Government regulation ensures demand for the industry's product
Melbourne, Australia (PRWEB) 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. According to IBISWorld industry analyst 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. IBISWorld estimates industry revenue will increase over the next five years. The industry displays a moderate level of concentration. The top three players operating in the industry include Wesfarmers, Brady Australia and Lawrence & Hanson. Wesfarmers operates four businesses in the industry, including Blackwoods, Bullivants, Total Fasteners and Protector Alsafe.
For more information, visit IBISWorld’s Safety Equipment & Supplies Distributors report in Australia industry page.
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IBISWorld industry 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. Generally, these items are purchased in bulk for hospitals, work sites and factories.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.