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Occupational Health & Safety Services in the UK - Market Research Report (2014-2029)

Jack Dixon Jack Dixon London, United Kingdom Last Updated: October 2024 SIC SP0.182

Revenue

£1.9bn

2024-25

£1.9bn

Past 5-Year Growth

Profit

£XX.Xm

Employees

16,368

Businesses

5,694

Wages

£XXX.Xm

Occupational Health & Safety Services in the UK industry analysis

A wide range of downstream industries use occupational health and safety services, with the construction sector, healthcare sector and oil and gas sector being prominent markets thanks to the stringent levels of regulation in these sectors. The industry faces stiff competition from insurance companies that provide their customers with compliance checks, risk and damage evaluation specialists and in-house occupational health and safety services. Intense competition and the attempt to alleviate red tape in health and safety have weighed on revenue growth and restricted profitability, with the average annual profit margin still lower than pre-pandemic levels.

Trends and Insights

  • Increased green energy investment bolsters the outlook for occupational health & safety services. As the UK push for energy independence, investments into solar and wind farms will provide steady demand for occupational health and safety services in the future.
  • The pandemic elevated demand for compliance assistance. New health and safety measures brought in since the COVID-19 outbreak intensified demand for compliance assistance.
  • London is home to a large number of businesses. This is attractive for occupational health and safety service providers because businesses need to carry out health and safety assessments.
  • Players benefit from engaging in acquisition activity. To enhance their share of revenue, health and safety service providers often acquire smaller competitors to solidify their market share.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has declined at a CAGR of 0.4 % over the past five years, to reach an estimated £1.9bn in 2024.

Trends and Insights

Residential construction activity proves volatile, lowering revenue prospects

  • Occupational health and safety services are necessary for the construction sector as employees handle heavy machinery and work in potentially unsafe conditions.
  • Additional trends and insights available with purchase
Occupational Health & Safety Services in the UK
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

New government programmes and construction recovery boost health and safety service demand

  • Recent government initiatives and a resurgence in the construction sector are significantly fuelling demand for occupational health and safety services. The Building Safety Programme's allocation of £1 billion to remove hazardous cladding, alongside the £11.5 billion Affordable Homes Programme, are set to increase residential construction activities through to 2026. These programmes require stringent compliance with health and safety regulations, thus enhancing service demand.

Biggest companies in the Occupational Health & Safety Services in the UK

Company
Market Share (%)
2025
Revenue (£m)
2025
Bureau Veritas UK Ltd
84.9
Peninsula Business Services Ltd
53.0
European Health and Safety Consultants Ltd
18.5

To view the market share and analysis for all 3 top companies in this industry, view purchase options.

Products & Services Segmentation

Occupational Health & Safety Services in the UK
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Compliance assistance, Occupational hazard evaluation and Claims management. Compliance assistance is the largest segment of the Occupational Health & Safety Services in the UK.

Trends and Insights

Regulation changes to boost demand for compliance assistance

  • Health and safety service providers help companies ensure their practices are compliant with various codes relating to work equipment, asbestos exposure, first aid, storage, energy sources including electricity and gas and other human factors like staffing and management practices.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

This industry includes specialist companies that advise organisations on how to ensure their employees' safe and healthy working conditions. Companies provide health and safety training, outreach, education and assistance.

What's included in this industry?

Compliance assistanceOccupational hazard evaluationHealth and safety trainingClaims management Implementation of best practices

Companies

Bureau Veritas UK LtdPeninsula Business Services LtdEuropean Health and Safety Consultants Ltd

Purchase this report to view all 3 major companies in this industry.

Related Terms

OCCUPATIONAL HEALTH AND SAFETYHEALTH AND SAFETY EXECUTIVE (HSE)REACHSMART HELMETS

Industry Code

SIC 2007

SIC 70.22/9 - Occupational Health & Safety Services in the UK

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Increased green energy investment bolsters the outlook for occupational health & safety services. As the UK push for energy independence, investments into solar and wind farm...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The pandemic elevated demand for compliance assistance. New health and safety measures brought in since the COVID-19 outbreak intensified demand for compliance assistance.

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

London is home to a large number of businesses. This is attractive for occupational health and safety service providers because businesses need to carry out health and safety...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Players benefit from engaging in acquisition activity. To enhance their share of revenue, health and safety service providers often acquire smaller competitors to solidify th...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Occupational health and safety services operators are highly fragmented. There's a large number of small-scale and independent contractors that primarily operate in a limited...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Bureau Veritas UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Peninsula Business Services Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of European Health and Safety Consultants Ltd's performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for Bureau Veritas UK Ltd, and factors influencing its performance in the industry
  • Description and key data for Peninsula Business Services Ltd, and factors influencing its performance in the industry
  • Description and key data for European Health and Safety Consultants Ltd, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Levels of industrial activity influence the industry. When industrial production activity increases, demand for services that ensure manufacturing processes are safe follow s...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Operating costs have gone up. This has weighed on profit in recent years. Strong competition has also contributed to tough pricing pressure.

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Liquidity Ratios (2018-2022)
  • Coverage Ratios (2018-2022)
  • Leverage Ratios  (2018-2022)
  • Operating Ratios (2018-2022)
  • Assets (2018-2022)
  • Liabilities (2018-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Occupational Health & Safety Services in the UK industry in United Kingdom in 2024?

The market size of the Occupational Health & Safety Services in the UK industry in United Kingdom is £1.9bn in 2024.

How many businesses are there in the Occupational Health & Safety Services in the UK industry in 2024?

There are 5,694 businesses in the Occupational Health & Safety Services in the UK industry in United Kingdom, which has grown at a CAGR of 0.9 % between 2019 and 2024.

Has the Occupational Health & Safety Services in the UK industry in United Kingdom grown or declined over the past 5 years?

The market size of the Occupational Health & Safety Services in the UK industry in United Kingdom has been declining at a CAGR of 0.4 % between 2019 and 2024.

What is the forecast growth of the Occupational Health & Safety Services in the UK industry in United Kingdom over the next 5 years?

Over the next five years, the Occupational Health & Safety Services in the UK industry in United Kingdom is expected to grow.

What are the biggest companies in the Occupational Health & Safety Services in the UK market in United Kingdom?

The biggest companies operating in the Occupational Health & Safety Services market in United Kingdom are Bureau Veritas UK Ltd, Peninsula Business Services Ltd and European Health and Safety Consultants Ltd

What does the Occupational Health & Safety Services in the UK in United Kingdom include?

Compliance assistance and Occupational hazard evaluation are part of the Occupational Health & Safety Services in the UK industry.

Which companies have the highest market share in the Occupational Health & Safety Services in the UK in United Kingdom?

The company holding the most market share in United Kingdom is Bureau Veritas UK Ltd.

How competitive is the Occupational Health & Safety Services in the UK industry in United Kingdom?

The level of competition is high and increasing in the Occupational Health & Safety Services in the UK industry in United Kingdom.

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Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the UK include:

  • Office for National Statistics
  • Office for Budget Responsibility
  • Bank of England

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

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