Safety first: New workplace and environmental regulations will spur industry demand

Revenue for the Occupational Health and Workplace Safety Services industry has grown strongly over the past five years, rebounding from recessionary lows. As the economy has recovered, increased employment and expanded production in key downstream markets, such as mining and construction, have lifted demand for industry services. Additionally, heightened enforcement of state and federal occupational health and safety regulations has increased the cost of noncompliance, driving businesses to seek outside consultation from industry operators to avoid government penalties. These trends are expected to continue over the next five years, further driving demand and encouraging new companies to enter the industry...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 11-16
3.3%
Forecast Growth 16-21
Profit
Employment
60,596
Businesses
33,692
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Increased enforcement of workplace regulations bolstered demand for industry services
  • Stalling demand from the mining sector was offset by vibrant growth in the healthcare markets
  • More contractors will hire industry firms to help them comply with regulations
  • Industry Report - Industry Products Chapter

    OSHA compliance and occupational hazard evaluation Employers are required by law to provide their employees with a workplace free from recognized hazards that may cause death or serious physical harm. Additionally, companies can be cited for failure to mitigate or prevent hazards. Companies hire technicians and specialists in this industry to ensure worker safety and maintain compliance with safety laws. Safety technicians may examine and test machinery and equipment by lifting devices, machine guards or scaffolding. They also verify that personal protective equipment, such as masks, respirators, protective eyewear and hardhats, is being used according to regulations. Furthermore, safety technicians ensure that hazardous materials are stored correctly...purchase to read more.

    Additional Insights for the Occupational Health & Workplace Safety Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Occupational Health & Workplace Safety Services Industry are

  • Access to highly skilled workforce
  • Ability to quickly adopt new technology
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Number of employees and Demand from construction in the Occupational Health & Workplace Safety Services industry impact industry performance..

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    What's in this report

    What is the Occupational Health & Workplace Safety Services Industry?

    This industry provides advice and assistance to organizations and companies to assure safe and healthy working conditions for employees. Firms provide training, outreach, education and assistance in the form of worksite evaluations, hazard assessments, facility design reviews and compliance audits.

    Industry Products
  • Implementation of best practices
  • OSHA compliance and occupational hazard evaluation
  • Safety and health training
  • Industry Activities
  • Occupational hazard evaluation
  • OSHA compliance assistance
  • Workplace safety and health training
  • Facility design reviews
  • Indoor air quality evaluations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of employees
  • Demand from construction
  • Demand from mining
  • Government consumption and investment

  • Current Performance
  • Downstream demand
  • Workplace regulation
  • Chart: Revenue Growth

  • Industry Outlook
  • Key customers
  • Growth in outsourcing
  • Changing regulation
  • Table: Occupational Health & Workplace Safety Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Occupational Health & Workplace Safety Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Oil Drilling & Gas Extraction
  • Manufacturing
  • Professional, Scientific and Technical Services
  • Healthcare and Social Assistance

  • Key Selling Industries
  • Computer & Packaged Software Wholesaling
  • Computer Stores
  • IT Consulting
  • Laboratory Supply Wholesaling
  • Office Supply Stores

  • Products & Services
  • OSHA compliance and occupational hazard evaluation
  • Safety and health training
  • Implementation of best practices
  • Other
  • Chart: Occupational Health & Workplace Safety Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Goods manufacturing
  • Energy and mining sector
  • Other
  • Chemical manufacturers
  • Construction sector
  • Government
  • Colleges, universities and nonprofit organizations
  • Chart: Major Market Segmentation for the Occupational Health & Workplace Safety Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Occupational Health & Workplace Safety Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Occupational Health & Workplace Safety Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Occupational Health & Workplace Safety Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Occupational Health & Workplace Safety Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of employees (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Air Samplers
  • Devices that collect and analyze samples of air to measure the quantities and types of various pollutants or other atmospheric contaminants.
  • Anemometers
  • Instruments that measure the speed of any gas current.
  • Flowmeters
  • Instruments used for measuring the rate of flow of water, gas or fuel, generally through a pipe.
  • Respirators
  • Equipment worn over the mouth and nose or the entire face to prevent the inhalation of dust, smoke, or other noxious substances.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Occupational Health & Workplace Safety Services provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Occupational Health & Workplace Safety Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Occupational Health & Workplace Safety Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Occupational Health & Workplace Safety Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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