Fall Protection Market is Forecasted to Reach US$ 4.9 billion in 2030, Says Stratview Research

The global fall protection market is projected to witness a growth rate of 5.6% annually from 2024 to 2030, with an anticipated size of US$ 4.9 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global fall protection market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2030: US$ 4.9 billion
Growth (CAGR): 5.6% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Fall Protection Market:

The global fall protection market is segmented based on type, end-use industry type, and region.

Based on type - The fall protection market is segmented into soft goods, hard goods, installed systems, access systems, rescue kits, others, and services.
Soft goods are expected to remain dominant whereas access systems will be the fastest-growing in the market during the forecast period. Growing regulatory standards and an increase in the demand for workplace safety products prioritize soft goods for fall protection due to their effectiveness in reducing impact forces and minimizing injury risks.

Based on end-use industry type - The market is segmented into construction, manufacturing, oil & gas, utility, telecom, and others [wind energy, transportation, and mining].
The construction industry is expected to remain the dominant in the market during the forecast period. The construction industry is expected to remain the biggest demand generator for fall protection in the years to come. The expected rise in construction activities paired with the increased use of fall protection equipment is primarily driving the market demand.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/746/fall-protection-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest as well as the fastest-growing market for fall protection during the forecast period. This growth outlook is majorly attributed to the following-

• In terms of regions, the market is segmented in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
• The dominance of the construction industry is ultimately the cause for the Asia-Pacific to be the largest market for fall protection. Also, China is the largest turbine installer.

Fall Protection Market Drivers:

Some of the key drivers listed in the report are given below.
• Increasing Construction Spending: With the growing demand for residential and commercial buildings, the construction sector is booming; hence, it will be driving the need for fall protection equipment.
• Increase in Offshore Oil Rig Operations: There's a substantial increase in the rig count in the offshore oil & gas but at the same time the workers face safety risks without proper safety procedures and equipment in place, therefore, ongoing fall prevention efforts are essential for safety in the oil & gas industry.
• Growing Wind Turbine Installations: There has been a noticeable growth in wind energy installations in the past few years across all regions, leading to an increased demand for fall protection equipment as workers are required to operate at elevated heights.

Top Companies in the Fall Protection Market:
Stratview Research has identified the following companies as the top market players.
• 3M Company
• Delta Plus Group
• Gravitec System, Inc.
• Guardian Fall Protection Inc.
• Honeywell International Inc.
• Kee Safety, Inc.
• MSA Safety Inc.
• Skylotec GmbH
• The Petzl Group
• WernerCo.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Fall Protection Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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• Fall Protection Kits Market: https://www.stratviewresearch.com/2386/Fall-Protection-Kits-Market.html

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This release was published on openPR.