According to a new report, published by KBV research, The Global Construction Worker Safety Market size is expected to reach $5.6 billion by 2029, rising at a market growth of 9.9% CAGR during the forecast period.
The Fall Protection Equipment segment is showcasing a CAGR of 10.2% during (2023 - 2029). This is due to the fact that fall protection equipment can be used to prevent falls from dangerous situations. They include a lanyard, body harness, guardrails, screens, lifelines, barricades, anchorages, or other items of comparable equipment. In addition, each year, many workers’ compensation claims are related to falls. Therefore, setting up a reliable fall protection system is crucial, aiding the market segment’s growth in the projected period.
The Worker Body Safety segment acquired maximum revenue share in the Global Construction Worker Safety Market by Application in 2022 thereby, achieving a market value of $3.7 billion by 2029. This is because worker body safety aims to provide employees with the information and abilities that will lower the likelihood that they may sustain fatal work injuries and suffer occupational injuries. In construction zones, big objects, flames, hazardous chemicals, and loud noises are everywhere around the workers. Due to which personal protective equipment is almost as important in these places as other safety equipment.
The Commercial segment has shown the growth rate of 10.1% during (2023 - 2029). This is owing to the main priority for the involved workers during construction is safety. Construction worker safety equipment for large retail establishments, airports, offices, electrical substations, and commercial projects is included in the commercial sector. Regardless of the project’s size, using personal protective equipment correctly on the job site offers workers additional protection even in the face of several other safety precautions. These factors are expected to increase construction worker safety equipment adoption and aid in the segment’s expansion.
The Europe market dominated the Global Construction Worker Safety Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1.9 billion by 2029. The Asia Pacific market is exhibiting a CAGR of 10.6% during (2023 - 2029). Additionally, The North America market would display a CAGR of 9.7% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/construction-worker-safety-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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By Application
By Construction Type
By Geography
Companies Profiled
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