Global Fall Protection Equipment Market Size, Share, Growth Analysis, By Type(Soft Goods, Hard Goods), By Application(Construction, Transportation) - Industry Forecast 2023-2030

Global Fall Protection Equipment Market size was valued at USD 2807.23 million in 2021 and is poised to grow from USD 2995.31 million in 2022 to USD 5032.2 million by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).

To keep people safe when working at heights, fall protection equipment is a form of protective equipment that is utilised in many end use industries. Utilising fall prevention equipment that is ergonomically constructed can assist prevent repetitive stress injuries and minimise stress injuries brought on by muscular overuse. Full body harnesses, chest harnesses, safety netting, body belts and suspension belts are all examples of fall protection devices. Due to its improved support, complete body harness equipment is one of these that is frequently employed in rescue operations.

Many end-use sectors, including construction, transportation, mining, energy and utility, telecom, and others, require fall protection devices. Fall protection equipment is frequently employed in the energy and utility industries due to their high demand.

In terms of equipment, there are basically two categories: on-body and off-body items. Safety nets, body belts, connecting devices, suspension belts, and full body and chest harnesses are among the range of equipment that On-body products contain. These items are primarily worn or attached to the body to prevent falls.Off-body items, on the other hand, are mounted on a physical structure to prevent the worker from falling, such as skylight guards and guard rails.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Fall Protection Equipment Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

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.

Driver

Over the projected period, the market for fall protection equipment is anticipated to develop as a result of strict requirements from government bodies on worker safety. The demand for fall protection gear, including body belts, suspension belts, body harnesses, fall arrest systems, and safety nets, is likely to increase during the course of the forecast period in the construction, mining, and energy & utility sectors.

The market for fall protection equipment will expand over the course of the projection year as a result of rising concerns about general safety, expanding emergency service fleets, and expanding workplace regulatory requirements.

Another key element driving the market is the rapid industrialisation and urbanisation occurring throughout the growing nation in search of the development of infrastructure.

Restraint

Over the course of the projection period, it's anticipated that the sale of cheap, low-quality goods would hinder the growth of the market for fall prevention equipment. The development of the fall protection equipment market will also be hampered by a lack of demand from emerging nations due to a lack of knowledge and the use of subpar products.

One of the significant setbacks for the steel industry during COVID-19 and the Russia-Ukraine war has limited market growth.

Market Trends

In 2021, the COVID-19 pandemic has still had a negative effect in a number of nations. The production and supply chain of fall protection devices have been affected by lockdowns, travel restrictions, and shutdowns or reduced commercial operations at manufacturing facilities. 2020 saw a minor decline in the constant demand for fall prevention equipment as a result of the government shutdown and a lack of construction projects. However, there will be a demand for fall protection equipment in 2021 due to an increase in building activities, oil and gas exploration, and telecom projects, which will assure employee safety. The need for fall safety equipment in the construction industry has grown as a result of e-commerce companies.