Fall Protection Equipment Market Size, Share, Growth Analysis, By Type(Soft Goods, Hard Goods, Rescue Kits, Body Belts), By Application(Construction, Transportation, Oil & Gas, Mining), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20C2057 | Region: Global | Published Date: February, 2024
Pages: 165 |Tables: 71 |Figures: 78

Fall Protection Equipment Market Insights

Fall protection equipment is a type of protective equipment used in a variety of end use sectors to keep workers safe when working at heights. The use of ergonomically designed fall protection equipment can help to avoid repetitive stress injuries and eliminate stress injuries caused by muscle overuse. Fall protection equipment includes full body harnesses, chest harnesses, safety nets, body belts, and suspension belts. Among these, full body harness equipment is widely used in rescue operations due to its enhanced support.

Fall protection equipment is used in a variety of end-use industries, including construction, transportation, mining, energy and utility, telecom, and others. Due to their high demand, fall protection equipment is widely used in the energy and utility sectors.

There are primarily two types of equipment that includes on-body and off-body products. The variety of equipment that  On-body products include  are  safety nets, body belts, connecting devices, suspension belts and full body and chest harnesses, which 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.

Market Snapshot

Global Market Size

Largest Segment

Construction

Fastest Growth

Construction

Growth Rate

Global Fall Protection Equipment Market 2022-2028 ($ Mn)
Country Share for North America Region- 2021 (%)

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Fall Protection Equipment Market Segmental Analysis

The Global Fall Protection Equipment Market is segmented based on Type, Application and Region. based on Type it is categorized into Soft Goods, Hard Goods, Rescue Kits, Body Belts, Full Body Harness, and Others, based on Application it is categorized into Construction, Transportation, Oil & Gas, Mining, Energy and Utilities, Telecom, and Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

Fall Protection Equipment Market Analysis by Application

During the forecast period, the construction segment in the Fall Protection Equipment market is expected to dominate the market. The increase in construction activities worldwide is a primary factor driving the fall protection equipment market. With significant population growth in Asian countries such as India and China, the demand for commercial and residential space in these countries is constantly increasing. The global economy is currently experiencing a severe slowdown as a result of a developing credit constraint, which is causing economies all over the world to fall short of their development objective. In the current scenario, infrastructure remains a major priority for addressing developmental gaps, as it is viewed as omnipotent and capable of bringing economies out of financial turmoil. Governments all over the world are investing in physical and social infrastructure in order to increase demand for goods and services by creating jobs.

Fall Protection Equipment Market Analysis by Type

During the forecast period, the hard goods segment in the Fall Protection Equipment market is expected to grow at an exponential rate. The hard goods segment is the market leader because it provides increased safety. Furthermore, rising innovation in this segment is expected to drive market growth. The increasing demand for full body harness systems from all industrial users, on the other hand, is assisting the segment to grow at the fastest CAGR.

Global Fall Protection Equipment Market By Application, 2021 (%)

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Fall Protection Equipment Market Regional Insights

In 2021, North America is expected to dominate the Fall Protection Equipment market, followed by Europe. Due to rapid industrialization, both of these markets are expected to experience tremendous growth in the fall protection equipment market. Regional industry players are rapidly adopting high-quality safety equipment in order to reduce fatalities and contingency and medical costs. Furthermore, stringent government regulations protecting consumer and labour rights will boost regional market share.

Product demand is expected to rise as general industries and e-commerce networks expand. Furthermore, general industries are expected to have a high potential for industry growth due to low compliance levels in these verticals and rising awareness of safety trends.

Global Fall Protection Equipment Market By Geography, 2022-2028
  • Largest
  • Fastest

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Fall Protection Equipment Market Dynamics

Fall Protection Equipment Market Driver

  • Stringent and safety regulations from government organisations regarding worker safety are expected to be a factor driving the growth of the fall protection equipment market over the forecast period. The rising demand for fall protection equipment such as body belts, suspension belts, body harnesses, fall arrest systems, and safety nets from the construction, mining, and energy and utility sectors is expected to drive the growth of the fall protection equipment market during the forecast period.
  • Rising concerns about overall safety, increasing fleet size of emergency services, and increasing regulatory mandates at the workplace will all contribute to growth in the fall protection equipment market in the over thr forecast year.
  • Rapid industrialization and urbanization across the developing country seeking the development of infrastructure is another cardinal aspect driving factor for the market.

Fall Protection Equipment Market Restraint

  • The sale of low-quality and low-cost products is expected to be a factor impeding the growth of the fall protection equipment market over the forecast period. Furthermore, a lack of demand from developing countries due to a lack of awareness and the use of sub-standard products will restrain the growth of the fall protection equipment market during the forecast period.
  • One of the major setbacks for steel industries during covid-19 and Russia-Ukraine war has caused restraints in expansion of the market.

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Fall Protection Equipment Market Competitive Landscape

Rapid technological advancements in the field of fall protection equipment, rising population, rising industrialization in developing countries, rising number of construction activities globally, and rising preference for recreational activities such as rock climbing, ice climbing, zip-lining, bungee jumping, and mountaineering are some key factors expected to drive revenue growth in the global fall protection market over the forecast period.

Fall Protection Equipment Market Top Player’s Company Profiles

  • 3M
  • MSA
  • Petzl
  • Karam
  • TRACTEL
  • SKYLOTEC GmbH
  • Honeywell
  • ABS Safety
  • FallTech
  • Elk River
  • Bergman and Beving
  • Irudek 2000
  • Guardian
  • GEMTOR
  • FrenchCreek
  • Safe Approach
  • Super Anchor Safety
  • Sellstrom
  • PandP Safety
  • CSS Worksafe

Fall Protection Equipment Market Recent Developments

  • In April 2022, Honeywell announced a definitive agreement to acquire Norcross Safety Products L.L.C., a leading manufacturer of Personal Protective Equipment (PPE), for approximately $1.2 billion.
  • In September 2021, HazTek Inc. has announced a collaboration with Tractel. This collaboration will enable Haztek to provide protection expertise and solutions for any facility or project.
  • In May 2021, Pure Safety Group rebranded its height safety brands—Stronghold by PSG, Ty-Flt, Checkmate, and HART—as Guardian. As a result of this growth, Guardian is now the world's largest independent fall protection and prevention brand.

Fall Protection Equipment Key Market Trends

  • The COVID-19 outbreak has continued to have a negative impact in several countries in 2021. Shutdowns or limited business operations at manufacturing plants, as well as lockdowns and travel restrictions, have hampered the production and supply chain of fall protection equipment. The constant demand for fall protection equipment decreased slightly in 2020, owing to the government's lockdown and a low number of construction projects. However, due to an increase in construction activity, oil and gas exploration, and telecom projects in 2021, there will be a demand for fall protection equipment to ensure employee safety. E-commerce businesses have also contributed to an increase in the demand for fall protection equipment in the construction industry.

Fall Protection Equipment Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, Rapid industrialization in both developed and developing countries is one of the major factors driving market growth. Occupational hazards are becoming more common as a result of inadequate safety procedures at various manufacturing, mining, and other industrial sites. In comparison to other countries, the United States is more concerned about the safety and health of its workers, which is driving the country's adoption of fall protection equipment.

Report Metric Details
Market size value in a
Market size value in musc
Base year 2023
Segments covered
  • Type
    • Soft Goods, Hard Goods, Rescue Kits, Body Belts, Full Body Harness, Others
  • Application
    • Construction, Transportation, Oil & Gas, Mining, Energy, Utilities, Telecom, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • 3M
  • MSA
  • Petzl
  • Karam
  • TRACTEL
  • SKYLOTEC GmbH
  • Honeywell
  • ABS Safety
  • FallTech
  • Elk River
  • Bergman and Beving
  • Irudek 2000
  • Guardian
  • GEMTOR
  • FrenchCreek
  • Safe Approach
  • Super Anchor Safety
  • Sellstrom
  • PandP Safety
  • CSS Worksafe

Fall Protection Equipment Market Recent Developments

  • In April 2022, Honeywell announced a definitive agreement to acquire Norcross Safety Products L.L.C., a leading manufacturer of Personal Protective Equipment (PPE), for approximately $1.2 billion.
  • In September 2021, HazTek Inc. has announced a collaboration with Tractel. This collaboration will enable Haztek to provide protection expertise and solutions for any facility or project.
  • In May 2021, Pure Safety Group rebranded its height safety brands—Stronghold by PSG, Ty-Flt, Checkmate, and HART—as Guardian. As a result of this growth, Guardian is now the world's largest independent fall protection and prevention brand.
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Fall Protection Equipment Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Fall Protection Equipment Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Fall Protection Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fall Protection Equipment Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fall Protection Equipment Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Fall Protection Equipment Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Fall protection equipment is a type of protective equipment used in a variety of end use sectors to keep workers safe when working at heights. The use of ergonomically designed fall protection equipment can help to avoid repetitive stress injuries and eliminate stress injuries caused by muscle overuse. Fall protection equipment includes full body harnesses, chest harnesses, safety nets, body belts, and suspension belts. Among these, full body harness equipment is widely used in rescue operations due to its enhanced support.

Rapid technological advancements in the field of fall protection equipment, rising population, rising industrialization in developing countries, rising number of construction activities globally, and rising preference for recreational activities such as rock climbing, ice climbing, zip-lining, bungee jumping, and mountaineering are some key factors expected to drive revenue growth in the fall protection market over the forecast period. '3M', 'MSA', 'Petzl', 'Karam', 'TRACTEL', 'SKYLOTEC GmbH', 'Honeywell', 'ABS Safety', 'FallTech', 'Elk River', 'Bergman and Beving', 'Irudek 2000', 'Guardian', 'GEMTOR', 'FrenchCreek', 'Safe Approach', 'Super Anchor Safety', 'Sellstrom', 'PandP Safety', 'CSS Worksafe', 'In April 2022, Honeywell announced a definitive agreement to acquire Norcross Safety Products L.L.C., a leading manufacturer of Personal Protective Equipment (PPE), for approximately $1.2 billion.', 'In September 2021, HazTek Inc. has announced a collaboration with Tractel. This collaboration will enable Haztek to provide protection expertise and solutions for any facility or project.', 'In May 2021, Pure Safety Group rebranded its height safety brands—Stronghold by PSG, Ty-Flt, Checkmate, and HART—as Guardian. As a result of this growth, Guardian is now the world's largest independent fall protection and prevention brand.'

Stringent and safety regulations from government organisations regarding worker safety are expected to be a factor driving the growth of the fall protection equipment market over the forecast period. The rising demand for fall protection equipment such as body belts, suspension belts, body harnesses, fall arrest systems, and safety nets from the construction, mining, and energy and utility sectors is expected to drive the growth of the fall protection equipment market during the forecast period.

The COVID-19 outbreak has continued to have a negative impact in several countries in 2021. Shutdowns or limited business operations at manufacturing plants, as well as lockdowns and travel restrictions, have hampered the production and supply chain of fall protection equipment. The constant demand for fall protection equipment decreased slightly in 2020, owing to the government's lockdown and a low number of construction projects. However, due to an increase in construction activity, oil and gas exploration, and telecom projects in 2021, there will be a demand for fall protection equipment to ensure employee safety. E-commerce businesses have also contributed to an increase in the demand for fall protection equipment in the construction industry.

In 2021, North America is expected to dominate the Fall Protection Equipment market, followed by Europe. Due to rapid industrialization, both of these markets are expected to experience tremendous growth in the fall protection equipment market. Regional industry players are rapidly adopting high-quality safety equipment in order to reduce fatalities and contingency and medical costs. Furthermore, stringent government regulations protecting consumer and labour rights will boost regional market share.

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