Indonesia Industrial Safety Market Outlook to 2028
Description
Indonesia Industrial Safety Market Overview
Indonesia Industrial Safety Market was growing at a notable pace. This is reflected by Global Industrial Safety Market which was valued at USD 7 billion in 2023, driven by stringent government regulations mandating safety standards in various industries, increasing awareness of workplace safety, and technological advancements in safety equipment.
Key players in the Indonesian Industrial Safety Market include Honeywell International Inc., 3M Company, Drägerwerk AG & Co. KGa A, MSA Safety Incorporated, and Ansell Limited. These companies dominate the market through extensive product portfolios and strategic partnerships and acquisitions that enhance their market presence.
In 2023, Honeywell's safety products, including Honeywell H700 utility safety harness range and Omni Point fixed gas detector won Red Dot Product Design Awards. These products were recognized for their innovation, functionality, and user-focused design to enhance worker safety and productivity.
Indonesia Industrial Safety Current Market Analysis
The industrial safety market significantly impacts the overall industrial productivity and worker welfare in Indonesia. A decline in accidents not only enhances worker safety but also improves operational efficiency and reduces costs related to workplace injuries and compensation claims.
A major challenge facing the Indonesia industrial safety market is the high cost of advanced safety equipment. Many small and medium-sized enterprises (SMEs) struggle to afford the latest safety technologies, which limits market penetration.
Jakarta, the capital city, dominates the industrial safety market in Indonesia. The city's rapid industrial growth and infrastructural development necessitate robust safety measures, making it a key market for safety equipment and solutions.
Indonesia Industrial Safety Market Segmentation
The Indonesia Industrial Safety Market can be segmented based on several factors:
By Product Type: Indonesia Industrial Safety Market is segmented by Product Type into Personal Protective Equipment (PPE), Safety Sensors & Detectors & Emergency Shutdown Systems. In 2023, Personal Protective Equipment reign as the most dominant sub-segment. The dominance of PPE is driven by its mandatory use in various industries, ensuring worker safety from physical, chemical, and biological hazards.
By Application: Indonesia Industrial Safety Market is segmented by application in Manufacturing, Construction, Mining and Oil & Gas. In 2023, manufacturing emerges as the most dominant sub-segment. The sector's dominance is due to the extensive use of machinery and equipment, necessitating comprehensive safety measures to protect workers from mechanical hazards.
By Region: Indonesia Industrial Safety Market is segmented by region into North, South, East & West. In 2023, the North region is dominating the market. The region's dominance is attributed to the presence of numerous manufacturing hubs and industrial zones, which require extensive safety measures.
Indonesia Industrial Safety Market Competitive Landscape
Company
Establishment Year
Headquarters
Honeywell International Inc.
1906
Charlotte, USA
3M Company
1902
St. Paul, USA
Drägerwerk AG & Co. KGa A
1889
Lübeck, Germany
MSA Safety Incorporated
1914
Cranberry Township, USA
Ansell Limited
1893
Melbourne, Australia
Ansell Limited: In 2024, Ansell Limited has successfully completed the acquisition of Kimberly-Clark's Personal Protective Equipment (PPE) business, incorporating Kimtechâ„¢, Kleen Guardâ„¢, and Right Cycleâ„¢ into its portfolio. The acquisition was worth $640 million. Ansell's commitment to safety and innovation aligns perfectly with their values.
Honeywell International: In 2023, Honeywell launched a new enterprise cybersecurity solution called Cyber Watch. This solution is designed to help organizations better identify, mitigate and manage the latest operational technology (OT) cyberthreats.
Indonesia Industrial Safety Industry Analysis
Indonesia Industrial Safety Market Growth Drivers:
Industrial Expansion and Increased Investments: In 2024, the Indonesian government approved investment projects worth $80,000 million across various industrial sectors, including manufacturing, mining, and construction. This influx of investments is propelling the demand for industrial safety equipment to ensure compliance with safety standards and protect workers in hazardous environments.
Rising Incidents and Need for Safety: In 2021, Indonesia recorded 234,370 workplace accidents, emphasizing the urgent need for effective safety solutions. Companies are increasingly adopting advanced safety technologies to mitigate risks and ensure the well-being of their workforce, driving the demand for industrial safety products.
Rapid Construction & Urbanization: Rapid urbanization leads to more construction projects. In 2023, Indonesia’s GDP was at $1371.7 billion out of which almost 10% of GDP contribution comes from construction industry. Therefore, increasing construction necessitates improved safety measures to handle the increased workforce and project complexity.
Indonesia Industrial Safety Market Challenges:
High Cost of Advanced Safety Equipment: The cost of advanced safety equipment remains a significant challenge for many small and medium-sized enterprises (SMEs) in Indonesia. This high cost limits the ability of SMEs to invest in these essential safety solutions, thereby hindering market growth.
Lack of Awareness and Training: Despite the regulatory push, there is still a lack of awareness and proper training regarding industrial safety practices among workers and employers. This gap in knowledge and skills poses a challenge to the effective implementation of safety measures.
Fragmented Market Structure: The industrial safety market in Indonesia is highly fragmented, with numerous local and international players offering a wide range of products. This fragmentation makes it challenging for businesses to identify reliable suppliers and ensure the quality of safety equipment.
Indonesia Industrial Safety Market Government Initiatives:
National Occupational Safety Campaign: The National Occupational Safety and Health (OSH) Program for the 2024–2029 period was launched by Manpower Minister Ida Fauziyah in 2023. The program includes initiatives such as training programs, safety audits, and the distribution of safety equipment to boost the adoption of industrial safety measure.
National Occupational Safety Health & Month: Also, known as BK3N, is celebrated annually in Indonesia from January 12 to February 12 to promote occupational safety and health. BK3N is an important initiative by the Indonesian government to promote a strong OSH culture and reduce workplace accidents and illnesses. It involves the participation of management, employees, families, and academicians.
Indonesia Industrial Safety Future Market Outlook
By 2028, the Indonesia industrial safety market is projected to grow significantly, driven by the continued enforcement of safety regulations, technological innovations such as Io T and AI in safety equipment, and the rising emphasis on worker health and safety in various industries.
Future Trends
Adoption of Smart Safety Solutions: Over the next five years, the adoption of smart safety solutions is expected to rise significantly in Indonesia. These devices, enabled with Io T and AI technologies, will provide real-time monitoring, predictive analytics, and automated alerts.
Increased Investment in R&D: The industrial safety market in Indonesia will witness increased investments in research and development (R&D) activities. This focus on R&D will result in the introduction of advanced safety technologies, catering to the specific needs of the Indonesian market and driving market growth.
Expansion of Safety Training Programs: The next five years will see a significant expansion of safety training programs across industries. These training programs will enhance workers' knowledge and skills in using modern safety equipment, reducing workplace accidents and improving overall safety standards.
Please Note: It will take 5-7 business days to complete the report upon order confirmation
Indonesia Industrial Safety Market was growing at a notable pace. This is reflected by Global Industrial Safety Market which was valued at USD 7 billion in 2023, driven by stringent government regulations mandating safety standards in various industries, increasing awareness of workplace safety, and technological advancements in safety equipment.
Key players in the Indonesian Industrial Safety Market include Honeywell International Inc., 3M Company, Drägerwerk AG & Co. KGa A, MSA Safety Incorporated, and Ansell Limited. These companies dominate the market through extensive product portfolios and strategic partnerships and acquisitions that enhance their market presence.
In 2023, Honeywell's safety products, including Honeywell H700 utility safety harness range and Omni Point fixed gas detector won Red Dot Product Design Awards. These products were recognized for their innovation, functionality, and user-focused design to enhance worker safety and productivity.
Indonesia Industrial Safety Current Market Analysis
The industrial safety market significantly impacts the overall industrial productivity and worker welfare in Indonesia. A decline in accidents not only enhances worker safety but also improves operational efficiency and reduces costs related to workplace injuries and compensation claims.
A major challenge facing the Indonesia industrial safety market is the high cost of advanced safety equipment. Many small and medium-sized enterprises (SMEs) struggle to afford the latest safety technologies, which limits market penetration.
Jakarta, the capital city, dominates the industrial safety market in Indonesia. The city's rapid industrial growth and infrastructural development necessitate robust safety measures, making it a key market for safety equipment and solutions.
Indonesia Industrial Safety Market Segmentation
The Indonesia Industrial Safety Market can be segmented based on several factors:
By Product Type: Indonesia Industrial Safety Market is segmented by Product Type into Personal Protective Equipment (PPE), Safety Sensors & Detectors & Emergency Shutdown Systems. In 2023, Personal Protective Equipment reign as the most dominant sub-segment. The dominance of PPE is driven by its mandatory use in various industries, ensuring worker safety from physical, chemical, and biological hazards.
By Application: Indonesia Industrial Safety Market is segmented by application in Manufacturing, Construction, Mining and Oil & Gas. In 2023, manufacturing emerges as the most dominant sub-segment. The sector's dominance is due to the extensive use of machinery and equipment, necessitating comprehensive safety measures to protect workers from mechanical hazards.
By Region: Indonesia Industrial Safety Market is segmented by region into North, South, East & West. In 2023, the North region is dominating the market. The region's dominance is attributed to the presence of numerous manufacturing hubs and industrial zones, which require extensive safety measures.
Indonesia Industrial Safety Market Competitive Landscape
Company
Establishment Year
Headquarters
Honeywell International Inc.
1906
Charlotte, USA
3M Company
1902
St. Paul, USA
Drägerwerk AG & Co. KGa A
1889
Lübeck, Germany
MSA Safety Incorporated
1914
Cranberry Township, USA
Ansell Limited
1893
Melbourne, Australia
Ansell Limited: In 2024, Ansell Limited has successfully completed the acquisition of Kimberly-Clark's Personal Protective Equipment (PPE) business, incorporating Kimtechâ„¢, Kleen Guardâ„¢, and Right Cycleâ„¢ into its portfolio. The acquisition was worth $640 million. Ansell's commitment to safety and innovation aligns perfectly with their values.
Honeywell International: In 2023, Honeywell launched a new enterprise cybersecurity solution called Cyber Watch. This solution is designed to help organizations better identify, mitigate and manage the latest operational technology (OT) cyberthreats.
Indonesia Industrial Safety Industry Analysis
Indonesia Industrial Safety Market Growth Drivers:
Industrial Expansion and Increased Investments: In 2024, the Indonesian government approved investment projects worth $80,000 million across various industrial sectors, including manufacturing, mining, and construction. This influx of investments is propelling the demand for industrial safety equipment to ensure compliance with safety standards and protect workers in hazardous environments.
Rising Incidents and Need for Safety: In 2021, Indonesia recorded 234,370 workplace accidents, emphasizing the urgent need for effective safety solutions. Companies are increasingly adopting advanced safety technologies to mitigate risks and ensure the well-being of their workforce, driving the demand for industrial safety products.
Rapid Construction & Urbanization: Rapid urbanization leads to more construction projects. In 2023, Indonesia’s GDP was at $1371.7 billion out of which almost 10% of GDP contribution comes from construction industry. Therefore, increasing construction necessitates improved safety measures to handle the increased workforce and project complexity.
Indonesia Industrial Safety Market Challenges:
High Cost of Advanced Safety Equipment: The cost of advanced safety equipment remains a significant challenge for many small and medium-sized enterprises (SMEs) in Indonesia. This high cost limits the ability of SMEs to invest in these essential safety solutions, thereby hindering market growth.
Lack of Awareness and Training: Despite the regulatory push, there is still a lack of awareness and proper training regarding industrial safety practices among workers and employers. This gap in knowledge and skills poses a challenge to the effective implementation of safety measures.
Fragmented Market Structure: The industrial safety market in Indonesia is highly fragmented, with numerous local and international players offering a wide range of products. This fragmentation makes it challenging for businesses to identify reliable suppliers and ensure the quality of safety equipment.
Indonesia Industrial Safety Market Government Initiatives:
National Occupational Safety Campaign: The National Occupational Safety and Health (OSH) Program for the 2024–2029 period was launched by Manpower Minister Ida Fauziyah in 2023. The program includes initiatives such as training programs, safety audits, and the distribution of safety equipment to boost the adoption of industrial safety measure.
National Occupational Safety Health & Month: Also, known as BK3N, is celebrated annually in Indonesia from January 12 to February 12 to promote occupational safety and health. BK3N is an important initiative by the Indonesian government to promote a strong OSH culture and reduce workplace accidents and illnesses. It involves the participation of management, employees, families, and academicians.
Indonesia Industrial Safety Future Market Outlook
By 2028, the Indonesia industrial safety market is projected to grow significantly, driven by the continued enforcement of safety regulations, technological innovations such as Io T and AI in safety equipment, and the rising emphasis on worker health and safety in various industries.
Future Trends
Adoption of Smart Safety Solutions: Over the next five years, the adoption of smart safety solutions is expected to rise significantly in Indonesia. These devices, enabled with Io T and AI technologies, will provide real-time monitoring, predictive analytics, and automated alerts.
Increased Investment in R&D: The industrial safety market in Indonesia will witness increased investments in research and development (R&D) activities. This focus on R&D will result in the introduction of advanced safety technologies, catering to the specific needs of the Indonesian market and driving market growth.
Expansion of Safety Training Programs: The next five years will see a significant expansion of safety training programs across industries. These training programs will enhance workers' knowledge and skills in using modern safety equipment, reducing workplace accidents and improving overall safety standards.
Please Note: It will take 5-7 business days to complete the report upon order confirmation
Table of Contents
100 Pages
- 1. Indonesia Industrial Safety Market Overview
- 1.1 Indonesia Industrial Safety Market Taxonomy
- 2. Indonesia Industrial Safety Market Size (in USD Bn), 2018-2023
- 3. Indonesia Industrial Safety Market Analysis
- 3.1 Indonesia Industrial Safety Market Growth Drivers3.2 Indonesia Industrial Safety Market Challenges and Issues3.3 Indonesia Industrial Safety Market Trends and Development3.4 Indonesia Industrial Safety Market Government Regulation3.5 Indonesia Industrial Safety Market SWOT Analysis3.6 Indonesia Industrial Safety Market Stake Ecosystem3.7 Indonesia Industrial Safety Market Competition Ecosystem
- 4. Indonesia Industrial Safety Market Segmentation, 2023
- 4.1 Indonesia Industrial Safety Market Segmentation by Product Type (in value %), 20234.2 Indonesia Industrial Safety Market Segmentation by Application (in value %), 20234.3 Indonesia Industrial Safety Market Segmentation by Region (in value %), 2023
- 5. Indonesia Industrial Safety Market Competition Benchmarking
- 5.1 Indonesia Industrial Safety Market Cross-Comparison (no. of employees, company overview, business strategy, USP, recent development, operational parameters, financial parameters and advanced analytics)
- 6. Indonesia Industrial Safety Future Market Size (in USD Bn), 2023-2028
- 7. Indonesia Industrial Safety Future Market Segmentation, 2028
- 7.1 Indonesia Industrial Safety Market Segmentation by Product Type (in value %), 20287.2 Indonesia Industrial Safety Market Segmentation by Application (in value %), 20287.3 Indonesia Industrial Safety Market Segmentation by Region (in value %), 2028
- 8. Indonesia Industrial Safety Market Analysts’ Recommendations
- 8.1 Indonesia Industrial Safety Market TAM/SAM/SOM Analysis8.2 Indonesia Industrial Safety Market Customer Cohort Analysis8.3 Indonesia Industrial Safety Market Marketing Initiatives8.4 Indonesia Industrial Safety Market White Space Opportunity Analysis
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