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Installed Systems and Fall Protection Services are Expected to Offer Highest Growth Opportunities
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The Western European fall protection market generated revenue of €343.5 million in 2016, and is expected to reach €412.2 million in 2021. Wind energy, transportation, and utilities are expected to experience high market growth due to adoption of sophisticated products and growing penetration. On the other hand, construction and general industrial are expected to offer high potential for growth due to existing low compliance in these verticals coupled with stringent enforcement of regulations.The fall protection market is expected to offer high growth when compared to other PPE product segments. This is because of growing awareness and stringent enforcement of safety regulations across Western Europe. Fall protection installed systems and fall protection services are expected to offer high growth opportunities as their penetration in utilities, telecom, and transportation industries is expected to increase. Dearth for industry specific innovation in access systems and monorails and guardrails segments is expected to restrain market revenues. Britain’s exit from the European Union has temporarily resulted in higher product prices, however, this is not expected to restrain adoption as fall protection is considered highly essential with increasing customer and end-user awareness. With uptake of automation in many industry verticals, the need for fall protection is expected to deter during the long term of the forecast period.Research Scope· Market trends and strategic recommendations (soft goods, hard goods, installed systems, access systems, rescue equipment, fall protection services)· Regional trends (Germany, France, UK & Ireland, Iberia, Italy, Benelux, Scandinavia, Alpine)· Industry verticals trends (construction, general industrial, utilities, oil and gas, wind energy, transportation, mining, telecom)· Analysis by segment, region and industry vertical has been provided with revenue forecast for the period of 2013–2021.Major industry drivers, restraints, market trends, material and technology trends, and regulatory outlook impacting the Western European fall protection market are also discussed in the study. Growth opportunities across various segments have also been provided. Market share analysis has been provided and the total level and at the segment level. Competitive factors and assessment have been discussed at the total level. Key market participants are Honeywell, 3M (Capital Safety), MSA (Latchways Inc), Kee Safety, Skylotec, Tractel S.A.S, Petzl, and Spanset. The base year for the study is 2016, with forecasts up to 2021.Key Questions this Study will Answer· Is the market growing, how long will it continue to grow, and at what rate?· How do the dynamics of the industry and regional diversities affect the fall protection market?· What are the core end-user sectors for this market and what are the growth areas?· How will the structure of the market change with time?· Are the products and services offered currently meeting customer needs, or is there additional development needed?· Is the market growing, how long will it continue to grow, and at what rate?
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