Fall Protection Market worth USD 1.97 Billion by 2027, registering a CAGR of 8.1%


Posted October 12, 2020 by armaan007

Fall Protection Market expected to be valued at USD 1.97 Billion by 2027, at a CAGR of 8.1%, during 2018–2027

 
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". Fall Protection Market is projected to grow from USD 1.97 billion in 2018 to USD 3.97 billion by 2027

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Browse 68 market data Tables and 54 Figures spread through 141 Pages and in-depth TOC on "Fall Protection Market”

The growth of the market is driven by the increasing awareness regarding industrial safety and stringent government regulations pertaining to safety in various industries. Increasing demand of fall protection equipment from construction industry is also one of the major driver. On the other hand, increasing automation in end-use industries is expected to restrain the growth of the market.

The access system segment is projected to witness the highest growth during the forecast period

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.

The construction segment is projected to witness the highest growth during the forecast period

Based on end-use industry, the construction segment is projected to witness the highest growth during forecast period. 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.

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Asia Pacific is expected to be the fastest-growing market for fall protection products during the forecast period

The fall protection market in Asia Pacific is projected to witness the highest growth during forecast period. 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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