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Fall Protection Services and Installed Systems Offer Western European PPE Vendors High Growth Opportunities


News provided by

Frost & Sullivan

23 Mar, 2017, 12:08 GMT

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Utilities, telecom, and transportation industries will fuel demand, finds Frost & Sullivan's Visionary Science team

LONDON, March 23, 2017 /PRNewswire/ -- A sweeping wave of regulation enforcement, coupled with increased product and service usage, is augmenting growth in the Western European fall protection market. Italy and Iberia will offer high opportunities due to changing customer preference in terms of quality, durability and comfort; decreased price sensitivity; and a rising safety consciousness. Original equipment manufacturers (OEMs) must develop service and product portfolios with strong branding to reap rich dividends in a highly consolidated market.

"Convenience is a key end-user requirement. Therefore, the adoption of products that offer higher comfort, style, and level of safety are expected to gain momentum," said Visionary Science Research Analyst Siddharth Anand Sainath.

Analysis of Western European Fall Protection Market, Forecast to 2021, new analysis from Frost & Sullivan's Future of Personal & Protective Equipment (PPE) Growth Partnership Service programme, reveals that the market generated revenue of 343.5 million EUR in 2016, and will reach 412.2 million EUR in 2021. Demand from telecommunication, transportation and utilities will strengthen due to the adoption of sophisticated products and widening reach, while that from the construction and general industrial sectors are expected to offer high growth opportunities due to stringent enforcement of regulations along with increasing compliance.

Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan's thought leaders.

Other market developments include:

  • Slow growth in the soft goods segment due to market maturity and price sensitivity will be evened out by growth of installed systems, mainly due to the use of rigid lifeline systems that can conveniently support multiple users with minimum issues. Together the segments accounted for 56.9 per cent of the total fall protection market revenues in 2016.
  • Sluggish demand in the guardrails and monorails segment due to lack of innovation. Increasing end-user awareness will result in higher product penetration.
  • Robust growth in the Germany and Scandinavia markets due to economic developments, high compliance, and product penetration.

"Specialty organizations dominate the training services sub-segment," noted Sainath. "Fall protection OEMs should focus on developing a comprehensive training course portfolio to gain market share, increase revenues, and enhance their brand visibility."

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Analysis of Western European Fall Protection Market, Forecast to 2021
MCA5-39

Contact:
Evgenia Oleynikova
Corporate Communications – Europe
P: +48 224816210
E: Evgenia.Oleynikova@frost.com

http://ww2.frost.com

Related Links

http://www.frost.com

SOURCE Frost & Sullivan

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