Global roof safety and access system market is expected to reach USD 2,300 million by 2024, growing at a CAGR of more than 7.5% between 2017 and 2024.
Global roof safety and access system market falls under the parent market global fall protection and safety market. The roof safety products are used for the safety of the workers to prevent them from dangerous falls and accidents. The accidents that occur by falling from a height is the leading cause of death in the workplaces. While working in places such as roof proper protection measures should be implemented.
The global roof safety market was valued at around USD 1,300 million in the year 2016 and it is expected to reach approximately USD 2,300 million by 2024. The global roof safety and access system market is expected to exhibit a CAGR of more than 7.5% between 2017 and 2024.
Drivers and Restraints
The major factor driving the growth of roof safety and access system market is the implementation of the stringent regulations. Stringent workplace safety regulations and mandatory inclusion of the roof and fall safety systems in various industries positively affects the growth of the market in the developed economies. North America and Europe have a definite regulatory framework which keeps a constant check on the mishaps and hazards that occurs at the construction sites.
Rising awareness regarding the different safety measures and systems at the construction sites and industrial workplaces have increased the sales of the roof safety and access equipment and systems.
The high cost of roof safety and access systems is expected to affect the growth of this industry in a negative way.
Horizontal lifeline is a vital product that is used in the roof safety and access system. It is used widely product in the construction sites as it provides continuous protection to the personnel, reduces stress on the roof in the event of a fall, accommodates corners and varying building shapes, and facilitates hands-free movement for the personnel. Horizontal lifeline is available as a temporary as well as a permanent setup. This flexibility for easy installation and removal has further boosted the demand for horizontal lifelines in global roof safety and access system market across the globe.
The non-residential sector is dominating the roof safety and access system market. The growing constructional projects in commercial and industrial sectors owing to the rapid urbanization triggers the growth of the market. In the developed countries, the ongoing slump in the construction activities in the residential sector led to the diversion of project CAPEX into the non-residential sector. This has further cemented the dominance of non-residential application in roof safety and access system market.
There is a rising awareness in North America regarding the safety of workers and personnel working on rooftops across all the industries. In the U.S., which is one of the leading players in roof safety and access systems, OSHA (Occupational Safety and Health Administration) has introduced regulatory policies and standards for safety of workers and personnel working at rooftops and vertical heights in various industries including general industry, construction, shipyard, and marine terminals among others thus increasing the demand for the market.
The report includes detailed profiles of the prominent market players that are trending in the market. The list of the players that are compiled in the report is 3M, Bilco, Honeywell International Inc., Precision Ladders Simplified Safety, Skyline Group, Kee Safety, Ltd., Grasp Safety, XSPlatforms, DeLuca Roofing Inc., O’Keefes, and much more.
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio. In 2016, the Bilco Company launched a new Bil-Guard 2.0 Roof Hatch Railing System which is particularly designed to meet the OSHA fall protection regulations.
This report is based on in-depth qualitative and quantitative analyses of the global Roof Safety and Access System market. Zion Market Research has collected and analyzed key data belong to the global Roof Safety and Access System market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Roof Safety and Access System across the world has been calculated through primary and secondary research.
Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Roof Safety and Access System industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Roof Safety and Access System market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
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