Fall protection equipment Market Growth Prospects, Trends and Forecast

Fall Protection Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Soft Goods, Hard Goods, Rescue Kits, Body Belts, Full Body Harness, and Others) and Application (Construction, Transportation, Oil & Gas, Mining, Energy and Utilities, Telecom, and Others)
Innovation in Fall Protection Equipment to Provide Growth Opportunities for Fall protection Equipment Market During 2021-2028
According to our latest market study on "Fall Protection Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type and Application," the market is expected to grow from US$ 2,934.86 million in 2021 to US$ 4,606.61 million by 2028; it is estimated to grow at a CAGR of 6.4% during 2021-2028.

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With the rising speed and progress of structure and building design, the problems and hazards associated with it are also increasing. To maintain safety requirements, the safety equipment must also be upgraded over time. As a result of changing patterns, governments across the world have revised their fall protection requirements. Current fall prevention equipment have undergone adjustments as a result of the revised standard. The standard mandates that gate strength requirements for snap hooks and carabiners be doubled to 3,600 pounds in all directions of possible loading. The old ANSI standard demanded 220 pounds on the gate's face and 350 pounds on the gate's side, even though many manufacturers were already fulfilling the new standard's criteria when it was approved. To optimize fall arrest, harnesses must now include D-rings in the front and rear, and twin-leg lanyards must be tested before use and have cautions on product labels on how to use them appropriately. As a result, fall protection equipment suppliers will see creating adjustable fall protection equipment as a prime opportunity.

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Based on type, the fall protection equipment market is segmented into soft goods, hard goods, rescue kits, body belts, full body harness, and others. The hard goods segment is the leading segment as it offers enhanced safety. Moreover, the rising innovation in this segment is supposed to boost market growth. However, the increasing demand for full body harness systems from all industrial users is helping the segment to grow at the highest CAGR. In terms of application, the fall protection equipment market is divided into construction, oil and gas, transportation, energy and utilities, and telecom. To ensure the effective flow of activities and to maintain workers' safety, each industry requires fall protection equipment in its facilities. In 2020, the construction segment accounted for the largest market share.

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3M; Falltech; French Creek Production; Frontline; Gravitec Systems, Inc.; Guardian Fall (Pure Safety Group, Inc.); Honeywell International Inc; Kwiksafety; Kee Safety, Inc; and Msa. are among the key fall protection equipment market players profiled during this market study. In addition to these players, several other important market players were studied and analyzed during this market research study to get a holistic view of the global market and its ecosystem.

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