Uploaded on May 29, 2020
The global fall protection equipment market size is expected to reach USD 2.9 billion by 2026 according to a new study by Polaris Market Research. The report “Fall Protection Equipment Market Share, Size, Trends, Industry Analysis Report By Product (Hard Goods, Soft Goods, Rescue Kits, Full Body Harness and Body Belts); By Application (Oil & Gas, Construction, Transportation, Mining, Telecom, Energy & Utilities, General Industry); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Fall Protection Equipment Market Size Worth $2.9 Bn by 2026
Fall Protection Equipment
Market
Set to Exceed USD USD 2.9 billion by 2026 | CAGR 3.7%
“Fall Protection Equipment Market Share, Size, Trends,
Industry Analysis Report By Product (Hard Goods, Soft
Goods, Rescue Kits, Full Body Harness and Body Belts); By
Application (Oil & Gas, Construction, Transportation,
Mining, Telecom, Energy & Utilities, General Industry); By
Regions, Segment Forecast, 2019 - 2026”
Fall Protection Equipment Market Estimate & Forecast to 2026
The global fall protection equipment market size is expected to reach USD 2.9 billion by
2026 according to a new study by Polaris Market Research.
The global demand for fall protection equipment is escalating, with increasing focus on
workers ‘ safety in construction, mining, energy and oil and gas industries. They include the
use of controls that are preferably designed to protect staff from death and injury. Incident
and occupational risk, including falling off overhead platforms or elevated workstations, is
expected to contribute to the protection of industry demand.
Market growth is driven by a growing awareness of industrial security and stringent
government safety regulations in various industries. One of the main drivers is increasing
demand for fall protection equipment from the construction industry. However, increasing
automation is expected to limit market growth in the end-use industries. In addition to this,
the lack of awareness is expected to hamper the growth of this market over the forecast
period. Increasing stringent regulations pertaining to safety of employees is also expected to
bring in new opportunities for the key players in this market.
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Fall Protection Equipment Market Scope
By Product Type By Application By Region Report Attributes
Hard Goods Oil & Gas North America Historic year: 2015-2017
Soft Goods Construction Europe Base year: 2018
Rescue Kit Transportation Asia Pacific Forecast Year: 2019-2026
Full Body Harness Mining Latin America Middle East & Revenue (USD Million)
Body Belts Telecom Africa
Energy & Utilities
General Industry
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Fall Protection Equipment Market Estimate & Forecast to 2026
During the forecast period, North America will be followed closely by Europe. The market is
expected to grow enormously due to rapid industrialization in both of these regions. In
particular, Asia Pacific, due to anticipated growth in the construction industry during the
forecast period, will be seen to increase the demand for fall protection equipment. This
market growth can be mainly attributed to the rapid development of infrastructure, high
investment in new industries, and the rise in construction in residential and commercial
buildings in countries such as India, Indonesia, Thailand and China. The high demand for
fall-protection equipment in the ever growing energy and utility industry of Latin America
market is expected to register a significant CAGR during the forecast period.
Some of the key players in the market include 3M, MSA Safety Company, SKYLOTEC,
Capital Safety, Honeywell Miller, Eurosafe Solutions, ABS Safety, Gravitec System, French
Creek Production, FallTech and DBI-SALA . The key players in this market have adopted the
strategy of mergers and acquisitions as a part of their strategy in order to gain competitive
share in the global market.
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Fall Protection Equipment Market Size
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
the industries of healthcare, technology, semi-conductors and chemicals among various other
industries present around the world.
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