Press release
Fall Protection Equipment Market to Record an Exponential CAGR By 2025
Fall protection equipment are used in various end use sector such as construction, transportation, mining, energy and utility and telecom and other industrial sector. Among these, fall protection equipment are widely used in energy and utility sector owing to high demand.
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Stringent and safety regulations from government organization regarding safety of workers is anticipated to be a factor which give traction to the growth of fall protection equipment market over the forecast period. Increasing demand of fall protection equipment such as body belts, suspension belts, body harness, fall arrest system and safety nets from construction, mining and energy and utility sector is expected to boost the growth fall protection equipment market over the forecast period. Furthermore, stringent and comprehensive safety regulations from various government organizations to ensure worker safety will further drive the fall protection equipment market over the forecast period. That apart, rising concerns about overall safety, growing fleet size of emergency service and increasing regulatory mandates at place of work will also add growth to the fall protection equipment market in the near future.
Sale of low quality and inexpensive products is anticipated to be a factor which hampers the growth of fall protection equipment market over the forecast period. Moreover, Lack of demand from developing countries owing to lack of awareness and use of sub-standard product will also act as a restraining factor for the growth of fall protection equipment market during the forecast period. Furthermore, non-compliance with standards and regulation by the players in industrial sector is a key challenge faced by manufacture. This factor is also anticipated to hinder the growth of fall protection equipment market over the forecast period.
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North America will be closely followed by Europe during the forecast period. Both of these markets are expected to witness immense growth in the fall protection equipment market due to rapid industrialization. Asia Pacific, in particular, is projected to witness growth in the fall protection equipment market due to the expected growth in the construction industry during the forecast period. Latin America is expected to grow at a significant CAGR during the forecast period owing to high demand of fall protection equipment in the growing energy and utility sector in the region. The Middle East and Africa region is projected to support growth of the fall protection equipment market over the forecast period, due to expected demand of equipment in upcoming years.
Fall Protection Equipment Market: Market Participants
Examples of some of the market participants identified across the value chain of the global fall protection equipment market include:
Honeywell International Inc.
Simplified Safety
Uvex Safety Group
Guardian Fall Protection
Eurosafe Solutions
Capital Safety
ABS Safety
Gravitec System
French Creek Production
FallTech
DBI-SALA
Super Anchor
3M Fall Protection
Karam Industries
GF Protection Canada Inc.
MECHANICAL SAFETY EQUIPMENT, CORP.
Cofra Holdings AG
Alpha Pro Tech Ltd.
Rock Fall Ltd.
UltraSafe USA
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