Anchorage Connector Market Size, Share, Opportunities, And Trends By Type (Type A, Type T, Type D), By Material (Steel, Aluminum, Others), By End-User (Construction, Oil & Gas, Mining, Energy & Utilities, Others), And By Geography - Forecasts From 2024 To 2029

The global anchorage connector market is projected to grow at a CAGR of 6.17%, from a market size of US$260.443 million in 2022 to US$395.973 million in 2029.

Anchorage connectors are designed to connect fast under the force during fall and increase the number of people working at a height. A steady growth in the anchoring connector market is anticipated throughout the forecast period. A device installed and intended to function as a safe point of attachment for personal fall prevention systems is known as an anchoring connector. These connections are essential for avoiding falls, protecting personnel at heights, and lowering the possibility of serious injuries or fatalities. As such, they may be utilized in the mining, oil and gas, construction, and energy and utility industries. The size of the anchoring connection market is growing due to laws protecting workers and rising dangers for employees in the oil and gas sector.

Global Anchorage Connector Market Drivers:

• The prevalence of injury in the end-user industries is expected to boost the anchorage connector market expansion.

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 increased deaths due to falls in the oil & gas industry positively impact the anchorage connector industry.

For instance, according to the International Association of Oil and Gas Producers (IOGP) report of June 2022, 20% of fatalities globally in the oil & gas industry were due to slips or falls from height in 2021.

• Increasing construction activities are anticipated to boost the demand for anchorage connectors globally.

Anchorage connectors are highly used to ensure the safety of workers at construction sites. These connectors are employed to secure lifelines, safety harnesses, and other fall protection systems that protect and prevent workers from falling or getting injured while working at heights. Growing investments in commercial and residential construction projects, infrastructure upgrades, and renovation activities contribute to the anchorage connector market’s growth.

 According to the European Construction Industry Federation 2022, in 2021, the total investment in the construction industry increased by 5.2% compared to the previous year. Further, as per AGC, construction, with over 919,000 establishments in Q1 2023, significantly contributed to the U.S. economy, employing 8 million and creating nearly $2.1 trillion worth of structures annually.

• A rise in government safety regulations will bolster the market for anchorage connectors.

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 started by the government to address workers’ safety, as well as the rising emphasis on proper usage of anchorage connectors, are driving the anchorage connector industry expansion.

The US Department of Labour organized a National Safety Stand-Down to Prevent Falls in Construction from May 6 to May 10, 2024. The event aims to raise fall hazard awareness nationwide to prevent fatalities and injuries. Elevated falls remain a leading cause of death for construction employees in the US, accounting for 395 out of 1069 recorded deaths in 2022.

Global Anchorage Connector Market Geographical Outlook

• The North American region is predicted to have 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 predicted that oil and natural gas investment in upstream production would reach $40.0 billion in 2023, an 11% increase from pre-Covid levels, boosting spending across Canada's economy.

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 made the contractors improve workplace safety by employing safety devices such as anchorage connectors, thereby accelerating the demand for anchorage connectors in the region.

Global Anchorage Connector Market Restraint:

• Lack of awareness and training about safety could hinder the market growth.

The significance of fall prevention systems and the function of anchoring connections may not be well understood in some sectors of the economy or some areas. The anchoring connector market’s expansion may be constrained by underutilization or incorrect usage of these connections due to a lack of training and awareness by employers and employees.

Global Anchorage Connector Market Developments:

• October 2023- Guardian expanded its top-selling anchor solutions globally, including the Beamer 2000, Beamer Trolley Anchor, Swivel Anchor, and A5 Concrete Expansion Anchor. These anchors were already ANSI Z359.18 certified and EN795 certified; they will be available in Europe and other countries that require EN certification from May 2024.
• April 2023- Werner, a global leader in ladders and fall protection equipment, introduced the R3 Concrete Anchor, a new addition to its fall protection portfolio. It is a safe, secure, and easy-to-install anchor designed for professionals working at height, providing a strong connection point while working on concrete structures.

Global Anchorage Connector Market Players and Products:

• 3M™ DBI-SALA® Web Scaffold Choker 1201394, 1 EA/Case- This product by 3M has high strength and durability to stand up to the toughest environments for use in multiple industries like oil and gas, construction, mining, wind energy transportation, and utilities. Anchorage connectors are crucial for fall protection systems, offering secure attachment points. The 2.5 ft. choker style anchor, created by durable polyester, is ideal for piping or scaffolding, featuring a high-strength steel D-ring and compact design.
• Parapet Anchor- The Parapet Anchor from Reliance Fall Protection is a crucial part of a personal fall arrest system, designed to be attached to vertical parapet walls to secure a self-retracting lifeline (SRL) or shock-absorbing lanyard (SAL) for a single worker. It is intended to be attached to a vertical structural member with a thickness of 1.5-15.5 inches, allowing the worker to use the anchor for fall arrest.
• Beamer® 2000- Guardian Fall’s Beamer® 2000 is a trailing anchorage connector that allows workers to traverse along or under beams without repositioning the anchor. It features durable bronze-manganese hooks, an oversized adjustment lever, and two models that fit beam flanges from 3 ½” to 16”. It also features a full-sized D-Ring connection point and snag-free operation.
• A5 CONCRETE EXPANSION ANCHOR: This product by Guardian Fall Protection is a popular 5,000-lb anchorage connector for concrete substrates. Its ergonomic thumb rest makes installation fast, easy, and comfortable.

 

• Miller Edge™:  This anchorage connector by Honeywell International Inc. is made to protect workers involved in leading-edge deck construction. On leading-edge deck construction, the system reduces the requirement for a temporary cable lifeline system or a safety monitor.

Market Segmentation:

The anchorage connector market is segmented and analyzed as below:

• By Type
  • Type A
  • Type T
  • Type D
• By Material
  • Steel
  • Aluminium
  • 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
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits for the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. ANCHORAGE CONNECTOR MARKET, BY TYPE

5.1. Introduction

5.2. Type A

5.2.1. Market Opportunities and Trends

5.2.2. Growth Prospects

5.3. Type T

5.3.1. Market Opportunities and Trends

5.3.2. Growth Prospects

5.4. Type D

5.4.1. Market Opportunities and Trends

5.4.2. Growth Prospects

6. ANCHORAGE CONNECTOR MARKET, BY MATERIAL

6.1. Introduction

6.2. Steel

6.2.1. Market Opportunities and Trends

6.2.2. Growth Prospects

6.3. Aluminium

6.3.1. Market Opportunities and Trends

6.3.2. Growth Prospects

6.4. Other

6.4.1. Market Opportunities and Trends

6.4.2. Growth Prospects

7. ANCHORAGE CONNECTOR MARKET, BY END-USER

7.1. Introduction

7.2. Construction

7.2.1. Market Opportunities and Trends

7.2.2. Growth Prospects

7.3. Oil & Gas

7.3.1. Market Opportunities and Trends

7.3.2. Growth Prospects

7.4. Mining

7.4.1. Market Opportunities and Trends

7.4.2. Growth Prospects

7.5. Energy & Utilities

7.5.1. Market Opportunities and Trends

7.5.2. Growth Prospects

7.6. Others

7.6.1. Market Opportunities and Trends

7.6.2. Growth Prospects

8. ANCHORAGE CONNECTOR MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.1.1. Market Opportunities and Trends

8.2.1.2. Growth Prospects

8.2.2. Canada

8.2.2.1. Market Opportunities and Trends

8.2.2.2. Growth Prospects

8.2.3. Mexico

8.2.3.1. Market Opportunities and Trends

8.2.3.2. Growth Prospects

8.3. South America

8.3.1. Brazil

8.3.1.1. Market Opportunities and Trends

8.3.1.2. Growth Prospects

8.3.2. Argentina

8.3.2.1. Market Opportunities and Trends

8.3.2.2. Growth Prospects

8.3.3. Others

8.3.3.1. Market Opportunities and Trends

8.3.3.2. Growth Prospects

8.4. Europe

8.4.1. Germany

8.4.1.1. Market Opportunities and Trends

8.4.1.2. Growth Prospects

8.4.2. UK

8.4.2.1. Market Opportunities and Trends

8.4.2.2. Growth Prospects

8.4.3. France

8.4.3.1. Market Opportunities and Trends

8.4.3.2. Growth Prospects

8.4.4. Spain

8.4.4.1. Market Opportunities and Trends

8.4.4.2. Growth Prospects

8.4.5. Others

8.4.5.1. Market Opportunities and Trends

8.4.5.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.1.1. Market Opportunities and Trends

8.5.1.2. Growth Prospects

8.5.2. UAE

8.5.2.1. Market Opportunities and Trends

8.5.2.2. Growth Prospects

8.5.3. Others

8.5.3.1. Market Opportunities and Trends

8.5.3.2. Growth Prospects

8.6. Asia Pacific

8.6.1. China 

8.6.1.1. Market Opportunities and Trends

8.6.1.2. Growth Prospects

8.6.2. Japan

8.6.2.1. Market Opportunities and Trends

8.6.2.2. Growth Prospects

8.6.3. South Korea

8.6.3.1. Market Opportunities and Trends

8.6.3.2. Growth Prospects

8.6.4. India

8.6.4.1. Market Opportunities and Trends

8.6.4.2. Growth Prospects

8.6.5. Australia

8.6.5.1. Market Opportunities and Trends

8.6.5.2. Growth Prospects

8.6.6. Others

8.6.6.1. Market Opportunities and Trends

8.6.6.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. 3M

10.2. FallTech

10.3. Guardian Fall Protection

10.4. Honeywell International Inc.

10.5. MSA Safety

10.6. Safewaze Inc.

10.7. Super Anchor Safety 

10.8. WernerCo

10.9. Reliance Fall Protection

3M

FallTech

Guardian Fall Protection

Honeywell International Inc.

MSA Safety

Safewaze Inc.

Super Anchor Safety 

WernerCo

Reliance Fall Protection