LONDON--(BUSINESS WIRE)--The global industrial safety gates market is projected to grow to USD 511.67 million by 2021, at a CAGR of more than 4% over the forecast period, according to Technavio’s latest report.
In this report, Technavio covers the market outlook and growth prospects of the global industrial safety gates market for 2017-2021. Based on the product, the market is divided into swing gate, vertical lift gate, and pallet gate segments.
|Industrial safety gates are used to minimize the risk of falling back through an opening when installed at ladder access points. Vendors in the market also offer a range of safety ladders designs, which incorporate features such as integrated alarm systems, face recognition, and biometric identification. Automatic identification and clearance type of safety gates are used in high-security manufacturing facilities and laboratories.|
Technavio’s research study segments the global industrial safety gates market into the following regions:
Industrial safety gates market in APAC
“APAC dominates the industrial safety gates market due to the high demand from key end-user industries such as construction, manufacturing, and telecommunication. The market will continue to grow quickly, boosted by the booming construction activities,” says Neelesh Prakash Singh, a lead analyst at Technavio for power research.
China, India, and the US are expected to account for a vast majority of the growth in global construction output, which is creating significant opportunities in other emerging economies such as Vietnam, the Philippines, and Indonesia. The growth will draw in higher investments and thereby drive the demand for industrial safety gates.
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Industrial safety gates market in the Americas
The industrial safety gates market in the Americas is expected to grow at a moderate rate during the forecast period. Stringent and comprehensive safety regulations in the US and Canada have contributed to the rise in consumption of industrial safety gates.
However, in the US the employment in various manufacturing industries such as textile mills, pulp and paperboard mills, hardware manufacturing, and foundries is expected to decline. This will have a negative impact on the market, and therefore, the growth rate would be slow during the forecast period.
Industrial safety gates market in EMEA
“The industrial safety gates market in EMEA is expected to grow slowly, driven by the recovering construction industry in the EU. This will create a demand for industrial safety gates for safeguarding employees who work on open air elevators and other platforms, which a pose a risk of falling,” says Neelesh.
Africa is quickly catching up in the industrial safety gates industry, driven by the growing industrial sector in African countries such as Kenya. The government of Kenya has introduced incentives such as the exemption of VAT and customs import duty on imports. This will encourage various industries to increase their production or set up new plants, which will, in turn, increase the demand for industrial safety gates in the country.
The top vendors in the global industrial safety gates market highlighted in the report are:
- Frontier Pitts
- Kee Safety
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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