The growing demand
for fall protection equipment in rescue operations, especially in the
power transmission, generation, and distribution sectors, has greatly
fueled the worldwide global fall protection equipment market for,
states Transparency Market Research in a recent report. The 75-page
research publication is titled “Fall
Protection Equipment Market in Rescue - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020” and is
available for sale on the company website.Fall protection equipment
is used in different industrial and commercial sectors to protect
workers from mishaps and injuries while working at dangerous heights.
Fall protection equipment finds application in a number of industries
such as construction, energy and utility, telecom, and
transportation. According to the report, the global market for fall
protection equipment in rescue is projected to increase from a value
of US$1.9 bn in 2013 to US$3.5 bn by 2020. If these values hold true,
the market is likely to expand at a 9.0% CAGR therein.
The growing fleet
size of fire brigades, the rising concerns regarding occupational
safety in various industrial settings, and the strict government
mandates pertaining to the use of fall protection equipment drives
the global market.The report studies the global market for fall
protection equipment in rescue based on type of equipment and
geography.
By type of
equipment, the fall protection equipment market has been segmented
into full-body harness, chest harness, body belts, suspension belts,
safety nets, and others. Among these, the segment of full-body
harness enjoys a major share in the overall market for fall
protection equipment owing to the better support provided by them in
height rescue operations. The value of this segment was pegged at
US$676.7 mn in 2013. The segment of safety nets is projected to
expand at a 9.6% CAGR from 2014 to 2020, emerging as the most rapidly
growing segment during the forecast period.
On the basis of
geography, the fall protection equipment market has been divided into
North America, Latin America, Asia Pacific, Africa, Europe, and the
Middle East. Europe and North America are presently the largest
markets for fall protection equipment in the area of rescue
operations. Valued at US$670.7 mn in 2013, the North America market
is anticipated to witness steady growth in the coming years. Africa
possesses immense potential for players in the fall protection
equipment market and this region is projected to expand at an
impressive 17.9% CAGR from 2014 to 2020. Countries such as South
Africa, Kenya, and Nigeria have been identified as the most lucrative
options for industry players.
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Report Copy :
The research report
highlights the performance and contribution of the leading players
competing in the global fall protection equipment market. The top
companies operating in this marketplace include Ansell Ltd., Rock
Fall Ltd., Uvex Safety Group, Oftenrich Holdings Limited, Cofra
Holdings AG, Capital Safety, Avon Rubber p.l.c., 3M Co., Honeywell
Safety Products, and Alpha Pro Tech Ltd.
The study offers an
in-depth assessment of these players based on several aspects such as
company overview, business strategies, financial standing, and recent
developments. With the help of a SWOT analysis, the report sheds
light on the strengths, weaknesses, opportunities, and threats of
individual companies in the market for fall protection equipment in
the field of rescue. This gives clients a better understanding of the
competition and also helps them devise strategic alliances for the
future.
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