The Asia Pacific Construction Worker Safety Market would witness market growth of 10.6% CAGR during the forecast period (2023-2029).
Construction is one of those businesses where risks are present regularly. In the construction industry, there are several risks, and accidents can happen if safety is ignored. Every piece of machinery, tool, and handling style used in construction carries a unique set of dangers. The most frequent types of incidents that can cause death or serious injury at construction sites include falls, collapsing materials, collisions with site vehicles, and coming into contact with overhead electrical lines.
The prevention of death, disease, injury, or other health-related risks for employees on construction sites is a key component of construction-related operations. Construction is a risky, mostly land-based activity where workers may be exposed to various dangers. Construction sites can be risky due to working at heights, moving machinery (such as vehicles and cranes), moving materials, power tools and electrical equipment, harmful substances, and the effects of excessive noise, dust, and vibration. The leading causes of death on construction sites are falls, crush injuries, electrocutions, and caught-between injuries.
The industry’s history shows that construction has evolved into one of the most dangerous one. The Ministry of Employment and Labor (MOEL) of Korea recently released a report on industrial accidents, and it found that the number of accidents in the construction industry increased from 0.72% in 2006 to 0.84% in 2016. According to statistics compiled by the MOEL, the number of deaths resulting from workplace incidents in the construction industry in Korea from 2012 to 2016 was 2,596 (520 deaths annually on average), accounting for 31.42% of all deaths from industrial accidents. This is the country with the highest rate of such deaths. These factors are boosting the APAC market.
The China market dominated the Asia Pacific Construction Worker Safety Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $475 Million by 2029. The Japan market is experiencing a CAGR of 10% during (2023 - 2029). Additionally, The India market would showcase a CAGR of 11.3% during (2023 - 2029).
Based on Type, the market is segmented into Personal Protective Equipment, Fall Protection Equipment and Safe Excess Equipment. Based on Application, the market is segmented into Worker Body Safety and Workplace Safety. Based on Construction Type, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Construction Worker Safety Market is Projected to reach USD 5.6 Billion by 2029, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Honeywell International, Inc., Hilti AG, MSA Safety Incorporated, DuPont de Nemours, Inc., Ansell Ltd., Mallcom Limited, Radians, Inc. (Safety Supply Corporation), ESC Consultants, Inc. (ERM Group Company), and Rock Fall Ltd.
By Type
By Application
By Construction Type
By Country
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