DUBLIN, Sept. 27, 2022 /PRNewswire/ -- 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

• 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

12. Appendix

Companies Mentioned

• 3M
• FallTech
• Guardian
• Honeywell
• MSA
• OSHA

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