Press release
Worldwide Fall Protection Equipment Market to Expand at 9.0% CAGR from 2020 owing to Implementation of Safety Mandates
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Full body harness is one of the major types of fall protection equipment used for rescue purposes. The better support provided by full body harness in height rescue is one of the major factors fueling the demand for full body harness globally. The full body harness segment was valued at USD 676.7 million in 2013. However, safety net is one of the fastest growing types of fall protection equipment used for rescue purposes. The safety net segment is expected to grow at a CAGR of 9.6% from 2014 to 2020.
North America and Europe are some of the major markets for fall protection equipment in rescue. The North America fall protection equipment market in rescue was valued at USD 670.7 million in 2013. However, it is expected to experience a stable growth throughout the forecast period. Africa is having huge untapped potential for fall protection equipment in rescue. The fall protection equipment market in rescue in Africa is expected to grow at a CAGR of 17.9% from 2014 to 2020. Kenya, South Africa and Nigeria are some of the major countries fueling the demand for fall protection equipment in this region.
The fall protection equipment market is dominated by few major players. However, there are large numbers of local manufacturers who operate at country level. Capital Safety, 3M Co., Alpha Pro Tech Ltd., Ansell Ltd., Avon Rubber p.l.c., Cofra Holdings AG, Oftenrich Holdings Limited (Golden Chang), Honeywell Safety Products, Rock Fall Ltd. and Uvex Safety Group among others are some of the major players operating in fall protection equipment market in rescue.
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