Construction Worker Safety Market Growing at a CAGR of 10.1% from 2023 to 2032 | Type Residential Commercial Industrial

substantial growth in next decade, driven by heightened awareness of workplace safety, increased investments in safety solutions, advancements in technology

WILMINGTON, DE, UNITED STATES, January 13, 2025 /EINPresswire.com/ -- Allied Market Research has recently published a comprehensive report titled, “Construction Worker Safety Market by Type (Personal Protective Equipment, Fall Protection Equipment, and Safe Access Equipment), by Construction Type (Residential, Commercial, and Industrial), and Application (Worker Body Safety and Workplace Safety): Global Opportunity Analysis and Industry Forecast, 2023-2032.” The report highlights that the global construction worker safety market, which was valued at $3 billion in 2022, is projected to reach $7.8 billion by 2032, registering a robust CAGR of 10.1% during the forecast period.

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𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

The primary drivers of the construction worker safety market include the increasing rate of workplace injuries and fatalities, which has prompted higher investments from both government and private sectors. As construction activities continue to grow globally, the need for safety solutions becomes paramount. However, certain factors, such as high implementation costs and a shortage of qualified workers’ compensation and health providers, present significant challenges to market growth. On a positive note, ongoing advancements in automotive technology and the introduction of smart personal protective equipment (PPE) are expected to create lucrative opportunities for industry players.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

𝑹𝒆𝒑𝒐𝒓𝒕 𝑪𝒐𝒗𝒆𝒓𝒂𝒈𝒆 𝒂𝒏𝒅 𝑫𝒆𝒕𝒂𝒊𝒍𝒔:

Forecast Period: 2023–2032

Base Year: 2022

Market Size in 2022: $3 billion

Projected Market Size in 2032: $7.8 billion

CAGR: 10.1%

Number of Pages: 220

Segments Covered: Type, Construction Type, Application, and Region

Key Drivers:

Increasing workplace injuries and fatalities.

Rising investments from government and private organizations.

Opportunities:

Development of smart PPE and advancements in technology.

Restraints:

High implementation costs.

Shortage of qualified workers’ compensation and health providers.

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The COVID-19 pandemic caused significant disruptions in the construction worker safety market due to supply chain interruptions, halted logistics, and manufacturing shutdowns. However, as global conditions improved, demand for safety equipment rebounded, providing new growth opportunities for market players. The pandemic underscored the critical importance of safety measures in construction, leading to increased adoption of advanced safety solutions.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐁𝐲 𝐓𝐲𝐩𝐞

The personal protective equipment (PPE) segment accounted for the largest market share in 2022, contributing more than two-fifths of the total revenue. This growth is driven by the increasing adoption of PPE at construction sites to ensure worker safety. The segment is expected to maintain its leadership throughout the forecast period. Meanwhile, the safe access equipment segment is anticipated to register the highest CAGR of 11.7% from 2022 to 2032, fueled by the growing demand for equipment such as ladders and harnesses that facilitate safe work at heights.

𝐁𝐲 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐓𝐲𝐩𝐞

In 2022, the residential construction segment dominated the market, accounting for nearly two-fifths of the global revenue. The segment’s growth is attributed to the rising global population and the corresponding demand for housing and apartments. Additionally, the residential segment is expected to witness the fastest CAGR of 11.1% during the forecast period, driven by increased urbanization and the need for safer construction environments.

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
The worker body safety segment held the largest market share in 2022, contributing nearly three-fifths of the total revenue. The segment’s prominence is attributed to heightened awareness of occupational safety and the implementation of measures aimed at reducing workplace injuries and fatalities. Despite its dominance, the workplace safety segment is projected to exhibit the highest CAGR of 10.4% from 2022 to 2032, driven by rising demand for comprehensive safety solutions in construction environments to safeguard worker health and well-being.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Europe emerged as the leading region in 2022, holding nearly two-fifths of the global market revenue. This dominance can be attributed to the high level of industrialization and automation in the region, alongside stringent safety regulations. However, the LAMEA (Latin America, Middle East, and Africa) region is expected to experience the fastest CAGR of 13.2% from 2022 to 2032, driven by increasing construction activities and infrastructure development in emerging economies.

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𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Several key players are actively shaping the construction worker safety market through innovation and strategic initiatives. Prominent companies include:

3M Company

Radians, Inc.

Mallcom Limited

Ansell Ltd.

DuPont

Rock Fall Ltd.

Honeywell International Inc.

ESC Safety Consultants

MSA

Hilti

David Correa
Allied Market Research
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