Global Personal Fall Protection Market - 2022-2029

Market Overview

The personal fall protection market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

Fall prevention may be handled in several ways to ensure the safety of the workers in multiple sectors. Generally, handrails, Scaffolds, barriers and movable platforms can be constructed to protect workers employed at heights. But these devices are impractical in circumstances where personal fall protection equipment such as full-body, harnesses, lanyards and retractable lifelines are preferred. Various organizations have also regulated safety guidelines for ensuring the safety of the workers, such as OSHA requires workers' fall protection at multiple heights depending on the job.

Wire systems or Horizontal Lifelines are one of the most often products used for personal fall protection. Still, other options such as single point anchors, deadweight anchors and temporary anchors are also commonly used. Personal fall protection products have been utilized in various end-user industries, including construction, automotive, oil & gas, mining, marine & shipbuilding and others.

Market Dynamics

The rising number of accidents and strict government regulations boost the global personal fall protection market.

Rising number of accidents coupled with strict government regulations

Over 100,000 injuries and deaths are from work-related falls each year. According to the National Safety Council, falls are the leading cause of death in the workplace. In addition to lost lives and severe injuries caused by falls, businesses lose billions of dollars each year from substantial increases in insurance premiums, product liability costs, worker's compensation claims and other related expenses. According to Boston-based Liberty Mutual, on-the-job injuries cost employers nearly US$ 1 billion per week in payments to employees and their medical care providers. As of 2019, falls were the primary cause of work-related fatalities.

Approximately 36.5% of deaths in the workplace occur due to employees falling. Employers are setting up the workplace to stop employees from falling off overhead platforms and elevated workstations on the floor and walls. Stringent safety regulations from government organizations regarding the safety of workers are anticipated to be a factor that gives traction to the growth of the fall protection equipment market over the forecast period. OSHA also mandates that fall protection be provided at elevations of six feet in the construction industry, four feet in general industry workplaces, eight feet in longshoring operations and five feet in shipyards.

Presence of low-quality and faulty products

The sale of low-quality and faulty products is the primary factor responsible for restraining the market growth over the forecast period. The market has the availability of various low-quality products, which do not ensure safety and are less expensive. Moreover, the market has also witnessed some leading companies' faulty products. For instance, 3M has recognized a potential manufacturing issue with a limited number of 3M Protecta Rebel Self-Retracting Lifelines constructed between October 14, 2019 and February 25, 2020.

On August 6, 2020, 3M announced an immediate restriction on using all 3M™ DBI-SALA Self-Rescue Descent Systems manufactured before July 2020. The company has identified a potential cracking issue in the inner rope spool of these units. It is crucial to supplement fall protection equipment with good quality to ensure workers maximize their safety equipment's benefits.

COVID-19 Impact Analysis

The pandemic has halted the growth of personal fall protection globally due to the sudden halt in all the associated sectors. According to the data, 40% of construction firms had to lay off staff due to the COVID-19 outbreak. e Center for Construction Research and Training reported on the economic impacts on the U.S. construction industry that almost one million construction workers became unemployed from March to April 2020. The construction industry losses have impacted the demand for the personal fall equipment market.

As the impact of COVID-19, various companies are looking to automate their workforce faster than expected, while operations companies are accelerating their automation above the global average. Automation in the sector will also influence the growth of the personal fall protection equipment market.

Segment Analysis

By end-user, the personal fall protection market is segmented into construction, oil & gas, mining, telecommunication, marine & shipbuilding, transportation and others.

Strict regulatory actions have boosted the need for personal fall protection equipment in the construction industry

Falls remain the highest cause of work-related deaths in construction, accounting for over 36.4% of this industry's total fatalities (401 of the 991 construction fatalities registered in 2019 fell to a lower level). According to OSHA, workers must be protected by guardrail systems or personal fall arrest systems, even walking or working surfaces 6 feet or more above a level where leading edges are under construction.

OSHA and other agencies have been investigating efficiently in the construction sites, boosting the demand for personal fall equipment. For instance, in 2021, A federal workplace safety investigation has found a Queens construction contractor failed to ensure the use of fall protection safeguards that can prevent a worker who fell about 60 feet from a roof during the demolition of a Brooklyn building. A U.S. Department of Labor's Occupational Safety and Health Administration investigation found that Richmond Construction Inc. failed to provide users with all the necessary safeguards related to fall protection. OSHA cited Richmond Construction for nine willful, severe violations of workplace safety standards and proposed penalties totaling US$ 374,603.

In 2021, U.S. Department of Labor's Occupational Safety and Health Administration inspectors surveyed employees of Emerald Inc. without fall protection while working at a residential townhome development under construction in Elk Grove Village. OSHA cited the company for five repeat and two serious safety violations and penalized US$ 229,792.

Geographical Analysis

Expanding construction activities in North America are boosting the sales of the market

The region holds significant consumers for the sales of personal fall protection. Almost 5,333 workers died from a work-related injury in the U.S. in 2019, up by 2% from the 2018 total of 5,250. The fatal work injury rate was 3.5 fatalities per 100,000 full-time equivalent workers. The region has the highest demand from the construction sector. The construction industry in the U.S has over 733,000 employers with over 7 million employees and generates nearly US$ 1.4 trillion worth of structures per year. The construction sector engages over 1.4 million people in Canada and makes about US$ 141 billion economies annually, accounting for 7.5% of Canada's gross domestic product.

In 2020, Werner announced the expansion of its comprehensive fall protection portfolio. The product is designed for professional contractors, including upgraded anchors and drop safety equipment to improve workflow, keep job sites OSHA-compliant and improve overall workplace safety.

Competitive Landscape

The personal fall protection market is highly competitive with the presence of local and global companies. The personal fall protection market has been gaining competitiveness with stricter regulations on the safety of workers. The players contributing to the market are Honeywell International Inc., 3M, GF Protection Inc, MSA Safety Inc., Werner Co., Bergman & Beving AB, ABS Safety GmbH, Adolf Wurth GmbH & Co. KG, Carl Stahl Hebetechnik GmbH, FallTech and others. The players are launching new products, expanding their presence and collaborating with other companies, which will contribute to the global growth of the personal fall protection market.

Honeywell International, Inc

Overview: Honeywell is a Fortune 100 software-industrial corporation that provides industry-specific solutions that include aerospace and automotive products and services; control technologies for homes, buildings and industry; and performance materials globally. The Company operates through more than 1,200 sites across 70 countries worldwide, spanning the Asia-Pacific, Americas, Europe, Africa and the Middle East.

Product Portfolio: The company offers anchorage connectors, fall protection kits, lanyards, horizontal lifeline systems and others.

Key Development: In 2019, Honeywell announced the rollout of the Honeywell Miller Turbolite Flash Personal Fall Limiter, an innovative, self-retracting lifeline for protecting at-height workers against hazards in arc flash, electrical utility and hot work applications.

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The global personal fall protection market report would provide an approximate 53 market data table, 50 figures and 195 pages

Target Audience

Industry Investors/Investment Bankers

Service Providers

Personal Fall Protection Manufacturers

Construction Companies

Automotive Companies

Energy Companies

Contractors

Distributors

Education & Research Institutes

Emerging Companies