Industrial Fall Protection Equipment Market Size By Product (Soft Goods, Hard Goods, Full Body Harness, Rescue Kits, Body Belts), By Application (Construction, Oil & Gas, Mining, Transportation, Energy & Utilities, Telecom, General Industry), Industry Analysis Report, Regional, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jul 2020  |  Report ID: GMI1693  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 220   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Industrial Fall Protection Equipment Market size exceeded USD 2.7 Billion in 2019 and is estimated to grow at over 7.5% CAGR between 2020 and 2026. Growing concern on safety and stringent regulations on improving safety standards at work is likely to propel the industry growth. Additionally, rising construction & renovation activities across the developing nations will boost the product demand.
 

Industrial safety equipment is widely used to protect from falls happen in construction work settings while walking at heights or climbing a ladder. These accidents have various adverse complications including paralysis, fractures, head trauma, and spinal cord injuries.
 

Industrial Fall Protection Equipment Market

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Hardened helmets, full body harness, toughened shoes and gloves are always required to be worn during construction activities which is making manufacturers to introduce targeted solutions, thereby boosting the market revenue. Industry players are rapidly investing in research & marketing to manufacture durable, lighter, and high impact resistance equipment. Furthermore, rising technological trends in material research and increasing adoption of advanced polymers & fibers is expected to foster the market demand.
 

Section 1910.28 of Occupational Safety and Health Administration (OSHA) regulation mandates personal fall protection for each employee to be provided by the employer. The employer may not establish a fall protection system in special cases such as when such a system is unfeasible, or access to the work section is restricted to those employees trained to deal with fall protection hazards.
 

Industrial Fall Protection Equipment Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 2.7 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 7.5% 2026 Value Projection: USD 4.6 Billion
Pages: 220 Tables, Charts & Figures: 219
Geographies covered (23): U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Denmark, Netherlands, China, India, Japan, South Korea, Thailand, Malaysia, Australia, Brazil, Argentina, South Africa, UAE, Saudi Arabia
Segments covered: Product, Application
Companies covered (14): MSA Safety Company, 3M, Honeywell Miller, Capital Safety, Pure Safety Group (PSG), Guardian Industries, French Creek Production, SafeWaze, Mallcom (India) Limited, Rigid Lifelines, GF Protection Canada, Inc, KARAM, Udyogi
Growth Drivers:
  • North America
    • Increasing workplace injuries
    • Favorable regulations for occupational safety
  • Europe
    • Adoption of fall protection standards
    • Increasing fatalities rate and growing on-site training in various industries
  • Asia Pacific: Growth in the construction industry
Pitfalls & Challenges:
  • Sale of low quality and inexpensive products

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Rapid product penetration of hard goods to fuel the market value

Industrial fall protection equipment market from hard goods is anticipated to growth rate of over 10.5% through 2026 owing to increasing safety norms and regulations to protect workforce. These products are rapidly used in manufacturing, automotive, construction and oil & gas industries to prevent sensitive parts from falling debris, slips, and accidents. Hard goods provide an effective barrier on the outside by absorbing impact & shock and ensuring safety of ribs, skull, toes, and hands.
 

The hard goods segment primarily consisting of carabiners, anchors, and retractable blocks is likely to witness substantial market gains. They are a vital part of fall protection system, which are installed on the roof and connected to lanyards, lifelines, and other forms of tie-off, preventing a worker from falling.
 

Rising usage in telecom sector and increasing demand for shock resistance equipment to propel the industry growth

Industrial Fall Protection Equipment Market 2026

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Telecom application segment valuation in the market is predicted to surpass USD 235 billion by 2026 propelled by rising awareness related to risk associated with electrical shocks and magnetic waves. Various solutions such as shock & fireproof resistant equipment are widely used in telecom industry to protect workforce form mishaps and accidents. However, growing telecom industry, rise of 5G network and network expansion activities will fuel demand for fall protection systems.
 

Industry players are rapidly investing in material research to produce lightweight, shock & fire-resistant solutions. These solutions not only in reducing the risk of fatal injuries by falling but also protect the wearer from sudden high intensity shocks and fire. Stringent government regulations to reduce mortality rate by electrical shocks and rapid acceptance in telecom sector will also influence the business growth.
 

Rapid demand for high performance equipment on general industry to boost the North American market share

North America Industrial Fall Protection Equipment Market

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North American fall protection systems industry is projected to reach a revenue of around USD 10.5 billion by 2026 driven by rapid technological innovation in material research and growing demand for high performance products. Industry players in the region are rapidly moving towards adopting high quality safety gear to reduce fatalities and reduce contingency and medical costs. Furthermore, stringent government regulations in protecting consumer and workforce rights will augment the regional market share.
 

Rising general industries and e-commerce network is likely to boost the product demand. Moreover, general industries are expected to offer high potential for the industry growth due to existing low compliances in these verticals coupled with rising awareness on safety trends.
 

Stringent social distance measures and reduction in workplace deployment to restrict the market growth

Stringent government regulations to reduce gathering, social distancing measures, and lockdown conditions will likely hinder the industry growth. The market will see reduced growth in the short & medium run owing to slowing down of economy, reduced construction, renovation activities, mining, and oil exploration activities. In addition, limited investment in expansion & renovation activities globally is poised to hinder the market expansion.
 

New product development and strategic partnerships remain pivotal growth strategies

Global industrial fall protection equipment market is consolidated, and major players include MSA Safety Company, Honeywell Miller, 3M, Capital Safety, Pure Safety Group (PSD), GF Protection Canada, SKYLOTEC GmbH, KARAM, Udyogi, Mallcom India Limited, French Creek Production, Guardian Industries and SKYLOTEC GmbH.
 

Companies are rapidly engaged in new product development, material research, marketing, and branding initiatives in a bid to improve brand equity and capture maximum market share. In September 2018, MSA launched Jet-Style Helmet which is now certified to NFPA performance standards. These products include the protective visor, LED lights, and an integrated communication system.
 

This market research report for industrial fall protection equipment includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Million units) and revenue (USD Billion) from 2020 to 2026, for the following segments:
 

Market, By Product

  • Soft Goods
  • Hard Goods
  • Full Body Harness
  • Rescue Kits
  • Body Belts
  • Others

Market, By Application

  • Construction
  • Oil & Gas
  • Mining
  • Transportation
  • Energy & utilities
  • Telecom
  • General industry
  • Others

The above information has been provided for the following regions:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Denmark
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
       

Frequently Asked Questions (FAQ) :

The market size of industrial fall protection equipment was valued over USD 2.7 billion in 2019.
The industry share of industrial fall protection equipment is projected to witness 7.5% growth rate during 2020 to 2026.
The hard goods segment is projected to witness over 10.5% growth through 2026, says the GMI report.
North America market is projected to reach a revenue of around USD 10.5 billion by 2026 driven by rapid technological innovation in material research and growing demand for high performance products.
According to this report, the telecom application is predicted to surpass USD 235 billion by 2026.
Major players in the market include MSA Safety Company, Honeywell Miller, 3M, Capital Safety, Pure Safety Group (PSD), GF Protection Canada, SKYLOTEC GmbH, KARAM, Udyogi, Mallcom India Limited, French Creek Production, Guardian Industries and SKYLOTEC GmbH.

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Premium Report Details

  • Published Date: Jul 2020
  • Pages: 220
  • Tables: 193
  • Charts / Figures: 26
  • Companies covered: 14
  • Countries covered: 23

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