Anchorage Connector Market - Forecasts from 2023 to 2028

The global anchorage connector market was valued at US$247.029 million in 2021

The anchorage connector market is expected to grow steadily during the forecast period. An anchorage connector is a device designed and installed to serve as a secure point of attachment for personal fall protection systems. These connectors can be used in construction, oil & gas, mining, and energy & utility sectors as they serve as vital components in safeguarding workers at elevated locations, preventing falls, and minimizing the risk of severe injuries or fatalities. The increasing risks for workers in the oil & gas industry and regulations to safeguard workers are expanding the anchorage connector market size.

Market Drivers

Injury Prevalence in The End-User Industries

Anchorage connectors play a crucial role in mitigating risks and ensuring the safety of workers, by providing secure attachment points for personal fall protection equipment. New oil refinery establishments with an increased number of deaths due to falls in the oil & gas industry positively impact the anchorage connector industry. For instance, the Mexican state oil company Pemex's refinery is anticipated to operate by mid-2023 to process 170,000 barrels per day (bpd) of crude oil. According to the International Association of Oil and Gas Producers (IOGP) report in 2021, 20% of fatalities globally in the oil & gas industry were due to slips or falls from height.

Increased Construction Activities

Anchorage connectors aid in ensuring the safety of workers at construction sites. These connectors are used to secure safety harnesses, lifelines, and other fall protection systems that prevent workers from falling or being injured while working at heights. Growing investments in commercial and residential construction projects, infrastructure upgrades, and renovation activities contribute to the anchorage connector market growth. According to the European Construction Industry Federation, in 2021, the total investment in the construction industry increased by 5.2% when compared to the previous year.

Government Safety Regulations

Government regulations often mandate the use of appropriate personal protective equipment (PPE) and fall protection systems, including anchorage connectors, to mitigate the risk of falls and injuries. The new programs and initiatives taken by the government to address workers’ safety coupled with the growing emphasis on proper anchorage connector usage are driving the anchorage connector market growth. In May 2023, the US Department of Labour inaugurated the "10th annual Stand Down to Prevent Falls in Construction" program where thousands of employers and millions of workers joined to educate about the dangers of construction falls and how to prevent them.

The North American region is expected to hold a significant market share

The North American region is anticipated to witness a notable CAGR during the forecast period due to the growing oil & gas industry, and worker safety regulations by the regional government. The Canadian Association of Petroleum Producers (CAPP) 2022, for instance, announced a 22% increase in natural gas & oil investment, and the spending in the sector was expected to reach $32.8 billion in 2022. Moreover, in December 2022, New York State passed legislation to increase the penalties for criminal corporate liability for the death or physical injury of an employee by a fine of $500,000. This makes contractors improve workplace safety by adopting safety devices like anchorage connectors, thereby accelerating the growth of the anchorage connector industry in the region.

Market Restraint - Lack of Awareness And Training About Safety

In some industries or regions, there may be a lack of awareness regarding the importance of fall protection systems and the role of anchorage connectors. Insufficient training and knowledge among workers and employers can result in underutilization or improper use of anchorage connectors, limiting anchorage connector market size. For instance, one of the key challenges in ensuring workplace safety and health in countries like India is the inadequate training and education of workers and supervisors, on safety and health issues.

Market Developments

• In June 2021: Werner acquired ClimbTech, a fall protection anchorage manufacturer to expand its range of fall protection anchorage connectors and improve its presence in the anchorage connector market.

Company Products

• 3M™ DBI-SALA® Coated Web Scaffold Choker 1201422, 1 EA: This product by 3M has high strength and durability to stand up to the toughest environments for use in multiple industries of including construction, mining, oil and gas, transportation, utilities, and wind energy.
• A5 CONCRETE EXPANSION ANCHOR: This product by Guardian Fall Protection is a popular 5,000 lb anchorage connector for concrete substrates and its ergonomic thumb rest makes installation fast, easy, and comfortable to use.
• Miller Edge™: This anchorage connector by Honeywell International Inc. is designed to protect workers engaged in leading-edge deck construction. The system reduces the need for a safety monitor or a temporary cable lifeline system on leading-edge deck construction.

Segmentation

By Type

• Type A
• Type T
• Type D

By Material

• Steel
• Aluminum
• Others

By End-User

• Construction
• Oil & Gas
• Mining
• Energy & Utilities
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Other