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EUR 3.18 BN, Industrial Fall Protection Equipment Market 2019 | Regional Insights, Trends & Growth Forecast To 2024

Author : Rahul Varpe | Published Date : 2019-09-23 

The Industrial Fall Protection Equipment Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, size and trends worldwide. 

Industrial Fall Protection Equipment Market may exceed USD 3.5 billion by 2024; according to a new research report. Increasing government regulations and standards regarding worker safety in industries such as mining, energy, utility and construction may accelerate industry growth. These regulations require employers to provide equipment?s for protection from floor holes, runways, platforms and dangerous machines. These products help prevent falls, trips and slips on slippery surfaces preventing minor injuries and fatalities, thus boosting industrial fall protection equipment market growth.

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Body belts for industrial fall protection equipment market should surpass USD 360 million by 2024 owing to increasing government investments in infrastructure facilities. These products prevent drop from elevated platforms, ensure proper worker positioning, and work in combination with full body harnesses. Also, they provide comfort and are resistant to harsh environment, chemicals & moisture, which may further stimulate industry growth.

Industrial fall protection equipment market from oil & gas applications should witness gains close to 7% in the predicted period primarily owing to rising energy demand and favorable government initiatives to promote investments. These products withstand harsh conditions such as fire, contamination and rain, along with ensuring worker safety during pipe positioning, maintenance, tear down, or rig setup operations.

What are the important points that the Industrial Fall Protection Equipment Market report covers with respect to the Product landscape?

  • The report segments the Industrial Fall Protection Equipment Market into Soft Goods, Hard Goods, Full Body Harness, Rescue Kits, Body Belts as per the Product spectrum.
  • The market share that each of the Product segments account for in the industry currently, are provided in the report.
  • The growth rate at which the Product categories will increase over the forecast period have been mentioned, in tandem with the target valuation that each of the sub-segments will accrue by the end of the projected period.

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The oil & gas industry has a high potential for injuries during operations in confined spaces such as reserve pits, storage tanks, excavated areas, mud pits and hooped ladders which may further boost industrial fall protection equipment market growth.

North America driven by the U.S. industrial fall protection equipment market may observe significant gains at over 6% on account of increasing construction activities in the region. The region is witnessing rising development of commercial & residential buildings.

Other important pointers encompassed in the report:

  • The Industrial Fall Protection Equipment Market study presents a 360-degree synopsis of the industry in question, covering all the latest aspects possible.
  • The numerous pricing trends prevalent in the Industrial Fall Protection Equipment Market are presented in the report.
  • Pertaining to the competitive landscape, the report also includes a snippet about the financial data of the companies included.
  • A gist of the regulatory norms governing the Industrial Fall Protection Equipment Market across the developed and developing economies has been enumerated in the study.
  • For the sake of convenience, the Industrial Fall Protection Equipment Market report also explicates on the market definitions referred to in the document.

Browse report summery @ https://www.gminsights.com/industry-analysis/fall-protection-market

The U.S. government has announced infrastructure plans aimed at attracting investments for the modernization of old infrastructure such as bridges, roads, public utilities and hospitals. Industrial fall protection equipment offers protection from various hazards in the construction industry such as ladders, scaffolds, stairs, roofs and building structures which may further stimulate product demand.

Global industrial fall protection equipment market share is consolidated among few manufacturers such as MSA Safety Company, 3M, Capital Safety and Honeywell. Other manufacturers include French Creek production, Mallcom Pure Safety Group and Udyogi. Prominent industry participants are primarily focusing on new product development to improve product offerings and strategic acquisitions to expand their product portfolio.

Related news - https://www.marketwatch.com/press-release/remodeling-market-is-anticipated-to-register-usd-5-trillion-revenue-by-2024-2019-09-20

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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