LONDON--(EON: Enhanced Online News)--One of the leading causes of occupational death and injury is falls. Occupational falls and other on-the-job industries can cost employers billions of dollars each year in workers compensation payments, healthcare costs, and fines, especially in the industrial and manufacturing industries. To improve working conditions and to reduce costs, businesses are rapidly adopting fall protection and prevention strategies and equipment. According to Infiniti Research, the global market for fall protection equipment is expected to grow at a CAGR of 8.09% until 2019.
Infiniti Research has recently completed a market assessment on fall protection equipment for a global manufacturer of safety products. The purpose of this study was to improve revenues and identify potential untapped opportunities in the global fall protection equipment market.
The American Society of Safety Engineers has recently published a new safety standard for fall protection. This standard, titled ‘ANSI/ASSE Z359.2 2017 Minimum Requirements for a Comprehensive Managed Fall Protection Program’, establishes criteria for employers’ fall protection programs, including equipment, training, identification and reporting of fall hazards, program implementation, and incident investigation. This will lead to an increase in the purchase of fall protection equipment amongst associated engineering firms and companies, will increase overall safety for employees, and will set a new industry standards for safety.
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As new standards are put in place and new equipment becomes available, market intelligence will be increasingly invaluable for safety equipment and fall protection equipment manufacturers to stay ahead of the competition and remain successful in the market.
In their latest assessment of the fall protection equipment market, Infiniti’s market intelligence analysts were tasked with developing and providing an in-depth analysis of the market landscape, industry and technological trends, key competitors, and product developments that would help the client to develop a strategy for the positioning and development of their fall protection products. In just 10 weeks, the client gained immense benefits from Infiniti’s findings, and gained a comprehensive overview of current fall protection equipment market trends, challenges, and drivers. The client also benefited in terms of ROI.
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About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 13 years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.