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Albany, NY -- (SBWIRE) -- 04/03/2015 -- Market Definition and Growth Prospects:
Fall protection equipment is a type of personal protective equipment used in various commercial and industrial sectors to protect employees from injuries and mishaps when working from dangerous heights. In North America, the use of fall protection equipment is mandatory under OSHA directives STD 03-11-002, 29 CFR 1910, 29 CFR 1915, and 29 CFR 1917. Whereas in Europe, the PPE Directive 89/656/EEC by the EC is responsible for it. Fall protection equipment is used in various sectors, including Energy and Utility, Construction, Transportation, Telecom, and other industrial sectors. Rescue and access equipment, including absorbing lanyards, harnesses, climbing systems, rope grabs, and vertical lifelines, are some of the major equipment used in fall protection.
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The Global Fall Protection Equipment market is expected to grow at a CAGR of around 6 percent. North America leads this market as of 2014, accounting for a share of close to 38 percent, followed by Western Europe and the APAC region. As of 2014, the US is the largest contributor of the market in terms of revenue. All leading countries are mentioned in this report.
Driving Factors of the Fall Protection Equipment Market:
The increased demand for fall protection equipment from the Energy and Utility sector, especially in the Nordic region, is an important factor toward the growth of this market. The Shale gas boom in the developed countries in North America is also of the drivers of this market. The rapid growth of the Wind energy sector and the increased use of fall protection equipment in that sector is further fuelling the growth of the market. In addition, the increased focus on compliance with legislations and regulations in the developed countries is propelling the growth of the market.
Inhibiting Factors to the Growth of the Fall Protection Equipment Market:
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The non-compliance of fall protection equipment regulations and standards, including the EC and OSHA, by the players in the industrial and commercial sectors is a major challenge faced by the fall protection equipment manufacturers in this market. The lack of demand from the developing countries in the APAC and MEA regions, because of the lack of awareness, the use of sub-standard products, and non-stringent government safety regulations, are also growth inhibitors.
Trending Factors in the Fall Protection Equipment Market:
The Global Fall Protection Equipment market is expected to grow at a robust pace owing to certain emerging trends. Product innovation and emphasis on fall protection training is a major trend being witnessed by the market in recent years. Manufacturers in this market are investing on R&D to develop new and efficient products to reduce their overall operating costs and to increase their market share, including jetpacks for fall protection and advance fall restraint systems. The growing collaborations between consumers and suppliers of fall protection equipment to remove intermediaries and develop new, customized products is another trend likely to impact the market in a positive way.
All major drivers, challenges, and trends are discussed in detail in the report.
Top Companies in the Fall Protection Equipment Market:
This research report provides an in-depth profile of each of the top vendors, including:
Guardian Fall Protection
The Other Prominent Vendors of this Market Include:
3M, Ahlsell, Ansell, B&B Tools, British Safety Services, Buckingham Manufacturing Company, Cresto, CSS Worksafe, Drägerwerk, Elk River, Evan Fall Protection, Fall Protection Solutions Limited, Fall Safe, FallTech, Fecrogard, Gentex, Grolls, Heightsafe Systems, Klein Tools, Karam, Latchways, Magus International, Mantech Engineering, MSA Safety, NASCO Industries, P&P Safety, PBI Height Safety, PenSafe, Petzl, Roof Safety Solutions, RTC Fall Protection, Skylotec, Steadfast (Anglia), Super Safety Services, Survitec Group, Teufelberger Ges.m.b.H, Total Access (UK), TRACTEL Group, Ultra Safe, Unicare Emergency Equipment, Usang, Wenaas, Werner, YOKE Industrial
Segmentation of Fall Protection Equipment Market by End-users (Market Shares Included):
Energy and Utilities Sector
Telecom and Other Industrial Sectors
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Segmentation and Market Shares by Geography (Market Shares Included):
Rest of the World (ROW)
Market Shares of Top Countries in the Fall Protection Equipment Market:
Other Sections Include an Analysis on the Following:
Top three Drivers and Impact on the Fall Protection Equipment Market
Top three Challenges and Impact on the Fall Protection Equipment Market
Top three Trends and Impact on the Fall Protection Equipment Market
Five Forces Analysis of Fall Protection Equipment Market
SWOT Analysis of Key Vendors of Fall Protection Equipment Market
Scope of the Report:
This report covers the present scenario and the growth prospects of the Global Fall Protection Equipment market for the period 2015–2019. To calculate the market size, the report considers the revenue generated by the sale of fall protection equipment in various industries, along with the revenue generated from the fall protection training of employees. The report provides data on the different segments of the market, which are based on the following criteria:
End-user (Energy and Utilities Sector, Construction Sector, Transportation Sector, Telecom and Other Industrial Sectors)
Geography (Western Europe, North America, the APAC region, and ROW)
The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
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