Workplace Safety Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Workplace Safety Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

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 in the historic period can be attributed to pandemic response, ergonomics and injury prevention, workplace mental health, data-driven safety solutions..

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 growth in the forecast period can be attributed to stringent regulatory landscape, sustained response to pandemic challenges, enhanced risk assessment and management, cultivation of safety-oriented work culture, persistent demand for personal protective equipment (ppe).. Major trends in the forecast period include resilience planning, collaborative safety platforms, sustainable and green practices, regulatory compliance, focus on health and wellness..

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Key Market Players:

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

Market Drivers:

Rising occupational injuries and deaths are significantly contributing to the growth of the workplace safety market. Workplace safety systems protect employees from a variety of life-threatening situations at their workplaces, and rising occupational injuries and deaths at workplaces are leading to more companies deploying workplace safety equipment and practices that are in turn, driving the market. For instance, in December 2022, according to the Bureau of Labor Statistics, a US-based principal fact-finding agency for the federal government, there were 5,190 fatal work injuries recorded in the United States in 2021, an 8.9% increase from 4,764. The fatal work injury rate was 3.6 fatalities per 100,000 full-time equivalent (FTE) workers, up from 3.4 per 100,000 FTE in 2020. Therefore, rising occupational injuries and deaths are expected to propel future workplace safety market growth.

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The workplace safety market covered in this report is segmented -

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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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