The rising concerns relating to safety in the global arena have fueled the global market for fall protection equipment in rescue to a great extent. Governments in various regions have mandated several regulations pertaining to occupational safety, encouraging the usage of fall protection equipment in working areas. The development of the industrial sector across the globe has also stimulated this market at a significant pace. However, the dearth of cost-efficient and effective products is expected to create some hindrances to the growth trajectory of the global fall protection equipment market.
According to a report published by Transparency Market Research (TMR), the global market for fall protection equipment in rescue had reached a value of US$1,952.7 million in 2013. Aided by the rise in the fleet size of fire brigades across the world, analysts expect the market to develop at an impressive CAGR of 9.0% during the period from 2014 to 2020 and attain a market value of US$3,556.2 million by the end of 2020.
Browse Market Research Report of Fall Protection Equipment Market in Rescue: http://www.transparencymarketresearch.com/fall-protection-equipment-market.html
The global market for fall protection equipment in rescue is likely to be benefited by the realization of untapped opportunities on offer in emerging economies in the coming years.
Here is a snapshot of the latest movements and the future projections of the global market for fall protection equipment in rescue.
- The most common fall protection equipment utilized in rescue operations across the globe is a full body harness. In 2013, the market for full body harnesses attained a value of US$676.7 million. The enhanced support provided by a full body harness is the key reason for the growth of this market.
- The usage of safety nets has also increased at a rapid pace. Owing to this, the market for safety nets is likely to report the fastest growth at a CAGR of 9.6% during the period from 2014 to 2020.
- The fall protection equipment market in North America holds the leading position among the regional markets, due to various rules and regulations mandating occupational safety in this region. In 2013, the market for fall protection equipment for rescue operations in North America stood at US$670.7 million. However, analyst predict that the regional market will be witnessing a moderate growth in the near future.
Browse Market Research Press Release of Fall Protection Equipment Market in Rescue: http://www.transparencymarketresearch.com/pressrelease/fall-protection-equipment-market.htm
- The market for fall protection equipment for rescue operations in Africa is likely to report a CAGR of 17.9% during the period from 2014 to 2020. Most of the demand for fall protection equipment comes from South Africa, Kenya, and Nigeria which constitute the leading segments of the fall protection equipment market in Africa.
Uvex Safety, Rock Fall Ltd., Honeywell Safety Products, Oftenrich Holdings Co. Ltd., COFRA Holding, Avon Rubber, Ansell Ltd., Alpha Pro Tech Ltd., and 3M Co. are the major manufacturers of fall protection equipment utilized in rescue operations.