New York, The global Fall Protection Equipment Market was valued at US$ 2.9 billion in 2021 and it is anticipated to grow up to US$ 5.3 billion by 2031, at a CAGR of 6.0% during the forecast period.
Fall protection equipment refers to various products and equipment that are used for preventing industrial workers from injuries when working at heights. Some of the commonly used fall protection equipment includes on-body and off-body products. On-body products, such as safety nets, body belts, connecting devices, suspension belts and full body and chest harnesses, are primarily attached to or worn on the body to arrest falls. On the other hand, off-body products, such as skylight guards and guard rails, are installed on a physical structure to prevent the worker from falling. These products find extensive applications across various industries, including construction, mining, transportation, utilities and telecommunication.
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Market Drivers and Trends
The rise in construction activities around the world is a primary element driving the fall protection equipment market. As Asian countries such as India and China are witnessing significant population growth, the demand for commercial and residential spaces in these countries is constantly expanding. The global economy is currently experiencing a severe slowdown due to a developing credit constraint that is causing economies around the world to miss their developmental ambitions. Infrastructure remains a major priority for addressing developmental gaps in the current scenario, as it is seen as omnipotent and capable of bringing economies out of financial upheaval. Governments all over the world are pumping money into physical and social infrastructure to increase the demand for products and services by creating jobs.
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Global Fall Protection Equipment Market Segmentation
- Soft Goods
- Hard Goods
- Rescue Kits
- Body Belts
- Full Body Harness
- Others
By Application
- Construction
- Transportation
- Oil and Gas
- Mining
- Energy and Utilities
- Telecom
- Others
Major Players in the Global Fall Protection Equipment Market
The key players studied in the global fall protection equipment market are 3M Company (U.S.), FallTech (Canada), French Creek Production (U.S.), Frontline (U.S.), Guardian Fall (U.S.), Honeywell International Inc. (U.S.), Kee Safety Inc. (U.S.), Omkar Safety And Power Private Limited (India), Safewaze (U.S.), and Tritech Fall Protection Systems, Inc. (U.S.).
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