rising use of protective tools in wind energy, telecommunications, utilities and transportation coupled with growing safety awareness and stringent safety norms created by European government. On other hand, increase in general industrial applications in construction and manufacturing sectors will help the market to grow in the forecasted years.
Asia Pacific region is expected to be the fastest growing fall protection market over the estimated years. China and India will offer an enormous potential fall protection market with rising urbanization and globalization. Increase in manufacturing and construction activities in this region will foster the market. Rise in power plant construction and other energy utility will impel the product market in the forecasted years.
The Middle East and Africa region, dominated by Saudi Arabia and South Africa fall protection market. This region is expected to witness a rapid growth in the product market due to increased transmission and energy sectors. Middle East countries including UAE and Iran will witness the market to prosper in the forecasted years with increase in oil and gas activities in the region.
Global fall protection market is highly fragmented in nature compromising of various local and international market players. Some of the prominent key players operating the same market are Uvex safety group, 3M Co., Honeywell safety products, Oftenrich holdings ltd., Avon, Ansell ltd. and Alpha pro tech ltd. Other key players are ABS safety, Karam, ELK River, P & P safety, Klein tools, Roof safety solutions, RTC co. and Petzl.
The most common strategy used by businesses is acquisitions and mergers aiming to increase the market size and product portfolio. In March 2106, the 3M co. acquired Scott safety from Johnson controls for a value of USD 2 billion. The acquisition was done to broaden the protective solutions to their customers.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U. S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde Corporate Sales, USA Global Market Insights, Inc. 2 | P a g e