Analysis of the Fall Protection Equipment Market ASEAN & ANZ, 2014 (PR Newswire)

NEW YORK, May 6, 2015 /PRNewswire/ — Fall Protection Equipment (FPE) has always been a solution for workers at height in advanced countries. In Asia, Singapore, Australia, and New Zealand are such advanced countries whereas Malaysia, Thailand, the Philippines, Vietnam, and Indonesia are still developing and a different market dynamic is in place. Product segments covered are soft goods, hard goods, installed systems, access systems, and rescue equipment. The study also covers the different status in various end-user industries. Drivers and restraints for the fall protection equipment are also discussed and from these drivers and restraints, market forecast has been done. A competitive analysis elucidates major market participants and their market shares.

Key Findings

-The Association of Southeast Nations (ASEAN) market is still at an early stage of growth but it has huge potential.

-The market in the Australia and New Zealand (ANZ) region has reached maturity. Product quality, durability, reliability, and new technology utilization in products, together with low price are all critical to stay competitive, depending on the target end user.

-Low compliance in the use of Fall Protection Equipment (FPE) in ASEAN is a persistent issue that drags the ASEAN market (excluding Singapore). More stringent regulations and enforcement will drive the market to explosive growth.

-Increased education and promotion of fall protection equipment is required to be done among end users in ASEAN for the market to reach its full potential.

Read the full report: http://www.reportlinker.com/p02909289-summary/view-report.html

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