Industry Analysis & Industry Trends
Occupational health and safety service providers have experienced safe and risky conditions over the past five years. Some of their markets have prospered while some customers have been distressed. The diversity of the industry's client base has helped ensure that industry revenue has grown over the past five years. The healthcare market is an example of a resilient market.
On the other hand, business confidence plummeted as the global economic downturn hit Australia. Consequently, industry customers cut back on discretionary services, such as the implementation of best practices. Businesses also reduced their employee numbers to sustain their profitability. The higher unemployment meant less need to secure workplaces... purchase to read more
Industry Report - Industry Analysis Chapter
Industry operators have worked in mixed conditions over the past five years as some markets have become risky while others have remained safe. The mix of weakened and resilient markets is expected to have led to stagnant revenue growth of an annualised 0.8% over the five years through 2012-13. The considerable plunge in business confidence and the increase in unemployment in the aftermath of the global downturn have dampened industry revenue growth. However, steady growth in the workforce and the number of businesses in Australia has supported industry revenue growth overall.
Industry revenue is forecast to increase by a healthier 4.1% in 2012-13, to reach $1.15 billion... purchase to read more