Fall Protection Equipment Market Updates

Fall Protection Equipment Market size was valued at USD 2.8 Billion in 2023 and is poised to grow from USD 3 Billion in 2024 to USD 5.18 Billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).

'FallTech ', 'Petzl ', 'SKYLOTEC ', 'WernerCo ', 'Guardian Fall ', 'MSA Safety ', 'Honeywell International Inc. ', '3M Company ', 'Gravitec Systems, Inc. ', 'Kee Safety Inc ', 'French Creek Production ', 'Safewaze ', 'Tritech Fall Protection ', 'GISS ', 'Webb-Rite Safety', '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.