The report "Fall Protection Market by Type (Soft goods, hard goods, installed system, access system, rescue kit, services), END-USE INDUSTRY (construction, general industry, OIL & GAS, energy & utilities, telecom, transportation, mining) - Global Forecast to 2027", is projected to grow from USD 1.97 billion in 2018 to USD 3.97 billion by 2027
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Drivers & Opportunities in global industry:
Stringent Government Regulations
Increasing Demand for Fall Protection Equipment From Construction Industry
Growing Awareness of Industrial Safety
High Growth Opportunities for Access System
Industrial Growth in Asia-Pacific
Key players operating in the global fall protection market include 3M Company (US), Honeywell International Inc. (US), MSA Safety Inc. (US), Werner Co. (US), GF Protection Inc. (US), SKYLOTEC GmbH (Germany), W.W. Grainger, Inc. (US), Total Access (UK) Ltd. (UK), Kee Safety, Inc. (UK), and FallTech (US).
The growth of the fall protection market was largely influenced by new product developments over the past five years. Companies such as 3M Company, Honeywell International Inc., MSA Safety Inc., and GF Protection Inc. undertook new product developments, expansions, mergers & acquisitions, and partnerships to expand their regional presence and enhance their product offerings.
The 3M Company (US) is a key player in the global fall protection market. The company offers a comprehensive range of fall protection products for various end-use industries, such as construction, general industry, oil & gas, telecom, transportation, energy & utilities, and mining. The company adopted new product developments and mergers & acquisitions as its major growth strategies. In August 2015, the company acquired Capital Safety (US) to expand its business of fall protection products across the global.
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Honeywell International Inc. (US) is another leading manufacturer in fall protective market. The company adopted new product developments as a key growth strategy to expand its business globally. The company offers a wide range of fall protective equipment for construction, general industry, oil & gas, telecom, transportation, energy & utilities, mining, and other industries. For example, Honeywell Söll GlideLoc ladder and Söll BodyControl are used in telecommunication, utilities, and general industries.
In January 2016, the company introduced innovative fall arresters for height protection against dangerous backward fall.
3M Company (US), Honeywell International Inc. (US), MSA Safety Inc. (US), Werner Co. (US), GF Protection Inc. (US), SKYLOTEC GmbH (Germany), W.W. Grainger, Inc. (US), Total Access (UK) Ltd. (UK), Kee Safety, Inc. (UK), and FallTech (US) are some of the leading players in the global fall protection market.
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