Construction Worker Safety Market Expected to Reach $7.8 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Construction Worker Safety Market," The construction worker safety market size was valued at $3 billion in 2022, and is estimated to reach $7.8 billion by 2032, growing at a CAGR of 10.1% from 2023 to 2032.

Construction worker safety equipment include harnesses, PPE (personal protective equipment), and other equipment specifically created to safeguard employees from a variety of hazards at the construction site. An increase in spending on employee safety is anticipated to help leading players in the global construction worker safety market create growth prospects in forthcoming years. In addition, major industry players use acquisition strategy to grow their businesses.

For instance, in March 2021, 3M's Personal Safety Division collaborated with Cority. The 3M company’s Connected Safety is an IoT (Internet of Things) platform that combines physical products and digital device to aid organizations connect equipment, places, and workers to improve worker safety, safety process automation, and compliance workflows. In addition, in the upcoming years, public awareness of the benefits of using construction worker safety solutions is projected to grow. This in turn is expected to drive the construction worker safety market growth.

Moreover, construction worker safety has risen to the top of the priority list as companies recognize that taking a proactive approach to injury prevention and treatment indicates a commitment to their employees' well-being. A significant shift toward a more all-encompassing approach to well-being beyond physical health is being observed within the sector as a result of the National Institute for Occupational Health's (NIOSH) implementation of the Total Worker Health concept. Working at height, machine operating, noise and other such a dangerous work environment at construction sites create demand for products in the construction worker safety market.

Moreover, there are several challenges that construction workers face that could harm their physical health. Increased worker’s awareness of health, safety, and wellness can significantly lower the risks posed by these issues. Owing to the constantly changing construction sites, safety specialists currently perform a wide range of tasks. Organizations instruct safety specialists to use the resources and tools that can be included into construction worker safety solutions to protect worker lives. It can be difficult to find safety specialists with all these qualifications. Installation of construction safety systems is necessary as a preventative measure to safeguard personnel and equipment in an emergency. The enormous costs associated with construction worker safety components, implementation, installation, and maintenance create a major financial burden on the organization. All such factors hinder the construction worker safety industry growth.

In addition, the outbreak of COVID-19 has led to a halt in logistic and manufacturing activities across the globe, which, in turn, has led to the interruption of the supply chain, thereby hindering the growth of the construction worker safety market. However, this situation is expected to improve as the government has relaxed norms around the world for resuming business activities.

With the introduction of smart PPE, the market for construction worker safety appears to be growing. Smart PPE with a Bluetooth component can link to the internet and other devices to deliver real-time worker safety information. In addition, the ongoing development of automotive technology helps to achieve higher standards of safety. According to the National Highway Traffic Safety Administration, automobile accidents annually cost the economy billions of dollars. Research, development, and safe testing of automated driving systems need significant financial investments. These improvements in the automobile industry enhance the trucks, containers, and other vehicles used on construction sites. Such elements are anticipated to present profitable opportunities for the construction worker safety market share.

The construction worker safety market is segmented on the basis of type, construction type, application, and region. By type, the market is classified into personal protective equipment, fall protection equipment, and safe excess equipment. By construction type, the market is divided into residential, commercial, and industrial. By application, the market is bifurcated into worker body safety and workplace safety.

Region wise, the construction worker safety market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
 

COMPETITION ANALYSIS

The major players profiled in the construction worker safety market include Ansell Ltd., DuPont, ESC Safety Consultants, Hilti, Honeywell International Inc., 3M Company, Mallcom Limited, MSA, Radians, Inc., and Rock Fall Ltd.

Key Findings of the Study

• The report provides an extensive analysis of the current and emerging global construction worker safety market trends and dynamics.
• By type, the personal protective equipment segment dominated the market in 2022.
• By construction type, the residential segment dominated the market in 2022.
• By application, the worker body safety segment generated the highest revenue in 2022.
• Region-wise, Europe dominated the market in 2022. And LAMEA is anticipated to dominate the global construction worker safety market exhibiting the highest CAGR during the forecast period.
• The global construction worker safety market forecast analysis from 2022 to 2032 is included in the report.