Global Fall Protection Equipment Market Overview:
Fall protection equipment is used in the various end-use sectors to protect workers from injuries when working from heights. The introduction of ergonomically designed fall protection equipment plays a significant role in avoiding repetitive stress injuries and eliminate stress injuries associated with the overuse of muscles. Full body harness, chest harness, safety nets, body belts, and suspension belts are the different fall protection equipment. Increasing concern on safety and stringent regulations on improving safety standards at work is likely to propel the growth of the global fall protection equipment market in the forecast period.
Growth Drivers
- Stringent Government Regulations and Growing Awareness of Industrial Safety
- Increasing Demand for Fall Protection Equipment From Construction Industry
Market Trends
- Increasing Technological Trends in Material Research and Increasing Adoption of Advanced Polymers and Fibers
Roadblocks
- Increased Automation in End-Use Industries
Opportunities
- High Growth Opportunities for Access System
- Industrial Growth in Asia-Pacific
Challenges
- Training to Unskilled Laborers
- Availability of Low-Cost Fall Protection Equipment
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are 3M Company (United States), Honeywell International Inc. (United States), MSA Safety Inc. (United States), Werner Co. (United States), GF Protection Inc. (United States), SKYLOTEC GmbH (Germany), W.W. Grainger, Inc. (United States), Total Access (UK) Ltd. (United Kingdom), Kee Safety, Inc. (United Kingdom) and FallTech (United States). Additionally, following companies can also be profiled that are part of our coverage like Guardian Industries (United States), French Creek Production (United States), SafeWaze (United States), Mallcom (India) Limited (India) and Rigid Lifelines (United States). Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Fall Protection Equipment market. Considering Market by End Use Industry, the sub-segment i.e. Construction will boost the Fall Protection Equipment market.
On 6th February 2018, 3M has completed the sale of certain Personal Safety Division offerings produced at 3M’s Oconomowoc, Wis., manufacturing facility that are primarily focused on noise, environmental, and heat stress monitoring to TSI Inc., a Shoreview, Minn., based manufacturer of precision instrumentation that addresses a wide array of applications spanning research, industrial and environmental segments.
What Can be Explored with the Fall Protection Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fall Protection Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fall Protection Equipment
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 Equipment 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 Equipment 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 Equipment Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users 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.