Fall Protection Equipment Market Size to reach USD 2.9 billion by 2026 Profilling 3M, MSA Safety Company, SKYLOTEC, Capital Safety, Honeywell Miller, Eurosafe Solutions, ABS Safety & More
The global fall protection equipment market size is expected to reach USD 2.9 billion by 2026 according to a new study by the marker research report. 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.
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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.
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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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.
Table of Content:
Chapter 1. Overview and Scope
Chapter 2. Executive Summary
Chapter 3. Fall Protection Equipment Market Insights
Chapter 4. Fall Protection Equipment Market Size and Forecast by Product Type
Chapter 5. Fall Protection Equipment Market Size and Forecast by Application
Chapter 6. Fall protection equipment Market Size and Forecast by Region
Chapter 7. Company Profiles
For More Details on this Report At: https://www.marketstudyreport.com/reports/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
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