New York, NY -- (SBWIRE) -- 05/09/2019 -- The growth of the market of fall protection equipment is driven by the increasing demand for fall protection in the construction industry

This report on Fall Protection Equipment Market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2019 to 2026. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
The Fall Protection equipment Market is forecast to grow from USD 2.69 billion in 2018 to USD 4.50 billion by 2026, at a CAGR of 6.39%, during the forecast period. Increasing demand for labour safety is the major driving factor of the market.

Fall protection equipment is a kind of protective equipment used in several industries to protect workers from any kind of injuries when working from heights. Fall protection equipment plays an important role in avoiding repetitive stress injuries. Chest harness, full body harness, safety nets, body belts and suspension belts are the various fall protection equipment.

The major players in the Image intensifier unit market are Honeywell International Inc. (US), 3M Company (US), MSA Safety Inc. (US), GF Protection Inc. (US), SKYLOTEC GmbH (Germany), Kee Safety, Inc. (UK), Werner Co. (US), W.W. Grainger, Inc. (US), Total Access (UK), and FallTech (US).

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The fall protection equipment market is growing by the enhanced concerns about overall safety at places of work, and growing need for emergency services along with increasing industry fatality.

Further key findings from the report suggest
- The Fall Protection equipment Market is forecast to grow from USD 2.69 billion in 2018 to USD 4.50 billion by 2026, at a CAGR of 6.39%, during the forecast period. Increasing demand for labour safety is the major driving factor of the market.
- Based on Category, the market is divided as hard goods, soft goods, access system, rescue kit, and services. Due to the enhanced demand for protective equipment used, the access system sector is expected to show the highest growth of 7.88% during the forecast period. Access systems include vessels, sewers, confined space and tripod products used in tanks, and other applications.
- The Industries are construction, oil & gas, general industry, mining and transportation. The construction sector is forecasted to grow the market during the forecast period. Mandatory regulations by governments of various countries around the globe, related to the use of fall protection equipment to reduce the number of accidents during construction activities, are expected to drive the growth of this segment.
- The Fall Protection equipment Market is segmented across five regions, namely, North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. North America is forecasted to dominate the market with the largest share of 40 %.

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Some of the key findings from our Fall Protection Equipment Market forecast report
This report gives an analysis of the historical data and trends to draw a forecast of the potential growth Fall Protection Equipment Market exhibits a potential for growth and technological advancement primarily in its uses in rubber industries and shall experience a stable growth in the next five years. The historical analysis suggest certain trends that the industry might experience and the prospects of growth during the forecasted years. This study also offers vital insights into the industry to provide the fields that are the most beneficial for investment and gives a competitive strategy that is most advantageous in the industry.

Segments covered in the report:
For the purpose of this report, the market has been segmented on the basis of Category, Industry and region:

Category Outlook (Revenue, USD Million; 2018-2026)
- Hard goods
- Soft goods
- Access system
- Rescue kit
- Services

Industry Outlook (Revenue, USD Million; 2018-2026)
- Construction
- Oil & gas
- Mining
- General industry
- Transportation

Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- North America
o U.S.
- Europe
o France
o UK
- Asia Pacific
o China
o India
o Japan
- Latin America
o Brazil
- MEA

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