Playing it safe: Standardised OH&S regulations have driven industry revenue growth

The Occupational Health and Safety Services industry has grown over the past five years. Stronger requirements for safe working conditions and more stringent regulations have driven industry expansion. Many small, independent firms dominate the industry, which is highly labour-intensive. Wages are the largest cost component for industry operators. Larger players can gain market share through strategic mergers and acquisitions, increasing the range of services on offer and their ability to service larger clients. Required compliance with OH&S regulations in various sectors supports industry revenue growth. Businesses that fail to meet these regulations risk hefty fines or being sued as a result of employee more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Industry demand tends to follow business confidence and capital expenditure by the private sector
  • Profit has risen with greater demand for services for hazardous worksites, such as inspections
  • A rising number of registered companies and a growing total workforce will underpin industry growth
  • Industry Report - Industry Investment Chapter

    The industry has a low level of capital intensity. In 2017-18, for every dollar spent as wages, an estimated $0.03 is invested in capital. The industry is labour-intensive as most firms solely rely on skilled staff to provide OH&S services. As a result, capital expenditure costs are limited to software and other technology that can be implemented on-site for clients. For instance, larger industry participants tend to accumulate substantial investment in intangible assets, such as software systems and other various intellectual property. However, these costs are negligible compared with the industry’s extensive staffing requirements, which contributes to the industry’s low level of capital intensity...purchase to read more.

    Additional Insights for the Occupational Health and Safety Services Industry

    IBISWorld has determined the most important Key Success Factors for the Occupational Health and Safety Services are:

  • Access to niche markets
  • Access to highly skilled workforce
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Work accident rate per 1,000 employees and Total employees in the labour force in the Occupational Health and Safety Services industry impact industry performance..

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    What's in this report

    What is the Occupational Health and Safety Services Industry?

    Industry firms primarily provide advice and assistance to organisations and companies to assure safe and healthy working conditions for employees. Firms provide training, outreach, education and assistance.

    Industry Products
  • Occupational hazard evaluation
  • OH&S compliance assistance
  • Safety and health training
  • Other services
  • Claims management
  • Industry Activities
  • Helping clients comply with occupational health and safety regulations
  • Implementing best practices in workplaces
  • Training in health and safety procedures
  • Evaluating occupational hazards
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Work accident rate per 1,000 employees
  • Total employees in the labour force
  • Number of businesses
  • Business confidence index
  • Demand from manufacturing

  • Current Performance
  • Demand drivers
  • Major markets
  • Regulatory and operating environment
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand trends
  • Regulatory environment
  • Securing profit
  • Table: Occupational Health and Safety Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry and Fishing
  • Meat Processing
  • Motor Vehicle Manufacturing
  • Construction

  • Key Selling Industries
  • Telecommunications Services

  • Products & Services
  • OH&S compliance assistance
  • Occupational hazard evaluation
  • Safety and health training
  • Claims management
  • Other services
  • Chart: Occupational Health and Safety Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other companies
  • Manufacturing companies
  • Construction companies
  • Health and community service providers
  • Transport and storage companies
  • Mining companies
  • Chart: Major Market Segmentation for the Occupational Health and Safety Services Industry

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

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Occupational Health and Safety Services Industry

  • Industry Globalization
    SAI Global Pty Ltd,
  • Table: SAI Global Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Occupational Health and 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 and Safety Services Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    As/Nzs 4801
  • The Standard for Occupational Health and Safety (OHS) Management.
  • Oh&S
  • Occupational health and safety.
  • Rto
  • Registered training operators.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Occupational Health and Safety Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 and 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 and 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 and 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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