Frost & Sullivan: Strict Enforcement of Regulations Help Fall Protection Equipment Market Outpace Economy in North America

Frost & Sullivan: Strict Enforcement of Regulations Help Fall Protection Equipment Market Outpace Economy in North America PR Newswire MOUNTAIN VIEW, California, Sept. 6, 2012 - Low levels of safety regulation compliance indicates a huge untapped market MOUNTAIN VIEW, California, Sept. 6, 2012 /PRNewswire/ -- The low to moderate levels of compliance with health and safety regulations have hindered the growth of the fall protection market in North America. However, with regulatory bodies cracking down on non-compliant companies, the market for fall protection gear is set to accelerate. More stringent enforcement of safety regulations by the government, oil and gas commissions, the Occupational Safety and Health Act (OSHA), American National Standards Institute (ANSI), and Canadian Standards Association (CSA), is expected to continue during the next five to seven years. Analysis from Frost & Sullivan (http://www.materials.frost.com), North American Fall Protection Equipment Market, finds that the market earned revenues of $453.7 million in 2010 and estimates this to reach $670.5 million in 2017, at a compound annual growth rate of 5.7 percent. If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.