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Fall Protection Equipment Market is Boosted by Demand for Commercial and Residential Spaces

06-22-2023 03:14 PM CET | Industry, Real Estate & Construction

Press release from: Global Insight Services

Fall Protection Equipment Market is Boosted by Demand

The global fall protection equipment market was valued at US$ 2.9 billion in 2021 and it is anticipated to grow up to US$ 5.3 billion by 2031, at a CAGR of 6.0% during the forecast period.

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Fall protection equipment refers to various products and equipment that are used for preventing industrial workers from injuries when working at heights. Some of the commonly used fall protection equipment includes on-body and off-body products. On-body products, such as safety nets, body belts, connecting devices, suspension belts and full body and chest harnesses, are primarily attached to or worn on the body to arrest falls. On the other hand, off-body products, such as skylight guards and guard rails, are installed on a physical structure to prevent the worker from falling. These products find extensive applications across various industries, including construction, mining, transportation, utilities and telecommunication.

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Market Drivers and Trends

The rise in construction activities around the world is a primary element driving the fall protection equipment market. As Asian countries such as India and China are witnessing significant population growth, the demand for commercial and residential spaces in these countries is constantly expanding. The global economy is currently experiencing a severe slowdown due to a developing credit constraint that is causing economies around the world to miss their developmental ambitions. Infrastructure remains a major priority for addressing developmental gaps in the current scenario, as it is seen as omnipotent and capable of bringing economies out of financial upheaval. Governments all over the world are pumping money into physical and social infrastructure to increase the demand for products and services by creating jobs.

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Global Fall Protection Equipment Market Segmentation

By Type

Soft Goods
Hard Goods
Rescue Kits
Body Belts
Full Body Harness
Others

By Application

Construction
Transportation
Oil and Gas
Mining
Energy and Utilities
Telecom
Others

By Region

North America
The U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East
Africa

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Major Players in the Global Fall Protection Equipment Market

The key players studied in the global fall protection equipment market are 3M Company (U.S.), FallTech (Canada), French Creek Production (U.S.), Frontline (U.S.), Guardian Fall (U.S.), Honeywell International Inc. (U.S.), Kee Safety Inc. (U.S.), Omkar Safety And Power Private Limited (India), Safewaze (U.S.), and Tritech Fall Protection Systems, Inc. (U.S.).

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Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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