[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 global fall protection market has been segmented into soft goods, hard goods, installed system, rescue kit, access system, and services. The access system segment is projected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the rising demand for tripods and confined space kits for ease of work in hollow areas, such as tanks, vessels, and sewers.

Based on end-use industry, the construction segment is projected to witness the highest growth between 2017 and 2022. Workers in the construction industry are often exposed hazards when working at heights in areas, such as building structures, scaffolds, and stairs, among others. Fall protection equipment is required to protect workers from such hazards.

The fall protection market in Asia Pacific is projected to witness the highest growth between 2017 and 2022. This growth can be mainly attributed to the rapid infrastructure development, high investments in new industries, and rise in residential & commercial building construction activities in countries, such as India, Indonesia, Thailand, and China.

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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For more details: https://www.prnewswire.com/news-releases/fall-protection-market-worth-269-billion-usd-by-2022-645729523.html

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