Mexico Fall Protection Market Size & Outlook, 2023-2030
Mexico fall protection market, 2018-2030 (US$M)
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Mexico fall protection market highlights
- The Mexico fall protection market generated a revenue of USD 57.9 million in 2023 and is expected to reach USD 94.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.3% 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 57.9 million |
| Market revenue in 2030 | USD 94.8 million |
| Growth rate | 7.3% (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, Mexico accounted for 2.0% 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 North America, U.S. fall protection market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 94.8 million by 2030.
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Fall Protection Market Scope
Fall Protection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 58.72% in 2023. Horizon Databook has segmented the Mexico fall protection market based on individual protection, collective protection, access equipment covering the revenue growth of each sub-segment from 2018 to 2030.
In oil & gas production facilities, derrick ladders are used to access different areas of oil rigs for tripping, rigging up & rigging down, and rig servicing. In oil & gas producing and refining facilities, fall hazards can be attributed to the presence of slippery ground and the requirement to climb derrick ladders to reach the top of rigs.
Fall safety equipment such as safety harnesses, restraint lanyards, and rescue systems that can raise and lower the employees to a safe landing after a fall are used in the oil & gas facilities. According to a report published by the International Trade Administration (ITA) in November 2023, Mexico is one of the largest oil producers in the world, with 1.6 million barrels of oil produced daily in 2022.
In addition, in December 2023, the Government of Mexico amended its legal framework pertaining to the oil & gas industry to cater to the growing oil & gas demand in the country and allowed both local and private investments into its energy sector for the first time since the inception of the oil & gas nationalization policy of the country in 1938.
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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 country-level data and insights on the Mexico fall protection market , including forecasts for subscribers. This country databook contains high-level insights into Mexico fall protection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico fall protection market size, by type, 2018-2030 (US$M)
Mexico Fall Protection Market Outlook Share, 2023 & 2030 (US$M)
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