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Premium Report Details
Base Year: 2021
Companies covered: 13
Tables & Figures: 253
Countries covered: 19
Pages: 255
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Tool Tethering Market
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Tool Tethering Market Size
Tool Tethering Market size was valued at over USD 240 million in 2021, driven by an increasing focus towards worker safety in workplaces. The industry is expected to record 10% CAGR through 2030.
Stringent regulatory norms regarding workplace conditions and worker safety in North America are emerging as primary drivers for the growth of the tool tethering market. According to the U.S. Bureau of Labor Statistics, around 4,764 work-related fatal injuries were recorded in the United States in 2020. Furthermore, the U.S. Department of Labor (DOL) has implemented the Occupational Safety and Health Act (OSHA) which provides workplace safety and reviews work-related illnesses and injuries.