North American Fall Protection Market Report 2022: A $993.8 Million Market in 2026 – Mergers and Acquisitions for Market Penetration and Growth Opportunities – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “North American Fall Protection Market Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.
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% to 78% 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%), 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.
Key topics covered:
1. Strategic imperatives
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Why is it Increasingly Difficult to Grow?
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The Strategic Imperatives
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The Impact of the Top 3 Strategic Imperatives on North American Fall Protection Industry
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Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
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Key Findings
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Scope of Analysis
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segmentation
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key competitors
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Growth Metrics
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Distribution Channels
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growth drivers
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Growth restraints
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OSHA – Most Frequently Cited Violations
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occupational injuries
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Macroeconomic Aspects – North America
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Market Overview – Major Standards and Regulations
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Regulatory Compliance Overview
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Forecast Assumptions
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Revenue forecast
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Revenue Forecast by Product
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Percent Revenue Forecast by Product
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Revenue Forecast Analysis
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Revenue Forecast by Industry Vertical
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Forecast Percent of Revenue by Industry Vertical
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Revenue Forecast Analysis by Industry Vertical
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Revenue Forecast by Country
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Forecast percent of revenue by country
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Revenue Forecast Analysis by Country
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Competitive Environment
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Notable Merger and Acquisitions Activity
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Revenue share
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Revenue Share Analysis
3. Growth Opportunity Analysis – Soft Goods
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Growth Metrics
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Revenue Forecast – Soft Goods
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Revenue Forecast Analysis
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Revenue Forecast by Country
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Forecast percent of revenue by country
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Revenue Forecast by Industry Vertical
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Forecast Percent of Revenue by Industry Vertical
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Revenue Forecast Analysis by Industry Vertical
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Competitive Environment
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Revenue share
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Revenue Share Analysis
4. Growth Opportunity Analysis – Hard Goods
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Growth Metrics
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Revenue forecast
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Revenue Forecast Analysis
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Revenue Forecast by Country
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Forecast percent of revenue by country
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Revenue Forecast by Industry Vertical
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Forecast Percent of Revenue by Industry Vertical
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Revenue Forecast Analysis by Industry Vertical
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Competitive Environment
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Revenue share
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Revenue Share Analysis
5. Growth Opportunity Analysis – Installed Systems
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Growth Metrics
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Revenue forecast
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Revenue Forecast Analysis
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Revenue Forecast by Country
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Forecast percent of revenue by country
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Revenue Forecast by Industry Vertical
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Forecast Percent of Revenue by Industry Vertical
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Revenue Forecast Analysis by Industry Vertical
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Competitive Environment
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Revenue share
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Revenue Share Analysis
6. Growth Opportunity Analysis – Access Systems
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Growth Metrics
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Revenue forecast
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Revenue Forecast Analysis
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Revenue Forecast by Country
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Forecast percent of revenue by country
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Revenue Forecast by Industry Vertical
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Forecast Percent of Revenue by Industry Vertical
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Revenue Forecast Analysis by Industry Vertical
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Competitive Environment
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Revenue share
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Revenue Share Analysis
7. Growth Opportunity Analysis – Rescue Equipment
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Growth Metrics
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Revenue forecast
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Revenue Forecast Analysis
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Revenue Forecast by Country
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Forecast percent of revenue by country
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Revenue Forecast by Industry Vertical
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Forecast Percent of Revenue by Industry Vertical
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Revenue Forecast Analysis by Industry Vertical
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Competitive Environment
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Revenue share
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Revenue Share Analysis
8. Growth Opportunity Analysis – Services
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Growth Metrics
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Revenue forecast
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Revenue Forecast Analysis
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Revenue Forecast by Country
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Forecast percent of revenue by country
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Revenue Forecast by Industry Vertical
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Forecast Percent of Revenue by Industry Vertical
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Revenue Forecast Analysis by Industry Vertical
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Competitive Environment
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Revenue share
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Revenue Share Analysis
9. Growth Opportunity Analysis – US
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Key Statistics
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Growth Metrics
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Revenue forecast
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Revenue Forecast by Product
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Forecast percent of revenue by product
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Revenue Forecast by Industry Vertical
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Forecast Percent of Revenue by Industry Vertical
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Revenue Forecast Analysis
10. Growth Opportunity Analysis – Canada
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Key Statistics
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Growth Metrics
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Revenue forecast
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Revenue Forecast by Product
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Forecast percent of revenue by product
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Revenue Forecast by Industry Vertical
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Forecast Percent of Revenue by Industry Vertical
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Revenue Forecast Analysis
11. Growth Opportunity Universe
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Growth Opportunity 1: Digital Solutions for Enhanced Compliance Control
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Growth Opportunity 2: Mergers and Acquisitions for Market Penetration
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Growth Opportunity 3: Regulatory Updates to Boost End-users’ Fall Protection Adoption
12. Appendix
Companies Mentioned
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3M
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CaseTech
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Guardians
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Honeywell
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MSA
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OSHA
For more information about this report visit https://www.researchandmarkets.com/r/4wn9d
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