Latin America Fall Protection Market Size & Outlook
Latin America fall protection market, 2018-2030 (US$M)
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Latin America fall protection market highlights
- The Latin America fall protection market generated a revenue of USD 231.5 million in 2023.
- The market is expected to grow at a CAGR of 7.2% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 231.5 million |
| Market revenue in 2030 | USD 376.4 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Individual protection |
| Fastest growing segment | Collective Protection |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 8.1% of the global fall protection market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,074.0 million by 2030.
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Fall Protection Market Scope
Fall Protection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 60.39% in 2023. Horizon Databook has segmented the Latin America fall protection market based on individual protection, collective protection, access equipment covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Monetary Fund in October 2023, the annual GDP of the Central & South America region has remained high. The World Bank in October 2023 estimated that the GDP is likely to grow by 2.3% and 2.6% in 2024 and 2025, respectively. This growth is likely to follow a similar trend over the forecast period across the region.
Such promising economic growth in Central & South American countries, such as Brazil, Argentina, and Venezuela, is attracting huge investments in the construction and manufacturing sectors. For example, with the improving security conditions in metropolitan areas with a market of 51.8 million people, Colombia remains an attractive destination for FDIs in Central & South America in the construction & manufacturing sectors.
Further, the oil & gas industry witnessed a significant influx of investments. Such increasing investments by the public and private players in the oil & gas industry are expected to operationalize new refining facilities.
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Our clientele includes a mix of fall protection market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America fall protection market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America fall protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America fall protection market size, by country, 2018-2030 (US$M)
Latin America Fall Protection Market Outlook Share, 2023 & 2030 (US$M)
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