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Fall Protection Equipment Market Report 2026: Top Players Are 3M, MSA Safety Company, SKYLOTEC, Capital Safety, Honeywell Miller, Eurosafe Solutions, ABS Safety, Gravitec System, French Creek Production, FallTech and DBI-SALA

03-18-2020 06:52 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Study Report LLC

Fall Protection Equipment Market

Fall Protection Equipment Market

Market Study Report Has Added A New Report On Fall Protection Equipment Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Fall Protection Equipment Market In Tandem With Its Competitive Terrain.

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.

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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.

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.

It is estimated that the body belts segment may surpass consumption of 53 million units by 2026 in the overall market. These are used primarily together with a full body harness for injury protection. OSHA also recommends the utilization of body belts from elevated platforms. Construction market segment is anticipated to hold major share in the global market till the end of forecast period. In addition to this, mining industry is also expected to witness significant growth in the global market over the forecast period.

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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The marker research report has segmented the fall protection equipment market report on the basis of type, application and region

Fall Protection Equipment Product Type Outlook (Volume- Units, Revenue - USD Million, 2015 - 2026)

Hard Goods

Soft Goods

Rescue Kits

Full Body Harness

Body Belts

Fall Protection Equipment Application Outlook (Volume- Units, Revenue - USD Million, 2015 - 2026)

Oil & Gas

Construction

Transportation

Mining

Telecom

Energy & Utilities

General Industry

Table of Contents

Overview and Scope
1.1. Research goal & scope

1.2. Research assumptions

1.3. Research Methodology

1.3.1. Primary data sources

1.3.2. Secondary data sources

1.4. Key take-aways

1.5. Stakeholders

Executive Summary
2.1. Market Definition

2.2. Market Segmentation

Fall Protection Equipment Market Insights
3.1. Fall Protection Equipment - Industry snapshot

3.2. Fall protection equipment market dynamics

3.2.1. Fall Protection Equipment - Market Forces

3.2.1.1. Fall Protection Equipment Market driver analysis

3.2.1.2. Fall Protection Equipment Market restraint/challenges analysis

3.2.1.3. Fall Protection Equipment Market opportunity analysis

3.3. Industry analysis - Porter's five force

3.3.1. Bargaining power of supplier

3.3.2. Bargaining power of buyer

3.3.3. Threat of substitute

3.3.4. Threat of new entrant

3.3.5. Degree of competition

3.4. Fall protection equipment market PEST analysis

Complete report titled 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?utm_source=openpr.com&utm_medium=ADS

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