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November 9, 2020

Fall Protection Market Size, Share, By Players, Types, Applications and Forecast 2027

The Global Fall Protection Market is projected to reach a value of over USD 3.5 billion by 2027 at a CAGR of around 5.9%.

Fall protection is a safety equipment referred to any type of planned system to prevent or minimize falls from construction sites and many other places. Fall protections are mostly commonly used in construction sites that are at heights and is achieved by different methods. There are four categories of fall protection such as fall elimination, fall arrest, fall prevention, and administration control. Fall protection equipment is constantly evolving to simplify and improve traditionally dangerous tasks for which there have previously no safer methods. Developing user friendly equipment, industrial specialization, and customization are some of the major trends across each fall protection equipment.

Fall Protection Market: Drivers & Challenges

Market Driver:

Stringent Government Regulations

Growing concerns regarding safety of workers from hazardous environmental conditions working in different end-use industries owing to which government has imposed rules and regulations. The Occupational Safety and Health Administration (OSHA) has imposed a regulation that sets and enforces protective workplace safety and health standards. For instance, OSHA has published regulation 1926.502 for fall protection criteria and practice. Additionally, Canadian Center of Occupational Health and Safety has provided fall protection plan which will help to reduce risks associated with near openings or at heights.

Thus, stringent regulations and guidelines are imposed by the government which has anticipated to surge the Fall Protection Market growth during forecasted period.

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Increasing Demand Form Construction Industry

Falls are the second leading cause accidental or unintentional injury deaths across the globe. According to World Health Organization, an estimated 646,000 individuals died globally of which over 80% are in low and middle income countries in 2018. Constructions sites usually requires workers to operate at elevated platforms such as aerial work platforms (AWP), ladders, scaffolding, and hoist elevators. Many a times, construction workers also have to operate close to the edge of excavated areas, elevated walkways, steep roof, wall opening, and working surfaces with cutouts. Thus, they are susceptible to accidents by fall. For instance, according to Health & Safety Executive, 30 fatal injuries were reported in the UK in year 2019. Thus, increasing safety concerns of workers has increased the demand for fall protection form construction industry which in turn will boost the market growth.

Market Restraint:

Increased Automation in End-use Industries

Industrial automation is the use of control system such as robots or computers, and information technologies for handling different processes and machineries in industries replacing human beings. Main purpose of automation was to increase productivity and reduce the cost associated with human operators. High productivity, high quality, high flexibility, high information accuracy, and safety are benefits offered by automation owing to which they are gaining popularity. For instance, 3D printing technology in constructions helps to build a building in short time span and without human intervention. Thus, adoption of various automation methods across end-use industries may hinder the growth of fall protection equipment during the forecasted period.

Fall Protection Market: Key Segments

  • On basis of type: Hard Goods, Soft Goods, Installed System, Access System, Rescue Kit and Service
  • Based on end-use: Construction, Oil & Gas, Energy & Utilities, Transportation, Mining, and Others
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America with individual country-level analysis.

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Fall Protection Market: Report Scope

The report on the Fall Protection Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Fall Protection Market include:

  • 3M (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Pure Safety Group
  • Honeywell International Inc.
  • FrenchCreek Production, Inc.
  • FallTech
  • MSA
  • W. Grainger, Inc.
  • WernerCo
  • Kee Safety, Inc.
  • Petzl
  • Skylotec GmbH
  • Super Anchor Safety
  • SafeWaze
  • Simplified Safety, Inc.
  • Safe Approach Inc.
  • Other Key Companies

Fall Protection Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Fall Protection Market, by Type

Hard Goods

  • Rope Grabs
  • Anchors
  • Karabiner
  • Retractable Blocks

Soft Goods

  • Harnesses
  • Lanyard
  • Ropes
  • Body Belts

Installed Goods

  • Vertical System
  • Horizontal System

Access System

Rescue Kit

Service

  • Training
  • Installation and Maintenance

Fall Protection Market, by End-use

  • Construction
  • Oil & Gas
  • Energy & Utilities
  • Transportation
  • Mining
  • Others

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Fall Protection Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions Answered by The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

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Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Stringent Government Regulations
      2. Increasing Demand Form Construction Industry
    3. Opportunities
      1. Growth Opportunities for Access System
    4. Restraint
      1. Increased Automation in End-use Industries
    5. Challenges
      1. Availability of Cheaper Fall Protection Equipment
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL FALL PROTECTION MARKET BY TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hard Goods
      1. Rope Grabs
      2. Anchors
      3. Karabiner
      4. Retractable Blocks
    3. Soft Goods
      1. Harnesses
      2. Lanyard
      3. Ropes
      4. Body Belts
    4. Installed System
      1. Vertical System
      2. Horizontal System
    5. Access System
    6. Rescue Kit
    7. Service
      1. Training
      2. Installation and Maintenance
  7. GLOBAL FALL PROTECTION MARKET BY END-USE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Construction
    3. Oil & Gas
    4. Energy & Utilities
    5. Transportation
    6. Mining
    7. Others
  8. GLOBAL FALL PROTECTION MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  9. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  10. COMPANY PROFILES
    1. 3M
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Pure Safety Group
    3. Honeywell International Inc.
    4. FrenchCreek Production, Inc.
    5. FallTech
    6. MSA
    7. W.W. Grainger, Inc.
    8. WernerCo
    9. Kee Safety, Inc.
    10. Petzl
    11. Skylotec GmbH
    12. Super Anchor Safety
    13. SafeWaze
    14. Simplified Safety, Inc.
    15. Safe Approach Inc.
    16. Other Key Companies
  11. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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November 9, 2020, 11:16
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