Edge Protection System Market Size, Share, Growth, and Industry Growth, By Type (Concrete Edge Protection System, Steel Edge Protection System, and Timber Edge Protection System), By Application (Commercial Construction, Infrastructure, and Industrial), Regional Forecast To 2031

Edge Protection System Market REPORT OVERVIEW

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The global edge protection system market size was USD 381.5 million in 2021 and market is projected to touch USD 602.67 million by 2031, at a CAGR of 4.7% during the forecast period.

An edge protection system is a wall system that protects the construction site’s edges from potential hazards such as fire, excavation, or any other destructive situations. It is inbuilt with a high-impact sheet of polycarbonate, which can be anchored to the existing wall’s top. This panel drops over one or both sides of the building when not in use to affect the views for pedestrians. It is used for protecting the building sites and concrete structures during construction. It offers safety to the people that work on the edge of the design. It can be made by using steel, concrete, or timber materials. It can be defined as a structural barrier used to protect a structure or area from materials on edges and falling objects such as ledges, roofs, and others. 

It is also known as EPS (Edge Protection System) and offers security from potential dangers such as natural hazards or accidents such as landslides, hailstorms, earthquakes, and others. It ensures the general public’s safety. The market has various types of product available such as steel and timber. These two are the most used EPS as it ensures extra strengths. These factors may surge growth in the market. It is used in infrastructure projects for protecting the edges from various hazards and impacts. 

COVID-19 Impact: Shut Down of Construction Activities Retarded Market Growth

Every market was affected by the epidemic, which had a long-lasting impact on its expansion. The rapid pandemic epidemic had an impact on the market in a number of ways, including by impeding demand, manufacturing, and shipping. In the global market, there have been significant upheavals. The market experienced a decline in manufacturing, supply, and demand. Due to decreased production and supply of the product, the chemicals sector also saw a decline in growth. The market's growth rate was impacted by the market's slow demand-supply balance. The construction activities were put on hold, which affected the growth rate of the market. 

LATEST TRENDS

"Rising Safety Concerns to Surge the Market Growth"

The rising accidents on construction sites are expected to surge growth in the market. The trend of innovative infrastructures with multiple designs is increasing the product demand. The government imposes strict rules and regulations for public safety on construction sites. The tendency of adopting advanced technologies in every sector is expanding the edge protection system market growth. These systems are effective and can also prevent the risk of falling from the edge of the building. These factors are forecasted to surge the market growth. The rising construction activities lead to an increasing number of accidents on the construction sites. To avoid any heavy casualty, the contractors are installing EPS on the edge of the buildings. 

Edge Protection System Market Segmentation

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• By Type Analysis

By type, the market is segmented into concrete edge protection systems, steel edge protection systems, and timber edge protection systems. 

• By Application Analysis

Based on application, the market is classified into commercial construction, infrastructure, and industrial. 

DRIVING FACTORS

"Product Adoption in Commercial Construction Activities to Boost Product Demand"

The rising commercial construction activities are anticipated to surge the product demand in the market. The high volume of industrial activity and foot traffic is encouraging the adoption of EPS. The escalating global infrastructure and building investments are expected to aid companies in investing heavily in the system. Additionally, the increasing demand for reconstruction, retrofitting, or rehabilitation works on the construction projects such as tunnels and bridges due to the rising number of aging infrastructure are projected to foster growth in the edge protection system market. 

"Increasing Adoption of the Product in the Industrial Sector to Aid Market Growth"

The industrial sector requires a packaging system as it determines the effectiveness and functionality of the packaging solutions. The product is widely used in transportation and shipping as it plays a crucial role in the protection of the product and its safety. It also reduces the chances of product damage and ensures the bulk items arrangements during transportation of the products. It is used in industrial, infrastructural, and commercial construction sectors. The adoption of the product in these industries is likely to surge edge protection system market growth.  

RESTRAINING FACTORS

"Fluctuation in Raw Materials Availability to Impede the Market Growth"

The variation in the availability of raw materials is forecasted to retard the market growth. Additionally, the higher cost of the products and their installation is resisting the small-sized industries from adopting the edge protection systems. Fluctuation in economic strategies may challenge growth. Moreover, the price of raw materials is rising, which may impede growth in the market. 

Edge Protection System Market REGIONAL INSIGHTS

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"North America to Lead the Market Due to Increasing Awareness of Infrastructural Protection"

North America is projected to hold a dominant position in the edge protection system market share due to escalating awareness for slab edge protection with various flexible materials. 

Asia Pacific is anticipated to show significant growth in the market owing to the rising per capita income in developed and developing economies coupled with the rising investments in construction activities in commercial and residential sectors. 

Europe is forecasted to show sizable growth due to the growing awareness of protection techniques during the construction of buildings.  

KEY INDUSTRY PLAYERS

"Key Companies Emphasize On Gaining Mergers and Collaborations to Expand Growth"

Important market participants work to implement tactics that will provide the company with long-term growth. The corporations place a strong emphasis on expanding their product line by introducing new items. Important players also concentrate on increasing their visibility through partnerships, agreements, joint ventures, expansions, and investments. The major players are well-represented on the international edge protection system market. They also place a strong emphasis on expanding their regional distribution networks to acquire a competitive edge. The businesses are introducing new, more effective products.

LIST OF TOP Edge Protection System COMPANIES

• BrandSafway (U.S.)
• PERI (Germany)
• Doka (India)
• Altrad Group (France)
• ULMA (Spain)
• Rapid-EPS (U.K.)
• SafetyRespect (Norway)
• Honeywell(Combisafe) (U.K.)
• Billington (U.K.)
• KGUARD International (U.K.)
• TLC Group (India)
• Ischebeck Titan Limited (U.K.)
• Integrity Worldwide (Canada)
• J-SAFE (U.K.)

REPORT COVERAGE

The report offers a comprehensive overview of the market, including various factors such as growth rate, COVID-19 impact, market drivers, and other factors. The qualitative and quantitative insights of the market are represented in the report. The report also offers an elaborative analysis of the market and factors expected to surge or retard the growth of the market. Various market insights are covered in the report. Porter’s five force analysis and SWOT analysis are completed to gain market insights. The report also represents the information about the key market players. The trends driving growth in the industry are also presented in the report.