Fall Protection Market to offer a healthy CAGR of 9.2% during 2020-25
February 13, 2020
Fall Protection Market Overview:
Fall Protection Market is likely to witness an impressive CAGR of 9.2% during the forecast period. Growing awareness about safety and the increasing governmental safety protocols drive the fall protection market globally.
Report Overview:
This report from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Fall Protection Market Segment Insights:
Access System: The growth engine
Based on the type, the market is segmented as soft goods, hard goods, installed system, access system, rescue kit, and services. The access system segment is estimated to register the highest growth in the coming five years. The growth is attributed to the increasing demand for protective equipment that are used in the curbed spaces.
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Dominance of: The Construction Segment
Based on the end-use industry type, the market is segmented as construction, general industry, oil & gas, energy & utilities, telecom, transportation, mining, and others. The construction segment is expected to register the highest growth during the forecast period. The growth is attributed to the increasing government safety protocols pertinent to the use of fall protection equipment to minimize the risk of accidents in the building & construction industry.
A highly/moderately/fragment consolidated Market
Some of the fall protection equipment manufacturers are The 3M Company, Honeywell International Inc., MSA Safety Inc., W.W. Grainger, Inc., GF Protection Inc., Werner Co., Kee Safety, Inc., The Petzel Group, Skylotec GmbH, and Gravitec Systems, Inc.
Regional Hegemony of North America
In terms of regions, North America is estimated to be the largest market for fall protection equipment in the coming five years. The market is sustained by the growing government safety protocols for the construction industry. Asia-Pacific is also expected to offer sizeable growth opportunities during the forecast period. China and India are the growth engines of the region.
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