The Business Research Company’s Fall Protection Equipment Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Fall Protection Equipment Global Market Report 2023 evaluates fall protection equipment market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global fall protection equipment market size is expected to grow from $2.89 billion in 2022 to $3.16 billion in 2023 at a compound annual growth rate (CAGR) of 9.20%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fall protection equipment market size is expected to grow to $4.04 billion in 2027 at a CAGR of 6.35%.
Rising construction and renovation activities are expected to boost the growth of the fall protection equipment market going forward. Construction is the process of building, altering, improving, repairing, remodeling, or demolishing an infrastructure facility. The construction industry in general is struggling with an extensive number of accidents and a high fatality rate. Fall protection and prevention systems are crucial for worker security, particularly in the construction sector. It is the employer’s responsibility to avoid falls in the construction sector. The surge in construction and renovation activities is driving the fall protection equipment market. For instance, in October 2021, according to Oxford Economics, a US-based advisory firm forecast, the global construction output in 2020 was 10.7 trillion and was expected to grow by 42%, in terms of volume, to reach USD 15.2 trillion by 2030. Globalization, urbanization, infrastructure development, and the growing demand for megacities in developing nations all contribute to the growth of the construction sector. Therefore, the rising construction and renovation activities are driving the growth of the fall protection equipment market.
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The fall protection equipment market segments in the report are:
1) By Type: Soft Goods, Hard Goods, Rescue Kits, Body Belts, Full Body Harness, Other Types
2) By Product: Anchors And Connectors, Bodywear, Devices, Other Products
3) By End-Use Industry: Construction, Telecom, Energy And Utility, Transportation, Mining, Marine, Other End-Use Industries
The table of contents in TBRC’s fall protection equipment market report includes:
1. Executive Summary
2. Fall Protection Equipment Market Characteristics
3. Fall Protection Equipment Market Trends And Strategies
4. Fall Protection Equipment Market – Macro Economic Scenario
5. Fall Protection Equipment Market Size And Growth
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26. Africa Fall Protection Equipment Market
27. Fall Protection Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fall Protection Equipment Market
29. Fall Protection Equipment Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- MSA Safety Company
- Honeywell Miller
- 3M
- Pure Safety Group (PSD)
- GF Protection Canada
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