In good health: Industry revenue rises despite external competition and deregulation

Operators in the Occupational Health and Safety Services industry include specialist companies that advise organisations on how they can ensure their employees have safe and healthy working conditions. Companies provide training, outreach, education and assistance. A wide range of downstream industries use industry services, with the construction sector, health-care sector, and oil and gas sector being prominent due to the stringent levels of regulation in each sector. The industry faces external competition from insurance companies that provide their customers with compliance checks, and risk and damage evaluation specialists, as well as from in-house occupational health and safety services...read more.

Industry Statistics & Market Size
Revenue
£1.6bn
Annual Growth 15-20
0.8%
Forecast Growth 20-25
Profit
Employment
17,283
Businesses
5,455
Market Share of Companies

Industry Threats & Opportunities

  • Rising construction activity has supported demand for the industry over the period
  • Industry profitability is forecast to be supported by operators stringently managing their costs
  • Any changes to health and safety laws have the potential to boost demand for the industry
  • Industry Report - Starting a New Business Chapter

    The barriers to entering the Occupational Health and Safety Services industry are low, and they are decreasing because regulation and policy began to relax in the United Kingdom over the past five years. The Health and Safety at Work etc. Act 1974 is the main piece of legislation that workers in the industry need to be aware of and understand how to enforce. Enforcement of legislation is covered in Section 18 of the Health and Safety at Work etc. Act 1974 and is in accordance with the Regulators’ Compliance Code. Companies that deal with claims management also need to know the difference between regional laws, because prosecution procedures vary between Scotland, England and Wales...purchase to read more.

    Additional Insights for the Occupational Health & Safety Services Industry

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

  • Access to niche markets
  • Recommendation/accreditation from an authoritative source
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Business confidence index in the Occupational Health & Safety Services industry impact industry performance..

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    What's in this report

    What is the Occupational Health & Safety Services Industry?

    This industry includes specialist companies that advise organisations on how they can ensure their employees have safe and healthy working conditions. Companies provide training, outreach, education and assistance. The industry excludes insurance companies that provide their customers with compliance checks, as well as risk and damage evaluation specialists.

    Industry Products
  • Compliance assistance
  • Occupational hazard evaluation
  • Claims management
  • Health and safety training
  • Implementation of best practices
  • Industry Activities
  • Providing assistance with hazard evaluation
  • Helping clients comply with occupational health and safety regulations
  • Providing training in health and safety procedures
  • Helping businesses implement the best practices in the workplace
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Business confidence index
  • Total health expenditure
  • Total value of construction
  • Total labour force

  • Current Performance
  • Downstream demand
  • Regulatory influences
  • Unemployment trends
  • Profit performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry growth
  • An uncertain future
  • Profitability improves
  • Table: Occupational Health & Safety Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Forestry & Logging
  • Engine & Turbine Manufacturing
  • Commercial Building Construction
  • Electricity & Telecommunications Infrastructure Construction

  • Key Selling Industries
  • Internet Service Providers
  • Measuring, Testing & Navigational Equipment Manufacturing
  • New Car & Light Motor Vehicle Dealers
  • Wireless Telecommunications Carriers

  • Products & Services
  • Compliance assistance
  • Occupational hazard evaluation
  • Claims management
  • Health and safety training
  • Implementation of best practices
  • Other
  • Chart: Occupational Health & Safety Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction and utilities firms
  • Manufacturers
  • Health and care service providers
  • Oil and gas sector
  • Other
  • Transportation and storage companies
  • Chart: Major Market Segmentation for the Occupational Health & Safety Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitIndustry profitability is expected to rise over the five years through 2019-20. Strong competition between industry operators and external industries has intensified pricing pressure over the period, however strict cost management and the introduction of new products by industry operators have ensured steady growth in margins. In 2019-20, the average industry profit margin is expected to be 9.2%, up from 6.4% in 2014-15. WagesPurchasesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Occupational Health & Safety Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Occupational Health & Safety Services Industry

  • Industry Globalization
    Bureau Veritas UK Ltd,
  • Table: Bureau Veritas UK Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Occupational Health & 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 & Safety Services Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Health And Safety Executive (Hse)
  • The public body in charge of dealing with, regulating and enforcing health and safety regulations in the United Kingdom.
  • Occupational Health And Safety
  • Health and safety in a workplace.
  • Reach
  • Stands for registration, evaluation, authorisation and restriction of chemicals. It is EU legislation governing the handling of chemicals.
  • Smart Helmets
  • Helmets that have a range of sensors that check vitals such as temperature, oxygen levels in the blood, brain activity and the user’s heart rate.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Occupational Health & Safety Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 & 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 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 & 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 & 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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