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Global Fall Protection Equipment Market in Rescue to Witness High Demand from Diverse Industries

Article Description

Fall protection equipment consists of safety devices used in rescue operations in the power generation, distribution, and transmission sectors. These devices are used for rescue operations across various industries such as manufacturing, oil and gas, construction, and government usage. In these sectors, workers have to use the fall protection equipment, as they are expected to work for long periods at an elevated location, including poles and towers.

Browse the full Global Fall Protection Equipment Market report at http://www.mrrse.com/fall-protection-equipment-market

Global Market for Fall Protection Equipment in Rescue to Reach US$3.5 bn by 2020

The growing awareness regarding worker safety regulations in various industries is the main factor expected to boost the adoption of fall protection equipment, especially in rescue operations worldwide. In addition, the International Labour Organization backs several regulatory activities regarding the safety of workers, which has resulted in the potential for high demand for fall protection equipment in the near future. In 2013, the global fall protection equipment market in rescue was valued at US$1.9 bn and is estimated to reach a value of US$3.5 bn by the end of 2020. This market is expected to exhibit a 9% CAGR between 2014 and 2020.

The global market for fall protection equipment in rescue can be segmented on the basis of type into chest harnesses, safety nets, suspension belts, full body harnesses, body belts, and others. Suspension belts are sub-segmented into horizontal lifelines, self-retracting lifelines, and vertical lifelines. Amongst these types, the full body harness segment is widely used in most rescue operations. In 2013, the full body harness segment was worth US$676.7 mn. The rapid growth of this segment can be attributed to the enhanced support offered by them to workers. On the other hand, the safety net segment is expected to witness healthy growth in the global market for fall protection equipment used in rescue jobs and is estimated to register a progressive 9.60% CAGR from 2014 to 2020.

Africa Market for Fall Protection Equipment in Rescue to Log 17.90% CAGR from 2014 to 2020

The global market for fall protection equipment in rescue can be categorized on the basis of geography into Latin America, the Middle East, North America, Africa, Europe, and Asia Pacific. Among these regions, the North America and Europe fall protection equipment markets in rescue are the dominating regional segments. In 2013, the North America market for fall protection equipment in rescue was worth US$670.7 mn. Nevertheless, this region is projected to witness steady growth during the forecast period. The Africa market for fall protection equipment in rescue is considered a huge untapped region with high growth opportunities for fall protection equipment in rescue. As a result, this region is estimated to register a progressive 17.90% CAGR between 2014 and 2020. South Africa, Kenya, and Nigeria are the major economies that are expected to boost the demand for fall protection equipment in the Africa market.

The prominent players operating in the global market for fall protection equipment in rescue are Honeywell Safety Products, Rock Fall Ltd., Cofra Holdings AG, Uvex Safety Group, Oftenrich Holdings Limited, Avon Rubber p.l.c., 3M Co., Alpha Pro Tech Ltd., Ansell Ltd., and Capital Safety.