Edge Protection System Market Growth, Market Insights and Forecast to 2025
Posted by rekha on December 9th, 2019
“The Global Edge Protection System Market was valued at US$ 378.2 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to stringent rules and regulations for the safety of the public”
Precision Business Insights (PBI) in its report titled “Global Edge Protection System Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global edge protection system market is expected to be valued at US$ 378.2 Mn in 2018 and growing at a CAGR of 6.5% over the forecast period to reach US$ 503.2 Mn by 2025 owing to the increasing construction and rising focus on the safety measures in the building constructions. Furthermore, innovative designs and increasing trend of various designs in the market is expected to drive the growth of the market. The government initiatives to safeguard labors by implementing strict rules and regulations for the public safety as well and the rising adoption of novel technologies that can effectively prevent labors from the risk of falling from the edges of the construction building. Increasing multi-store buildings construction across the globe are anticipated to fuel the growth of the market. However, non-availability of raw materials on proper time and high cost for installation and maintenance of edge protection systems are projected to restrain the growth of the market.
Global edge protection system market segmented on the product type, application, and region.
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Concrete Edge Protection Systems segment accounted for higher revenue share
Based on product type, global edge protection system market is segmented concrete edge protection systems, steel edge protection systems, and timber edge protection systems. Concrete edge power systems segment accounted for the largest market share owing to increasing construction activities and stringent government regulations to safeguard the labors from the risk caused during the falling from the edges of the construction of buildings.
North America dominates the market
PBI’s global edge protection system market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America dominated the market over the past years and is expected to grow with a CAGR of 7.5% over the forecast years owing to increasing awareness among the people in the well developed countries such as United States regarding the benefits of the edge protection systems in construction areas and rising capital income in both the developed and developing countries are expected to drive the growth of the market. Increasing investments in commercial sectors in the developed countries and growing awareness about the protection techniques are anticipated to drive the growth of the market.
Recent Developments in the Global Edge Protection System Market
Key player’s profiles in the report are Ischebeck Titan Limited, DOKA, Rapid-EPS, Integrity Worldwide, SafetyRespect, BrandSafway, PERI, TLC Group, Billington, Honeywell (Combisafe), ULMA, J-SAFE, and Altrad Group.
By Product Type
o Concrete Edge Protection Systems
o Steel Edge Protection Systems
o Timber Edge Protection Systems
o Commercial Construction
o North America
o Latin America
o Middle East and Africa (MEA)
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About the Authorrekha
Joined: July 26th, 2019
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