Fall Protection Equipment Market in Rescue - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020
Albany, NY -- (SBWIRE) -- 06/10/2016 -- The growing demand for fall protection equipment in rescue operations, especially in the power transmission, generation, and distribution sectors, has greatly fueled the worldwide global fall protection equipment market for , states Transparency Market Research in a recent report. The 75-page research publication is titled "Fall Protection Equipment Market in Rescue - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" and is available for sale on the company website.Fall protection equipment is used in different industrial and commercial sectors to protect workers from mishaps and injuries while working at dangerous heights. Fall protection equipment finds application in a number of industries such as construction, energy and utility, telecom, and transportation. According to the report, the global market for fall protection equipment in rescue is projected to increase from a value of US$1.9 bn in 2013 to US$3.5 bn by 2020. If these values hold true, the market is likely to expand at a 9.0% CAGR therein.
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The growing fleet size of fire brigades, the rising concerns regarding occupational safety in various industrial settings, and the strict government mandates pertaining to the use of fall protection equipment drives the global market.The report studies the global market for fall protection equipment in rescue based on type of equipment and geography.
By type of equipment, the fall protection equipment market has been segmented into full-body harness, chest harness, body belts, suspension belts, safety nets, and others. Among these, the segment of full-body harness enjoys a major share in the overall market for fall protection equipment owing to the better support provided by them in height rescue operations. The value of this segment was pegged at US$676.7 mn in 2013. The segment of safety nets is projected to expand at a 9.6% CAGR from 2014 to 2020, emerging as the most rapidly growing segment during the forecast period.
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On the basis of geography, the fall protection equipment market has been divided into North America, Latin America, Asia Pacific, Africa, Europe, and the Middle East. Europe and North America are presently the largest markets for fall protection equipment in the area of rescue operations. Valued at US$670.7 mn in 2013, the North America market is anticipated to witness steady growth in the coming years. Africa possesses immense potential for players in the fall protection equipment market and this region is projected to expand at an impressive 17.9% CAGR from 2014 to 2020. Countries such as South Africa, Kenya, and Nigeria have been identified as the most lucrative options for industry players.
The research report highlights the performance and contribution of the Leading Players competing in the global fall protection equipment market. The top companies operating in this marketplace include Ansell Ltd., Rock Fall Ltd., Uvex Safety Group, Oftenrich Holdings Limited, Cofra Holdings AG, Capital Safety, Avon Rubber p.l.c., 3M Co., Honeywell Safety Products, and Alpha Pro Tech Ltd.
The study offers an in-depth assessment of these players based on several aspects such as company overview, business strategies, financial standing, and recent developments. With the help of a SWOT analysis, the report sheds light on the strengths, weaknesses, opportunities, and threats of individual companies in the market for fall protection equipment in the field of rescue. This gives clients a better understanding of the competition and also helps them devise strategic alliances for the future.
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