Fall Protection Equipment Market Size, Share, and Industry Analysis, By Type (Harness, Lanyard, Self-Retracting Lifeline, Belt, Others), By Application (Construction, Manufacturing, Oil and Gas, Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Fall Protection Equipment Market REPORT OVERVIEW

• 
• Request a Free Sample to learn more about this report

The global fall protection equipment market size was USD 4027.4 million in 2022 and market projected to touch USD 8323.1 million by 2031, at a compound annual growth rate (CAGR) of 8.4% during the forecast period.

Fall protection equipment represents a kind of protective equipment utilized in a variety of end use sectors to keep workers safe when working at heights. The use of ergonomic design fall protection equipment can help to avoid cumulative trauma injury problems and remove stress injuries caused by muscle overuse. Fall protection equipment includes full body harnesses, chest harnesses, safety nets, body belts, and suspension belts. Among such, complete body harness hardware or equipment is widely used during rescue operations due to its enhanced support. Fall protection equipment is used in a variety of end-use industries, including building projects, transportation, extraction, energy and utility, telecom, and others. Due to their high demand, fall protection equipment is widely utilized in the energy and utility sectors.

COVID-19 Impact: Supply and Lockdown Hindrances to Deplete Market Advancement

The COVID-19 pandemic had a detrimental effect on most market outlook. The fall protection equipment is extensively used by the many industries to minimize the site accidents or issues, and the continued utilisation of this equipment for work efficiency proved to be beneficial for the fall protection equipment market share. However, the situation returned to normal after the lockdown due to conservative workplace conditions and vaccination procedures, resulting in the revival of all the activities around the world, making it appropriate for the fall protection equipment market dynamics.

LATEST TRENDS 

"Increase in Research and Marketing to Intensify Market Magnification "

Hard core helmets, full body harnesses, toughened shoes, and gloves are always considered necessary to be dressed during building projects, prompting manufacturers to develop targeted solutions, boosting equipment revenue. Players in the industry are quickly making investments in research and marketing in order to produce more durable, lighter, and impact-resistant equipment. Moreover, increasing technological developments in material research, as well as increased adoption of more advanced polymers and fibers, are predicted to boost the market demand. 

Fall Protection Equipment Market SEGMENTATION 

• 
• Request a Free Sample to learn more about this report

• By Type

Based on type; the market is divided into harness, lanyard, self-retracting lifeline, belt, others

Harness is the leading part of the type segment

• By Application

Based on the application; the market is divided into construction, manufacturing, oil and gas, others

Construction is the leading part of the application segment. 

DRIVING FACTORS

"Government Regulations to Assist Market Evolution "

Material research is being rapidly invested in by industry players in order to produce lightweight, shock-resistant, and fire-resistant solutions. These answers not only reduce the risk of fatal falls, but they also defend the wearer from high-intensity shocks and fire. Government regulations aimed to decrease electrical shock mortality rates, as well as rapid acceptance in the telecom sector, will contribute to the expansion of fall protection equipment market growth.

"Increasing Adoption Rate by Industries to Nurture Market Expansion "

Due to the increasing safety regulations and standards to protect workers, the factory or industrial fall protection equipment market credited by durable goods is expected to grow at a rate of more than 10.5% through 2026. These products are quickly being used to protect sensitive areas from debris falling, slips, and collisions in the production, automotive, construction, and oil and gas industries. Hard goods act as an effective external barrier, soaking up influence and shock and protecting the rib cage, skull, toes, and forearms. The hard goods segment, which primarily consists of carabiners, fasteners, and detachable blocks, is expected to see significant market gains. They are an essential component of a fall protection system, that also is placed on the roof and linked to lanyards, life vests, and some other forms of tie-off to protect a working person from collapsing.

RESTRAINING FACTORS

"Shortage of Demand to Diminish Market Growth "

The sale of low-quality and low-cost products is expected to be a factor impeding the growth of the fall protection equipment market during the forecast period. Furthermore, a shortage of demand from developing nations due to a lack of awareness and the use of sub-standard products will restrain the growth of the market over the forecast period. Moreover, non-compliance with regulations and guidelines by industrial sector players is a significant challenge for manufacturing. This factor is also expected to restrain the growth of the equipment market during the forecast period.

Fall Protection Equipment Market REGIONAL INSIGHTS

• 
• Request a Free Sample to learn more about this report

"Rapid Technical Advancement to Foster Market Growth in North America "

The North America region fall protection equipment industry is expected to generate around USD 9.6 billion in revenue by 2026, owing to rapid technical advancement in material development and rising demand for advanced products. Regional industry players are rapidly adopting high-quality safety equipment in order to decrease fatalities and redundancy and medical costs. Furthermore, strict government regulations designed to protect consumer and labor rights will boost regional market share. Product demand is expected to rise as general industry sectors and e-commerce networks expand. Furthermore, general companies are predicted to have a significant potential for industry development due to low compliance levels in these verticals and rise in awareness of safety trends.

KEY INDUSTRY PLAYERS

"Notable Players in the Industry to Promote Market Expansion "

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled 

• 3M (U.S.)
• MSA (U.S.)
• Petzl (France)
• Karam (India)
• TRACTEL (Canada)
• SKYLOTEC GmbH (Germany)
• Honeywell (U.S.)
• ABS Safety (U.S.)
• FallTech (U.S.)
• Elk River (U.S.)
• Bergman & Beving (Sweden)
• Irudek 2000 (Spain)
• Guardian (U.S.)
• GEMTOR (U.S.)
• FrenchCreek (U.S.)
• Safe Approach (U.S.)
• Super Anchor Safety (U.S.)
• Sellstrom (U.S.)
• P&P Safety (U.K.)
• CSS Worksafe (U.K.)

REPORT COVERAGE

The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.

The report also examines the equipment market's current state of development and its overall market trend. It also separates the market by categories based on type and applications in order to conduct a detailed study and demonstrate the industry's characteristics and prospects. By taking into account a range of elements, such as growth rate, trends, industrial advancements, technologies, growth, distribution, and barriers, it offers a thorough assessment as well as a detailed analysis.

If the significant competitors or the predicted assessment of market dynamics change, the analysis would need to be updated. In terms of production, this study looked at consumption, manufacturing, annual growth, and share prices of manufacturers. It also delivers detailed information and cutting-edge assessment required to create an ideal strategic plan and outline the best path for speedy growth for all industry participants. With this knowledge, participants will be better able to build new strategies are focused on market prospects that would benefit them, thereby rendering their company ventures successful. The market informs the readers about its product lines, applications, and specifications. The research identifies key market players and highlights the strategies used by the businesses to strengthen their market position. The strong points, weaknesses, possibilities, and configurations of major manufacturers are comprehensively derived and cited in the report through extensive use of situation analysis tools. Every major player in this world market is profiled, including types of products, companies set up, revenues, skilled workforce, applications, and other requirements. The market has been steadily expanding in recent years and is expected to expand even further in the coming years.