Recreational Safety Harness Global Market Report 2023 – By Type (Full Body Harnesses, Sit And Work Harnesses, Children's Harnesses, Other Types), By End-Users (Commercial End-Users, Individual End-Users), By Application (Rock Climbing, High-Lining, Hunting, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

The recreational boating is used for leisurely, fun, and pleasure activities of travelling on water in a boat. A recreational boat is any vessel that is capable of active, self-propelled movement and is primarily employed for enjoyment, fishing, or commercial purposes. The main boat type in recreational boating market are yachts, sailboats, personal watercrafts, inflatables and others. The yachts recreational boating comprises of a boat having sails and, on rare occasions, an engine or a huge and usually costly vessel. The yachts are used for racing or for travelling around for pleasure. Different types of engine placements are outboards, inboards, and others use materials such as aluminum, fiberglass, steel and others. The various boat sizes include up to 20 ft., 21 ft. to 35 ft., and 36 ft. to 50 ft. for activities such as cruising, water sports, and fishing. The global recreational boating market is segmented - 1) By Boat Type: Yachts, Sailboats, Personal Watercrafts, Inflatables, Other Boats 2) By Engine Placement: Outboards, Inboards, Other Engine Placements 3) By Material Type: Aluminum, Fiberglass, Steel, Other Materials 4) By Boat Size: Up to 20 Ft., 21 Ft. to 35 Ft., 36 Ft. to 50 Ft. 5) By Activity Type: Cruising, Water Sports, Fishing The global recreational boating market size will grow from $28.71 billion in 2022 to $31.04 billion in 2023, at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global recreational boating is expected to grow to $44.04 billion in 2027 at a CAGR of 9.1%. The growing tourism industry will propel the growth of the recreational boating market. The tourism sector, sometimes known as the travel industry, is associated with individuals travelling to other regions, either locally or globally, for leisure, social, or business reasons. It is inextricably linked to the hotel, hospitality, and transportation industries, and much of it revolves around keeping visitors happy, amused, and well-equipped during their time away from home. In 2021, according to the report published by Invest India, The travel and tourism industry is predicted to rise to USD 512 billion by 2028. According to the report published by World Tourism Organization (UNWTO) in 2020, globally, 1.5 billion international tourist arrivals were recorded. A 4% growth over the previous year is expected for 2020, establishing tourism as a prominent and resilient economic industry. Therefore, the growing tourism industry drives the growth of the recreational boating market. Major players in the recreational boating market are Azimut Benetti Group, Brunswick Corporation, Groupe Beneteau, Sunseeker International Limited, Hobie Cat Company Inc., White River Marine Group, Yamaha Motor Co. Ltd., American Sail Inc., Marine Products Corporation, Mastercraft Boat Holdings Inc., Polaris Inc., Ferretti, Princess, MacGregor, Hunter, Maverick Boat Group Inc., (Malibu Boats), Baja Bound Insurance Services Inc., Catalina Yachts, Grady-White Boats Inc., Chaparral Boats Inc., (Marine Products Corporation), Edenton Boatworks LLC, Baja Marine, Bayliner, Mahindra & Mahindra Ltd., Carnival Corporation & plc, Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings Ltd. New product development is a key trend gaining popularity in the recreational boating market. Companies are developing new products to support the recreational boating market. New product launches help players in expanding their product portfolio, acquire new customers, and enhancing their market presence. For instance, in June 2021, Sunseeker a UK-based company specializing in making luxury motor yachts has launched their new 100 yacht, which features a master suite, private bow terrace, sunbathing hideaways, and luxurious furnishings. The yacht is powered by the best engines MTU 12V 2000 M96X and MTU 16V 2000 M96L and it can also accommodate smaller jet boats for water activities. This new model boasts several industry-first features and entertainment possibilities, including an open-plan bow to stern entertainment flybridge and a king Stateroom with private access to the bow terrace. In October 2021, Groupe Beneteau, a France-based company specializing in recreational boats has acquired Starfisher for an undisclosed amount. The acquisition strengthens the Group Beneteau to develop a foothold in Portugal and increase its position in the 25- to 35-foot powerboat sector and also will be able to expand our small motorboat production capacity and establish ourselves in Portugal as a result of this acquisition. Starfisher is a Portugal-based company that designs and builds motorboats. North America was the largest region in the recreational boating market in 2022. The regions covered in the global recreational boating market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the recreational boating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The recreational boating market includes revenues earned by entities by towboats, fishing boats, sailboats, cabin cruisers and pontoon boats. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The recreational boating market research report is one of a series of new reports from The Business Research Company that provides recreational boating market statistics, including recreational boating industry global market size, regional shares, competitors with a recreational boating market share, detailed recreational boating market segments, market trends and opportunities, and any further data you may need to thrive in the recreational boating industry. This recreational boating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Boat building and repairing refers to designing and constructing boats, as well as their systems and comprise of altering and repairing the boat parts. The main types in the boat building and repairing market are boat building and boat repairing. The boat building and repairing market refers to the facility that is used primarily for the maintenance and construction of boats. The various propulsion systems include motorboats and sailboats. These are used for private use, commercial use, and military use. The global boat building and repairing market is segmented - 1) By Type: Boat Building, Boat Repairing 2) By Propulsion: Motor Boats, Sail Boats 3) By Application: Private Use, Commercial Use, Milatary Use The global boat building and repairing market size grew from $38.16 billion in 2022 to $41.36 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global boat building and repairing market is expected to grow to $56.29 billion in 2027 at a CAGR of 8.0%. Advances in technology are expected to be a continued driver of market growth in the forecast period. The global boat building and repairing industry has experienced many technological advances in the last decade, and this trend is expected to intensify. The new features to expect in boats include autonomous driving; black finishing; wellness features; modern lighting; driver override systems; comprehensive tracking; active health monitoring; and reconfigurable body panels. These innovations are expected to drive the boat building and repair market during the forecast period. Major companies in the boat building and repairing market include BRP Inc., Berkshire Hathaway Inc., BRUNSWICK CORPORATION, Fincantieri SpA, Groupe Beneteau, Daewoo shipbuilding & marine engineering, Malibu Boats, Polaris, MasterCraft Boat Holdings, and Marine Products Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the boat building and repair market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak harmed businesses throughout 2020 and into 2021. However, it is expected that the boat building and repairing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Boatbuilding companies are increasingly using 3D printing technology in the manufacture of boats. 3D printing involves the building of three-dimensional objects using a digital model by laying down successive layers of material. 3D printing provides boat manufacturers with advantages such as adjustability, cost reduction, and convenience. Manufacturing companies are focusing on new products, especially for fishing and water sports. Many high-end yachts are already using 3D printed parts. For instance, in the USA, the UMaine (University of Maine) team built the largest 3D printed boat using the largest prototype polymer 3D printer. Asia-Pacific was the largest region in the boat building and repairing market share in 2022. North America was the second-largest region in the boat building and repairing market. The regions covered in the global boat building and repairing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries in the boat building and repairing market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The boatbuilding and repairing market include revenues earned by entities by constructing hulls of boats and, for sailboats, the masts, spars and rigging. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The boat building and repairing market research report is one of a series of new reports from The Business Research Company that provides boat building and repairing market statistics, including boat building and repairing industry global market size, regional shares, competitors with a boat building and repairing market share, detailed boat building and repairing market segments, market trends and opportunities, and any further data you may need to thrive in the boat building and repairing industry. This boat building and repairing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Boat repairing is the service provided after the sale of the boats because it involves giving the boat regular maintenance. The main types in the boat repairing market are recreational boats, commercial boats, military boats, and other types. Recreational boats refer to boats that are used for recreational purposes. The various propulsion systems include motorboats and sailboats. These provide services such as collision damage, fire damage, submergence, groundings, and transport damage. The global boat repairing market is segmented - 1) By Type: Recreational Boats, Commercial Boats, Military Boats, Other Types 2) By Propulsion: Motor Boats, Sail Boats 3) By Services: Collision Damage, Fire Damage, Submergence, Groundings, Transport Damage The global boat repairing market size will grow from $5.56 billion in 2022 to $6.17 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global boat repairing is expected to grow to $9.22 billion in 2027 at a CAGR of 10.6%. The increasing demand for recreational boats is anticipated to boost the demand for the boat-building market. Recreational boating is a popular leisure activity across the globe. Many people participate in recreational boating activities such as water skiing, fishing, and travel. For instance, in 2021, The National Marine Manufacturers Association (NMMA), representing North American recreational boat, engine, and marine accessory producers, reports that retail unit sales of new powerboats in the U.S. grew last year by approximately 12% compared to 2019. More than 310,000 new powerboats were sold in 2020, which is a record for the recreational boating industry. The surge in recreational boating is likely to contribute to the demand for growth of the boat repair market. Major players in the boat repairing market are Brunswick, Riviera, Holyhead Boatyard, Ancasta International Boat Sales, Survitec Survival Craft, Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries, and General Dynamics. The maritime industry, which includes shipping, boating, and sailing activities, is one of the industries that has been majorly impacted due to the spread of the COVID-19 disease. This epidemic has halted boating repair and related activities due to the shutdown of facilities. All commercial and marine recreational activities and personal pleasure boats have also been suspended to control the spread of the coronavirus. According to Willis Towers Watson insights, over 3 billion citizens have been placed under lockdown, causing economic activity to slow and the global economy to sink by -3.0%. The delay in re-establishing the supply chain networks and logistics capabilities will impact the boat building and repairing industry. Robots are used in many activities in the maritime industry, from cleaning and maintenance to full-fledged driverless craft, to reduce human risk and increase process efficiency. For instance, the Robotic Hull Bio-Inspired Underwater Grooming Tool, also called the Hull BUG, is a small robot that attaches to the underside of a vessel to clean the surface. According to Sea Robotics estimates, 5% of fuel efficiency from regular cleanings saves about $15 billion per year in fuel costs and reduces 1 billion tonnes of greenhouse gas emissions. Robots are expected to offer green and eco-friendly benefits. Therefore, advanced robotics that is influencing maritime operations is a key trend in the maritime industry. Asia-Pacific was the largest region in the boat repairing market in 2022. North America was the second-largest region in the global boat repairing market share. The regions covered in the global boat repairing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the boat repairing market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The boat repairing market include revenues earned by entities by repairing sport fishing boats, motorboats, sailboats, pontoon boats, bay boats, runabouts, and watersport boats. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The boat repairing market research report is one of a series of new reports from The Business Research Company that provides boat repairing market statistics, including global market size, regional shares, competitors with a boat repairing market share, detailed boat repairing market segments, market trends and opportunities, and any further data you may need to thrive in the boat repairing industry. This boat repair market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Pipeline safety refers to a set of responsibilities that apply to all pipelines. Integrating pipeline security into the pipeline infrastructure helps monitor, control, and analyze main network connectivity. The main types of components for the pipeline safety market are solutions and services. Solutions include premier intrusion detection, secure communication, SCADA for pipeline, pipeline monitoring system, and industrial control system security. Premier intrusion detection is a network security technology which have fence mounted sensor to detect any form of intrusion from the perimeter and help in allowing critical time for security teams to respond to unauthorized intrusions. Secure connection is when two parties are communicating and not allowing the third party to listen to it. SCADA (supervisory control and data acquisition) for a pipeline is used to detect the error and for transferring the information and necessary data for the operation of the pipeline facility through communication networks. The pipeline monitoring system includes dashboards to visualize the metrics of the pipeline functionality, industrial control system security helps to strengthen cybersecurity. The services used in pipeline safety are professional and pipeline integrity management services. The services are used by natural gas, crude oil, refined products, and others. The global pipeline safety market is segmented - 1) By Component: Solutions, Services 2) By End User: Natural Gas, Crude Oil, Refined Products, Other End Users 3) By Application: Onshore, Offshore The global pipeline safety market size will grow from $8.57 billion in 2022 to $9.5 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the pipeline safety is expected to grow to $14.02 billion in 2027 at a CAGR of 10.2%. The increase in demand for oil and gas leads to the development of pipeline infrastructure, which eventually drives the growth of the pipeline safety market. For instance, in January 2021, the Government of India announced the plan to spend $60 billion for establishing gas infrastructures such as pipelines, liquefied natural gas terminals, and city gas distribution networks. In 2020, the United States imported around 7.86 MMb/d of petroleum, which included 5.88 MMb/d of crude oil and 1.98 MMb/d of noncrude petroleum liquids and refined petroleum products. The rise in the usage of piped gas lines contributes to the demand for the pipeline safety market growth. Major players in the pipeline safety market are BAE Systems, Siemens AG, Schneider Electric SE, Honeywell International Inc., General Electric, ABB Group, Huawei Technologies Co. Ltd., AVEVA, Senstar, Perma-Pipe, Future Fiber Technologies, Leater, Total Safety, TTK, Rockwell Automation Inc., Cisco Systems, HCL Technologies, and ESRI Inc. The use of artificial intelligence (AI) for detecting issues in the pipeline is a key trend in the pipeline safety market. The technologies like artificial intelligence (AI), and leak detection software improve pipeline security and safety. For instance, in April 2021, ABB Ltd., a Switzerland-based technology company, introduced HoverGuard, a mobile gas leak detection system for the detection of odorless and invisible gas leaks in pipeline systems. HoverGuard is an unmanned aerial vehicle (UAV)-based system that uses laser-based sensing technology and sophisticated data analytics to detect, quantify and map leaks from natural gas distribution and transmission pipelines, by gathering lines, storage facilities, and other potential sources quickly to generates comprehensive digital reports automatically to offer safety and reliability. In August 2022, Baker Hughes Company, a US-based multinational industrial service company acquired Quest Integrity for an undisclosed amount. Through this acquisition, Baker Hughes Company aims to expand its portfolio in asset inspection solutions for the energy and industrial sectors. Quest Integrity is a US-based asset integrity and reliability management solutions, provider. North America was the largest region in the pipeline safety market in 2022. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the pipeline safety report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the pipeline safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The pipeline safety market includes revenues earned by entities by offering software technology and solutions to protect and secure pipelines that carry energy products such as crude oil, natural gas, and other fuels. Integration of pipeline safety into pipelines allows monitoring and controlling of the main network connectivity and has various benefits such as reduced liability, less insurance cost, and low administration cost. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The pipeline safety market research report is one of a series of new reports from The Business Research Company that provides pipeline safety market statistics, including pipeline safety industry global market size, regional shares, competitors with a pipeline safety market share, detailed pipeline safety market segments, market trends and opportunities, and any further data you may need to thrive in the pipeline safety industry. This pipeline safety market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive safety systems are devices that minimize the risk of injuries, help prevent accidents and mitigate the impacts of collisions. These systems are designed to either work automatically or require drivers to activate them when desired. Common automotive safety systems include seatbelts, airbags, collapsible steering columns, occupant sensing systems, traction control, tire pressure monitors, anti-lock braking systems (ABS), lane departure warning systems (LDWS), and others. Active safety systems aid in preventing car crashes. Passive safety systems are designed to assist in preventing car crashes. Active systems are proactive safety measures that manage steering, braking, and propulsion to help avoid accidents. The automotive safety systems are for vehicle types such as passenger cars and commercial vehicles and are used by end-users such as OEMs and aftermarkets. The global automotive safety systems market is segmented – 1) By Type: Active Safety System, Passive Safety System 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By End User: OEM, Aftermarket The global automotive safety systems market size will grow from $106.98 billion in 2022 to $118.12 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive safety systems market is expected to grow to $173.43 billion in 2027 at a CAGR of 10.1%. The increasing demand for electric vehicles is expected to put pressure on automotive safety systems during the forecast period. Electric vehicles require safety features such as adaptive cruise control (ACC), blind spot warning, auto braking, lane assist, and others, which drive the market. For instance, in 2021, electric car sales doubled to 6.6 million from 3 million in 2020. Hence, the growing demand for electric vehicles is expected to generate more demand for automotive safety systems, thus driving the market during the period. Major players in the automotive safety systems market are Autoliv Inc., Continental AG, ZF Friedrichshafen AG, Valeo, Mobileye, Robert Bosch GmbH, Infineon Technologies AG, Knorr-Bremse AG, Nihon Plast Co., Ltd., Toyoda Gosei Co., Ltd., Delphi Automotive PLC., Magna International, Takata Corporation, Grammer AG, Lear Corporation, Johnson Controls, Toyota Boshoku, Hella KGaA Hueck & Co., Bendix Commercial Vehicle Systems LLC, WABCO Vehicle Control System, Ford Motor Company, and Joyson Safety Systems. New technological developments are a key trend gaining popularity in the automotive safety systems market. The automotive industry is increasingly focusing on integrating smarter and safer safety systems into vehicles for better safety in different terrains and conditions. For instance, in January 2022, Sweden-based truck manufacturer Volvo Vehicles introduced Active Grip Control, a unique safety feature for electric trucks. The new technology significantly improves acceleration, stability, and braking in slippery conditions. The new safety feature also decreases the risk of oversteering and jackknifing when driving unloaded. In May 2020, The ZF Friedrichshafen AG Company, a Germany-based technology company, acquired WABCO for an undisclosed amount. The transaction will allow ZF to become a world leader in commercial automotive systems and improve the existing digital platforms in the market. WABCO Vehicle Control Systems is a US-based company that provides electronic braking, stability, suspension, and transmission automation systems for heavy-duty commercial vehicles. North America will be the largest region in the automotive safety systems market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive safety systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive safety systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive safety systems market of sales of seatbelts, airbags, collapsible steering columns, occupant sensing systems, traction control, tire pressure monitors, anti-lock braking systems (ABS), and lane departure warning systems (LDWS).Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive safety systems market research report is one of a series of new reports from The Business Research Company that provides automotive safety systems market statistics, including automotive safety systems industry global market size, regional shares, competitors with an automotive safety systems market share, detailed automotive safety systems market segments, market trends and opportunities, and any further data you may need to thrive in the automotive safety systems industry. This automotive safety systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electrical safety personal protective equipment are used to protect the workers from electrical hazards. It is a safety device used to reduce electrical exposure causing severe mortality in an industry or workplace. It has features including tear-resistance and dimension change, flame resistance and flame propagation, and thermal arc resistance. The main types of products in electrical safety personal protective equipment are head protection, eye and face protection, hearing protection, protective footwear, hand protection, arc rated clothing. Eye protection is a type of personal protective equipment (PPE) designed to prevent injury to the eye; Face protection is a variety of personal protective equipment (PPE) that is designed to shield the entire face. It is applied in shock hazard and arc flash hazard applications, that are used in the different sectors include electrical, automotive, oil and gas, machinery, construction, mining, and other end users. The global electrical safety personal protective equipment market is segmented - 1) By Product Type: Head Protection, Eye And Face Protection, Hearing Protection, Protective Footwear, Hand Protection, Arc Rated Clothing 2) By Application: Shock Hazard, Arc Flash Hazard 3) By End-User: Electrical, Automotive, Oil and Gas, Machinery, Construction, Mining, Other End Users The global electrical safety personal protective equipment market size grew from $13.14 billion in 2022 to $14.56 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The global electrical safety personal protective equipment market size is expected to grow to $19.94 billion in 2027 at a CAGR of 8.2%. Growth in industrialisation is significantly contributing to the growth of the electrical safety personal protective equipment market. Industrialisation is the process of transformation of any economy from agricultural to manufacturing of goods by developing industries. The growth in various industries is increasing the electricity demand as well as promoting the use of electrical safety personal protective equipment to protect the workers from electrical hazards. For instance, according to the Trading Economics report, in February 2022, industrial production in the United States climbed by 7.5% year over year, the largest yearly growth since June 2021. Therefore, the growth in industrialisation is promoting the growth of the electrical safety personal protective equipment market. Major players in the electrical safety personal protective equipment market are Honeywell International Inc., Ansell Ltd., Baymro Safety China, COFRA S.r.l. 3M, Kimberly-Clark, UVEX Group, MSA, Mallcom, Udyog, Paulson Manufacturing, Rock Fall (UK) Ltd., National Safety Apparel, Chicago Protective Apparel Inc., Cintas Corporation, and Sibille Fameca Electric. Strategic partnerships and collaborations have emerged as a key trend gaining popularity in the electrical safety personal protective equipment market. Key players in the market are focusing on partnerships and collaborations to reinforce their position. For instance, in August 2020, BASF, a US-based chemicals company, partnered with Maincal, an Argentina-based shoe factory, to launch of first safety shoe made with Expanded Thermoplastic Polyurethane (E-TPU), Infinergy with compression technology in South America. It is designed for workers in automotive, logistics, food industries, and other challenging work areas. Also, In March 2021, Unisync Corp., a Canada-based provider of corporate apparel and protective garments, announced a strategic partnership with Mark's, a Canada-based clothing and footwear retailer specializing in casual and industrial wear, to deliver branded safety boots across its large scale managed clothing uniform contracts, beginning with one of the company's major airline clients. With this collaboration with Mark's, Unisync can now expand their product offering to include footwear in a service-oriented approach. In April 2021, Honeywell, a US-based conglomerate corporation, acquired Norcross Safety Products for $1.2 billion. This acquisition will provide Honeywell with a complete platform in a fragmented, global segment which is expected to yield substantial growth opportunities. Norcross Safety Products is a US-based company that manufactures personal protective equipment. Asia-Pacific was the largest region in the electrical safety personal protective equipment market in 2022. The regions covered in the electrical safety personal protective equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electrical safety personal protective equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The electrical safety personal protective equipment market consists of sales gloves, boots, protective hoods, safety glasses. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electrical safety personal protective equipment market research report is one of a series of new reports from The Business Research Company that provides electrical safety personal protective equipment market statistics, including electrical safety personal protective equipment industry global market size, regional shares, competitors with an electrical safety personal protective equipment market share, detailed electrical safety personal protective equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electrical safety personal protective equipment industry. This electrical safety personal protective equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fire safety equipment is a collection of tools and appliances used to extinguish fires. It can be utilized by professional firefighters and untrained users on the site of a fire, or it can be integrated into the infrastructure of a building (such as a sprinkler system). The main types of products in fire safety equipment are extinguishers, fire hydrants, respirators, and other products. A fire extinguisher is a portable device used to put out a small fire by directing onto it a substance that cools the burning fire, deprives the flame of oxygen, or interferes with the chemical reactions occurring in the fire flame. The solutions include fire detection and suppression and involve various technologies such as active and passive fire safety systems. These are used in commercial, industrial, and residential applications. The global fire safety equipment market is segmented - 1) By Product: Extinguisher, Fire Hydrant, Respirator, Other Products 2) By Solution: Fire Detection, Fire Suppression 3) By Technology: Active Fire Safety Systems, Passive Fire Safety Systems 4) By Application: Commercial, Industrial, Residential The global fire safety equipment market size grew from $42.47 billion in 2022 to $45.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the fire safety equipment market is expected to grow to $58.32 billion in 2027 at a CAGR of 6.3%. The rapid growth of the construction industry is expected to propel the growth of the fire safety equipment market going forward. Construction is the process of building, altering, repairing, remodelling, improving, or demolishing any structures. Fire safety equipment is widely used at the construction site to protect the user from fire. For instance, according to Invest India, an India-based investment promotion and facilitation agency, the construction industry is expected to reach $1.4 trillion by 2025. Furthermore, by 2030, India's real estate business would be worth $1 trillion, contributing 13% of the country's GDP. Therefore, the rapid growth of the construction industry drives the growth of the fire safety equipment market. Major players in the fire safety equipment market are Bosch Security System Inc., Hamla PLC, Hochiki Corporation, Honeywell International Inc., Johnson Controls International PLC., Napco Security Technologies Inc., Siemens Building Technologies pvt. Ltd., Gentex Corporation, Eaton Corporation Inc., Nittan Company Ltd., Space Age Electronics, Lowa Fire Equipment Company, Hiren Industrial Corporation, Larsen Manufacturing, and NAFFCO. Strategic partnerships have emerged as a key trend gaining popularity in the fire safety equipment market. Major companies operating in the fire safety equipment sector are focused on new partnerships to strengthen their position. For instance, in July 2021, MSA Safety Incorporated, a US-based manufacturer of safety products, partnered with Perspective Robotics AG, a Switzerland-based aerial robotics design and manufacturing firm. Through this partnership, the two companies will work together to increase fire scene situational awareness locally and remotely. Further, in November 2020, the American University of Sharjah, a UAE-based institution, partnered with Emirates Fire Fighting Equipment Factory LLC, a UAE-based firefighting equipment factory. Through this partnership, these two companies will work together in areas of research, student internships, fire protection engineering, and community awareness initiatives. In January 2021, CertaSite, a US-based company that provides fire protection services, acquired Great Lakes Fire & Safety Equipment Company for an undisclosed amount. This deal helps the company develop its customer base and expand into new markets under CertaSite. Great Lakes is a US-based company that manufactures fire extinguishers. North America was the largest region in the fire safety equipment market in 2022. The regions covered in the fire safety equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fire safety equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The fire safety equipment market consists of sales of fire bucket, fire hydrants and water mist systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fire safety equipment market research report is one of a series of new reports from The Business Research Company that provides fire safety equipment market statistics, including fire safety equipment industry global market size, regional shares, competitors with a fire safety equipment market share, detailed fire safety equipment market segments, market trends and opportunities, and any further data you may need to thrive in the fire safety equipment industry. This fire safety equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Functional safety is a component of a system's or equipment's overall safety, and it focuses on electronics and their accompanying software, which must respond to their inputs correctly and should also have predictable failure answers. It is used to automatically prevent and control dangerous failures when they occur. Functional safety provides manufacturers the ability to operate closer to their margins with confidence in a well-defined functional safety environment. The main types of offerings in functional safety are component and services. Service may assist in minimizing risk and optimizing systems in a variety of ways, including product design, safety chain management, performance and safety assessments, and more. The different systems include emergency shutdown systems (ESD), fire and gas monitoring systems, high integrity pressure protection systems (HIPPS), burner management systems (BMS), and turbomachinery control (TMC), and are used in several industries such as oil and gas, power generation, chemicals, food and beverages, water and wastewater, pharmaceuticals, metal and mining, and others. The global functional safety market is segmented - 1) By Offering: Component, Service 2) By System: Emergency Shutdown System (ESD), Fire and Gas Monitoring System, High Integrity Pressure Protection System (HIPPS), Burner Management System (BMS), Turbomachinery Control (TMC) 3) By Industry: Oil and gas, Power Generation, Chemicals, Food and Beverages, Water and Wastewater, Pharmaceuticals, Metal and Mining, Other Industries The global functional safety market size will grow from $5.11 billion in 2022 to $5.49 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the functional safety is expected to grow to $7.13 billion in 2027 at a CAGR of 6.7%. Rising demand for safety systems in the oil and gas industry is expected to propel the growth of the functional safety market going forward. The number of accidents in the oil and gas industry is increasing due to explosions and fires, slips and falls, operating heavy machinery, temperature extremes, and exposure to toxic chemicals. Major players in the oil and gas industry are adopting safety systems. For instance, according to the International Association of Oil and Gas Producers (IOGP) report, accidents in the oil and gas industry reveal that the number of accidents has decreased from 25% in 2019 to 14% in 2020. This is mainly due to increased awareness of safety standards and the use of functional safety equipment at the sites. Thus, the increasing demand for safety systems in the oil and gas industry is contributing to the functional safety market growth. Major players in the functional safety market are Siemens AG, ABB Ltd., Honeywell International Inc., General Electric Co., Schneider Electric SE, Rockwell Automation Inc., Emerson Electric Co., TUV Rheinland, HIMA Paul Hildebrandt GmbH, Endress+Hauser Management AG, Intertek's, Omron Corporation, Yokogawa Electric Corporation, DEKRA Group, and Balluff. Technological advancements have emerged as a key trend gaining popularity in the functional safety market. Major companies operating in the functional safety sector are adopting new technological solutions to sustain their position. For instance, in October 2020, Honeywell International, Inc., a US-based technology and manufacturing company, launched the first tools from its new Connected Life Safety Services (CLSS) suite. It is the first all-in-one cloud platform for fire safety systems that allows fire technicians to reduce time spent on design, installation, commissioning, inspection, maintenance, and reporting of life safety systems while minimizing disruption. In January 2021, ERM, a UK-based company that provides safety services, acquired Engineering Safety Consultants (ESC) for an undisclosed amount. Through this acquisition, ECS aims to enhance its capabilities and capacity in terms of technology and process safety services. Engineering Safety Consultants is a UK-based company that provides functional safety services, helping clients with risk, reliability, and SIL studies. North America was the largest region in the functional safety market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the functional safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the functional safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The functional safety market includes revenues earned by entities by providing services such as risk management services, industrial machinery maintenance services, process and control equipment funcations, system maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The functional safety market research report is one of a series of new reports from The Business Research Company that provides functional safety market statistics, including functional safety industry global market size, regional shares, competitors with a functional safety market share, detailed functional safety market segments, market trends and opportunities, and any further data you may need to thrive in the functional safety industry. This functional safety market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.