The global workplace safety market size was estimated at USD 18.79 billion in 2024 and is anticipated to grow at a CAGR of 16.9% from 2025 to 2030. As businesses become more aware of the importance of ensuring a safe working environment, the demand for safety solutions, including personal protective equipment (PPE), safety management systems, and employee training z, has increased. The rise in workplace injuries and fatalities across industries has intensified the focus on workplace safety, prompting companies to implement more comprehensive safety measures and protocols.
Regulatory pressure from governments and international organizations has played a critical role in the growth of the workplace safety industry. In response to rising workplace injuries and fatalities, various national and international bodies have introduced and enforced stricter safety regulations, compliance standards, and industry-specific guidelines. For instance, organizations must adhere to Occupational Safety and Health Administration (OSHA) standards in the U.S. or the European Union's directives on health and safety at work. These regulations mandate the implementation of robust safety management systems, hazard identification, and risk assessment procedures to protect employees.
Failure to comply with these regulations can lead to heavy fines, legal liabilities, and damage to a company’s reputation. As a result, businesses are increasingly investing in advanced safety solutions, such as safety monitoring technologies, training programs, and protective equipment, to ensure compliance and mitigate risk. In 2023, private industry employers in the U.S. reported 2.6 million nonfatal workplace injuries and illnesses, with a rate of 2.4 cases per 100 full-time equivalent workers, as reported by the U.S. Bureau of Labor Statistics.
Gather more insights about the market drivers, restrains and growth of the Workplace Safety Market
Key Workplace Safety Company Insights
Key players operating in the workplace safety industry are Honeywell International Inc.; 3M; Hexagon AB; Wolters Kluwer N.V.; and DuPont. The companies are focusing on various strategic initiatives, including new product development, partnerships & collaborations, and agreements to gain a competitive advantage over their rivals. The following are some instances of such initiatives.
• In November 2024, Honeywell International Inc. entered into an agreement to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc, a U.S.-based worker safety provider. The sale aligns with the company's strategy to streamline its portfolio and focus on key growth areas, including automation, the future of aviation, and energy transition. The divested PPE business is set to gain a growth boost through expansion into new products, markets, and regions. This transaction positions both companies to capitalize on new opportunities.
• In April 2024, HexagonAB announced the acquisition of Xwatch Safety Solutions, a UK-based company specializing in construction machinery equipment. This strategic move aims to bolster Hexagon AB's construction safety portfolio by integrating Xwatch's advanced machine control hardware and software technologies. These solutions are designed to improve safety protocols on construction sites, reinforcing Hexagon's commitment to enhancing workplace safety through innovative technology.
Global Workplace Safety Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global workplace safety market report based on product type, technology, end user, and region:
Product Type Outlook (Revenue, USD Billion, 2018 - 2030)
• Personal Protective Equipment (PPE)
o Head Protection
o Eye & Face Protection
o Hearing Protection
o Respiratory Protection
o Protective Clothing
o Fall Protection
• Workplace Safety Services
o Safety Audits & Inspections
o Safety Training & Consultation
o Emergency Response Services
• Safety Equipment & Systems
o Fire Safety Systems
o Safety Signs & Labels
o Surveillance & Monitoring Systems
o Environmental Health & Safety (EHS) Software
o Industrial Safety Equipment
Technology Outlook (Revenue, USD Billion, 2018 - 2030)
• IoT-enabled
• Wearable
• Automation & Robotics
• Artificial Intelligence (AI)
• Big Data & Predictive Analytics
• Virtual Reality (VR)
Deployment Mode Outlook (Revenue, USD Billion, 2018 - 2030)
• On-Premises
• Cloud
End User Outlook (Revenue, USD Billion, 2018 - 2030)
• Energy & Utilities
• Construction & Engineering
• Chemicals & Materials
• Government & Defense
• Healthcare
• Food & Beverage
• Other
Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
• Latin America
o Brazil
• Middle East & Africa
o UAE
o Saudi Arabia
o South Africa
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