Fall Protection Equipment Market was valued US$ 2.49 Bn in 2021 and is expected to reach 3.97Bn by 2027, at a CAGR of 8.1% during a forecast period.
Fall protection equipment is a form of protective equipment that is used in various end use industries to keep people safe when working at heights. Utilising ergonomically designed fall protection equipment can assist prevent repetitive stress injuries and get rid of stress injuries brought on by overusing muscles. Fall protection gear includes things like full body harnesses, chest harnesses, safety nets, body belts and suspension belts. Full body harness equipment is one of these that is widely employed in rescue operations due to its better support.
The fall prevention equipment market is divided into two segments: product type and application. According to the type of product, the fall protection equipment market is segmented into soft goods, hard goods, rescue kits, body belts, full body harness, and others. The first part of a fall prevention system is the soft goods, which are made of rope, synthetic fibres and webbing and require regular updating. Ropes, harnesses, and lanyards are a few of the major subcategories of soft goods. These tools are used to join a fixed and non-stationary object. They are often made of rope, cable, or webbing with locking gear.
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The Fall Protection Equipment Market – Segmentation
The Fall Protection Equipment Market fragrance concentrates market has been sub-classified into type, end-user.
On the basis of type, the Fall Protection Equipment Market is bifurcated into:
• soft goods
• hard goods
• installed systems
• access systems
• rescue kits
• services
• others
On the basis of end-user, the market segmented into:
• construction
• mining
• oil and gas
• energy
• transportation
• telecom and utility
• general industry
• Others
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Market Dynamics:
A protective tool utilised in many end-use industries to shield workers from harm is fall protection equipment. One of the main factors driving the global market for fall prevention equipment is stringent government requirements pertaining to employee safety. With the fast industrialization, it is anticipated that end-user industries including construction, mining, energy, and utilities sector will see an increase in demand for fall protection equipment such body belts, suspension belts, body harness, fall arrest system, and safety nets.
The Fall Protection Equipment – Growth Factor
One of the main factors fuelling the market’s expansion is the rapid industrialization taking place all over the world. Accordingly, occupational hazards are becoming more common as a result of inadequate safety measures at various manufacturing, mining, and other industrial sites. In order to protect priceless human resources, fall protection equipment has been widely adopted as a result. The market growth is also being boosted by the construction industry’s notable expansion. Working at elevated platforms, walkways, steep roofs, wall openings, and the edges of excavated areas puts construction workers in danger of falling. As a result, the workers are typically protected with the proper fall protection gear to avoid any mishaps. The development of safety gear for leisure activities like rock climbing, zip lining, ice climbing, mountaineering, and bungee jumping, as well as the implementation of strict government regulations supporting workplace safety and health standards, are expected to further fuel the market.
Key highlights of the report:
● The report provides assessments of Fall Protection Equipment share at both country and regional levels.
● The report includes a competitive landscape analysis that identifies key industry trends.
● The report analyzes market trends, including product and technology trends, drivers and barriers, and PORTER’s five forces analysis.
● The report offers strategic recommendations for essential business segments based on market forecasts.
● The report provides guidance for new entrants to the market.
● The report contains market forecasts for all relevant segments, sub-segments, and regional markets.
