What is Fall Arrest Lanyard Market Scope?
Fall arrest lanyard is defined as the system which helps to prevent a worker from getting close to a potential hazard. There is significant demand for fall arrest lanyard market, due to the increasing demand of the construction industry. For instance, according to the Government of the United Kingdom, the number of new company construction insolvencies grow of more than 3.4% than 2016, equating to 2,792 insolvent construction firms. Hence, increasing usage of fall arrest lanyard in the construction industry and increasing awareness among consumer are likely to be the prime driver for the growth of the market.
The Fall Arrest Lanyard market study is being classified by Type (Fall Arrester Double Lanyard, Fall Arrester Single Lanyard, Forked Lanyard, Shock Absorbing Lanyard, Restrain Lanyard and Others), by Application (Construction, Oil & Gas, Telecom, Transportation, Mining and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Fall Arrest Lanyard market throughout the predicted period.
Honeywell International Inc. (United States), 3M (United States), Karam Industries Pvt Ltd (India), Uviraj (India), PK Safety (India), Norguard Insurance Co (United States), Webb-Rite Safety Inc. (United States), RidgeGear Ltd (United Kingdom), Udyogi Plastics Pvt. (India) and Safe Approach Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Super Anchor Safety (United States), SafeWaze Fall Protection (United State), Jergens, Inc. (United States), Skylotec GmbH (Germany), Swiss Rescue GmbH (Germany), Bornack GmbH & Co. KG (Germany) and Teufelberger Holding AG (Austria).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Fall Arrest Lanyard market by Type, Application and Region.
On the basis of geography, the market of Fall Arrest Lanyard has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Spain, Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In January 2019, the Pure Safety Group (PSG) group company has launched fall-protection harness series, which includes a three-bar torso adjustment for quick and proper fitting. Hence, this launched will benefit increase the product portfolio of the company
According to government of Switzerland, employers providing harnesses and lanyards for the protection of their employees have a number of legal duties placed upon them. In addition, this technical fact sheet sets out these requirements to ensure that you remain within the law. Hence, it may acts as hamper for market growth
Influencing Market Trend
- Rising Number of Customer from Online Channel
Market Drivers
- Increasing Awareness Regarding the Benefit of Using Fall Arrest Lanyard
- Rising Adoption of Fall Arrest Lanyard in Construction Industry
Opportunities
- Increasing Demand for Transportation and Construction Industry in Developing Countries
- Growing Demand from Emerging Market Such as India and China
Restraints
- Sale of Low Quality and Inexpensive Fall Arrest Lanyard products may acts as restrain for Market Growth
Challenges
- Issue related to Straps and Various Parts of the Harness Which Can Cause Injury
Key Target Audience
Manufacturers of Fall Arrest Lanyard, Suppliers of Fall Arrest Lanyard, Wholesalers, Distributors and Retailers of Fall Arrest Lanyard, Governmental Bodies and Research Firms
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