Workplace safety market was worth USD million in 2021 and is estimated to reach USD million by 2029, growing at a CAGR of 10.4% during the forecast period (2022-2029).
Workplace safety refers to the workplace environment and concerns all the major factors that impact workers’ health, safety, and well-being. Environmental hazards, mental and physical well-being of workers, hazardous working conditions, workplace violence, and drug or alcohol abuse determine workplace safety.
Companies have been increasing emphasis on workers and working conditions in recent years. Worker’s labor rights movements, the rising number of workplace accidents, and investigative journalism about exploitative working conditions have prompted a fundamental shift in approach toward working conditions and worker safety.
The COVID-19 pandemic positively impacted the global workplace safety market. Various manufacturing and construction industries were impacted due to the lockdowns and movement restrictions put in place by the government to curb the spread of the pandemic.
North America is leading in the global safety light curtain market. North America is a highly industrialized region with high-income, developed countries such as U.S. and Canada. The industries operating in North America have a high degree of automation with minimum human interaction. Strong legislation mandating the enforcement of workplace safety regulations is present in both countries.
Some of the major players contributing to growth in the market are IBM Corporation, Honeywell International Inc., Robert Bosch GmBH, ABB, 3M, Microsoft, Appian, Hexagon AB, Panasonic Corporation, and Wolters Kluwer N.V.
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