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
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on North American Fall Protection Industry
Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
Key Findings
Scope of Analysis
Segmentation
Key Competitors
Growth Metrics
Distribution Channels
Growth Drivers
Growth Restraints
OSHA - Most Frequently Cited Violations
Occupational Injuries
Macroeconomic Aspects - North America
Market Overview - Major Standards and Regulations
Regulatory Compliance Overview
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 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
3. Growth Opportunity Analysis - Soft Goods
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
4. Growth Opportunity Analysis - Hard Goods
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
5. Growth Opportunity Analysis - Installed Systems
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
6. Growth Opportunity Analysis - Access Systems
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
7. Growth Opportunity Analysis - Rescue Equipment
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
8. Growth Opportunity Analysis - Services
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
9. Growth Opportunity Analysis - US
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
10. Growth Opportunity Analysis - Canada
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
11. Growth Opportunity Universe
Growth Opportunity 1: Digital Solutions for Enhanced Compliance Control
Growth Opportunity 2: Mergers and Acquisitions for Market Penetration
Growth Opportunity 3: Regulatory Updates to Boost End-users' Fall Protection Adoption
