During the past five years, demand for the Safety Equipment and Supplies Distributors industry’s products has been supported by booming conditions in the resources sector. The harmonisation of occupational health and safety laws will also benefit the industry as small businesses scramble to comply with new requirements, boosting demand for safety equipment. August 24, 2012
The Safety Equipment and Supplies Distributors industry in Australia is in safe hands. A variety of regulations forcing employees to use safety equipment ensures constant demand for work wear, footwear and protective equipment. Steven Connell “the threat of legal action or bad publicity from workplace fatalities and injuries means businesses are sufficiently incentivised to invest in health and safety of their own accord”.
During the past five years, demand for Safety Equipment and Supplies Distributors industry products has been supported by booming conditions in the resources sector. "This has more than offset weakening demand from other downstream markets such as construction and manufacturing," Connell adds. Industry revenue is forecast to grow by a compound annual rate of 4.8% to reach $1.64 billion in 2012-13. Industry profitability is also estimated to increase over the five years due to rising prices and the strong Australian dollar. Revenue is expected to grow 8.5% in the current year.
The harmonisation of occupational health and safety laws will benefit the industry as small businesses scramble to comply with new requirements, boosting demand for safety equipment. Growth in the number of businesses and workforce numbers is also expected to underpin industry growth. Ongoing investment into the mining and oil and gas sector and strengthening construction activity should also ensure solid demand for safety equipment...The top three players operating in the industry include Wesfarmers, Brady Australia and Lawrence & Hanson. Report Key Topics
This industry directly distributes and delivers safety equipment and supplies (such as for medical, construction and agricultural safety) to businesses and consumers...With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions...For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
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