Safety Equipment & Supplies Wholesaling in the UK - Industry Market Research Report

Safer Revenue: as Construction Output Levels Strengthen in 2022-23, Industry Revenue is Forecast to Grow

Over the past decade, strong demand for safety equipment has been supported by tightening workplace health and safety regulations. Safety equipment wholesalers must ensure that products adhere to occupational health and safety regulations to avoid fines and reduce the likelihood of lawsuits being brought against them by injured employees. Through the end of 2022-23, industry revenue is expected to rise at a compound annual rate of 3.1% to reach £1.5 billion, when the average profit margin is forecast to reach 12.3%. Companies in this industry wholesale safety equipment and supplies to businesses and consumers. Generally, these items are purchased in bulk for construction sites, factories and other places of work. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.