Portland, OR, May 23, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Construction Worker Safety Market by Type (Personal protective Equipment, Fall Protection equipment and Safe Excess Equipment) by Construction type (Residential, Commercial and Industrial) and Application (Worker Body Safety and Workplace Safety): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global construction worker safety market was valued at $3 billion in 2022, and is projected to reach $7.8 billion by 2032, registering a CAGR of 10.1% from 2023 to 2032.
Prime determinants of growth
The global construction worker safety market is driven by factors such as rise in rate of injuries and deaths at workplace, and rise in investments by different government and private organization in the market. However, high implementation cost and insufficiently qualified worker's compensation and health providers limit the expansion of the market. Furthermore, ongoing development of automotive technolgy and introduction of new products like smart PPE are expected to create lucrative opportunities in the industry.
Download Free Sample Report @
https://www.alliedmarketresearch.com/request-sample/16685
Report Coverage and Details:
| Report Coverage | Details |
| Forecast Period | 2023–2032 |
| Base Year | 2022 |
| Market Size in 2022 | $3 billion |
| Market Size in 2033 | $7.8 billion |
| CAGR | 10.1% |
| No. of Pages in Report | 220 |
| Segments covered | Type, Construction Type, Application and Region. |
| Drivers | Rise in rate of injuries and deaths at workplace . Rise in investments by different government and private organization in the market . |
| Opportunities | Ongoing development of automotive technology Introduction of new products like smart PPE |
Restraints | High implementation cost Insufficiently qualified workers' compensation and health providers. |
Covid-19 Scenario
- Due to the COVID-19 pandemic, interruption in supply chain, halt in logistic and manufacturing activities, and the subsequent global lockdowns, the construction worker safety market faced a downturn.
- However, as the global situation started to improve, the demand for construction worker safety equipment was restored back. This, in turn, presented various growth opportunities for companies operating in the construction worker safety market.
The personal protective equipment segment to maintain its leadership status throughout the forecast period.
Based on type, the personal protective equipment segment held the highest market share in 2022, accounting for more than two-fifths of the global construction worker safety market revenue and is estimated to maintain its leadership status throughout the forecast period. This is due to a rise in the use of personal protective equipment at construction sites. However, the safe excess equipment segment is projected to manifest the highest CAGR of 11.7% from 2022 to 2032, owing to increasing demand for working at height which requires ladder, harness and other equipments to prevent accidents on construction sites.
The residential segment to maintain its leadership status throughout the forecast period.
Based on construction type, the residential segment held the highest market share in 2022, accounting for nearly two-fifths of the global construction worker safety market revenue and is estimated to maintain its leadership status throughout the forecast period. The same segment is also expected to witness the fastest CAGR of 11.1% from 2022 to 2032, due to a rising population and increasing demand for houses and apartments.
Buy This Research Report (220 Pages PDF with Insights, Charts, Tables, Figures):
https://www.alliedmarketresearch.com/checkout-final/ee98ebeb5aae892e026b7d255da92b00
The worker body safety segment to maintain its lead position during the forecast period
Based on application, the worker body safety segment accounted for the largest share in 2022, contributing to nearly three- fifths of the global construction worker safety market revenue, and is expected to rule the roost throughout the forecast timeframe. The growth is attributed to the empowering workers with knowledge and skills that will reduce the probability of them becoming victims of occupational injuries and deaths and fatal work injuries. However, the workplace safety segment is expected to portray the largest CAGR of 10.4% from 2022 to 2032. This is due to an increasing demand for workplace safety to avoid effects on their health, safety, and general well-being in the construction industry.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for nearly two-fifth of the global construction worker safety market revenue, owing to automation and industrialization in the region. However, LAMEA is also expected to witness the fastest CAGR of 13.2% from 2022 to 2031, owing to rising construction and infrastructure sectors in developing countries such as Latin America, the Middle East, and others.
Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/16685
Leading Market Players: -
- 3M Company
- Radians, inc.
- Mallcom Limited
- Ansell Ltd.
- DuPont
- Rock Fall Ltd.
- Honeywell International Inc.
- ESC Safety Consultants
- MSA
- Hilti
The report provides a detailed analysis of these key players of the global construction worker safety market. These players have adopted different strategies such as new product launches, collaborations, acquisition, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Trending Reports in Construction Industry (Book Now with 10% Discount):
Compaction Equipment Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
Construction Project Management Services Market - Global Opportunity Analysis and Industry Forecast, 2021-2030
Connected Worker Market - Global Opportunity Analysis and Industry Forecast, 2021-2030
Construction Wearables Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing
