Frost & Sullivan Forecasts High Growth for Fall Protection in Western Europe

The company reported it expects wind energy, transportation, and utilities to experience higher growth than other PPE segments through 2021 as they increasingly adopt sophisticated products.

Frost & Sullivan reported this week that it expects the fall protection market to grow strongly through 2021 in Western Europe thanks to the rising use of sophisticated products by sectors including wind energy, transportation, telecommunications, and utilities. Fall protection will experience higher growth than other PPE segments through 2021, according to the company's report.

It says the Western European fall protection market generated revenue of €343.5 million ($363 million) in 2016 and is expected to reach €412.2 million ($436 million) in 2021. "Wind energy, transportation, and utilities are expected to experience high market growth due to adoption of sophisticated products and growing penetration. On the other hand, construction and general industrial are expected to offer high potential for growth due to existing low compliance in these verticals coupled with stringent enforcement of regulations. The fall protection market is expected to offer high growth when compared to other PPE product segments. This is because of growing awareness and stringent enforcement of safety regulations across Western Europe," the company's summary states.

It also forecasts high growth for fall protection installed systems and fall protection services as their penetration in utilities, telecommunications, and transportation industries grows, although industry-specific innovation in access systems and monorails and guardrails segments "is expected to restrain market revenues," it says, adding that Brexit (potentially taking Britain out of the European Union) has temporarily resulted in higher product prices, but this isn't expected to restrain adoption because "fall protection is considered highly essential with increasing customer and end-user awareness."

The report looks broadly at the use of fall protection equipment and services in the region by key industrial segments and by region, looking at growth rates and whether products and services being offered currently meet customers' needs.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Complete Online Safety Training Courses

    Deliver state-of-the art, online safety training courses to your organization with IndustrySafe Training Management Software. Generate reports to track training compliance and automatically notify learners of upcoming or overdue classes.

  • Easy to Use Safety Inspection App

    Conduct inspections on the go with IndustrySafe’s mobile app. Complete safety audits at job sites and remote locations—with or without web access.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Analyze Incident Data and Maintain OSHA Compliance

    Collect relevant incident data, analyze trends, and generate accurate regulatory reports, including OSHA 300, 300A, and 301 logs, through IndustrySafe’s extensive incident reporting and investigation module.

  • Industry Safe
comments powered by Disqus