Machine Safety Market By Component (Presence-Sensing Safety Sensors, Emergency Stop Devices, Programmable Safety Systems (Safety PLCs), Safety Controller, Safety Interlock Switches, Others); By Application (Automotive, Food & Beverages, Packaging, Pharmaceutical, Electronics & Semiconductors, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
The global machine safety market size was valued at around USD 11.2 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 5.7% from 2022 to 2032.The market size is projected to succeed in USD 19.5 billion by 2032.
Machine Safety Market Growth Drivers & Barriers
Rising number of industrial accidents are expected to impel the growth of the global machine safety market. Further, stringent government regulations for delivering occupational health to the workers is also poised to impel the growth of the market during the forecast period.
In developed countries, various mandatory safety standards and government policies forces the machine manufacturers to include various safety measures. This factor is envisioned to bolster the growth of global machine safety market. Furthermore, growth of various end use industries will further aid to the growth of the market.
Machine Safety Market Regional Outlook
In the terms of geography, the machine safety market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, Europe is slated to account for highest percentage of market share in overall machine safety market during the forecast period. Also, Asia Pacific machine safety market is expected to showcase highest growth rate in global machine safety market during the forecast period.
Machine Safety Market Segmentation
The research offers a comprehensive analysis of machine safety market with respect to following sub-markets:
By Component
- Presence-Sensing Safety Sensors
- - Safety Edges
- - Laser Scanners
- - Safety Light Curtains
- - - - Light Emitting Diodes (LEDs)
- - - - Photoelectric Cells
- - - - Control Units
- - - - Displays
- - - - Others
- - Safety Maps
- - Optoelectronic Devices
- Emergency Stop Devices
- - Push Buttons
- - Rope (Cable) Pull Buttons
- Programmable Safety Systems (Safety PLCs)
- Safety Controller
- Safety Interlock Switches
- Others
By Application
- Automotive
- Food & Beverages
- Packaging
- Pharmaceutical
- Electronics & Semiconductors
- Others
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Machine Safety Market Key Players
The report profiles various major market players such as
- Honeywell International Inc.
- ABB LTD.
- Rockwell Automation, INC.
- Mitsubishi Electric Corporation
- Schneider Electric S.A.
- Eaton CORP. PLC
- Datalogic S.p.A.
- OMRON Corporation
- SICK AG
- K. A. Schmersal Gmbh & CO. KG.
- Others Major and Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in machine safety market.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global machine safety market by the following segments:
- Component
- Application
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Key Questions Answered in the Global Machine safety Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized Version
- Publication date: 12th December 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
- Quick Contact -
- ISO Certified Logo -
Machine Safety Market
-: Our Clients :-
