The number of construction workers with injuries that led them to have days away from work in the United States decreased in 2022 by over 1,000 cases. Additionally, there were ****** workers with injuries, which caused them to have job transfers or restrictions. Finally, there were around ****** employees with other recordable injury cases.

In 2022, the total number of accidents with fatalities in the construction industry amounted to *** cases. Construction work segment caused nearly *** fatal injuries to workers that year.

According to Cognitive Market Research, the global Construction Worker Safety market size was USD 3154.9 Million in 2022 andwill grow at a compound annual growth rate (CAGR) of 10.50% from 2023 to 2030. Growing work injuries and deaths to Provide Viable Market Output

The construction worker safety market is being driven by the alarming rise in work-related injuries and fatalities. As these incidents continue to surge, both regulatory bodies and construction companies are intensifying their focus on ensuring worker well-being. This escalation is propelling the demand for innovative safety solutions, including advanced personal protective equipment, real-time monitoring systems, and training programs.

Cority, a global enterprise environmental, health, and safety (EHS) software supplier, announced Connected Safety technology collaboration with 3M's Personal Safety Division. Connected Safety is a 3M Internet of Things (IoT) platform thatcombines digital and physical products to help organizations connect workers, places, and equipment to improve worker safety, compliance workflows, and safety process automation.

(Source:www.cority.com/news-media/collaboration-with-3m-to-accelerate-the-future-of-connected-ehs-management-and-worker-safety/)

The market is responding to the urgency of reducing these unfortunate occurrences, resulting in heightened investments and technological advancements aimed at safeguarding construction workers and mitigating the human and financial toll of such accidents.

Market Dynamics of Construction Worker Safety

Machine Translation Limitations to Hinder Market Growth

The construction worker safety market's growth is hindered by significant restraints tied to machine translation limitations. Inaccurate translations pose communication challenges, compromising vital safety instructions. Complex construction terminology and contextual nuances are often mishandled, risking misunderstandings that can lead to hazardous situations. Additionally, real-time translation systems may lag, impeding timely responses to emergencies. These limitations underscore the importance of refined translation technology and comprehensive training to ensure effective communication and uphold construction worker safety.

Impact of COVID – 19 on the Construction Worker Safety Market

The construction worker safety market faced significant challenges due to the COVID-19 pandemic. While the industry was deemed essential, projects were often delayed or scaled down, affecting worker safety measures. Supply chain disruptions hindered the availability of safety equipment and training resources, impacting overall safety protocols. Additionally, social distancing requirements altered on-site dynamics, potentially affecting communication and coordination. Despite these challenges, there emerged a heightened focus on technology-driven safety solutions, such as contactless check-ins, wearables for distancing monitoring, and virtual training. The market experienced a temporary setback, but innovation in response to pandemic-related challenges has paved the way for more resilient and tech-oriented safety practices in the construction sector. Introduction of Construction Worker Safety

Construction worker safety equipment is specially designed to keep workers safe from all kinds of hazards. The injuries can be minor or fatal at construction sites such as buildings, infrastructure, and industrial construction, as well as other construction utility works, increasing focus on occupational safety, technological advancements, stringent government regulations for workers health and safety, growing demand for personal protective equipments, and growing work injuries and deaths have raised workplace safety concerns.

These developments empower businesses to offer better-tailored solutions and services,which, in turn, contribute to the growth of the Construction Worker Safety industry.

For instance, increase in construction activities in both residential and commercial sector. Moreover, Middle East and Africa is projected to grow with healthy growth rate, due to introduction of many key events such as a FIFA World Cup 2022, Qatar and Dubai Expo 2020. This factor is estimated to accelerate the growth of the construction safety net market.

The graph illustrates the annual fatalities among construction workers in the United States from 2018 to 2023. The x-axis displays the years, labeled with abbreviated two-digit numbers from '18 to '23, while the y-axis represents the total number of deaths recorded each year. Over this five-year span, the fatalities range from a low of 951 in 2021 to a high of 1,066 in 2019. The data shows fluctuations in annual deaths, with a decrease in fatalities in 2020 and 2021 followed by an increase in 2022. The graph provides a visual representation of the trends in construction worker fatalities during this period.

Information provided pertains to all incidents under which a worker performing construction work suffered a work-related fatal injury. This data is collected by the NYSDOL per NY Lab L section 44 (https://law.justia.com/codes/new-york/2021/lab/article-2/44/).

In 2022, the median days away from work after a nonfatal work injury or illness in the construction industry stood at 12 days. The information industry had the highest number of median days away from work, at 17 days.

Introduction

Workplace Injury Statistics: Businesses in different fields are constantly worried about workplace injuries. They greatly affect productivity, morale, and general business operations since they come with huge costs, including human life loss and other financial costs. In 2023, approximately 2.8 million cases of workplace injuries were reported in the United States.

This is an increase of about 2% from 2022, indicating continued struggles with upholding security at places of work. The construction and manufacturing industries were among those hit hardest by this calamity, making up nearly 45% of all reported injuries. These could be caused by machines or even human beings, resulting in nasty accidents that might lead to death. The most commonly reported injuries include burns, overexertion, or falls. These are considered unexpected events that cannot be avoided at times. Therefore, measures should be put in place to prevent such unfortunate occurrences.

This is especially worrying because these sectors contribute significantly to the economy and have millions of workers employed there. An elaborate analysis of workplace injury statistics from 2023 and 2024 is presented in this article, and clear data suitable for market research professionals is provided.

In the financial year 2023/24, slips and falls made up most of the non-fatal injuries of employees in the construction industry in Great Britain. There were *** people due to falls from a height, while *** people were injured while handling, lifting or carrying something. Being stricken by a vehicle or a moving object were also common non-fatal accidents.

These are provisional figures and are subject to change.

In the 2023/24 reporting year, there were 51 fatal injuries to construction workers in Great Britain, the most of any industry sector. The industry with the second-highest number of fatalities was agriculture, which had 23.

The number of fatal work accidents in the construction sector in Portugal peaked in 2022, at ** deaths. In 2023, this figure dropped to ** mortal occurrences and, by October 2024, ** work-related deaths had taken place.

In 2023/24, there were approximately 33.7 million working days lost in Great Britain due to work-related injury or illness, compared with the previous year, which had 37 million working days lost. The amount of working days lost in 2019/20 was the highest in this provided time period, with 2010/11 having the fewest in this time period, at 25,950. In terms of overall sickness absence in the UK labor market, there were approximately 185.6 million working days lost in 2022, compared with 149.8 million in the previous year. Over 2.8 million on long-term sick leave in late 2023 In the fourth quarter of 2023, the number of people economically inactive in the UK due to being on long-term sick leave reached over 2.84 million, declining only slightly to 2.77 million a year later. It is thought that Long COVID is one of the main factors behind this increase, with an estimated 1.8 million people suffering from the condition in April 2022. There has also been a rise in the number of people taking sick leave due to mental health conditions, with approximately 313,000 on long-term sick leave in 2022 due to this reason, and a further 282,000 for depression, bad nerves, or anxiety. Where most workplace injuries happen The water supply and waste management industry had the highest rate of workplace injuries reported in Great Britain in 2023/24 at 804 injuries per 100,000 workers. During the 2022/23 reporting year, the industry with the highest number of fatal accidents in the workplace was construction, which had 51. When adjusted for the size of the workforce, however, construction was second to Agriculture, which had 7.51 fatal accidents per 100,00 workers. Overall, however, the number of people getting injured at work has fallen significantly in recent years. In 2000/01 for example, there were more than a million accidents, with this falling to just 604,000 in 2023/24.

Presents findings of an investigation of a workplace fatality that occurred in September 2022 in the construction and construction trades sector. A worker was installing a sewer pipe when the worker fell and suffered fatal injuries.

The global Occupational Safety and Health (OSH) market size was valued at USD 25,770 million in 2022 and is projected to register a CAGR of 3.8% from 2023 to 2030. The market growth can be attributed to the increasing awareness about worker safety, stringent government regulations, and the growing adoption of advanced technologies for accident prevention and risk management. The market is driven by factors such as the rising number of workplace accidents and illnesses, increasing awareness about employee safety and health, and the adoption of stringent regulations by governments globally. Key market trends include the rising adoption of wearable technology for employee protection, the growing demand for safety and health training programs, the increasing use of artificial intelligence (AI) for risk assessment and incident management, and the growing number of mergers and acquisitions in the industry. The construction segment held the largest market share in 2022 due to the high risk of accidents and injuries associated with construction activities. The work-induced stress segment is projected to register the highest CAGR during the forecast period due to the increasing workload and pressure on employees in various industries. The North American region is expected to dominate the market throughout the forecast period due to the high adoption of advanced safety technologies and stringent regulations. The Asia Pacific region is expected to witness the fastest growth during the forecast period due to the rapid industrialization and growing awareness about employee safety and health.

Site, type and causes of occupational injury among construction workers (n = 116).

In 2021, *** cases of occupational injuries in businesses in the construction sector recorded in the Philippines were non-fatal, while ** led to a fatal accident. The number of occupational injuries in construction-related businesses peaked in 2019.

According to Cognitive Market Research, the global ANZ Industrial Protective Footwear market size will be USD 58.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 23.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 17.5 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 13.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The EN ISO 20345 Standard held the highest ANZ Industrial Protective Footwear market revenue share in 2024.

Market Dynamics of ANZ Industrial Protective Footwear Market

Key Drivers for ANZ Industrial Protective Footwear Market

Employee Health and Safety Programs to Increase the Demand Globally

Companies are increasingly investing in health and safety programs to raise awareness among workers about the importance of protective footwear. In 2022, the number of preventable work-related deaths rose by 5%, reaching a total of 4,695. This significant increase is partly attributed to a 3.4% rise in hours worked, though other factors also contributed to the uptick in fatalities. The rate of preventable injury deaths increased to 3.2 per 100,000 workers, up from 3.1 in 2021. Additionally, there were 4.53 million medically consulted work-related injuries in 2022. This growing awareness of personal safety is driving demand for protective footwear. Both government and non-governmental organizations (NGOs) are conducting campaigns to emphasize the benefits of using ANZ Industrial Protective Footwear.

Growth in the Construction Sector to Propel Market Growth

The rapid growth in the construction sector, driven by urbanization and infrastructure projects, is boosting the demand for protective footwear. Under India's National Infrastructure Pipeline (NIP), there is a substantial investment budget of $1.4 trillion, with allocations of 24% for renewable energy, 18% for roads and highways, 17% for urban infrastructure, and 12% for railways. In Great Britain, the number of construction-related employees (excluding self-employment) increased by 3.3% in 2022 compared to 2021, reaching a total of 1.4 million workers. The largest growth contributor was England with a 3.5% increase, while Wales and Scotland each saw a 2.0% rise. Additionally, India’s robust mining sectors drive market growth, as there is a significant need for high-quality protective footwear to ensure the safety of workers in harsh mining environments.

Restraint Factor for the ANZ Industrial Protective Footwear Market

High Cost of Advanced Protective Footwear to Limit the Sales

Advanced protective footwear with enhanced safety features and ergonomic designs typically comes at a higher price point, which can deter small and medium-sized enterprises (SMEs) with limited budgets. Some businesses may perceive the high initial cost of advanced footwear as unjustifiable compared to the perceived benefits, leading to resistance to adopting these products. Additionally, smaller enterprises might lack awareness of the importance and benefits of ANZ Industrial Protective Footwear, resulting in lower adoption rates. Inadequate training on the proper use and benefits of protective footwear can also lead to underutilization and resistance among workers.

Impact of Covid-19 on the ANZ Industrial Protective Footwear Market

The pandemic resulted in temporary closures of manufacturing facilities, which led to production delays and a reduction in the availability of ANZ Industrial Protective Footwear. Additionally, global disruptions in supply chains impacted the sourcing of raw materials necessary for manufacturing protective footwear, resulting in slower production and higher costs. Lockdown meas...

This database that can be used for macro-level analysis of road accidents on interurban roads in Europe. Through the variables it contains, road accidents can be explained using variables related to economic resources invested in roads, traffic, road network, socioeconomic characteristics, legislative measures and meteorology. This repository contains the data used for the analysis carried out in the papers: 1. Calvo-Poyo F., Navarro-Moreno J., de Oña J. (2020) Road Investment and Traffic Safety: An International Study. Sustainability 12:6332. https://doi.org/10.3390/su12166332 2. Navarro-Moreno J., Calvo-Poyo F., de Oña J. (2022) Influence of road investment and maintenance expenses on injured traffic crashes in European roads. Int J Sustain Transp 1–11. https://doi.org/10.1080/15568318.2022.2082344 3. Navarro-Moreno, J., Calvo-Poyo, F., de Oña, J. (2022) Investment in roads and traffic safety: linked to economic development? A European comparison. Environ. Sci. Pollut. Res. https://doi.org/10.1007/s11356-022-22567 The file with the database is available in excel. DATA SOURCES The database presents data from 1998 up to 2016 from 20 european countries: Austria, Belgium, Croatia, Czechia, Denmark, Estonia, Finland, France, Germany, Ireland, Italy, Latvia, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and United Kingdom. Crash data were obtained from the United Nations Economic Commission for Europe (UNECE) [2], which offers enough level of disaggregation between crashes occurring inside versus outside built-up areas. With reference to the data on economic resources invested in roadways, deserving mention –given its extensive coverage—is the database of the Organisation for Economic Cooperation and Development (OECD), managed by the International Transport Forum (ITF) [1], which collects data on investment in the construction of roads and expenditure on their maintenance, following the definitions of the United Nations System of National Accounts (2008 SNA). Despite some data gaps, the time series present consistency from one country to the next. Moreover, to confirm the consistency and complete missing data, diverse additional sources, mainly the national Transport Ministries of the respective countries were consulted. All the monetary values were converted to constant prices in 2015 using the OECD price index. To obtain the rest of the variables in the database, as well as to ensure consistency in the time series and complete missing data, the following national and international sources were consulted: Eurostat [3] Directorate-General for Mobility and Transport (DG MOVE). European Union [4] The World Bank [5] World Health Organization (WHO) [6] European Transport Safety Council (ETSC) [7] European Road Safety Observatory (ERSO) [8] European Climatic Energy Mixes (ECEM) of the Copernicus Climate Change [9] EU BestPoint-Project [10] Ministerstvo dopravy, República Checa [11] Bundesministerium für Verkehr und digitale Infrastruktur, Alemania [12] Ministerie van Infrastructuur en Waterstaat, Países Bajos [13] National Statistics Office, Malta [14] Ministério da Economia e Transição Digital, Portugal [15] Ministerio de Fomento, España [16] Trafikverket, Suecia [17] Ministère de l’environnement de l’énergie et de la mer, Francia [18] Ministero delle Infrastrutture e dei Trasporti, Italia [19–25] Statistisk sentralbyrå, Noruega [26-29] Instituto Nacional de Estatística, Portugal [30] Infraestruturas de Portugal S.A., Portugal [31–35] Road Safety Authority (RSA), Ireland [36] DATA BASE DESCRIPTION The database was made trying to combine the longest possible time period with the maximum number of countries with complete dataset (some countries like Lithuania, Luxemburg, Malta and Norway were eliminated from the definitive dataset owing to a lack of data or breaks in the time series of records). Taking into account the above, the definitive database is made up of 19 variables, and contains data from 20 countries during the period between 1998 and 2016. Table 1 shows the coding of the variables, as well as their definition and unit of measure. Table. Database metadata Code Variable and unit fatal_pc_km Fatalities per billion passenger-km fatal_mIn Fatalities per million inhabitants accid_adj_pc_km Accidents per billion passenger-km p_km Billions of passenger-km croad_inv_km Investment in roads construction per kilometer, €/km (2015 constant prices) croad_maint_km Expenditure on roads maintenance per kilometer €/km (2015 constant prices) prop_motorwa Proportion of motorways over the total road network (%) populat Population, in millions of inhabitants unemploy Unemployment rate (%) petro_car Consumption of gasolina and petrol derivatives (tons), per tourism alcohol Alcohol consumption, in liters per capita (age > 15) mot_index Motorization index, in cars per 1,000 inhabitants den_populat Population density, inhabitants/km² cgdp Gross Domestic Product (GDP), in € (2015 constant prices) cgdp_cap GDP per capita, in € (2015 constant prices) precipit Average depth of rain water during a year (mm) prop_elder Proportion of people over 65 years (%) dps Demerit Point System, dummy variable (0: no; 1: yes) freight Freight transport, in billions of ton-km ACKNOWLEDGEMENTS This database was carried out in the framework of the project “Inversión en carreteras y seguridad vial: un análisis internacional (INCASE)”, financed by: FEDER/Ministerio de Ciencia, Innovación y Universidades–Agencia Estatal de Investigación/Proyecto RTI2018-101770-B-I00, within Spain´s National Program of R+D+i Oriented to Societal Challenges. Moreover, the authors would like to express their gratitude to the Ministry of Transport, Mobility and Urban Agenda of Spain (MITMA), and the Federal Ministry of Transport and Digital Infrastructure of Germany (BMVI) for providing data for this study. REFERENCES 1. International Transport Forum OECD iLibrary | Transport infrastructure investment and maintenance. 2. United Nations Economic Commission for Europe UNECE Statistical Database Available online: https://w3.unece.org/PXWeb2015/pxweb/en/STAT/STAT_40-TRTRANS/?rxid=18ad5d0d-bd5e-476f-ab7c-40545e802eeb (accessed on Apr 28, 2020). 3. European Commission Database - Eurostat Available online: https://ec.europa.eu/eurostat/data/database (accessed on Apr 28, 2021). 4. Directorate-General for Mobility and Transport. European Commission EU Transport in figures - Statistical Pocketbooks Available online: https://ec.europa.eu/transport/facts-fundings/statistics_en (accessed on Apr 28, 2021). 5. World Bank Group World Bank Open Data | Data Available online: https://data.worldbank.org/ (accessed on Apr 30, 2021). 6. World Health Organization (WHO) WHO Global Information System on Alcohol and Health Available online: https://apps.who.int/gho/data/node.main.GISAH?lang=en (accessed on Apr 29, 2021). 7. European Transport Safety Council (ETSC) Traffic Law Enforcement across the EU - Tackling the Three Main Killers on Europe’s Roads; Brussels, Belgium, 2011; 8. Copernicus Climate Change Service Climate data for the European energy sector from 1979 to 2016 derived from ERA-Interim Available online: https://cds.climate.copernicus.eu/cdsapp#!/dataset/sis-european-energy-sector?tab=overview (accessed on Apr 29, 2021). 9. Klipp, S.; Eichel, K.; Billard, A.; Chalika, E.; Loranc, M.D.; Farrugia, B.; Jost, G.; Møller, M.; Munnelly, M.; Kallberg, V.P.; et al. European Demerit Point Systems : Overview of their main features and expert opinions. EU BestPoint-Project 2011, 1–237. 10. Ministerstvo dopravy Serie: Ročenka dopravy; Ročenka dopravy; Centrum dopravního výzkumu: Prague, Czech Republic; 11. Bundesministerium für Verkehr und digitale Infrastruktur Verkehr in Zahlen 2003/2004; Hamburg, Germany, 2004; ISBN 3871542946. 12. Bundesministerium für Verkehr und digitale Infrastruktur Verkehr in Zahlen 2018/2019. In Verkehrsdynamik; Flensburg, Germany, 2018 ISBN 9783000612947. 13. Ministerie van Infrastructuur en Waterstaat Rijksjaarverslag 2018 a Infrastructuurfonds; The Hague, Netherlands, 2019; ISBN 0921-7371. 14. Ministerie van Infrastructuur en Milieu Rijksjaarverslag 2014 a Infrastructuurfonds; The Hague, Netherlands, 2015; ISBN 0921- 7371. 15. Ministério da Economia e Transição Digital Base de Dados de Infraestruturas - GEE Available online: https://www.gee.gov.pt/pt/publicacoes/indicadores-e-estatisticas/base-de-dados-de-infraestruturas (accessed on Apr 29, 2021). 16. Ministerio de Fomento. Dirección General de Programación Económica y Presupuestos. Subdirección General de Estudios Económicos y Estadísticas Serie: Anuario estadístico; NIPO 161-13-171-0; Centro de Publicaciones. Secretaría General Técnica. Ministerio de Fomento: Madrid, Spain; 17. Trafikverket The Swedish Transport Administration Annual report: 2017; 2018; ISBN 978-91-7725-272-6. 18. Ministère de l’Équipement, du T. et de la M. Mémento de statistiques des transports 2003; Ministère de l’environnement de l’énergie et de la mer, 2005; 19. Ministero delle Infrastrutture e dei Trasporti Conto Nazionale delle Infrastrutture e dei Trasporti Anno 2000; Istituto Poligrafico e Zecca dello Stato: Roma, Italy, 2001; 20. Ministero delle Infrastrutture e dei Trasporti Conto nazionale dei trasporti 1999. 2000. 21. Generale, D.; Informativi, S. delle Infrastrutture e dei Trasporti Anno 2004. 22. Ministero delle Infrastrutture e dei Trasporti Conto Nazionale delle Infrastrutture e dei Trasporti Anno 2001; 2002; 23. Ministero delle Infrastrutture e dei

According to Cognitive Market Research, The Global Process Safety Services market size was USD 16.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.80% from 2023 to 2030. What are the Most Significant Opportunities and Factors Influencing the Process Safety Services Market?

Rising of Industrial Accidents Drives the Market Expansion

The increasing incidence of big and minor industrial accidents has heightened awareness about the necessity of process safety. Companies are investing in safety measures to avoid accidents, save downtime, and maintain a favorable public image because contemporary enterprises are more concerned with delivering maximum outcomes and manufacturing efficiency than with producing safely; the frequency of accidents and catastrophic incidents has grown over time. Several variables, each dependent on the context, commonly cause accidents.

For instance, according to data from BBC News, industrial accidents kill hundreds of individuals yearly and severely handicap thousands more. In 2021, a federal minister told parliament that over the previous five years, at least 6,500 employees had died while working in factories, ports, mines, and construction sites. Labor campaigners with years of experience in the sector told the BBC that the statistics may be higher because many events are not reported or documented.

(Source:www.bbc.com/news/world-asia-india-62631699)

Because Europe is a highly industrialized region that might be used as a case study to illustrate global industrialization, the statistics could imply a global trend in industrial accidents. Nonetheless, as workplace mishaps increase, the demand for a medium to reduce accidents grows more pressing. The respective factors will drive the process safety market.

Improving Factory Management and Product Efficiency is Becoming Increasingly Important

Process safety services help manage the integrity of hazardous material handling operational systems and processes. It can aid in detecting, comprehending, managing, and preventing process-related problems. If an event happens during the production process, it can have a negative impact on the manufacturing process and product efficiency. In an accident, the product may leak or be damaged. However, by implementing process safety solutions, product loss may be reduced, and industrial efficiency can be increased, leading to rapid growth in the process safety services market.

According to a Manufacturing Institute report, one of the Biggest Causes of supply chain disruptions is insufficient production planning, which leads to increased costs and delayed delivery. 74% of firms reported at least one supply chain interruption the previous year, with 39% directly attributing it to inadequate production planning.

(Source:www.deskera.com/blog/effective-production-planning-manufacturing/)

The Factors Are Limiting the Growth Of The Web Hosting Services Market

Budget allocations and a lack of competent labor Limit Market Growth

Among the key market restrictions are inadequate budget allocation mechanisms and a lack of competent labor. Labor skills are critical in guaranteeing the safety of any industrial process, regardless of its risks. As a result, a lack of trained labor may increase the number of accidents. Furthermore, small and medium-sized organizations' budgets for critical safety do not contain expenditures for precise and fast incident monitoring. As a result, the budget scope may not be able to handle information security, technology, and workplace health properly, resulting in competing goals and a lack of collaboration. As a result, there is a scarcity of experienced labor and a lack of budget allocation for safety process management in small to medium-sized businesses.

Impact of COVID-19 on the Process Safety Services Market

Most sectors throughout the world have been badly impacted in recent months. This is due to major interruptions in their separate manufacturing and supply-chain activities caused by different precautionary lockdowns and other limitations imposed by regulatory bodies throughout the world. Furthermore, consumer demand has reduced as individuals are now more focused on minimizing non-essential expenses from their separate budgets since the general economic state of most people has been negatively impacted by this pandemic.

The COVID-19 pandemic and global...

Telehandler Market size was valued at USD 7.7 Billion in 2023 and is projected to reach USD 13.39 Billion by 2031, growing at a CAGR of 7.90% from 2024 to 2031.

The telehandlers are adaptable lifting equipment meant to perform a variety of jobs in construction, agriculture, and industrial environments. Telehandlers, also known as telescopic handlers, have a telescopic boom that can extend and retract, allowing them to carry and move goods to heights and distances that standard forklifts cannot reach. Their principal applications include lifting and placing big loads, reaching elevated heights, and moving in small spaces, making them indispensable for activities like material handling, lifting building materials, and loading/unloading goods. The technological improvements and increase in demand for efficient material handling solutions is upsurging the use of telehandlers. Electric and hybrid telehandlers, advanced automation, and improved telematics are projected to drive market expansion. The expansion of infrastructure projects, growth in the construction sector, and increased use of telehandlers in agricultural applications is likely to contribute to market growth. As companies aspire for increased productivity and sustainability, the evolution of telehandlers will play an important part in addressing these expectations by providing improved performance, versatility, and environmental friendliness.

Key Market Drivers: Growth in the Construction Industry: Telehandler market growth is primarily driven by the rising construction industry. According to the United States Census Bureau, the value of building projects in the United States will reach USD 1.792 Trillion in 2022, up 10.2% from 2021. This increase in construction activity directly correlates with increased demand for versatile equipment such as telehandlers. Increasing Adoption in Agriculture: Telehandlers are becoming more widely used in agriculture due to their versatility. The Food and Agriculture Organization (FAO) predicts that worldwide agricultural production will rise by 69% between 2010 and 2050 to fulfill rising food demand. This expansion is encouraging farmers to invest in efficient technology such as telehandlers to boost output. Emphasis on Workplace Safety: Telehandlers with enhanced safety features are in high demand due to strict restrictions in the workplace. In 2021, the US Bureau of Labor Statistics reported 5,190 fatal occupational injuries, 976 of which were in the construction industry. This emphasis on reducing workplace accidents is encouraging the use of safer material handling equipment, such as telehandlers.