Workplace Safety Global Market Report 2024

Description

Workplace Safety Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on workplace safety market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for workplace safety? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The workplace safety market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By System: Environmental Health And Safety; Access Control And Surveillance System; Real Time Location Monitoring
2) By Enterprise Size: Small And Medium Enterprises; Large Enterprises
3) By Application: Incident And Emergency Management; Asset Tracking And Management; Personal Protective Equipment Detection
4) By Industry: BFSI; IT And Telecom; Manufacturing And Automobile; Hospitality; Healthcare
Companies Mentioned: The International Business Machines Corporation; Honeywell International Inc; 3E Company Inc.; Hexagon AB; Appian Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Workplace safety encompasses factors that impact the safety, health, and well-being of employees, benefiting both the workforce and employers by fostering improved working conditions. This involves addressing issues such as environmental hazards, unsafe working conditions or processes, drug and alcohol abuse, cyber threats, and workplace violence.

In the workplace safety market, the main types of systems include environmental health and safety, access control and surveillance systems, and real-time location monitoring. Environmental Health and Safety is a comprehensive term that encompasses laws, rules, regulations, professions, programs, and workplace initiatives designed to protect employees' and the public's health and safety, along with preserving the environment from workplace hazards. Workplace safety systems find applications across small and medium enterprises, as well as large enterprises, for purposes such as incident and emergency management, asset tracking and management, and detection of personal protective equipment. Various industries, including BFSI (Banking, Financial Services, and Insurance), IT and telecom, manufacturing and automobile, hospitality, and healthcare, utilize workplace safety solutions.

The workplace safety market research report is one of a series of new reports from The Business Research Company that provides workplace safety market statistics, including workplace safety industry global market size, regional shares, competitors with a workplace safety market share, detailed workplace safety market segments, market trends and opportunities, and any further data you may need to thrive in the workplace safety industry. This workplace 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.

The workplace safety market size has grown rapidly in recent years. It will grow from $13.57 billion in 2023 to $14.97 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed in the historical period can be attributed to several factors, including a heightened focus on pandemic response measures, initiatives addressing ergonomics and injury prevention in the workplace, increased attention to workplace mental health, and the adoption of data-driven safety solutions. These elements collectively contributed to advancements in workplace safety during the specified period.

The workplace safety market size is expected to see rapid growth in the next few years. It will grow to $22.14 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The anticipated growth in the forecast period can be attributed to several factors, including a stringent regulatory landscape influencing workplace safety, continued responses to pandemic challenges, advancements in risk assessment and management practices, the cultivation of safety-oriented work cultures, and a persistent demand for personal protective equipment (PPE). Major trends expected during the forecast period include the emphasis on resilience planning, the emergence of collaborative safety platforms, an increased focus on sustainable and green practices, a commitment to regulatory compliance, and a heightened focus on health and wellness initiatives in the workplace.

Rising incidents of occupational injuries and fatalities are significant drivers propelling the workplace safety market's growth. Workplace safety systems are pivotal in safeguarding employees from life-threatening scenarios in their work environments. The escalating instances of work-related injuries and fatalities prompt companies to adopt enhanced safety measures and equipment, intensifying the demand for workplace safety practices and technologies. For instance, data from the Bureau of Labor Statistics in December 2022 reported a notable surge in fatal work injuries in the United States, underscoring the imperative need for bolstered safety measures. As these concerns persist, the market for workplace safety is poised for continual growth.

The trajectory of workplace safety market expansion is significantly influenced by the rise in industrialization. Industrialization involves the transformation of economies from agricultural to mechanized manufacturing-based systems. This transition amplifies the reliance on optimized manufacturing processes, accompanied by heightened risks for workers. Workplace safety measures in industrial settings are crucial for mitigating these hazards and fostering secure work environments that facilitate productivity. Notably, a report from the United Nations Industrial Development Organization in March 2022 highlighted a resurgence in global manufacturing production post-pandemic, emphasizing the parallel increase in potential workplace hazards. As industrialization advances, the demand for robust workplace safety solutions is anticipated to escalate.

Technological advancements stand as a pivotal trend shaping the landscape of the workplace safety market. Key industry players are actively developing innovative technological solutions, exemplified by Honeywell's introduction of the NIOSH-certified N95 respirator. This groundbreaking product, launched in May 2022, showcases unique attributes tailored for healthcare workers, offering comfortable wearability over extended durations. Honeywell's N95 respirator embodies advanced features that augment personal protection equipment portfolios, contributing to an ecosystem prioritizing enhanced safety and the well-being of individuals. Such innovations underline the market's drive towards leveraging cutting-edge technology to address safety challenges and enhance protective measures in various work settings.

Major players within the workplace safety market are strategically embracing Software as a Service (SaaS) offerings to gain a competitive advantage. These SaaS-based solutions encompass a range of sophisticated features, including predictive AI-powered digital safety tools, real-time insights into operational realities within plants, advanced visualization capabilities, dynamic risk management for work activities, and actionable insights spanning organizational hierarchies. In November 2022, IBM introduced its Incident Management SaaS, aimed at empowering enterprises to gain deeper insights into their infrastructure and application resources. This SaaS offering plays a pivotal role in assisting central IT operations teams in swiftly identifying and resolving incidents by providing a unique topology-led approach to contextualizing events and occurrences.

In November 2023, MidOcean Partners, a US-based private equity firm, completed the acquisition of Smith System for an undisclosed sum. MidOcean's acquisition strategy is centered on leveraging its expertise to foster Smith System's continued growth, both organically and through strategic investments. Smith System, renowned for its B2B workplace safety training solutions tailored for large commercial fleets, stands to benefit from MidOcean's support to expand its market presence, explore additional growth avenues, and enhance its suite of products and services.

Major companies operating in the workplace safety market report are The International Business Machines Corporation, Honeywell International Inc., 3E Company Inc., Hexagon AB, Appian Corporation, Microsoft Corporation, Robert Bosch GmbH, Amazon.com Inc., Panasonic Holdings Corporation, Cority Software Inc., Nu-safe Healthcare LLP., Arco Limited, J&K Ross Ltd., Alpha Pro Tech Ltd., A-SAFE Inc., AlertMedia Inc., Anvl Inc., Avetta LLC, Blackline Safety Corp., The British Standards Institution Group, Cintas Corporation, DEKRA North America Inc., HSI Donesafe Pty Ltd., EcoOnline AS, Enablon North America Corp., Enhesa Inc., Environmental & Occupational Risk Management Inc., Benchmark Digital Partners LLC, Health and Safety Institute LLC, Intelex Technologies ULC, KPA FLEX LLC

North America was the largest region in the workplace safety market in 2023. The regions covered in the workplace safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the workplace safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The workplace safety market consists of revenues earned by entities by real-time location monitoring, environment health and safety, access control and surveillance systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The workplace safety market also includes sales of sensors, RFID tags and readers, and wearables. 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.

Product Code: r13182

1. Executive Summary

2. Workplace Safety Market Characteristics

3. Workplace Safety Market Trends And Strategies

4. Workplace Safety Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Workplace Safety Market Size and Growth

5.1. Global Workplace Safety Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Workplace Safety Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Workplace Safety Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Workplace Safety Market Segmentation

6.1. Global Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Environmental Health And Safety
Access Control And Surveillance System
Real Time Location Monitoring
6.2. Global Workplace Safety Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small And Medium Enterprises
Large Enterprises
6.3. Global Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Incident And Emergency Management
Asset Tracking And Management
Personal Protective Equipment Detection
6.4. Global Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
BFSI
IT And Telecom
Manufacturing And Automobile
Hospitality
Healthcare

7. Workplace Safety Market Regional And Country Analysis

7.1. Global Workplace Safety Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Workplace Safety Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Workplace Safety Market

8.1. Asia-Pacific Workplace Safety Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Workplace Safety Market

9.1. China Workplace Safety Market Overview
9.2. China Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Workplace Safety Market

10.1. India Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Workplace Safety Market

11.1. Japan Workplace Safety Market Overview
11.2. Japan Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Workplace Safety Market

12.1. Australia Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Workplace Safety Market

13.1. Indonesia Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Workplace Safety Market

14.1. South Korea Workplace Safety Market Overview
14.2. South Korea Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Workplace Safety Market

15.1. Western Europe Workplace Safety Market Overview
15.2. Western Europe Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Workplace Safety Market

16.1. UK Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Workplace Safety Market

17.1. Germany Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Workplace Safety Market

18.1. France Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Workplace Safety Market

19.1. Italy Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Workplace Safety Market

20.1. Spain Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Workplace Safety Market

21.1. Eastern Europe Workplace Safety Market Overview
21.2. Eastern Europe Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Workplace Safety Market

22.1. Russia Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Workplace Safety Market

23.1. North America Workplace Safety Market Overview
23.2. North America Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Workplace Safety Market

24.1. USA Workplace Safety Market Overview
24.2. USA Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Workplace Safety Market

25.1. Canada Workplace Safety Market Overview
25.2. Canada Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Workplace Safety Market

26.1. South America Workplace Safety Market Overview
26.2. South America Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Workplace Safety Market

27.1. Brazil Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Workplace Safety Market

28.1. Middle East Workplace Safety Market Overview
28.2. Middle East Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Workplace Safety Market

29.1. Africa Workplace Safety Market Overview
29.2. Africa Workplace Safety Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Workplace Safety Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Workplace Safety Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Workplace Safety Market Competitive Landscape And Company Profiles

30.1. Workplace Safety Market Competitive Landscape
30.2. Workplace Safety Market Company Profiles
- 30.2.1. The International Business Machines Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Honeywell International Inc
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. 3E Company Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Hexagon AB
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Appian Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Workplace Safety Market Competitive Benchmarking

32. Global Workplace Safety Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Workplace Safety Market

34. Workplace Safety Market Future Outlook and Potential Analysis

34.1 Workplace Safety Market In 2028 - Countries Offering Most New Opportunities
34.2 Workplace Safety Market In 2028 - Segments Offering Most New Opportunities
34.3 Workplace Safety Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer