Global Fall Protection Market - 2021-2028

Global Fall Protection Market - 2021-2028

Market Overview

The global fall protection market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

Fall protection uses controls methods and equipment to prevent personnel from falling without causing severe injury. Generally, fall protection is required when working at height but may be relevant when working near an edge, such as near a pit/hole or performing work on a steep surface. Falls are among the most general causes of serious injuries and deaths. Companies must set up the workplace to prevent employees from falling off of overhead platforms, elevated work stations or holes in the floor and walls.

Market Dynamics

Stringent regulations and laws related to the safety of workers and employees are expected to drive the global fall protection market. Advancements in fall protection technology are likely to drive the market. However, increased automation to do a task that can replace personnel in end-use industries is expected to restraint the global fall protection market.

Stringent regulations and laws related to the safety of workers and employees

Globally, falls are a major public health issue. According to the World Health Organization (WHO), around 684,000 fatal falls occur each year, making it the second most cause of unintentional injury death after road traffic injuries. Death rates are highest among adults over 60 years. Moreover, around 37.3 million severe falls to require medical attention occur each year. Falls are responsible for more than 38 million disability-adjusted life years (DALYs) lost each year, resulting in more living with disability than transport injury, drowning, burns and poisoning.

Therefore, government bodies and organizations such as Occupational Safety & Health Administration (OSHA) have made prevention strategies such as training, creating safer environments, fall protection equipment and establishing effective policies to reduce risk. For instance, OSHA mandates that fall protection be implemented at four feet in industry workplaces, six feet in the construction sector and eight feet in long shoring operations.

Furthermore, OSHA requires companies to have fall protection equipment to protect personnel from falls. For instance, OSHA requires to guard every floor hole into which a worker can accidentally walk using a railing, toe-board or a floor-hole cover. Employers must give guardrails and toe-boards to prevent workers from falling and getting injured onto dangerous machines or equipment. Other means of fall protection such as harness and line, safety nets, stair railings and handrails are provided.

Advancements in fall protection technology are likely to drive the market

Fall protection technology is constantly improving, allowing specialization to simplify and improve traditionally dangerous tasks for which there were previously no safer alternatives. Manufacturers are working on improving the longevity of webbing in soft goods. The development of hard goods products is focused on versatility and efficiency. Furthermore, several innovative systems and anchors are developed for specific purposes, such as standing seam roofs, precast concrete and pole-climbing.

Increased automation to do a task that can replace personnel in end-use industries is expected to restraint the fall protection market

Automation technologies such as robotics and machine learning play an increasingly great role in everyday life; their potential effect on the workplace has become a major focus of research and public concern. There is a surging trend of using robots to do tasks that could harm humans.

According to Oxford Economics, the robotics revolution is rapidly accelerating, as fast-paced technological advances in automation, engineering, energy storage and other sectors. The far-reaching results will change the capabilities of robots and their ability to take over tasks once carried out by humans. The company estimated that automation would disrupt existing business models in many sectors and around 20 million employments are set to be lost by 2030.

Moreover, almost one-fifth of the time spent in U.S. workplaces involves performing physical activities or operating machinery where changes are relatively easy to anticipate. For instance, in manufacturing, performing physical activities or operating machinery in an environment represents one-third of the workers' overall time. Because of the prevalence of such physical work, some 59% of all manufacturing activities could be automated, given technical considerations.

COVID-19 Impact Analysis

According to the World Economic Forum study, the COVID-19 pandemic makes companies automate their workforce faster than expected globally, while operations companies accelerate their automation and digitization above the global average. According to the year-long study on the effects of automation in the workplace and the outlook for the robot revolution, the ""future of work"" has arrived early due to the pandemic and may result in 85 million jobs being displaced in medium and large businesses across just 15 industries and 26 economies in the next five years.

Moreover, a manual cleaner's job has increased risk with the pandemic and rising pollution levels. According to a media report, using robots to handle the disinfection and cleaning of shared environments and materials has increased. For instance, self-driving disinfectant robots serve in Chinese hospitals to combat the coronavirus.

Segment Analysis

The global fall protection is segmented into soft goods, installed systems, hard goods, access systems, rescue kits and services based on product type.

Soft goods have been the first fall protection system to wear out and require replacement. Companies are developing materials and technologies that improve the durability of webbing. For instance, companies have developed repelling technology that makes moisture-resistant material and protects against abrasion when used as a coating on the webbing.

Companies have increased the comfort of soft goods by increasing padding and using soft materials and components that decrease the product's weight, such as aluminum D-rings. Moreover, adjustability is one of the factors affecting the comfort of a harness. The adjustments on the leg, shoulder and chest straps have been difficult to maintain throughout a long workday. Newly introduced features hold these adjustments in place, eliminating the need to readjust throughout a shift constantly.

Geographical Analysis

The global fall protection market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa based on geography.

According to the World Health Organization (WHO), approximately 80% of fall-related fatalities occur in low- and middle-income countries, with regions of the western Pacific and Southeast Asia accounting for 60% of these deaths. In Singapore, 100 companies are emphasizing preventing workplace falls. In 2017, Senior Management Workplace Safety and Health Walkabout, in conjunction with the annual Workplace Safety and Health (WSH), launched a campaign of Target Zero Falls.

Moreover, there are growing construction activities in China, India and other countries. For instance, the government of China has extensive construction plans, such as making requirements for the movement of 250 million individuals to its new megacities. As per the National Bureau of Statistics (NBS), in 2020, real estate investment in China rose 7.0%, accelerating from a 6.8% gain in the first 11 months of the year.

Competitive Landscape

The global fall protection market is moderately competitive and consolidated with the presence of local and global companies. The major companies are 3M Company, MSA Safety Inc., Honeywell Global Inc., Werner Co., GF Protection Inc., SKYLOTEC GmbH, W.W. Grainger, Inc., Total Access Ltd., Kee Safety, Inc. and FallTech, among others. Additionally, the major players are adopting several growth strategies such as product launches, acquisitions and collaborations, which contribute to the growth of the fall protection market globally.

Overview: 3M is a multinational, American conglomerate corporation operating in U.S. health care, worker safety and consumer goods. It is headquartered in Saint Paul, Minnesota, U.S.

Product Portfolio: 3M Personal Safety Division offers 3M DBI-SALA and 3M Protecta Fall Protection brands. Protecta offers reliable fall protection solutions and products that comply with safety regulations and help workers get the job done.

Key Development:

On July 2020, 3M Personal Safety Division announced launch of Suspension Trauma Safety Straps included on all mainline 3M DBI-SALA branded harnesses as part of 3M Fall Protection's ongoing commitment to delivering high-quality safety equipment to protect workers.

Why Purchase the Report?

Visualize the composition of the fall protection market segmentation by type, product type, end-user and region, highlighting the key commercial assets and players.

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Excel data sheet with thousands of data points of fall protection market-level 4/5 segmentation.

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Target Audience

Fall Protection Manufacturers

Fall Protection Suppliers

Raw Material Suppliers

Investment Banks

Government Bodies