USD
GBP
CNY
EUR
INR
JPY
MYR
ZAR
KRW
THB
North American Fall Protection Growth Opportunities
North American Fall Protection Growth Opportunities
Stringent Regulations and End user Safety Awareness to Foster Product Penetration
05-Aug-2022
North America
Market Research
Description
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.
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
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*
Key Competitors (continued)*
Growth Metrics
Distribution Channels
Growth Drivers
Growth Restraints
OSHA—Most Frequently Cited Violations
Occupational Injuries
Occupational Injuries (continued)
Macroeconomic Aspects—North America
Market Overview—Major Standards and Regulations
Market Overview—Major Standards and Regulations (continued)
Regulatory Compliance Overview
Regulatory Compliance Overview (continued)
Regulatory Compliance Overview (continued)
Regulatory Compliance Overview (continued)
Regulatory Compliance Overview (continued)
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 Analysis by Industry Vertical (continued)
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 1: Digital Solutions for Enhanced Compliance Control (continued)
Growth Opportunity 2: Mergers and Acquisitions for Market Penetration
Growth Opportunity 2: Mergers and Acquisitions for Market Penetration (continued)
Growth Opportunity 3: Regulatory Updates to Boost End Users’ Fall Protection Adoption
Growth Opportunity 3: Regulatory Updates to Boost End-Users’ Fall Protection Adoption (continued)
Partial List of Companies in “Others”
List of Participants by Product Segment
List of Participants by Product Segment (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Growth dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Popular Topics
| Deliverable Type | Market Research |
|---|---|
| Author | Nils Schaefer |
| Industries | Personal Protective Equipment |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | North American Fall Protection Market |
| Keyword 2 | Fall Protection Equipment Market |
| Keyword 3 | Global Fall Protection Equipment |
| Podcast | No |
| WIP Number | K783-01-00-00-00 |