A16316 | Pages: NA | Jul 2022 | 126 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Construction Worker Safety Market
Request Now !The global construction worker safety market is experiencing significant growth and is anticipated to grow considerably in next few years. Construction worker safety equipment is especially designed to keep workers safe from all kinds of hazards. These injuries can be minor or fatal at construction sites such as buildings, infrastructure, and industrial construction, as well as other construction utility works. Construction worker safety market is generally categorized by product type, safety services, and type of construction. Further, the stricter guidelines by the government, statutory requirements, and a humanistic approach towards keeping the workers safe at the site are driving the demand for the construction worker safety market. Moreover, the use of these products and services prevents unwanted incidents from happening at the respective sites, which eventually leads to an increment in the company’s goodwill and lower premiums for company liability insurance. Major players in the construction worker safety equipment manufacturing industry keep updating their designs and ergonomics of their products and effectivity of services to stay competitive in the construction worker safety market.Â
Market Scope and Structure Analysis
Description
Construction worker safety market includes all those products that are used (worn, used, and suspended) and services such as on the site and off the site safety training for the protection of life and to avoid injuries or casualties. For every type of hazardous work there are different kinds of equipment, such as for personal protection there are hard hats, foot gear, and coveralls and for work at height protection, there are fall protection nets and harnesses; and for safe excess in construction sites, there are ladders and high visibility barricading tapes.Â
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered | Product type, Safety services type, End-user Industry, and Application. |
 Companies Covered | ALKO PLUS TECHNOSAFE Pvt. Ltd., 3M, Mallcom Ltd., UVEX, Honeywell International, Inc, Radians, Inc., Rock Fall (UK) Ltd., MCR Safety, Lindström Group, Alpha ProTech, Johnson Safety Productsl, ESC Consultants, Inc., DuPont de Nemours, Inc., and Risk Management Partners, Inc. |
Â
COVID-19 Impact Analysis
Top Impacting Factors
The introduction of stricter statutory guidelines pertaining to workers’ and workplace safety all around the world and increasing awareness regarding the same among workers are some of the important driving factors of the construction worker safety market. In addition, each construction company is required to have liability insurance for its workers, and its premiums are determined by the number of accidents occurring in that company. The lower number of accidents will eventually lead to lower insurance premium. Therefore, companies generally find themselves keen on investing a significant amount of money on the safety measures. This brings that premium down and it also contributes in enhancing the goodwill of the company. This is expected to drive the demand in the  construction worker safety market. In the recent years it has been witnessed that many construction worker safety equipment manufacturers and service providers are acquiring and merging in order to become more competitive. This clearly shows the growth potential in the market. However, in many developing countries, small contractors do not spend a considerable amount of money for the safety of the workers at their respective sites. This is one of the challenges for the market’s growth. Contrarily, the rapid development in the construction industry owing to increased urbanization is expected to drive the demand in construction worker safety market. This is expected to create lucrative opportunities for the growth of construction worker safety market during the forecast period.
Market Trends
Key Benefits of the Report
Key Market Segments
Segments | Sub-segments |
---|---|
Personal Protection Equipment Type |
|
Safety Services Type |
|
End-user Industry |
|
Region |
|
Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers