Fall Protection Equipment Market: Growth Opportunities, Trends, Industry Analysis, And Forecast To 2014 - 2020
The global fall protection equipment market is greatly fueled by the rising demand for such equipment in a number of industrial sectors such as power and construction. In a report titled “ Fall Protection Equipment Market in Rescue – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 ”, Transparency Market Research states that the global fall protection equipment market is likely to expand at a 9.0% CAGR from 2014 to 2020, with the overall value expected to rise from US$1.9 bn in 2013 to US$3.5 bn by 2020. The global fall protection equipment market is driven by the rising concerns about overall safety and occupational safety, increasing regulatory mandates at places of work, and growing fleet size of emergency services. Emerging opportunities in developing regions such as Latin America, Asia Pacific, Africa, and the Middle East are forecast to boost the global market over the next four years. However, sale of inexpensive and low-quality pr...