The Global Market Insights just published a new research report projecting an excellent growth in the Industrial Fall Protection Equipment Market and there are quite a few reasons why this is so.
Increased regulations – It is said that there will be an increase in government regulations and standards regarding worker safety in certain industries, and that these regulations will help accelerate industry growth and require employers to provide equipment to help prevent falls.
Increased construction – A 6% increase in the equipment market is expected due to the increasing construction activities in the region. There is a rise in the development of commercial and residential buildings as well as bridges, roads, public utilities and hospitals. All of these projects require fall protection products.
Increase in Oil and Gas – Another 7% increase is expected from the rising energy demands from the oil and gas companies. Because Fall Protection Equipment helps ensure the workers safety during pipe positioning, maintenance, and rig setup operations, there is expected to be a further boost in the fall protection equipment market.
Infrastructure Facilities – Body belts are expected to surpass 360 million by 2024 because of the increasing government investment in certain infrastructure facilities. Because these products also prevent drops from elevated platforms, ensure proper worker positioning, and assist with full body harnesses, they are expecting to see an increase in the market.
If your company is involved in any of these areas of construction, be sure to get your fall protection equipment in place for your employees. If you have any additional questions, or need further training services, feel free to visit us online Safety Solutions and Supply, or give us a call here at 866-537-2262