Product Fall Protection Systems Market

Product Fall Protection Systems Market Outlook

The global product fall protection systems market is estimated at USD 6.1 Billion in 2022 and is forecast to surpass USD 9.9 Billion by 2032, growing at a CAGR of 5.1% from 2022 to 2032.

The global product fall protection systems market holds around 12% share in the global secure logistics market.

Report Attributes	Details
Base Year Value (2021A)	USD 5.8 Billion
Estimated Year Value (2022E)	USD 6.1 Billion
Projected Year Value (2032F)	USD 9.9 Billion
Global Growth Rate (2022-2032)	CAGR 5.1%
East Asia Market Share in 2021	~24.3%
East Asia Growth Rate (2022-2032)	CAGR 5.6%
Collective Value Share (USA, China,  Germany and Japan) 2022: Top 4 Countries	~48%
Top 5 Companies Market Share in 2021	~24%
Key Companies Profiled	Cordstrap B.V. Huck Nets (UK) LTD w.w. Cannon, Inc. CERTEX USA, Inc. US Cargo Control US Netting Inc. Heininger Holdings, LLC Adrian Safety Solutions Win Chance Metal Co. Ltd. Lift-It Manufacturing, Inc. Other Key Players

2017-2021 Global Product Fall Protection Systems Market Outlook in Comparison to 2022-2032 Growth Forecast

Historically, the market value of the product fall protection systems industry saw a growth of 3.2% CAGR from 2017 to 2021. The global product fall protection systems market has produced an absolute dollar opportunity of more than USD 789.1 Million in the last few years. It is projected to engender absolute dollar opportunity of around USD 1.9 Billion and 2.5 billion in mid-term and long-term respectively.

Further, the European product fall protection systems market accounts for 2nd largest market share in the global product fall protection systems market which is assessed to lose 63 BPS at a CAGR of 4.3%. Besides, the Germany product fall protection systems market is the leading manufacturer as well as a consumer of product fall protection systems in the region market growth with more than 1/3rd market share.

Further, South Asia & Oceania product fall protection systems market has observed significant growth in the past five years. It has gained significant market share which is projected to grow at a CAGR of 6% in forecast period.

Moreover, the increasing investment in the numerous end-use industries such as construction products, chemical & materials etc., is likely to expand the sales for product fall protection systems in the region.

However, South Asia & Oceania is estimated to add more than 19 BPS and generate absolute dollar opportunity of around USD 590 million amid 2022 & 2032.

From the segmental study, based on application, the warehousing is the one of the noteworthy market shareholder. It has holds nearly 1/3rd market shares and is projected to raise at the CAGR of 4% by the end of valuation period.

Fact.MR projects the product fall protection systems market is projected to observe growth at 5.1% CAGR amid 2022 and 2032 in contrast to a CAGR of 3.2% with which it raised amid 2017 and 2021.

Increasing Adoption of Warehouses and Distribution Center Create Demand for Sustainable Product Protection Systems

While the negative impacts of the 2008 Great Recession continue to fade, foreign trade and e-commerce are rapidly gaining traction. With the expansion of the e-commerce sector and worldwide trade, the trend of warehousing has become highly popular among manufacturers all over the world. The growing use of warehouses and distribution centers creates a demand for long-term product protection systems, which is one of the primary driving forces in the product fall protection systems market.

Also, increasing industrialization and urbanization in developing nations including India is boosting the growth of the product protection systems market. Japan has imposed strict product safety rules and regulations on its imports, which is making a positive impact on the growth of the global product fall protection systems market.

However, the growing trend of automating warehouses and product transportation systems may need a change in market companies' manufacturing tactics in the near future. Product fall protection systems with technologically advanced features may see strong demand in the next years, changing the dynamics of the worldwide product fall protection systems market.

The Becoming Worries for Safe Transportation Likely to Open Opportunities for Product Fall Protection Systems

Growing risks of goods being destroyed in transit are driving the need for long-term solutions in the transportation and logistics industries. Various transportation service providers are studying various product transportation risks in order to implement appropriate product fall protection systems.

As load security remains a top priority throughout transportation, a wide range of industries, including the food and beverage industry, chemical industry, pharmaceutical industry, and manufacturing industry, are using effective product fall prevention systems.

Product fall prevention systems are being used by numerous sectors to optimize procedures for physically securing products during shipping. These systems not only improve product safety, but they also increase the productivity output of various production processes, hence increasing the use of product fall protection systems throughout industries.

The product fall protection systems market is expanding rapidly because to the rising use of these systems in a variety of applications such as flat rack securing, railcar securing, warehousing, and ship securing.

Lack of Awareness about the Presence of Product Safety Equipment Hampers Market Growth

Customer sophistication and rising concerns about product safety are generating demand for advanced product fall protection systems in developed countries. However, there are no specific laws and regulations to inspect and ensure the product quality in developing or underdeveloped countries. Since most of the manufacturing activities take place in developing countries, they carry the maximum potential to drive the growth of the product fall protection systems market.

However, the absence of product safety laws lead to relatively lower demand for product safety equipment manufacturers in emerging economies. Lack of awareness about the availability of advanced product fall protection systems among manufacturing companies in developing markets may hamper the growth of the global product fall protection systems market in the upcoming years.

Country-wise Insights

What is the North America Product Fall Protection Systems Market Scenario?

The warehousing industry in North America is gaining momentum with the rising growth of the e-commerce sector in the region. Increasing market competition along with consumer sophistication is boosting the adoption of warehouses in the North American market.

Increasing adoption of warehouses coupled with the rise in awareness about product safety measures is propelling the development of the product fall protection systems market in the North American region. With the increasing demand for commercial warehousing facilities demand for advanced product fall protection systems market is likely to increase at a rapid pace in the North American market in the upcoming years.

Overall, the product fall protection systems market in North America is likely to observe significant growth. It is projected to acquire nearly 1/4th global market share during 2022 and 2032.

Which Region holds for More Higher Demand for Product Fall Protection Systems Market?

While the developing Asian countries including India and China witness robust industrial growth, the trend of modern warehousing is rising in the region. Industrialization and urbanization are paving way for material handling equipment in the logistic industry, which triggering the growth of the product fall protection systems market in the Asia Pacific region.

The demand for advanced product safety equipment across various industries such as food & beverage, cosmetics, pharmaceuticals, and automobiles is boosting the growth of the Asian product fall protection systems market.

The Asia Pacific region has been segregated into two parts including East Asia and South Asia & Oceania. East Asia product fall protection systems market is the key market from the growth standpoint. It has holds nearly 24.3% market share of the global product fall protection systems market.

The Chinese product fall protection systems market accounts for ~3/4th of the East Asian product fall protection systems market in 2022. It is estimated to generate an absolute $ opportunity of USD 700 million during the assessment period.

Category-wise Insights

Which Product Type of Product Fall Protection Systems is The Largest Contributor to the Product Fall Protection Systems Market?

Despite recent economic and political instability, the global transportation and logistics business has received positive nudges from increased mobility. Many end-use industries throughout the world are experiencing a significant increase in demand for product fall protection systems, pushing global transportation and logistics industry spending levels to previously unfathomable heights.

Further, cargo bednet is a type of net made from industrial grade which is usually used for pickup trucks, service trucks, commercial trucks, long beds, etc. It is generally available in square inch.

Cargo bednet / stretch web is likely to keep its supremacy in product fall protection systems market over the assessment years, in terms of value, which holds for 1/6th value share in 2022. Additionally, the segment is predicted to grow at a CAGR of 6.8% and gain nearly 60 BPS by the end of 2032.

Which Sales Channel is poised to Witness Rewarding Growth in Product Fall Protection Systems Market?

The industry is seeing steady growth in the e-commerce sector due to increasing demand for online channels among the end-use industries. E-commerce sector is mainly witnessing growth in Asian countries which will create an opportunity for manufacturers to invest in the region.

The third party online channel is largely adopted by the different end-use industries owing to which it is anticipated to raise at a CAGR of 4.5% throughout the forecast period. This is projected to create absolute dollar opportunity of more than USD 1.2 billion to the product fall protection systems market over the assessment period of 2022 & 2032.

Competitive Landscape: Top Companies in Product Fall Protection Systems Market

Leading manufacturing companies in the world are making use of deliver drones, autonomous vehicles, and automated factory equipment to transport goods efficiently and safely. Also, automating a warehouse is among the leading trends in the industrial sector, as a majority of industries including chemical and pharmaceutical industry are automating a variety of processes such as case picking, pulling items from shelves, and delivering them to desired locations.

Also, the key companies have adopted numerous strategies including partnership, merger & acquisition, expansion etc. product development is the key strategy to upscale their market presence among consumers.

Fact.MR has provided detailed information about price points of top manufacturers of product fall protection systems market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance: On January 2022, w.w. Cannon, Inc. have received MHEDA MVP (Material Handling Equipment Distributor’s Association) (Most Valuable Partner) Award for their achievements in 2021.

Global Product Fall Protection Systems Market by Category

• By Product Type :

  • Cargo Bednet / Stretch Web
  • Cargo Load Bags
  • Cargo Stabilizer Bar
  • Lifting Basket
  • Pallet Rack Safety Nets
  • Rack Safety Cables
  • Rack Safety Straps
  • Ratchet Straps
  • Slings
  • Wire Mesh Backers

• By Application :

  • Warehousing
  • Bundelling & Palletizing
  • Road Freight Securing
  • Railcar Securing
  • Ship Securing
  • Flat Rack Securing
  • Others Applications

• By End-Use Industries :

  • Transportation & Logistics
  • Construction Products
  • Machinery & Equipment
  • Steel & Metal
  • Chemical & Materials
  • Ports
  • Food & Beverage
  • Other End Use Industries

• By Sales Channel :

  • Company Online Channel
  • Direct Sales
  • Industrial Retailer
  • Modern Trade
  • Third Party Online Channel

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA