US Fall Protection Equipment Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Product Type (Soft Goods, Hard Goods, Rescue Kits, Body Belts, Full Body Harness, and Others) and Application (Construction, Transportation, Oil & Gas, Mining, Energy and Utilities, Telecom, and Others)hers)

Code: TIPRE00024223 | Pages: 141 | Industry: Manufacturing and Construction | Date: Aug 2021
Covid

Market Introduction

Fall protection equipment is a type of gear that protects people from falling from a great height and keeps them safe in dangerous situations. Fall guarding (protection that prevents a person from entering a fall danger area) and fall restraint (protection preventing the falling of persons working in a fall hazard area) are the two main forms of fall protection. Fall arrest equipment are required in circumstances when workers must work at elevated positions and are at risk of falling.

Year after year, falls remain one of OSHA's top four Violations. While addressing falls from a behavioral perspective is helpful for prevention, improved goods and technology have the potential to lay the foundation for a broad risk reduction. Outside of the classroom is the greatest place to acquire construction skills. OSHA recommends a lecture-to-participation ratio of 1:3. In construction training, field learning alternatives such as applications, augmented reality (AR), and virtual reality (VR), have a bright future. For instance, The Harness Hero app is an intriguing illustration of the construction industry's current tendency of "gamification" of training. The Harness Hero app is a kind of reinforcement training for users who are learning the ABCs of Fall Protection (anchor, belt, and connector). The software teaches construction workers how to choose a good anchor point and evaluate the fall prevention system. As a result, the fall prevention equipment makers' next future insight would be the training app and games.

Market Overview and Dynamics              

The US fall protection equipment market was valued at US$ 1,009.39 million in 2021 and is projected to reach US$ 1,609.28 million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028. With the rising speed and progress of structure and building design, the problems and hazards associated with it are also increasing. To maintain safety requirements, the safety equipment must also be upgraded over time. As a result of changing patterns, the US government has revised its fall protection requirements. Current fall prevention equipment has undergone adjustments as a result of the revised standard. The standard mandates that gate strength requirements for snap hooks and carabiners be doubled to 3,600 pounds in all directions of possible loading. The old ANSI standard demanded 220 pounds on the gate's face and 350 pounds on the gate's side, even though many manufacturers were already fulfilling the new standard's criteria when it was approved. To optimize fall arrest, harnesses must now include D-rings in the front and rear, and twin-leg lanyards must be tested before use and have cautions on product labels on how to use them appropriately. As a result, fall protection equipment suppliers will see creating adjustable fall protection equipment as a prime opportunity.

As per the market scenario, startups and international enterprises are expanding their presence within the US, owing to a well-established economic structure. This factor supports the growth of SMEs in the US that would further help in the adoption of fall protection equipment as a means of addressing tax compliance.

Key Market Segments

Based on product type, the fall protection equipment market is segmented into soft goods, hard goods, rescue kits, body belts, full body harness, and others. The hard goods segment is the leading segment as it offers enhanced safety for working. Moreover, the rising innovation in this segment is supposed to boost market growth. However, the increasing demand for full body harness systems from all industrial users is helping the segment to grow with the highest CAGR. The development of hard goods (those made from metal or other non-synthetic materials) fall equipment is focused on adaptability and efficiency. Anchors, carabiners, rope grabs, and retractable blocks are examples of hard goods. Anchors are extremely capable of supporting intended weights and assisting in the prevention of falls. The use of hard goods is important in the mining sector since it increases worker flexibility and convenience. The growth of the mining sector in the US is expected to boost the demand for these products. Rope grabs are the ideal alternative for vertical and horizontal lifeline systems used in construction and mining industries because they enable level and inertial locking to prevent the fall. Today's hard goods have various capacities, and they reduce the amount of equipment required at the workplace. Self-retracting lifelines with a built-in rescue system are a newer addition. Depending on the surroundings, these devices, which may be programmed to automatically lower a worker in the event of a fall, can obviate the need for a separate rescue system on site.

Based on application, the construction segment dominated the US fall protection equipment market. The construction sector is the most common end user of fall prevention systems, as it has the highest annual injury rate. The global construction sector is responsible for more than a third of all workplace deaths each year. Due to a large number of planned building projects, the US is one of the most important countries for safety equipment on construction sites. As mandated by administrations in several states across the US, the use of fall protection systems to reduce the number of accidents and fatalities during building activities is expected to fuel the growth of this market. The US is one of the major construction industry markets, with spending approximately US$ 1.5 trillion in June 2021. Recent advancements in construction technologies and a rise in demand for worker safety solutions have driven the market. However, the shutdown of construction projects and delayed residential projects investments due to the COVID-19 pandemic have severely impacted the market growth as the demand for fall protection equipment has been lowered.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the US fall protection equipment market in the US are company websites, annual reports, financial reports, national government documents, and statistical databases. Major companies listed in the US fall protection equipment market report include 3M, Falltech, French Creek Production, Frontline, Guardian Fall Protection, Kee Safety, KwikSafety, MSA Safety Incorporated, Honeywell International Inc., and Tritech Fall Protection.

Reasons to Buy Report

  • To understand the US fall protection equipment market landscape and identify market segments that are most likely to guarantee a strong return
  • To stay ahead of the race by comprehending the ever-changing competitive market landscape
  • To efficiently plan mergers and acquisitions and partnership deals in the US fall protection equipment market by identifying market segments with the most promising probable sales
  • To make knowledgeable business decisions from the perceptive and comprehensive analysis of the market performance of various segments in the market
  • To obtain the US fall protection equipment market revenue forecast based on various segments, for the period 2020–2027

The fall protection equipment market is segmented into product type and application. Based on product type, the fall protection equipment market is segmented into soft goods, hard goods, rescue kits, body belts, full body harness, and others. In terms of application, the fall protection equipment market is divided into construction, oil and gas, transportation, energy and utilities, telecom and others.


Company Profiles

  • 3M
  • Falltech
  • French Creek Production
  • Frontline
  • Guardian Fall Protection
  • Kee Safety
  • KwikSafety
  • MSA Safety Incorporated
  • Honeywell International Inc.
  • Tritech Fall Protection

 

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.          Research Methodology

3.1        Coverage

3.2        Secondary Research

3.3        Primary Research

4.          Fall protection equipment Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.2.1        US

4.3        Ecosystem Analysis

4.4        Expert Opinions

5.          Fall protection equipment Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Stringent Safety Regulations

5.1.2        Rise in Construction Activities

5.2        Key Market Restraints

5.2.1        Increasing Automation Across Industries

5.3        Key Market Opportunities

5.3.1        Innovation in Fall Protection Equipment

5.4        Future Trends

5.4.1        Fall Safety Training Apps and Games

6.          Fall protection equipment – US Market Analysis

6.1        Fall protection equipment Market – Revenue and Forecast to 2028 (US$ Million)

6.2        Market Positioning – US Market Players Ranking

7.          Fall Protection Equipment Market Analysis – By Product Type

7.1        Overview

7.2        Fall Protection Equipment Market Breakdown, by Product Type, 2020 & 2028

7.3        Soft Goods

7.3.1        Overview

7.3.2        Soft Goods Market Revenue and Forecasts to 2028 (US$ Mn)

7.4        Hard Goods

7.4.1        Overview

7.4.2        Hard Goods Market Revenue and Forecasts to 2028 (US$ Mn)

7.5        Rescue Kits

7.5.1        Overview

7.5.2        Rescue Kits Market Revenue and Forecasts to 2028 (US$ Mn)

7.6        Body Belts

7.6.1        Overview

7.6.2        Body Belts Market Revenue and Forecasts to 2028 (US$ Mn)

7.7        Full Body Harness

7.7.1        Overview

7.7.2        Full Body Harness Market Revenue and Forecasts to 2028 (US$ Mn)

7.8        Others

7.8.1        Overview

7.8.2        Others Market Revenue and Forecasts to 2028 (US$ Mn)

8.          Fall Protection Equipment Market Analysis – By Application

8.1        Overview

8.2        Fall Protection Equipment Market Breakdown, By Application, 2020 & 2028

8.3        Construction

8.3.1        Overview

8.3.2        Construction Market Revenue and Forecasts to 2028 (US$ Mn)

8.4        Transportation

8.4.1        Overview

8.4.2        Transportation Market Revenue and Forecasts to 2028 (US$ Mn)

8.5        Oil & Gas

8.5.1        Overview

8.5.2        Oil & Gas Market Revenue and Forecasts to 2028 (US$ Mn)

8.6        Mining

8.6.1        Overview

8.6.2        Mining Market Revenue and Forecasts to 2028 (US$ Mn)

8.7        Energy and Utilities

8.7.1        Overview

8.7.2        Energy and Utilities Market Revenue and Forecasts to 2028 (US$ Mn)

8.8        Telecom

8.8.1        Overview

8.8.2        Telecom Market Revenue and Forecasts to 2028 (US$ Mn)

8.9        Others

8.9.1        Overview

8.9.2        Others Market Revenue and Forecasts to 2028 (US$ Mn)

9.          Fall protection equipment Market - COVID-19 Impact Analysis

9.1        Overview

10.       Industry Landscape

10.1      Overview

10.2      Market Initiative

10.3      Market Initiative

11.       Company Profiles

11.1      3M

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Falltech

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      French Creek Production

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      Frontline

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Guardian Fall Protection

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Kee Safety

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      KwikSafety

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      MSA Safety Incorporated

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9      Honeywell International Inc.

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10   1.10 Tritech Fall Protection

11.10.1   Key Facts

11.10.2   Business Description

11.10.3   Products and Services

11.10.4   Financial Overview

11.10.5   SWOT Analysis

11.10.6   Key Developments

12.       Appendix

12.1      About The Insight Partners

12.2      Word Index

LIST OF TABLES

Table 1.            Fall protection equipment Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.            List of Abbreviation

LIST OF FIGURES

Figure 1.           Fall Protection Equipment Market Segmentation

Figure 3.           US Fall Protection Equipment Market Overview

Figure 4.           Fall Protection Equipment Market, by Product Type

Figure 5.           Fall Protection Equipment Market, by Application

Figure 6.           US PEST Analysis

Figure 7.           Fall protection equipment Market: Ecosystem Analysis

Figure 8.           Fall Protection Equipment Market Impact Analysis of Drivers and Restraints

Figure 9.           Fall protection equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Fall Protection Equipment Market Breakdown, by Product Type, 2020 & 2028 (%)

Figure 11.        U.S. Soft Goods Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 12.        U.S. Hard Goods Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 13.        U.S. Rescue Kits Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14.        U.S. Body Belts Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 15.        U.S. Full Body Harness Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 16.        U.S. Others Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17.        Fall Protection Equipment Market Breakdown, By Application, 2020 & 2028 (%)

Figure 18.        U.S. Construction Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 19.        U.S. Transportation Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20.        U.S. Oil & Gas Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21.        U.S. Mining Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 22.        U.S. Energy and Utilities Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 23.        U.S. Telecom Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 24.        U.S. Others Market Revenue and Forecasts to 2028 (US$ Mn)

 

The List of companies - US Fall Protection Equipment Market

  1. 3M
  2. Falltech
  3. French Creek Production
  4. Frontline
  5. Guardian Fall Protection
  6. Kee Safety
  7. KwikSafety
  8. MSA Safety Incorporated
  9. Honeywell International Inc.
  10.  Tritech Fall Protection
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US fall protection equipment market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the US fall protection equipment market thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth US market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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