Fall Protection Equipment Market to Reach US$3,556.2 Million by 2020 as Favorable Regulatory Acts Come into Force: Transparency Market Research

Jan 18, 2016, 06:30 ET from Transparency Market Research Pvt. Ltd

ALBANY, New York, January 18, 2016 /PRNewswire/ --

A new Transparency Market Research report states that the global fall protection equipment market in rescue will expand at a CAGR of 9.0% from 2014 to 2020. In 2013, the market stood at US$1,952.7 million and is predicted to reach US$3,556.2 million by 2020. The title of the report is "Fall Protection Equipment Market in Rescue - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020".Fall protection equipment is utilized in rescue operations, especially in power generation, transmission and distribution sectors. Workers are required to use such equipment while working at elevated locations such as towers and poles to prevent them from a free fall. 

Full Research Report on Global Fall Protection Equipment Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/fall-protection-equipment-market.html

 The report states that the rising awareness about mandatory safety as well as worker safety norms throughout various industries is propelling the utilization of fall protection equipment, particularly in rescue operations. Additionally, an expansion in fleet size of emergency services in developing economies are predicted to expedite fall protection equipment demand in rescue operations. The International Labour Organization (ILO) supports various regulatory actions on the safety of workers and this has emerged as a key factor that will impel fall protection equipment demand in rescue operations in the forthcoming future. 

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On the basis of type, the fall protection equipment market is segmented into chest harness, body belts, full body harness, safety nets, and suspension belts. Amongst these, the full body harness is among the most commonly utilized fall protection equipment utilized in rescue operations. This segment stood at US$676.7 million in 2013. The reason for the increase in demand for full body harnesses is the enhanced support provided by them. However, safety net is the most swiftly developing segment in the market for fall protection equipment utilized in rescue operations and is predicted to expand at a 9.6% CAGR between 2014 and 2020. There are three types of suspension belts which are most commonly utilized, namely, self-retracting lifelines, horizontal lifelines, and vertical lifelines. The report studies the sub-markets for all three in detail. 

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On the basis of geography, the fall protection equipment market in rescue is segmented into Europe, North America, Asia Pacific, Middle East, Latin America, and Africa. The Africa fall protection equipment market for rescue operations is anticipated to expand at an impressive 17.9% CAGR between 2014 and 2020. Africa has promising potential in the fall protection equipment market. South Africa, Kenya, and Nigeria are amongst the key countries stimulating the fall protection equipment demand here. Europe and North America are the most dominant fall protection equipment markets for rescuing operations. North America dominates the market owing to a huge number of safety mandates and the emergency services' increasing fleet size. Though the fall protection market for rescue operations in North America was estimated at 670.7 million in 2013, it is predicted to witness stable growth in the forecast horizon. The major companies in the fall protection equipment market in rescue included in this report are 3M Co., Capital Safety, Alpha Pro Tech Ltd., Avon Rubber p.l.c., Ansell Ltd., Cofra Holdings AG, Honeywell Safety Products, Oftenrich Holdings Limited (Golden Chang), Uvex Safety Group, and  Rock Fall Ltd.

The fall protection equipment market in rescue has been segmented as follows: 

 Fall Protection Equipment Market in Rescue: By type  

  • Body Belts
  • Chest Harness
  • Full Body Harness
  • Suspension Belts
    • Horizontal Lifelines
    • Vertical Lifelines
    • Self Retracting Lifelines
  • Safety Nets
  • Others

Fall Protection Equipment Market in Rescue: By Geography 

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Other Research Reports by Transparency Market Research: 

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