Global Fall Protection System Market Overview:
Fall Protection System is designed in a way to protect workers working in construction industries and who are exposed to vertical height of more than 6 feet. As reported by United States Department of Labor fall accounts for over 8% of all deaths occurring at workplace. Such high number of fall related incidents have led to rise in concerns over workers safety which in turns supplementing the growth of the very market.
As per latest study released by AMA Research, the Global Fall Protection System market is expected to see growth rate of 7.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advancement in Fall Protection System and Training Facilities and Cloud based software to offer Real-time Visibility on Workers Promptness for Safe work
Market Growth Drivers:
Growing Use of Fall Protection System from Construction Industries and Rising Awareness Fueled by Government Support to the Industrial Safety
Challenges:
Lack of Training Facility to Unskilled Workers and Availability of Low Cost Fall Protection System
Restraints:
Growing Automation Across Industries and High Cost of Fall Protection System
Opportunities:
Growing Industrialization in Emerging Countries
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Some of the key players profiled in the report are 3M (United States), MSA (United States), Petzl (France), Karam (India), TRACTEL (Luxembourg), SKYLOTEC GmbH (Germany), Honeywell (United States), ABS Safety (Germany), FallTech (United States), Elk River (United States), Bergman & Beving (Sweden), Irudek 2000 (Spain), Guardian (United States), GEMTOR (United States), FrenchCreek (United States), Safe Approach (Poland), Super Anchor Safety (United States), Sellstrom (United States), P&P Safety (United Kingdom) and CSS Worksafe (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Werner Co. (United States), GF Protection Inc. (United States), W.W. Grainger, Inc. (United States), Total Access (United Kingdom) and Kee Safety, Inc. (United Kingdom). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Fall Protection System market by 2030. Considering Market by End Users, the sub-segment i.e. Construction will boost the Fall Protection System market.
Latest Market Insights:
In September 2023, safety solutions provider MSA Safety acquired Capital Safety, a manufacturer of fall protection and confined space equipment. This merger strengthens MSA's presence in the construction and industrial sectors.
In December 2023, Honeywell launched the "Vertika Connect" system, offering real-time monitoring and safety alerts through connected fall protection equipment. This successful launch will help Honeywell maintain its position in the market.
The Occupational Safety and Health Act grant OSHA the authority to issue workplace health and safety regulations. These regulations include requirements to prevent falls and also outlines necessary measures that have to be taken care in order to protect fall.
What Can be Explored with the Fall Protection System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fall Protection System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fall Protection System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fall Protection System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fall Protection System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fall Protection Manufacturers, Fall Protection Suppliers, Raw Material Suppliers, Investment Banks, Government Bodies, Market and Research Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.