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Fall Protection Market to Expand by USD 5.05 Billion (2024-2028), Driven by Growth in Onsite Training, Market Evolution Powered by AI – Technavio

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NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global fall protection market size is estimated to grow by USD 5.05 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 15.42%  during the forecast period. Increasing onsite training is driving market growth, with a trend towards underpenetrated markets in developing countries. However, high inspection and maintenance  poses a challenge.Key market players include 3M Co., ABS Safety GmbH, Adolf Wurth GmbH and Co. KG, Bergman and Beving AB, FallTech, French Creek Production Inc., Honeywell International Inc., KARAM group, Kee Safety Systems and Services India Pvt Ltd., Kennedy Wire Rope and Sling Co., Magid Glove and Safety Manufacturing Co. LLC, Mathews Mechanical, MSA Safety Inc., PETZL Distribution, Pure Safety Group Inc., Safe Approach Inc., Super Anchor Safety, Uviraj Group, Webb Rite Safety, and Werner Co..

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Fall Protection Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.42%

Market growth 2024-2028

USD 5052.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.09

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, Germany, India, and United Arab Emirates

Key companies profiled

3M Co., ABS Safety GmbH, Adolf Wurth GmbH and Co. KG, Bergman and Beving AB, FallTech, French Creek Production Inc., Honeywell International Inc., KARAM group, Kee Safety Systems and Services India Pvt Ltd., Kennedy Wire Rope and Sling Co., Magid Glove and Safety Manufacturing Co. LLC, Mathews Mechanical, MSA Safety Inc., PETZL Distribution, Pure Safety Group Inc., Safe Approach Inc., Super Anchor Safety, Uviraj Group, Webb Rite Safety, and Werner Co.

Market Driver

The Fall Protection Market is experiencing significant growth due to increasing safety regulations and the need to prevent fall-related accidents in various industries. This market encompasses safety equipment such as harnesses, lanyards, anchors, and ergonomic solutions for worker safety. Construction activities, manufacturing, oil and gas, utilities, telecom, and wind energy sectors are major consumers of fall protection systems. Innovations in materials and design, sensor technologies, and telecommunications are driving the market forward. Reliable systems, personal protective equipment like body harnesses and ropes, and installed systems like tripods, ladders, and anchorage are essential for workplace safety. Injury risks are reduced through personal fall arrest systems, safety net systems, and rescue kits. Smart technologies and safety audits ensure compliance with worker safety standards and address occupational hazards in high-risk environments. 

The fall protection market in emerging economies, particularly in Asia Pacific, the Middle East, and Africa, faces significant challenges due to the absence of strict workplace safety regulations and low awareness about the importance of fall protection equipment. This situation hinders market growth, as countries like India and China, which are expected to experience rapid industrial expansion during the forecast period, lack well-defined and stringent regulations for occupational safety. For instance, in India, while the 1948 Factories Act has been amended to mandate the use of PPE, its implementation at the enterprise level remains limited. Consequently, the fall protection market expansion in these regions may be slower than anticipated. 

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Market Challenges

The Fall Protection Market faces several challenges in ensuring worker safety, particularly in high-risk industries like construction, manufacturing, oil and gas, utilities, telecom, and wind energy. Safety regulations mandate the use of reliable fall protection systems, including harnesses, lanyards, anchors, and anchorage points. Fall-related accidents remain a significant concern, making the need for innovative solutions more pressing. Ergonomic designs, sensor technologies, and telecommunications are key areas of focus for improving worker safety and reducing injury risks. Materials and design innovations continue to play a crucial role in creating effective and efficient fall protection systems. Employers must prioritize employee well-being and adhere to worker safety standards, investing in personal protective equipment such as body harnesses, ropes, tripods, ladders, and rescue kits. Smart technologies, including safety net systems and safety audits, are essential for identifying and mitigating occupational hazards in industrial sectors.Fall protection equipment, including safety harnesses, lanyards, self-retracting systems, and body belts, is subject to rigorous inspections and quality checks mandated by various regulatory bodies focusing on worker safety. The Personal Protective Equipment at Work Regulations 1992 outlines crucial aspects of fall protection equipment maintenance, repair, and replacement. Inspections are mandatory at all stages, from suppliers and manufacturers to installers and end-users. Vendors must adhere to best practices during manufacturing, which can increase costs. Fall protection equipment components, such as belts, rings, webbing, and tongue buckles, require regular inspections. Webbing and rope lanyards need protection from excessive heat, chemical damage due to solvents and paints, ultraviolet radiation, contaminants, corrosive materials, and moisture. Cleaning should only be done with commercial soap or detergent. The high maintenance requirements of fall protection equipment pose challenges for end-users due to numerous procedures and regulations that need to be followed.

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Segment Overview 

This fall protection market report extensively covers market segmentation by  

Product 1.1 Safety harness1.2 Safety nets and othersEnd-user 2.1 Construction2.2 Energy and utilities2.3 Oil and gas2.4 Transportation2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Safety harness-  Fall protection market is driven by the implementation of stringent worker safety regulations, such as those set by the Occupational Safety and Health Administration (OSHA). These regulations recommend the use of safety harnesses for work locations six feet or more above ground level. A safety harness is a type of personal protective equipment (PPE) that includes chest and full-body harnesses. The first premium comfort harness was introduced in 2001, designed with input from ergonomics experts, industrial designers, and mechanical engineers. This harness addressed the key needs of the wearer, such as ease of use, durability, and comfort. The market for safety harnesses will grow, particularly in Asia Pacific (APAC), where the construction and manufacturing industries are expanding rapidly. The mature markets of North America and Europe will exhibit steady growth due to existing safety regulations. The global fall protection market is expected to grow significantly during the forecast period, driven by the increasing demand for safety harnesses in various industries.

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Research Analysis

The Fall Protection Market encompasses a range of safety solutions designed to prevent falls and ensure worker safety in various industries. Fall-related accidents continue to be a significant concern, particularly in construction activities, manufacturing, oil and gas, and other industrial sectors. Safety regulations mandate the use of safety equipment, including harnesses, lanyards, anchors, and personal protective equipment. Ergonomic solutions, such as body harnesses, are essential for ensuring comfort and effectiveness. Ropes, tripods, ladders, and anchorage systems provide anchorage points for anchoring safety equipment. Safety net systems, smart technologies, and safety audits are also integral to maintaining a safe work environment. Worker safety concerns and occupational hazards necessitate continuous innovation and improvement in fall protection solutions.

Market Research Overview

The Fall Protection Market encompasses a range of safety solutions designed to prevent falls and ensure worker safety in various industries. With increasing safety regulations and the rise in fall-related accidents, the demand for reliable fall protection systems. These systems include safety equipment such as harnesses, lanyards, anchors, and ergonomic solutions. Harnesses and lanyards are essential components of personal protective equipment, while anchors provide a secure connection to anchorage points. Construction activities, manufacturing, oil and gas, utilities, telecom, wind energy, and wind turbine installations are among the industrial sectors that heavily rely on fall protection systems. High-risk environments demand advanced solutions, including smart technologies, sensor systems, and telecommunications. Ergonomic design, materials innovation, and design innovation are key trends in the market, focusing on employee well-being and reducing injury risks. Fall protection systems consist of both soft goods (harnesses, lanyards, ropes) and hard goods (tripods, ladders, anchorage, anchor points). Installed systems, access systems, rescue kits, and safety net systems are also integral components of the market. Safety audits and compliance with worker safety standards are crucial for maintaining a safe workplace and reducing occupational hazards.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSafety HarnessSafety Nets And OthersEnd-userConstructionEnergy And UtilitiesOil And GasTransportationOthersGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Meta, Watsons Hong Kong, Hong Kong Life and OPTICAL 88 unlocked WhatsApp potential with Omnichat

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Create end-to-end customer journeys using WhatsApp Flows and ads that click to WhatsApp with Meta to accelerate business growthRedefine customer engagement with Omnichat’s WhatsApp membership system and enhance campaign tracking and optimisation through the Conversions APIWatsons Hong Kong integrated WhatsApp into the customer journey, from initial product discovery through to final purchase and payment, thereby offering customers a more convenient O+O experienceHong Kong Life revolutionised its interactions with customers by WhatsApp marketing, streamlining the acquisition of potential customers and elevating the overall customer experienceOPTICAL 88 leveraged WhatsApp’s direct messaging capabilities to create tailored, one-on-one conversations with customers, strengthening relationships and boosting satisfaction, resulting in an impressive 26% click-through rate on messages

HONG KONG, Nov. 26, 2024 /PRNewswire/ — Omnichat, an all-in-one omnichannel customer experience platform offering conversational commerce solutions, recently hosted a highly scalable conference titled “Unlocking Revenue Potential with Omnichannel Customer Experience”, which featured insights on delivering exceptional customer experiences via WhatsApp, with contributions from industry experts at the global social media giant Meta, international health and beauty retailer Watsons Hong Kong, the one-stop insurance and financial service provider Hong Kong Life, and the professional optical brand OPTICAL 88.

 

Omnichat, as the WhatsApp Business Solution Provider of Meta, introduced how its advanced omnichannel customer experience solutions empowered businesses to effortlessly drive customer loyalty and achieve personalisation through seamless journeys during the event. “Numerous businesses are seeking ways to streamline customer journeys, and WhatsApp Flows offers the perfect solution. Integrating WhatsApp Flows with marketing campaigns empowers businesses to design, build, and customise experiences. This provides customers a fast, simple way to complete tasks within a conversation, ultimately driving conversions and delivering better results,” said Alan Chan, Founder and CEO of Omnichat. The newly launched WhatsApp membership system offers brands and their customers a user-friendly loyalty solution by leveraging WhatsApp, the most popular messaging app in Hong Kong. “When constructing end-to-end customer journeys, loyalty is a crucial element that must not be overlooked. The WhatsApp membership system is designed to strengthen customer relationships through loyalty points, coupons, and membership cards, facilitating future re-engagement and encouraging potential repurchases.” Leveraging the power of Omni AI, auto-generated message content can be customised for various customer segments, enhancing efficiency in marketing and customer service while achieving personalisation. 

WhatsApp has the highest social media platform penetration rate of 79% in Hong Kong, according to the survey conducted by GWI. Driving engagement and growth across the customer lifecycle, the WhatsApp Business Platform plays a pivotal role in connecting with customers from discovery, consideration, purchase to re-engagement. “Meta has continually expanded the capabilities of business messaging to empower companies across various sectors to drive awareness, boost conversions, and create meaningful customer relationships for remarketing,” said Vicky Yiu, APAC Strategic Partnership Manager of Meta. “By creating a customised WhatsApp experience, WhatsApp Flows has achieved measurable results in generating more leads, appointments, and revenue directly within the platform, providing increased convenience for both businesses and their customers.” Meta also offers comprehensive tracking of the entire customer journey with the Conversions API. From the initial ads that lead to WhatsApp engagement, through subsequent WhatsApp interactions, to the final conversion, businesses can now generate actionable insights and fine-tune their advertising strategies with precision.

Prolog Leung, Online Business Director of Watsons Hong Kong also shared in the seminar, “Watsons Hong Kong has successfully integrated WhatsApp commerce into its innovative O+O (Offline plus Online) retail strategy by seamlessly implementing Omnichat’s conversational commerce solution, streamlining the checkout process and delivering an unparalleled shopping experience. It bridges the gap between digital convenience and personalised service. We are now handling tremendous customer enquiries monthly via WhatsApp, minimizing the waiting time of customers to answer their enquiries. Our ‘Watsons Here For You’ service offers one-on-one consultations with pharmacists, Chinese medicine practitioners, and dietitians via WhatsApp. This seamless integration of digital and physical retail spaces allows our customers to engage with our brand at their convenience, not only boosting online engagement and sales but also driving foot traffic to our physical stores.” 

Hong Kong Life has revolutionised its marketing and customer service strategies by leveraging WhatsApp and Omnichat’s advanced messaging solutions. Initially implemented to manage multi-channel enquiries on social media platforms, Hong Kong Life had quickly realised the transformative potential of WhatsApp for business growth and customer experience enhancement. “We have uncovered the limitless potential of WhatsApp in our marketing and customer service. The automated chatbot can now efficiently handle over 90% of simple enquiries, allowing our team to focus on marketing and nurturing deeper customer relationships,” said Jonathan Ko, Chief Marketing Officer of Hong Kong Life. “We have strategically implemented interactive Q&A games via WhatsApp chatbots, incentivising participation with exclusive coupons. This not only enhances customer engagement but also significantly expands our WhatsApp database. Leveraging this growing database to deliver targeted marketing broadcasts, our campaigns have recorded a remarkable 70% read rate, substantially boosting business conversions.” 

OPTICAL 88 has further solidified its reputation for exceptional customer service by leveraging the WhatsApp Business Platform. This strategic move has not only enhanced communication efficiency but also instilled a greater sense of trust and convenience among customers, thanks to the platform’s authorised blue tick verification. Andrea Chan, Digital Marketing Manager of OPTICAL 88 emphasised the significance of this digital transformation, “Maintaining a close, personal connection between our sales team and customers is a cornerstone of our brand values. We have observed that regardless of demographic, our customers overwhelmingly prefer the immediacy and interactivity of WhatsApp over traditional email communications, resulting in up to 26% click-through rate on our messages.” OPTICAL 88 has also broadened its tactical approach beyond one-to-one communications. Andrea further explained, “By integrating omnichannel chatbots with our social media strategy, particularly for Facebook comment auto-replies, we have facilitated engaging social media campaigns while effectively driving online traffic to our physical stores.”

By seamlessly integrating automated systems with personalised human interactions, the comprehensive chat commerce solutions are revolutionising the way businesses interact with their customers across WhatsApp Business Platform, Facebook Messenger and Instagram Direct, and setting new industry standards for customer experience excellence. 

About Omnichat:
Founded in 2017 with its headquarter in Hong Kong, Omnichat is an omnichannel chat commerce solution provider that centralises customers’ conversations from WhatsApp Business Platform, Facebook Messenger, Instagram, LINE, WeChat and website live chat into a single platform to enhance efficiency and productivity.

With a strong presence in the Asia Pacific region, the company has established a solid reputation for serving local and international retail and e-commerce brands. By offering an omnichannel social customer data platform, online-merge-offline(OMO) sales integration, marketing automation, chatbots as well as customer service platform, Omnichat strives to empower brands to deliver personalised customer journeys and drive digital transformation, ultimately converting visitors into customers through chats.

Website: https://www.omnichat.ai/
WhatsApp: https://wa.me/85291925071/?text=EnquiryForWhatsApp
LinkedIn: https://hk.linkedin.com/company/omnichat-easychat
Facebook: https://www.facebook.com/OmnichatAI

For media enquiries, please contact:
Omnichat Limited
Lily Yeung
Associate Director of Communications
Tel: (852) 9803 5977
Email: lily.yeung@omnichat.ai

Macy Chun
Communications Manager
Tel: (852) 6234 9555
Email: macy.chun@omnichat.ai

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SOURCE Omnichat Limited

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AccuRadio Shields Listeners from ‘The Little Drummer Boy’ in 2024 Challenge

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CHICAGO, Nov. 25, 2024 /PRNewswire/ — This holiday season, AccuRadio, one of the world’s leading online radio services, is stepping up to protect listeners from the ultimate seasonal pitfall: Hearing the song “The Little Drummer Boy.”

This Christmas, AccuRadio is helping music fans dodge the ultimate holiday pitfall: Hearing “The Little Drummer Boy”

“We have a foolproof plan to help our listeners stay safe from that song this holiday season,” announced Kurt Hanson, Founder and CEO of AccuRadio.

AccuRadio’s initiative supports the Little Drummer Boy Challenge — a playful annual game in which countless holiday music lovers aim to avoid hearing “The Little Drummer Boy” for as long as possible, from 12:01am local time on Black Friday through 11:59pm on December 23rd (per littledrummerboychallenge.com). The challenge, originally born in Silicon Valley tech circles, has become a cherished holiday tradition, uniting music fans across the globe.

To aid participants in their quest, AccuRadio is launching a set of “safe zone” Holiday Music channels that feature all the festive classics listeners love, with one notable exception: “The Little Drummer Boy” is completely off the playlist.

“We want holiday music fans to have a safe space to enjoy their favorite holiday songs without fear of losing the challenge,” Hanson said.

For those feeling mischievous, AccuRadio is also introducing a specially-disguised channel that will actually play nothing but dozens of versions of “The Little Drummer Boy,” perfect for pranking friends. “We call it getting drum-rolled,” explained Paul Maloney, AccuRadio’s VP/Programming.

Todd Manley, VP/Promotion at AccuRadio, emphasized the platform’s commitment to its listeners: “In a world where online safety can be challenging to find, we’re making it easy for holiday music fans to enjoy their season with true peace of mind.”

AccuRadio’s “safe zone” channels are a new addition this year to what is already the most extraordinary collection of holiday music channels available anywhere. AccuRadio offers over 125 curated (and personalizable) Christmas music channels focusing on specific genres, decades, regions, tempos, and themes—making it the ultimate destination for holiday music enthusiasts.

This amazing assortment of holiday music channels can be found on the web at www.accuradio.com/christmas-music and on AccuRadio’s iPhone and Android mobile apps.

About AccuRadio
Launched in 2000 (making it one of the earliest pioneers in online audio), AccuRadio offers over 1,400 human-curated music channels (spanning over 50 genres) to over a million adult, upscale, and loyal users each month.

View original content:https://www.prnewswire.com/news-releases/accuradio-shields-listeners-from-the-little-drummer-boy-in-2024-challenge-302315954.html

SOURCE AccuRadio

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UPS Class Action News: Robbins LLP Reminds Investors of Quickly Approaching Lead Plaintiff Deadline in the United Parcel Service, Inc. Class Action

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SAN DIEGO, Nov. 25, 2024 /PRNewswire/ — Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities who purchased or otherwise acquired United Parcel Service, Inc. (NYSE: UPS) securities between January 30, 2024 and July 22, 2024. UPS is a multinational parcel delivery and supply chain management solutions company operating in more than 200 countries and territories.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

The Allegations: Robbins LLP is Investigating Allegations that United Parcel Service, Inc. (UPS) Misled Investors Regarding its Business Prospects

According to the complaint, during the class period, defendants created the false impression that they possessed reliable information pertaining to the Company’s projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations. In truth, UPS’ optimistic reports of growth, plans to handle volume variability, upcoming profit growth, and consistent claims that the first quarter would present the worst margins of the fiscal year fell short of reality; the Company was not truly equipped to handle a volume surge without causing a corresponding significant decline in their operating margin.

Plaintiff alleges that the truth emerged on July 23, 2024, when UPS announced its financial results for the second quarter of fiscal 2024, provided lower-than-expected guidance for the third quarter, and reduced its margin guidance for the full fiscal year 2024. The Company attributed its results and lowered guidance on the shift in “U.S. volume mix both in terms of product and customer segmentation . . . toward value products.”  On this news, the price of UPS common stock fell from $145.18 per share on July 22, 2024, to close at $127.68 per share on July 23, 2024, a decline of $17.50 per share, or about 12.05% according to the complaint.

What Now: You may be eligible to participate in the class action against United Parcel Service, Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by December 9, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.  You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses. 

About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.  Since our inception, we have obtained over $1 billion for shareholders.

To be notified if a class action against United Parcel Service, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising.  Past results do not guarantee a similar outcome.  

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SOURCE Robbins LLP

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