Research predicts high growth for fall protection gear
Market Research Reports Search Engine, provider of an online catalog of latest market research reports, late in 2015 issued a study of the fall protection equipment market analyzing trends from 2014 to 2020.
It identifies significant opportunities for market growth in the next six years. Major market participants profiled in the report include 3M Co., Alpha Pro Tech Ltd., Ansell Ltd., Avon Rubber p.l.c., Cofra Holdings AG, Oftenrich Holdings Limited (Golden Chang), Honeywell Safety Products, Rock Fall Ltd. and Uvex Safety Group.
Fall protection equipment includes body belts, chest harness, full body harness, suspension belts and safety nets among others. The suspension belts include horizontal lifelines, vertical lifelines and self-retracting lifelines. Fall protection equipment finds application across various industries including construction, power, oil and gas, rescue and government usage among others.
Increasing awareness about worker safety and mandatory safety norms across different industries are some of the major factors fueling the demand in this segment. Europe and North America, with large numbers of safety regulations, are some of the major markets for fall protection equipment in rescue. The market is likely to see high growth as the impact of these regulations is expected to increase in the coming years.
Full body harnesses in demand
The full body harness is one of the major types of fall protection equipment. The ability of full body harness to provide better support in case of prolonged suspension is one of the major factors fueling the demand for full body harness during the forecast period. In addition, upcoming government regulations are also expected to boost the demand for full body harness. North America with large number of safety mandates and increasing fleet size of emergency services is one of the major markets for fall protection equipment used for rescue purposes.
Safety mandates governing workplace safety in manufacturing utilities is also boosting the demand for fall protection equipment during the forecast period. North America is expected to have a stable growth in the forecast period. Europe is the second largest market for fall protection equipment used for rescue purposes. It is expected to have stable growth in the coming years. Africa has huge market potential for fall protection equipment market in rescue, according to the report
The report also analyzes macro economic factors influencing and inhibiting the growth of the fall protection equipment market specific to rescue. In addition, the market attractiveness analysis provided in the report highlights key investing areas in this PPE segment. The report helps manufacturers, suppliers and distributors understand present and future trends and formulate strategies accordingly.
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