Safety Net Market Size, Share, Growth, and Industry Analysis, By Type (Nylon Safety Netting, Whalen Safety Netting, Polyester Safety Netting and others), By Application (Building, Agricultural, Household and others), and Regional Forecast to 2031

Updated On: 29 April 2024

Safety Net Market REPORT OVERVIEW

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The global safety net market size was USD 12911.48 million in 2021. As per our research, the market is expected to reach USD 22428.61 million in 2027, exhibiting a CAGR of 9.64% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with safety net market experiencing Lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Netting that is draped beneath scaffolds to catch falling objects or tools is known as a safety net. They are also used as an additional safety measure in zoos and entertainment parks. They may appear to accomplish little more than block the fall, but they actually do more than that. A parallel safety net is a network of nets strung at different levels between support points. The net's ends are connected to cables or ropes that may be fastened to supports or utilised with self-climbing equipment like vertical Lifelines. Parallel nets can provide fall protection over long distances and should always be built for the exact conditions in which they will be put.

 Vertical netting is a type of safety barrier that may be mounted to the building's outer walls. They are mostly used to provide perimeter security for balconies, mezzanines, and roofs. Vertical nets have been constructed with various heights in mind from which individuals may fall or jump. Mesh products are commonly used to safeguard employees on elevated platforms from falling. The mesh net is suspended between temporary poles, allowing it to be stretched tight and aligned with the platform above. Workers may easily cross these nets; however, any materials or tools that fall will trap in the mesh of the net rather than harming someone below.

COVID-19 Impact: Supply chains distort the market.

The COVID-19 outbreak had an impact on building and constructions, causing market instability, a drop in customer confidence, and difficulties with import and export commerce. The sourcing of raw materials, packaging, and distribution are all parts of the global supply chain. Due to lockdowns, moving commodities, chemicals, and other products has become difficult. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for material. Construction manufacturers are concentrating on safeguarding their personnel, business processes, and supply chains to deal with this severe scenario. The pandemic altered the dynamics of the industry, compelling organisations to redesign every aspect of their operational frameworks in order to preserve stability amid the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall building and construction materials industry. This has partially impacted the industry. 

Safety Net Market LATEST TRENDS

"Advancements in the Technological features to stimulate market expansion"

Construction businesses are looking for real-time monitoring and surveillance solutions. Manufacturers of the product can link their goods with IoT and sensor-based technologies to create intelligent and automated safety solutions. With the global expansion of commercial greenhouses and vertical farming installations, the agricultural business is offering attractive prospects for the product makers. They are utilised in greenhouse cladding and shade, while protective netting is employed in vertical farms. Rapid urbanisation in emerging economies is driving significant investments in infrastructure projects such as the construction of new megacities, motorways, trains, ports, power plants, and dams. Manufacturers are developing lightweight and high-strength safety netting systems because to advancements in polymer and composite technology. Lightweight nets are faster and easier to build, and new designed rope border materials, such as Dyneme, are surprisingly durable while being thinner. Thus, the process of developing new advancements in the technological features is a major trend that is creating opportunity for the industry to flourish. The market's overall expansion is primarily the result of these recent changes.

SEGMENTATION

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By Type

The market is divided into categories based on type, Nylon Safety Netting, Whalen Safety Netting, Polyester Safety Netting and others,

By Application

The market is divided into Building, Agricultural, Household and other categories based on application.

DRIVING FACTORS

"Increasing construction activities that Boosts the Market"

The gradual recovery of construction industries from the economic downturn, along with large-scale expenditures in infrastructure development, housing, and commercial real estate projects throughout the world, is leading to an increase in the use of construction products. According to ILO estimates, there is a growing awareness among construction workers about workplace accidents, which account for around 60,000 fatalities globally each year. Construction organisations are putting on training programmes to teach employees about potential fall dangers and preventative techniques, such as the appropriate installation and usage of the product and barriers. Companies are implementing extensive product systems in order to comply with such obligatory laws, which is driving market growth. As a result, the market will benefit from increasing construction activities. It will help the building and construction sector flourish and accelerate the Safety Net market growth.

"Adoption of the product in various sectors to support market expansion"

They are commonly used in buildings to avoid injury from falls or mishaps. They can also be used to defend against falling debris following natural catastrophes like earthquakes and hurricanes, which cause the building structure to partially or totally collapse. They will assist guarantee that individuals do not fall through damaged floors into lower levels of the building in this situation. Amusement parks are one of many places where the product is erected to protect people in high-risk areas during a height-related emergency. These sorts of obstacles have been used on roller coasters at amusement parks across the world on various occasions. Together, these elements are encouraging market expansion, which is raising business revenues. As a result, the market will grow thanks to the adoption of the product in different sectors.

RESTRAINING FACTORS

"High Cost of the product Will Prevent Market Expansion"

While necessary for worker safety, they have high installation and maintenance costs, which might inhibit smaller contractors. The expenditures of purchase, specialised installation utilising cranes or temporary platforms, and regular net inspection/repair are significant. Polypropylene, polyethylene, nylon, steel, and polyester are all petroleum derivatives that are utilised in the manufacture of the product. As a result, their prices change in tandem with the volatility of global crude oil prices. This will be a significant impediment to market growth during the forecast period. This could be a significant issue limiting market growth. If this issue is resolved, the market will immediately begin to grow.

Safety Net Market REGIONAL INSIGHTS

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"The Market is Globally Dominated by North America"

Since this area is the largest user of the product, the market for safety Nets in North America has profited from the region's expanding industrial development and several driving factors that have boosted the potential sectors. The increasing demand for products in the Building, Agricultural, Household and other industries is one of the important factors driving the Safety Net Market Share. Rapid urbanisation trends will further strengthen the market as a whole. 

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The analysis covers data on market participants and their positions within the industry. Through appropriate research, mergers, technological development, expanding production facilities, and collaboration, data is being gathered and made available. Information on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more is provided in the study on materials. 

List of Market Players Profiled

• Protecta Screen Limited (U.K.)
• Sri Vallabh Enterprises (India)
• Carl Stahl GmbH (Germany)
• Norguard Industries (Canada)
• LC Machinery (U.S.)
• InCord (U.S.A.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost safety Net Market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.