Austria Fall Protection Market Size & Outlook, 2023-2030
Austria fall protection market, 2018-2030 (US$M)
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Austria fall protection market highlights
- The Austria fall protection market generated a revenue of USD 16.1 million in 2023 and is expected to reach USD 25.9 million by 2030.
- The Austria market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, individual protection was the largest revenue generating type in 2023.
- Collective Protection is the most lucrative type segment registering the fastest growth during the forecast period.
Fall protection market data book summary
| Market revenue in 2023 | USD 16.1 million |
| Market revenue in 2030 | USD 25.9 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Individual protection |
| Fastest growing segment | Collective Protection |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Individual Protection, Collective Protection, Access Equipment |
| Key market players worldwide | Werner Enterprises Inc, MSA Safety Inc, Honeywell International Inc, 3M Co, Giss, FallTech, Petzl, Skylotec, Guardian Fall, Gravitec Systems, Kee Safety, French Creek Production, SafeWaze, Tritech Fall Protection Systems |
Other key industry trends
- In terms of revenue, Austria accounted for 0.6% of the global fall protection market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany fall protection market is projected to lead the regional market in terms of revenue in 2030.
- Ireland is the fastest growing regional market in Europe and is projected to reach USD 42.1 million by 2030.
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Fall Protection Market Scope
Fall Protection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Austria fall protection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fall protection market will help companies and investors design strategic landscapes.
Individual protection was the largest segment with a revenue share of 58.39% in 2023. Horizon Databook has segmented the Austria fall protection market based on individual protection, collective protection, access equipment covering the revenue growth of each sub-segment from 2018 to 2030.
The Austrian Occupational Health and Safety Act (ASchG) and its associated ordinances, safety remains paramount in driving demand for fall protection solutions, encompassing harnesses, lanyards, and guardrails. Initiatives such as the "Vision Zero" campaign further bolster awareness, potentially catalyzing market expansion.
Despite Austria's generally stable economy, the construction sector, historically a key consumer of fall protection equipment, has encountered a recent deceleration. Escalating material costs, interest rates, and diminished wages have tempered new construction endeavors, thereby impacting demand within this pivotal industry.
However, in November 2023, the Austrian government unveiled the railway infrastructure expansion plan, committing USD 22.84 billion between 2024 and 2029. This substantial investment is expected to positively impact market growth. Wind farms, towering over landscapes, require specialized fall protection equipment for technicians scaling their heights.
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Horizon Databook provides a detailed overview of country-level data and insights on the Austria fall protection market , including forecasts for subscribers. This country databook contains high-level insights into Austria fall protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Austria fall protection market size, by type, 2018-2030 (US$M)
Austria Fall Protection Market Outlook Share, 2023 & 2030 (US$M)
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