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USD 3.8 BN | Industrial Fall Protection Equipment Market Research Report 2019 – 2024

Author : Rahul Varpe | Published Date : 2019-08-15 

Powered by the increasing rate of fatalities due to hazardous falls at industrial workplaces, industrial fall protection equipment market size has been growing remarkably in the recent years. The rising awareness among the industries and regulatory bodies about the surging need of safe working conditions for maintaining decorum at the workplace has been impelling the industry trends.

Several policymakers have been implementing strict regulations to mandate the use of fall protection equipment at work sites such as construction firms, mining, and energy utility firms. The presence of a stringent regulatory scenario related to the safety of workers for curbing the chances of fatal falls along with the implementation of fall protection programs to generate awareness among the workers about the use of safety products are likely to propel the industrial fall protection equipment market.

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Global industrial fall protection equipment market share is consolidated among few manufacturers such as:

  • MSA Safety Company
  • 3M
  • Capital Safety
  • Honeywell
  • French Creek production
  • Mallcom Pure Safety Group
  • Udyogi

Leading companies in the industrial fall protection equipment market have been investing in mergers and acquisitions to achieve a dominant position in the market. Recently, 3M successfully purchased the global leader in the personal protection industry, Aearo Technologies Inc., for USD 1.2 million. The acquisition will help 3M to strengthen its customer base across military, industrial, and construction sector. In addition, the company has broadened its business space in safety and personal protection equipment. The rising number of M&As will thus help industrial fall protection equipment manufacturers increase their chances of profitability and help them develop high-quality products.

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Industrial Fall Protection Equipment Market, by Application:

  • Construction
  • Oil & gas
  • Mining
  • Transportation
  • Energy & utilities
  • Telecom

Rising number of construction activities across the globe will majorly propel industrial fall protection equipment market in the years ahead. The stringent regulations enforced by administrative bodies to increase workspace safety will also have a positive impact on the industry growth in the near future. Reportedly, fueled by strategic alliances, acquisitions, and novel product adoption, industrial fall protection equipment industry is slated to surpass a revenue collection of USD 3.8 billion by the end of 2024.

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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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