July 21, 2024
Construction Safety Net Market

Construction Safety Net Market Poised to Witness High Growth Owing to Increasing Safety Concerns in Construction Industry

Construction safety nets help prevent workers and equipment from falling from elevated construction sites and structures. They serve as passive safety systems and offer an easy-to-use fall protection solution. Increasing focus on worker safety at construction sites due to stringent government regulations is fueling the demand for construction safety nets. These nets are made from UV-resistant materials for prolonged use and come in a variety of roll sizes and widths to suit different construction needs.

The global construction safety net market is estimated to be valued at US$ 3.98 billion in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the construction safety net market are Heraeus Holding, PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company and AnCatt Inc.
The rising urbanization and infrastructure development activities across developing nations present significant growth opportunities in the market. Governments are increasingly spending on public infrastructure which will drive the use of construction safety nets.
The global expansion of major players through partnerships and regional presence coupled with growing international construction projects will further aid the market expansion during the forecast period.

Market Drivers

Stringent worker safety regulations across major Construction Safety Net Market Demand   such as North America and Europe are compelling construction companies to adopt fall protection equipment like safety nets. According to recent estimates, falls account for over 300 fatalities and over 100,000 injuries annually in the US construction industry alone. This has led to implementation of revised safety standards which will positively impact the sales of construction safety nets.

PEST Analysis

Political: Key governmental regulations related to worker safety standards like OSHA and CENPEL will positively impact the demand for construction safety nets. Any changes or amendments made to these regulations may affect the market.
Economic: Economic growth and infrastructure spending by governments worldwide is leading to growth in the construction industry and increased safety requirement driving the demand for construction safety nets.
Social: Rising awareness about workplace safety and initiatives taken by organizations to promote worker safety are influencing construction companies to adopt safety nets for fall protection.
Technological: Development of advanced materials for making safety nets lighter and stronger. Use of ultraviolet resistant coatings to increase durability of nets. Introduction of automated deployment systems for easy installation and dismantling of nets.

The Construction Safety Net Market Size And Trends in the Asia Pacific region accounted for the largest share in terms of value in 2024 due to strong growth in infrastructure development and construction activities especially in countries like China and India. The Chinese government’s continued focus on improving national infrastructure will augment the regional market over the forecast period.

North America is expected to be the fastest growing regional market from 2024 to 2031 supported by stringent workplace safety regulations in the US and Canada. Residential and non-residential construction growth in USA and government investments in public infrastructure projects are contributing to regional market expansion. Increasing foreign investments in construction sector of Mexico is another factor propelling the North American construction safety net industry.

*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it

About Author - Ravina Pandya

Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals.  LinkedIn Profile

About Author - Ravina Pandya

Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals.  LinkedIn Profile

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