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Industrial fall protection equipment market will generate admirable revenue by 2024

Author : Rahul Varpe | Published Date : 2019-04-18 

Global Market Insights has recently added a report on Industrial fall protection equipment market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere

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.

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.

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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.

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.

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.

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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.

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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