Implementation Of Stringent Regulations In Terms Of Safety To Boost Global Roof Safety And Access System Market Growth, Says ZMR

26-Mar-2018 | Zion Market Research

The global roof safety and access system market was appreciated at approximately USD 1,300 Million in the year 2016 and it is projected to attain around USD 2,300 Million by 2024. The global roof safety and access system market is likely to show a CAGR of over 7.5% amid 2017 and 2024.

The rollout of strict regulations is one the primary factor responsible for global roof safety and access system. Construction sectors are accounted as driver segment for the global market, as in the majority of the well-established countries the regulations to promote safety is on high priority, this has ultimately motivated the demand for roof safety and access systems. It is anticipated that in the coming period there will be high demand from the non-residential sector for roof safety and access system.

Coming on to the segmentation part the global roof safety and access system market is diversified as an application, geographical regions, and product type. In terms of roof type, it is broadly segmented as fall arrest equipment, Portable Safety Railing, Hatch System, Guardrails, Roof Anchor, Horizontal Lifeline, and others.

The obligation of people’s safety has led to the development of various types of safety products and systems. To ensure safety for workers functioning at vertical heights and rooftops there is a high demand for safety products. Horizontal lifeline holds the largest share in the market growth due to its high application. Constantly increasing construction projects and growing urbanization are two major factors responsible for the growth of the global market.

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Well established regions are seen to be lucrative markets for the roof safety and access systems. Geographically, North America leads the global roof safety and access system market. Growing awareness of on-site safety among the management of the companies that handle the contract of workers has drastically spurred the development of global safety and access system products.

Some of the key player playing a significant role in the global roof safety and access system market include Bilco, 3M, Atlas Access, and others.

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