Europe Fall Protection Market, By Type (Product and Services), Industry (Mining, Construction, General Industry, Oil & Gas, Energy & Utilities, Telecommunication, Agriculture, Transportation, Marine & Shipbuilding, and Others) - Industry Trends and Forecast to 2029.
Europe Fall Protection Market Analysis and Size
The demand for fall protection is increasing due to increasing awareness of safety at workplaces and government regulations. However, poor quality of the products and some inexpensive products restrain the fall protection market.
Data Bridge Market Research analyzes that the Europe fall protection market is expected to reach the value of USD 1,453,112.60 thousand by 2029, at a CAGR of 7.7% during the forecast period. The Europe fall protection market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Year
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2020
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Quantitative Units
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Revenue in USD Million, and Pricing in USD
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Segments Covered
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By Type (Product and Services), Industry (Mining, Construction, General Industry, Oil & Gas, Energy & Utilities, Telecommunication, Agriculture, Transportation, Marine & Shipbuilding, and Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and rest of Europe
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Market Players Covered
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Honeywell International Inc, 3M, WernerCo., MSA, Guardian Fall, Petzl, SKYLOTEC, P & P Limited, Kee Safety, Inc., Eurosafe Solutions, Carl Stahl Hebetechnik GmbH, ABS Safety GmbH, Guardian Fall, Adolf Wurth GmbH & Co, KG, and Bergman & Beving AB among others
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Market Definition
Fall protection is used to prevent fall from height when the workers are working at height. Fall protection should be used when the workers are above 6 feet or the lower level. A variety of materials such as harnesses, anchors, lanyards, lifelines, fall arrest, rope, and rescue kits among others, are used for fall protection in various industries such as mining, construction, oil & gas, energy & utilities, telecommunication, agriculture, transportation, marine and shipbuilding, and others.
Europe Fall Protection Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Growing demand for fall protection equipment in construction and mining projects
Construction projects are increasing in different regions of the world because of increasing growth of many industries like hospitals, schools, and industrial areas. Mining projects are extraction of minerals from the earth which is leading to market growth as minerals have demand worldwide. These industries are dependent on the fall protection market which helps to increase the market growth.
- Increasing safety awareness in the industrial area
The European Union has an extensive industrial safety network that sets voluntary guidelines and standardization principles that provide technical specifications for industrial services and process safety.
The Occupational Safety and Health Act of 1970, the first comprehensive industrial safety legislation, passed at the federal level, to assure safety and health regulations for men and women by authorizing the enforcement was developed under the act.
Thus, an increase in safety awareness in industrial areas has increased market growth. The government has implemented many rules and regulations for the safety of workers.
Opportunity
- Growing rate of investments in smart building technologies in the developing nations
User interface and connectivity are other components used in smart buildings, as user interface is how the information is delivered to the end-user and connectivity is sensors that have to be connected through the internet for their data to be analyzed.
The fall protection used in the market is increasing as investment in smart buildings is increasing in developing nations. Thus, this factor is expected to open up ample opportunities for market growth.
Restraints/Challenges
- Poor quality and loose ends of fall-related equipment increase risk of accident
Loose ends of fall equipment can cause injuries and accidents in industrial fields and loose ends are caused due to exposure to hazardous toxic chemicals, or exposure to UV lights. These factors should be inspected before every use to avoid accidents.
Thus, using poor quality and loose ends of fall protection equipment can lead to injuries and accidents. This is further expected to restrain the market growth.
- Initial cost of products is higher than other system
Installation cost means the cost of placing and connecting machines and this cost is high for some of the fall protection systems as some of them need more cost to install in the work field, maybe, in terms of more crew members. However, this requires more labor costs and higher installation costs. Also, higher installation cost is one of the challenges for the market and can hinder market growth as well.
Post-COVID-19 Impact on Europe Fall Protection Market
COVID-19 created a negative impact on the fall protection market due to lockdown regulations and the shutdown of training facilities.
The COVID-19 pandemic impacted the market to a greater extent in a negative manner. However, increasing adoption of virtual training across the world has helped the market to grow after the pandemic. Also, the growth has been high since the market opened after COVID-19, and it is expected that there would be considerable growth in the sector owing to higher demand for a skilled workforce in the marine industry.
Service providers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple R&D activities to improve the technology involved in fall protection. With this, the companies will bring advanced technologies to the market. In addition, government initiatives for use of the protection and improving the safety measure in all industries has led to the market's growth.
Recent Developments
- In October 2020, Honeywell International Inc. announced the miller H500 series, which combines ergonomics and comfort initiative safety features to provide workers with more confidence when working at height
- In May 2021, MSA safety announced the acquisition of Bacharach Inc. This will expand MSA's gas detection portfolio and leverage MSA products and manufacturing expertise into a new market.
Europe Fall Protection Market Scope
Europe fall protection market is segmented into two notable segments based on type and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Product
- Services
Based on type, the market is segmented into product and services.
Industry
- Construction
- General Industry
- Energy and Utilities
- Oil and Gas
- Mining
- Telecommunication
- Agriculture
- Marine and Shipbuilding
- Transportation
- Others
Based on industry, the market is segmented into construction, general industry, mining, oil & gas, energy & utilities, telecommunication, agriculture, transportation, marine and shipbuilding, and others.
Europe Fall Protection Market Regional Analysis/Insights
Europe fall protection market is analyzed and market size insights and trends are provided by country, type, and industry as referenced above.
The countries covered in this market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and rest of Europe. U.K. dominates in the Europe region owing to increasing marine and shipping expenditure in the country.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, and impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Fall Protection Market Share Analysis
Europe fall protection market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to companies' focus related to the market.
Some of the major players operating in the Europe fall protection market are Honeywell International Inc, 3M, WernerCo., MSA, Guardian Fall, Petzl, SKYLOTEC, P & P Limited, Kee Safety, Inc., Eurosafe Solutions, Carl Stahl Hebetechnik GmbH, ABS Safety GmbH, Guardian Fall, Adolf Wurth GmbH & Co, KG, and Bergman & Beving AB among others.
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