASAP LOCK kits that come pre-installed with a mobile fall arrester, energy absorber, and connectors.
- By Type
- "Soft goods are expected to remain dominant whereas access systems will be the fastest-growing in the market during the forecast period."
- The Fall protection market is segmented into soft goods, hard goods, installed systems, access systems, rescue kits, others, and services.
- Growing regulatory standards and an increase in the demand for workplace safety products prioritize soft goods for fall protection due to their effectiveness in reducing impact forces and minimizing injury risks.
- By End-Use Industry Type
- "The construction industry is expected to remain the dominant in the market during the forecast period."
- The market is segmented into construction, manufacturing, oil & gas, utility, telecom, and others [wind energy, transportation, and mining].
- The construction industry is expected to remain the biggest demand generator for fall protection in the years to come. The expected rise in construction activities paired with the increased use of fall protection equipment is primarily driving the market demand.
- Regional Analysis
- "Asia-Pacific is expected to remain the largest as well as the fastest-growing market for fall protection during the forecast period".
- In terms of regions, the market is segmented in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
- The dominance of the construction industry is ultimately the cause for the Asia-Pacific to be the largest market for fall protection. Also, China is the largest turbine installer.
- Key Players
The market is moderately concentrated with the presence of over 50 players. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the fall protection market:
- Here is the list of the Top Players (Based on Dominance)
- 3M Company
- Honeywell International Inc.
- MSA Safety Inc.
- Skylotec GmbH
- Guardian Fall Protection Inc.
- Kee Safety, Inc.
- Delta Plus Group
- Gravitec System, Inc.
- The Petzl Group
- WernerCo.
Product Code: SRCE134
Table of Contents
- Report Scope
- Report Objectives
- Research Methodology
- Market Segmentation
- Secondary Research
- Key Information Gathered from Secondary Research
- Primary Research
- Key Information Gathered from Primary Research
- Breakdown of Primary Interviews by Region, Designation, and Value Chain Node
- Data Analysis and Triangulation
1. Executive Summary: A Bird's Eye View of the Market
2. Market Environment Analysis: Study of Factors Affecting the Market Dynamics
- 2.1. Supply Chain Analysis (Identification of Key Players/Materials across the Value Chain)
- 2.2. PEST Analysis (List of All Factors Directly or Indirectly Affecting the Market Demand)
- 2.3. Industry Life Cycle Analysis (Current and Future Lifecycle Stage of the Market)
- 2.4. Key Trends (Key Industry as well as Market Trends Shaping the Market Dynamics)
- 2.5. Market Drivers (Study of Drivers and their Short- and Long-Term Impacts)
- 2.6. Market Challenges (Study of Factors Hindrance the Adoption/Growth)
3. Fall protection market Assessment (2017-2028) (US$ Million)
- 3.1. Contribution of Fall Protection in the Total Personal Protection Equipment (PPE) Market
- 3.2. Fall protection market Trend and Forecast (US$ Million)
- 3.3. Market Scenario Analysis: Growth Trajectories in Different Market Conditions
- 3.4. COVID-19 Impact Assessment and Expected Recovery Curve
4. Fall protection market Segments' Analysis (2017-2028) (US$ Million)
- 4.1. Type Analysis
- 4.1.1. Soft Goods: Regional Trend and Forecast (US$ Million)
- 4.1.2. Hard Goods: Regional Trend and Forecast (US$ Million)
- 4.1.3. Installed Systems: Regional Trend and Forecast (US$ Million)
- 4.1.4. Access Systems: Regional Trend and Forecast (US$ Million)
- 4.1.5. Rescue Kits: Regional Trend and Forecast (US$ Million)
- 4.1.6. Others: Regional Trend and Forecast (US$ Million)
- 4.1.7. Services: Regional Trend and Forecast (US$ Million)
- 4.2. End-Use Industry-Type Analysis
- 4.2.1. Construction: Regional Trend and Forecast (US$ Million)
- 4.2.2. Manufacturing: Regional Trend and Forecast (US$ Million)
- 4.2.3. Oil and Gas: Regional Trend and Forecast (US$ Million)
- 4.2.4. Utility: Regional Trend and Forecast (US$ Million)
- 4.2.5. Telecom: Regional Trend and Forecast (US$ Million)
- 4.2.6. Others: Regional Trend and Forecast (US$ Million)
- 4.3. Regional Analysis
- 4.3.1. North American Fall Protection Market: Country Analysis
- 4.3.1.1. The USA's Fall Protection Market T&F (US$ Million)
- 4.3.1.2. Canadian Fall Protection Market T&F (US$ Million)
- 4.3.1.3. Mexican Fall Protection Market T&F (US$ Million)
- 4.3.2. European Fall Protection Market: Country Analysis
- 4.3.2.1. German Fall Protection Market T&F (US$ Million)
- 4.3.2.2. French Fall Protection Market T&F (US$ Million)
- 4.3.2.3. The UK's Fall Protection Market T&F (US$ Million)
- 4.3.2.4. Italian Fall Protection Market T&F (US$ Million)
- 4.3.2.5. Rest of the European Fall protection market T&F (US$ Million)
- 4.3.3. Asia-Pacific's Fall Protection Market: Country Analysis
- 4.3.3.1. Indian Fall Protection Market T&F (US$ Million)
- 4.3.3.2. Chinese Fall Protection Market T&F (US$ Million)
- 4.3.3.3. Japanese Fall Protection Market T&F (US$ Million)
- 4.3.3.4. Rest of the Asia-Pacific's Fall Protection Market T&F (US$ Million)
- 4.3.4. Latin America Fall Protection Market T&F (US$ Million)
- 4.3.5. Middle East Africa Fall Protection Market T&F (US$ Million)
- 4.3.1. North American Fall Protection Market: Country Analysis
5. Competitive Analysis
- 5.1. Degree of Competition (Current Stage of Competition based on Market Consolidation)
- 5.2. Competitive Landscape (Benchmarking of Key Players in Crucial Parameters)
- 5.3. Market Share Analysis (Key Players and their Respective Shares)
- 5.4. Product Portfolio Mapping (Map their Presence in Different Market Categories)
- 5.5. Geographical Presence (Map their Geographical Presence)
- 5.6. Key Target Areas for Product Development (Understand the Industry Focus while Development)
- 5.7. M&As, JVs, Collaborations, Strategic Alliances, etc. (Map All the Major M&As and JVs)
- 5.8. Porter's Five Forces Analysis (A Bird's Eye View of the Overall Competitive Landscape)
6. Strategic Growth Opportunities
- 6.1. Market Attractiveness Analysis
- 6.1.1. Market Attractiveness by Type
- 6.1.2. Market Attractiveness by End-Use Industry Type
- 6.1.3. Market Attractiveness by Region
- 6.1.4. Market Attractiveness by Country
- 6.2. Emerging Trends (Key Trends that May Shape the Market Dynamics in the Future)
- 6.3. Key Strategic Implications (Changing Market Dynamics and their Key Implications)
- 6.4. Key Success Factors (KSFs) (Identifying Some Factors that May Help Companies to Gain Business)
7. Company Profile of Key Players (Alphabetically Arranged)
- 7.1. 3M Company
- 7.2. Delta Plus Group
- 7.3. Gravitec System, Inc.
- 7.4. Guardian Fall Protection Inc.
- 7.5. Honeywell International Inc.
- 7.6. Kee Safety, Inc.
- 7.7. MSA Safety Inc.
- 7.8. Skylotec GmbH
- 7.9. The Petzl Group
- 7.10. WernerCo.
8. Appendix
- 8.1. Disclaimer
- 8.2. Copyright
- 8.3. Abbreviation
- 8.4. Currency Exchange
- 8.5. Market Numbers
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