Market Research Report

Saudi Arabia Fall Protection Equipment & Systems Market Research Report: Forecast (2023-2028)

By Equipment Type (Harnesses, Belts, Accessories, Hooks & Connectors, Anchorages, Lanyards, Fall Protection Kits, Others (Cables, etc.)), By Systems (Lifelines, Abseiling, Vertica...l Climbing Systems, Horizontal Walkways & Systems), By Development Stage (Site Development, Maintenance & Repair), By End User (Construction & Building Maintenance, Oil & Gas, Power Generation & Utilities, Telecom, Mining, Transportation (Maintenance of Airplanes, Large Trucks, Trains, etc.), Others (Marine, Firefighting, etc.)), By Company (Honeywell, REDA Hazard Control, KARAM Safety FZCO, Kee Safety, Oriental Group, 3M, Souvenir Building Materials LLC, Hubbell Power Systems, Inc., MSA Safety Inc., Roodsafe Ltd., Others) Read more

  • Buildings, Construction, Metals & Mining
  • Jun 2023
  • 112
  • BM44039

Market Definition

Fall Protection Equipment & Systems are devices that safeguard workers when they fall from heights and minimize or prevent the possibility of injuries or deaths. These equipment & systems are extensively used across industries like construction & building maintenance, oil & gas, power generation & utilities, telecom, mining, transportation for the maintenance of airplanes, large trucks, trains, etc., and others like marine, firefighting, etc. With constant development in various sectors throughout Saudi Arabia, the requirement for fall protection equipment & systems is consistent and hints toward an opportunistic industry future.

Market Insights & Analysis: Saudi Arabia Equipment & Systems Market (2023-28)

The Saudi Arabia Fall Protection Equipment & Systems Market is projected to grow at a CAGR of around 6.53% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the growing government focus on the economic diversification of Saudi Arabia, investing substantially in different industries, including the construction sector to shape the overall infrastructure. It, in turn, is demonstrating a rise in the number of projects throughout the country. Since workplace safety is highly crucial for any site to complete the project, the demand for fall protection equipment & systems is escalating simultaneously, observing a direct influence of the rising construction activities in the country.

Besides, as the country is offering extensive job opportunities to people owing to the establishment of multinational companies and new businesses, the construction, maintenance, and development of corporate facilities are the other areas fueling the demand for safety equipment & systems. In addition, as a safe work environment helps speed up the project completion and motivates the workers to enhance their efficiency and bring more productivity to the work, more and more businesses are procuring fall protection equipment & systems and stimulating the growth of the Saudi Arabia Fall Protection Equipment & Systems Market.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 6.53%
Key Companies Profiled Honeywell, REDA Hazard Control, KARAM Safety FZCO, Kee Safety, Oriental Group, 3M, Souvenir Building Materials LLC, Hubbell Power Systems, Inc., MSA Safety Inc., Roodsafe Ltd., Others
Unit Denominations USD Million/Billion

 

Moreover, with the rising influx of tourists. pilgrims, and migrants in the country, the government is focused on developing the commercial sector and catering excellent hospitality to the people. It includes the development & construction of airports, railway stations, road networks, stadiums, highways & flyovers, hotels, & shopping complexes, among others. As a result, it is influencing the demand for fall protection equipment & systems for the workers to eliminate or minimize the possibilities of any accidents.

Furthermore, the oil & gas industry, alongside mining, are other prominent consumers of fall protection equipment & systems owing to the high risks associated with processes like extraction, mining, etc. It, in turn, is fueling its demand and instigating the leading players to increase their production & distribution capacities for these equipment and meet the burgeoning demand across Saudi Arabia.

Saudi Arabia Equipment & Systems Market Key Driver:

Mounting Demand for Robust Fall Protection Equipment & Systems - Since construction & maintenance sites pose several risks that might be injurious or fatal for the workers, the demand for robust, reliable, and shock-absorbing fall protection equipment & systems are escalating rapidly across Saudi Arabia. In fact, several contractors, construction project leads, and maintenance departments of various facilities are actively seeking such equipment to strengthen the workplace safety for the workers to enhance their productivity & efficiency.


Saudi Arabia Fall Protection Equipment & Systems Market Research Report: Forecast (2023-2028)

Hence, the manufacturers are utilizing robust materials like advanced polymers & fibers to produce helmets, full body harnesses, gloves, & toughened shoes, among others, which are durable, lighter, & highly impact resistant. This aspect plays a prominent role in driving the Fall Protection Equipment & Systems Market across Saudi Arabia while presenting lucrative opportunities for the leading players.

Saudi Arabia Equipment & Systems Market Growth Restraint:

Lack of Stringent Regulatory Framework & Enforcement - The effectiveness of fall protection measures is often governed by regulations & standards set by regulatory bodies. Since the regulatory framework associated with fall protection equipment & systems is not enforced strictly in Saudi Arabia, some organizations either fail to prioritize or insufficiently prioritize the implementation of proper fall protection measures.

In addition, the lack of well-defined regulations & enforcement might result in inconsistent safety practices across different industries & businesses. Some companies might prioritize safety and invest in fall protection solutions, while others may overlook or underestimate the significance of such measures. These aspects might hinder the fledged growth of the fall protection equipment & systems market in Saudi Arabia over the coming years.

Saudi Arabia Equipment & Systems Market (2023-28): Segmentation Analysis

The Saudi Arabia Equipment & Systems Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the Equipment Type, and End-User the market has been further classified as:

Based on the Equipment Type:

  • Harnesses, Belts, Accessories
  • Hooks & Connectors
  • Anchorages
  • Lanyards
  • Fall Protection Kits
  • Others (Cables, etc.)

Among all, harnesses, belts, & accessories are likely to witness the maximum demand and contribute significantly to the growth of the Saudi Arabia Fall Protection Equipment & Systems Market during 2023-28. It ascribes to the capabilities of these equipment to minimize the risks of injury in case a worker falls from a height. The harness helps in distributing the force of fall by wearing it around the shoulders, torso, and upper things, with a web loop on the upper back area that attaches the self-retracting lifeline or shock-absorbing lanyard for safety. Hence, owing to these capabilities, the demand for harnesses, belts, and accessories is mounting substantially across different industries in Saudi Arabia and generating growth opportunities for the leading players to increase their production & distribution of these robust equipment & meet the burgeoning demands.

Based on the End-User:

  • Construction & Building Maintenance
  • Oil & Gas
  • Power Generation & Utilities
  • Telecom
  • Mining
  • Transportation (Maintenance of Airplanes, Large Trucks, Trains, etc.)
  • Others (Marine, Firefighting, etc.)

Here, construction & building maintenance is anticipated to dominate the market with the largest share during 2023-28. It owes to massive government investments & support in numerous construction activities, entwined with the growing focus of contractors to provide workplace safety to the workers, projecting a direct & positive influence on the demand for fall protection equipment & systems.

Besides, since construction sites need workers to operate at elevated platforms, steep roofs, wall openings, walkways, edges of the excavated areas, etc., they are more susceptible to falls and injuries. Therefore, the need for appropriate protective gear is becoming a necessity to avoid such possibilities and drive the demand for fall protection equipment & systems across construction sites, thereby driving the Saudi Arabia Fall Protection Equipment & Systems Market. 

On the other hand, the telecom sector is projected to emerge as an opportunity area for the leading players & contribute substantially to the market expansion during the forecast period. It owes principally to the growing awareness among people about the risks associated with electrical shocks, magnetic waves, and others that can cause serious injuries to the workers, entwined with stringent regulations by the government to mandate the use of protective gear. It, in turn, is augmenting the demand for fall protection equipment & systems to minimize or eliminate such risks and offer a safer work zone. This aspect has also instigated the leading players to bring solutions like shock & fireproof equipment & expand their customer base throughout the industry & stimulate the overall market growth.

Saudi Arabia Equipment & Systems Industry Recent Developments

  • On 30 June 2022, Kee Safety announced that its Kee Line Overhead Lifeline System had undergone three updates, viz., the inclusion of additional fixing holes in overhead brackets and a new profile that is compatible with the updated traveler, cornering capability, and an 'activation strip' & a higher capacity (3kN) tensioner.

Gain a Competitive Edge with Our Saudi Arabia Equipment & Systems Market Report

  1. Saudi Arabia Equipment & Systems Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Saudi Arabia Equipment & Systems Market report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

Frequently Asked Questions

   A. The Saudi Arabia Fall Protection Equipment & Systems Market is projected to grow at a CAGR of around 6.53% during 2023-28.

   A. The rapidly accelerating demand for robust, reliable, and shock-absorbing fall protection equipment & systems, especially across construction, building maintenance, & telecom industries, is the prime aspect projected to drive the Saudi Arabia Fall Protection Equipment & Systems Market in the coming years.

   A. Honeywell, REDA Hazard Control, KARAM Safety FZCO, Kee Safety, Oriental Group, 3M, Souvenir Building Materials LLC, Hubbell Power Systems, Inc., MSA Safety Inc., and Roodsafe Ltd. are the key companies participating in the Saudi Arabia Fall Protection Equipment & Systems Market.

   A. The lack of stringent regulatory framework & enforcement might hamper the growth of the Saudi Arabia Fall Protection Equipment & Systems Market through 2028.

   A. Harnesses, belts, & accessories are anticipated to emerge as an area of remunerative opportunities for the leading players in the Saudi Arabia Fall Protection Equipment & Systems Market during the forecast period.

Saudi Arabia Fall Protection Equipment & Systems Market Research Report (2023-2028) - Table of Contents

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Executive Summary
  3. Impact of COVID-19 on Saudi Arabia Fall Protection Equipment & Systems Market
  4. Saudi Arabia Fall Protection Equipment & Systems Market Trends & Insights
  5. Saudi Arabia Fall Protection Equipment & Systems Market Dynamics
    1. Drivers
    2. Challenges
  6. Saudi Arabia Fall Protection Equipment & Systems Market Hotspots & Opportunities
  7. Saudi Arabia Fall Protection Equipment & Systems Market Porter’s Five Forces Analysis
  8. Saudi Arabia Fall Protection Equipment & Systems Market Supply Chain Analysis
  9. Saudi Arabia Fall Protection Equipment & Systems Market Key Strategic Imperatives for Growth & Success
  10. Saudi Arabia Fall Protection Equipment & Systems Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Equipment Type
        1. Harnesses, Belts, Accessories
        2. Hooks & Connectors
        3. Anchorages
        4. Lanyards
        5. Fall Protection Kits
        6. Others (Cables, etc.)
      2. By Systems
        1. Lifelines
        2. Abseiling
        3. Vertical Climbing Systems
        4. Horizontal Walkways & Systems
      3. By Development Stage
        1. Site Development
        2. Maintenance & Repair
      4. By End User
        1. Construction & Building Maintenance
        2. Oil & Gas
        3. Power Generation & Utilities
        4. Telecom
        5. Mining
        6. Transportation (Maintenance of Airplanes, Large Trucks, Trains, etc.)
        7. Others (Marine, Firefighting, etc.)
      5. By Company
        1. Revenue Shares
        2. Competition Characteristics
  11. Competition Outlook
    1. Competitor Wise Growth Strategies
      1. Product Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Research & Development
      5. Strategic Alliances & Initiatives
    2. Company Profiles
      1. Honeywell
      2. REDA Hazard Control
      3. KARAM Safety FZCO
      4. Kee Safety
      5. Oriental Group
      6. 3M
      7. Souvenir Building Materials LLC
      8. Hubbell Power Systems, Inc.
      9. MSA Safety Inc.
      10. Roodsafe Ltd.
      11. Others
  12. Disclaimer


Saudi Arabia Fall Protection Equipment & Systems Market - Segmentation