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North American Fall Protection Growth Opportunities

Publisher Frost & Sullivan
Published Aug 05, 2022
Length 164 Pages
SKU # MC17340486

Description

North American Fall Protection Growth Opportunities

The North American fall protection market generated $820.7 million in 2021. It is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.9% to $993.8 million in 2026, driven by regulatory updates, growth resurgence in end-use industries, better end-user safety awareness, and greater adoption of improved fall protection equipment.

The top 5 participants in the market—3M, Honeywell, MSA, Guardian, and FallTech—accounted for 68.0% to 78.0% of the total fall protection market revenue in 2021. Fall protection manufacturers are trying to gain market presence through Mergers and Acquisitions (M&As) as well as organic growth.

The construction industry accounted for 32.7% of the revenue in 2021 and is expected to remain a major end-user segment for fall protection equipment and services. Other major end-use industries are manufacturing (21.4%), telecom (13.4%), utilities (13.0%), and oil and gas (9.8%).

Wind energy is expected to witness the highest revenue growth with a CAGR of 6.3%. This is because of the large number of ongoing and expected on-shore and offshore wind farm projects in the region. According to the Bureau of Labor and Statistics (BLS), 'wind turbine service technician' is expected to be the second-fastest growing occupation in the US between 2020 and 2030.

Soft goods generated the highest revenue share of 41.6% in 2021. This segment is also expected to grow more than the average, given the high demand for soft goods in end-user industries, such as construction, manufacturing, and utilities. The higher adoption of soft goods is also because of the relatively cost-effective prices of soft goods.

The services segment is expected to witness high growth at a CAGR of 5.6%, driven by increasing end-user safety awareness, enhanced regulatory enforcements, and increasing investments in training facilities by major end-user industries to reduce fall injuries.

Table of Contents

164 Pages
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on North American Fall Protection Industry
    • Growth Opportunities Fuel the Growth Pipeline Engine
    • Key Findings
    • Scope of Analysis
    • Segmentation
    • Key Competitors*
    • Growth Metrics
    • Distribution Channels
    • Growth Drivers
    • Growth Restraints
    • OSHA-Most Frequently Cited Violations
    • Occupational Injuries
    • Macroeconomic Aspects-North America
    • Market Overview-Major Standards and Regulations
    • Regulatory Compliance Overview
    • Forecast Assumptions
    • Revenue Forecast
    • Revenue Forecast by Product
    • Percent Revenue Forecast by Product
    • Revenue Forecast Analysis
    • Revenue Forecast by Industry Vertical
    • Forecast Percent of Revenue by Industry Vertical
    • Revenue Forecast Analysis by Industry Vertical
    • Revenue Forecast by Country
    • Forecast Percent of Revenue by Country
    • Revenue Forecast Analysis by Country
    • Competitive Environment
    • Notable Merger and Acquisitions Activity
    • Revenue Share
    • Revenue Share Analysis
    • Growth Metrics
    • Revenue Forecast-Soft Goods
    • Revenue Forecast Analysis
    • Revenue Forecast by Country
    • Forecast Percent of Revenue by Country
    • Revenue Forecast by Industry Vertical
    • Forecast Percent of Revenue by Industry Vertical
    • Revenue Forecast Analysis by Industry Vertical
    • Competitive Environment
    • Revenue Share
    • Revenue Share Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast Analysis
    • Revenue Forecast by Country
    • Forecast Percent of Revenue by Country
    • Revenue Forecast by Industry Vertical
    • Forecast Percent of Revenue by Industry Vertical
    • Revenue Forecast Analysis by Industry Vertical
    • Competitive Environment
    • Revenue Share
    • Revenue Share Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast Analysis
    • Revenue Forecast by Country
    • Forecast Percent of Revenue by Country
    • Revenue Forecast by Industry Vertical
    • Forecast Percent of Revenue by Industry Vertical
    • Revenue Forecast Analysis by Industry Vertical
    • Competitive Environment
    • Revenue Share
    • Revenue Share Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast Analysis
    • Revenue Forecast by Country
    • Forecast Percent of Revenue by Country
    • Revenue Forecast by Industry Vertical
    • Forecast Percent of Revenue by Industry Vertical
    • Revenue Forecast Analysis by Industry Vertical
    • Competitive Environment
    • Revenue Share
    • Revenue Share Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast Analysis
    • Revenue Forecast by Country
    • Forecast Percent of Revenue by Country
    • Revenue Forecast by Industry Vertical
    • Forecast Percent of Revenue by Industry Vertical
    • Revenue Forecast Analysis by Industry Vertical
    • Competitive Environment
    • Revenue Share
    • Revenue Share Analysis
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast Analysis
    • Revenue Forecast by Country
    • Forecast Percent of Revenue by Country
    • Revenue Forecast by Industry Vertical
    • Forecast Percent of Revenue by Industry Vertical
    • Revenue Forecast Analysis by Industry Vertical
    • Competitive Environment
    • Revenue Share
    • Revenue Share Analysis
    • Key Statistics
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Product
    • Forecast Percent of Revenue by Product
    • Revenue Forecast by Industry Vertical
    • Forecast Percent of Revenue by Industry Vertical
    • Revenue Forecast Analysis
    • Key Statistics
    • Growth Metrics
    • Revenue Forecast
    • Revenue Forecast by Product
    • Forecast Percent of Revenue by Product
    • Revenue Forecast by Industry Vertical
    • Forecast Percent of Revenue by Industry Vertical
    • Revenue Forecast Analysis
    • Growth Opportunity 1: Digital Solutions for Enhanced Compliance Control
    • Growth Opportunity 2: Mergers and Acquisitions for Market Penetration
    • Growth Opportunity 3: Regulatory Updates to Boost End Users' Fall Protection Adoption
    • Partial List of Companies in "Others"
    • List of Participants by Product Segment
    • Your Next Steps
    • Why Frost, Why Now?

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