Fall Protection Market Global Industry Overview and Competitive Landscape till 2022


Posted May 7, 2019 by armaan007

Global Fall Protection Market is estimated to be USD 1.82 Billion in 2017 and is projected to reach USD 2.69 Billion by 2022

 
[141 Pages Report] The Global Fall Protection Market was valued at 1.69 Billion in 2016 and is projected to reach 2.69 Billion by 2022, at a CAGR of 8.1% from 2017 to 2022. In this report, 2016 is considered as the base year and the forecast period is from 2017 to 2022. Asia Pacific is projected to be the fastest-growing market for fall protection equipment, due to the increasing awareness for safety at workplace and stringent government regulations in the construction, oil & gas, energy & utilities, telecom, general industry, mining, and transportation industries in the region. The construction industry is expected to drive the fall protection market during the forecast period.

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Based on type, the soft goods segment is projected to be the largest segment of the market. The access system segment is expected to witness the highest growth between 2017 and 2022. The growth of the soft goods segments can be attributed to the increasing demand for soft goods as an essential material to be used with other types of fall protective equipment, such as hard goods, installed system, rescue kit, and access system. Soft goods provide comfort and ease of work at heights.

Based on end-use industry, the construction segment is projected to witness the highest growth between 2017 and 2022. This growth can be mainly attributed to the rising demand for safety on construction sites. Mandates by governments of several countries around the globe, pertaining to the use of fall protection equipment to reduce the number of accidents and causalities during construction activities, is expected to further fuel the growth of this segment.

 The Asia Pacific region is projected to be the fastest-growing market for fall protection products. The growth of the market in this region can be primarily attributed to the increasing demand for fall protection in the construction, oil & gas, general industry, oil & gas, energy & utilities, telecom, transportation, and mining industries.

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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Issued By Markets And Markets
Country India
Categories Construction , Energy , Transportation
Tags Fall Protection , fall protection end-use industry , Fall protection manufacturers , Fall protection industry , Fall protection market
Last Updated May 7, 2019