Fall Protection Kits Market Report
Fall Protection Kits Market Trends, Dynamics & Market Insights See less
Fall Protection Kits Market Trends, Dynamics & Market Insights
Fall Protection Kits Market, By Type (Harness & lanyard kits, Rescue kits, Fall protection bags, Fall protection compliance kits, Roofers kits, Horizontal lifeline systems, Gotcha kits, Universal harness lanyard combos, 4-person horizontal lifeline kits, Aerial lift kits), By End-Use (Construction, General Industry, Oil & Gas, Energy & Utilities, Telecom, Transportation, Mining), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global fall protection kits market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Fall Protection Kits Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over xx% during the forecast period.
Fall protection is that the use of controls developed to safeguard personnel from falling or within the situation they are doing fall, to prevent them without causing severe injury. Fall protection kits are wont to prevent falls from height when the workers are performing at height. A fall protection kit should be used when the workers are above 6 feet or the lower level.
Key players operating in the fall protection kits market are-
Growing awareness regarding industrial safety as well as stringent government regulations about the safety of people in the construction and general industry sectors are expected to boost the growth of the global fall protection market in the coming years. Moreover, due to the rising awareness for safety at the workplace and the increasing prevalence of work accidents in various sectors such as oil & gas, energy & utilities, telecom, general industry, mining, and transportation industries in the region, there is a significant product demand.
By end-use, the fall protection kits market has been categorized into construction, general industry, oil & gas, energy & utilities, telecom, transportation, and mining. Under these, the construction segment accounted for a significant market share in 2020. Mandates by governments of several countries around the world, about the use of fall protection equipment to reduce the number of accidents and causalities during construction activities, is expected to propel the growth of this segment in the coming years.
By region, the market in Asia-Pacific accounted for a significant market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is mainly ascribed to the strong production and consumption of fall protection are in the region. Moreover, strong economic growth is the strong growth of end-use sectors such as construction, mining, general industry, etc., which further spurs the regional market growth.
The COVID-19 outbreak negatively affected the growth of the fall protection kits market. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. The pandemic affected the construction, general industry, oil & gas, energy & utilities, telecom, transportation, and mining sectors, thus affecting every stakeholder in the supply chain.
Here is the list of the group of customers that the fall protection kits market hopes to have the greatest opportunity to convert-
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Honeywell (US), 3M (US), Karam Industries (India), Uviraj (India), PK Safety (UK), Norguard Industries (Canada), Webb-Rite Safety (US), and Udyogi Plastics Pvt. (India) are among the key players in the fall protection kits market.
Growing awareness regarding industrial safety as well as stringent government regulations about the safety of people in the construction and general industry sectors are the factors driving the growth of fall protection kits market.
The construction segment accounted for a significant share in the fall protection kits market in 2020.
Asia-pacific is expected to grow at a significant CAGR in the fall protection kits market in the next five years.
Fall Protection Kits distributors, Fall Protection Kits suppliers, Fall Protection Kits manufacturers, Logistics organizations, Government bodies are the target audience in the fall protection kits market.