The global
fall protection equipment market is greatly fueled by the rising
demand for such equipment in a number of industrial sectors such as
power and construction. In a report titled “Fall Protection
Equipment Market in Rescue - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 - 2020”, Transparency Market
Research states that the global fall protection equipment market is
likely to expand at a 9.0% CAGR from 2014 to 2020, with the overall
value expected to rise from US$1.9 bn in 2013 to US$3.5 bn by 2020.
The global fall protection equipment market is driven by the rising
concerns about overall safety and occupational safety, increasing
regulatory mandates at places of work, and growing fleet size of
emergency services. Emerging opportunities in developing regions such
as Latin America, Asia Pacific, Africa, and the Middle East are
forecast to boost the global market over the next four years.
However, sale of inexpensive and low-quality products is anticipated
to hamper the growth of the fall protection equipment market.
The fall protection equipment market is segmented on the basis of
product type into full-body harnesses, body belts, safety nets, chest
harnesses, suspension belts, and others. Valued at US$676.7 mn in
2013, full-body harnesses formed the largest product segment of the
overall fall protection equipment market. Full-body harnesses provide
enhanced support and are hence most commonly used in rescue
operations. Registering a 9.60% CAGR from 2014 to 2020, the segment
of safety nets is anticipated to develop at the fastest pace.
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The global fall protection equipment market is geographically divided
into Europe, Africa, the Middle East, North America, Asia Pacific,
and Latin America. North America and Europe are the most prominent
markets for fall protection equipment, with North America emerging as
the leading regional segment in 2013. With emergency services
increasing their fleet size and the implementation of several safety
mandates, the North America market is anticipated to witness stable
growth during the forecast period. In 2013, this region was valued at
US$670.7 mn. Africa has been identified as having immense potential
for growth. Driven by the increase in rescue operations in countries
such as South Africa, Kenya, and Nigeria, the fall protection
equipment market in Africa is projected to expand at a remarkable
CAGR of 17.90% from 2014 to 2020.
Even though only a handful of players dominate the overall fall
protection equipment market, there are several small and large local
manufacturers present in the landscape. The leading companies
operating in the global fall protection equipment market include Uvex
Safety Group, Honeywell Safety Products, Avon Rubber p.l.c.,
Oftenrich Holdings Limited, Alpha Pro Tech Ltd., Rock Fall Ltd., 3M
Co., Cofra Holdings AG, and Ansell Ltd. These players are studied in
detail in the fall protection equipment market report based on
attributes such as company and financial overview, recent
developments, and business strategies.
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