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Safety

Overview of the safety industry

The safety industry is among the high-value and most pivotal global segments. It is due to the sector reducing health and well-being risks caused by unsafe work environments. It applies to staff, customers, and the public. Examples include unsafe chemicals, allergens, biohazards and sound pollution. Diverse steps achieve it. Among them is developing and ensuring adherence to diverse policies. These vary from diverse strategies to undertake audits and inspections. It, in turn, helps to prevent short and long-term harm within diverse industries. Examples include transportation, woodworking, maritime, aviation, metalworking, and agriculture. It results in a sector that spans over 47,600 enterprises and employs more than 110,000 specialists.

Is the industry innovative and highly valued?

As a result, the global safety industry is of notable significance and value. For example, it has reached a market value of $6.32 billion in recent years. Additionally, it is expected to expand at a CAGR of 6.3% in the upcoming years. The sector is also a global industry with a chief focus on researching and developing innovations. It is due to the ever-changing nature of work environments and their hazards. Generally, the segment presents its latest novel solutions during trade expos. It includes various annual and biannual events in diverse countries. They attract tens of thousands of attendants.