New York, NY Dec 11 2019: The
global fall
protection equipment market size is expected to reach USD
2.9 billion by 2026 according to a new study by Polaris Market Research. The
report “Fall Protection Equipment Market
Share, Size, Trends, Industry Analysis Report By Product (Hard Goods, Soft
Goods, Rescue Kits, Full Body Harness and Body Belts); By Application (Oil
& Gas, Construction, Transportation, Mining, Telecom, Energy &
Utilities, General Industry); By Regions, Segment Forecast, 2019 – 2026” gives
a detailed insight into current market dynamics and provides analysis on future
market growth.
The global demand for fall protection equipment is
escalating, with increasing focus on workers ‘ safety in construction, mining,
energy and oil and gas industries. They include the use of controls that are
preferably designed to protect staff from death and injury. Incident and
occupational risk, including falling off overhead platforms or elevated
workstations, is expected to contribute to the protection of industry demand.
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for sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/fall-protection-equipment-market/request-for-sample
Market growth is driven by a growing awareness of
industrial security and stringent government safety regulations in various
industries. One of the main drivers is increasing demand for fall protection
equipment from the construction industry. However, increasing automation is
expected to limit market growth in the end-use industries. In addition to this,
the lack of awareness is expected to hamper the growth of this market over the
forecast period. Increasing stringent regulations pertaining to safety of
employees is also expected to bring in new opportunities for the key players in
this market.
It is estimated that the body belts segment may
surpass consumption of 53 million units by 2026 in the overall market. These
are used primarily together with a full body harness for injury protection.
OSHA also recommends the utilization of body belts from elevated platforms.
Construction market segment is anticipated to hold major share in the global
market till the end of forecast period. In addition to this, mining industry is
also expected to witness significant growth in the global market over the
forecast period.
During the forecast period, North America will be
followed closely by Europe. The market is expected to grow enormously due to
rapid industrialization in both of these regions. In particular, Asia Pacific,
due to anticipated growth in the construction industry during the forecast
period, will be seen to increase the demand for fall protection equipment. This
market growth can be mainly attributed to the rapid development of
infrastructure, high investment in new industries, and the rise in construction
in residential and commercial buildings in countries such as India, Indonesia,
Thailand and China. The high demand for fall-protection equipment in the ever
growing energy and utility industry of Latin America market is expected to
register a significant CAGR during the forecast period.
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Some of the key players in the market include 3M, MSA
Safety Company, SKYLOTEC, Capital Safety, Honeywell Miller, Eurosafe Solutions,
ABS Safety, Gravitec System, French Creek Production, FallTech and DBI-SALA .
The key players in this market have adopted the strategy of mergers and
acquisitions as a part of their strategy in order to gain competitive share in
the global market.
Contact us
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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