Global Fall Protection Equipment Market 2015-2019

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Market Definition and Growth Prospects:

Fall protection equipment is a type of personal protective equipment used in various commercial and industrial sectors to protect employees from injuries and mishaps when working from dangerous heights. In North America, the use of fall protection equipment is mandatory under OSHA directives STD 03-11-002, 29 CFR 1910, 29 CFR 1915, and 29 CFR 1917. Whereas in Europe, the PPE Directive 89/656/EEC by the EC is responsible for it. Fall protection equipment is used in various sectors, including Energy and Utility, Construction, Transportation, Telecom, and other industrial sectors. Rescue and access equipment, including absorbing lanyards, harnesses, climbing systems, rope grabs, and vertical lifelines, are some of the major equipment used in fall protection.

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The Global Fall Protection Equipment market is expected to grow at a CAGR of around 6 percent. North America leads this market as of 2014, accounting for a share of close to 38 percent, followed by Western Europe and the APAC region. As of 2014, the US is the largest contributor of the market in terms of revenue. All leading countries are mentioned in this report.

Driving Factors of the Fall Protection Equipment Market:

The increased demand for fall protection equipment from the Energy and Utility sector, especially in the Nordic region, is an important factor toward the growth of this market. The Shale gas boom in the developed countries in North America is also of the drivers of this market. The rapid growth of the Wind energy sector and the increased use of fall protection equipment in that sector is further fuelling the growth of the market. In addition, the increased focus on compliance with legislations and...