Fall Protection Takes Off

Protecting from falls is a top priority in any industry—and the market for fall protection continues to grow, according to one analyst firm.

According to Frost & Sullivan, there is growth in the Western Europe fall-protection market, due to regulation enforcement and increased product and service usage

With this in mind, original-equipment manufacturers must develop service and product portfolios with strong branding, and convenience will be key. What products will gain the most momentum? Frost & Sullivan says products that offer higher comfort, style, and level of safety. The western European fall-protection market generated revenue of $343.5 million in 2016, and will reach $412.2 million in 2021, according to the report.

]Demand from telecommunication, transportation, and utilities will strengthen. The construction and general industrial sectors are expected to have growth opportunities as well.

There will be slow growth in the soft goods segment due to market maturity, and price sensitivity will be evened out by growth of installed systems. Together the segments accounted for 56.9% of the total fall protection market revenues in 2016.

The attention to this segment will help contractors stay safe and the growth will boost the other markets in the industry.

Posted: 5/17/2017 9:20:48 PM


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