Fall Protection Industry Overview
The global fall protection market size was estimated at USD 2,851.5 million in 2023 and is projected to grow at a CAGR of 7.1% from 2024 to 2030. The market growth can be attributed to the rise in awareness regarding workplace safety, the presence of stringent workplace safety regulations, and an increased emphasis on employee wellbeing. Industries, such as construction, manufacturing, and oil gas, have been pivotal in fueling the demand for different fall protection systems. The dynamic nature of this market is characterized by the necessity for continuous innovations and strict adherence to evolving regulatory mandates. Notably, pivotal market standards are delineated by the American National Standards Institute (ANSI) and The Occupational Safety and Health Administration (OSHA). Specifically, fall protection systems in roofing operations must be developed in alignment with the specifications of ANSI Z359.16, as well as OSHA 1910.140 and 1926.502.
Gather more insights about the market drivers, restrains and growth of the Fall Protection Market
The growth of the collective protection product segment of the market can be attributed to the increasing number of infrastructure development projects being carried out worldwide and rising investments in these projects. According to Economic Times 2024, India is witnessing an increase in infrastructure development projects, including the Navi Mumbai International Airport, Noida International Airport, and Aqua Line 3 Mumbai Metro Network. According to the report by BNamericas, the Government of Mexico City intends to allocate USD 144 million for urban infrastructure development projects and public transportation initiatives in 2024.
In the construction industry, fall protection systems are used to ensure a safe environment for the workers operating at a height of six feet and above the base level. In this industry, fall protection systems consist of personal fall arrest systems, safety net systems, and guardrails. These systems ensure the safety of workers operating dangerous equipment at different heights. According to a report published by the U.S. Census Bureau in January 2024, monthly construction spending in the country in November 2023 remained 0.4% higher than that of October 2023 spending. Construction spending has been continuously increasing in the U.S. since October 2022 and reached USD 2,050.1 billion in November 2023.
In line with the above developments, the construction industry in the U.S. has witnessed growth in the past few years. The growth of this industry in the country can be attributed to a surge in the construction projects of offices retail shops, healthcare educational facilities, religious establishments, public safety infrastructures, and amusement recreation centers. Primary factors driving the growth of the U.S. construction industry include increasing population and rising private investments, which in turn, contribute to product demand.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
- The global pharmaceutical market size was estimated at USD 1,482.0 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.12% from 2023 to 2030.
- The global refrigerated air dryer market size was valued at USD 1.67 billion in 2023 and is projected to grow at a CAGR of 6.7% from 2024 to 2030.
Fall Protection Market Segmentation
Grand View Research has segmented the global fall protection market on the basis of type, end-use, and region:
Fall Protection Type Outlook (Revenue, USD Million, 2018 - 2030)
- Individual Protection
- Collective Protection
- Access Equipment
Fall Protection End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Construction
- Manufacturing
- Oil Gas
- Chemicals
- Food
- Pharmaceuticals
- Healthcare
- Transportation
- Mining
- Others
Fall Protection Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Sweden
- Denmark
- Norway
- Poland
- The Netherlands
- Belgium
- Switzerland
- Austria
- Portugal
- Ireland
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Central South America
- Brazil
- Argentina
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
Key Companies profiled:
- FallTech
- Petzl
- SKYLOTEC
- WernerCo
- Guardian Fall
- MSA
- Honeywell International Inc.
- 3M
- Gravitec Systems, Inc.
- Kee Safety Inc
- French Creek Production
- Safewaze
- Tritech Fall Protection
- GISS
- Webb-Rite Safety
Recent Developments
- In January 2024, WenerCo introduced a groundbreaking fall protection utility lifeline tailored for utility workers and linemen that provides them with an elevated level of climbing security. This innovative offering includes an anchor strap fall arrest system, which is specifically designed to meet the unique safety requirements of professionals working on utility poles or similar structures. With this product launch, WenerCo demonstrates its commitment to advancing safety solutions for workers in specialized industries, thereby offering a comprehensive and effective tool to enhance fall protection in utility-related environments.
- In March 2023, Petzl unveiled the ASAP ASAP LOCK kits, which act as convenient solutions that are pre-equipped with connectors, mobile fall arresters, and energy absorbers. These kits are hassle-free, ready-to-use personal fall arrest systems that comply with OSHA fall protection regulations and adhere to the ANSI Z359.15 standard. When paired with RAY 11 lifelines, available with or without a sewn termination (sold separately), these kits act as comprehensive and reliable fall protection solutions
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