CONSTRUCTION SAFETY NET MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Construction Safety Net Market, By Product Type (Safety Nets, Debris Nets, Virus Protection Nets, Fire Escape Nets, and Trampoline Nets), By Material Type (Polyethylene, Polyester, Nylon, Kevlar, Steel, and Others), By End User (Construction, Government, Public Works, Oil and Gas, and Others), By Position/Placement (Horizontal, Vertical, Inclined, Perimeter, and Ballistic Nets), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)

Published In : Dec 2023
Code : CMI6233
Pages :150
Formats :
Excel and PDF
Industry : Construction Engineering

Construction Safety Net Market Size and Trends

The construction safety net market size is expected to reach US$ 5.88 Bn by 2030, from US$ 3.45 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 7.9% during the forecast period. Construction safety nets are protective mesh nets that are used in construction sites to safeguard workers against potential fall hazards. They prevent severe or fatal injuries by providing a secondary means of fall protection. Safety nets find widespread usage across building construction, bridge erection, tower installation, scaffolding, and other elevated work areas for fall prevention. The key market drivers are rising construction activities, stringent safety regulations, and increasing awareness.

Figure 2. Construction Safety Net Market Share (%), By Product Type, 2023

Construction Safety Net Market Trends

Customized safety solutions: Construction companies are increasingly seeking customized or purpose-built safety nets that are suitable for unique applications like inclined surfaces, circular structures, railings, temporary roofs and open trenches on sites. Manufacturers are thus offering made-to-order nets for specific projects as opposed to standardized products.
Multi-purpose safety nets: Construction firms prefer versatile multi-use safety nets that can serve various applications throughout different stages of projects to maximize Return on Investment. For instance, debris containment nets that are used during facade work can be repurposed as horizontal lifesaving nets later.
Sustainable and eco-friendly materials: Due to rising environmental awareness, the construction industry is transitioning towards sustainable materials and processes. This green trend is driving safety net manufacturers to utilize recycled, lower carbon footprint, and biodegradable materials in their products
Lightweight nets and accessories: Advanced polymer and composite technologies are enabling manufacturers to develop lightweight and high-strength safety netting systems. Lightweight nets are faster and easier to install while new engineered rope border materials like dyneema are remarkably durable despite being thinner.