Global Machine Safety Market to Reach US$ 9.0 Billion by 2032, Propelled by the Growing Investments in the Upgradation of Existing Machinery

February 21, 2023 | Electronics and Semiconductors

The latest report by IMARC, titled “Machine Safety Market Report by Implementation (Individual Components, Embedded Components), Component (Presence Sensing Safety Sensors, Emergency Stop Devices, Safety Interlock Switches, Safety Controller/Modules/Relays, and Others), End Use Industry (Automotive, Electronics and Semiconductors, Food and Beverages, Healthcare and Pharmaceuticals, Metals and Mining, Oil and Gas, and Others), and Region 2024-2032”, finds that the global machine safety market reached a value of US$ 5.5 Billion in 2023. Machine safety refers to a system specially designed to perform control functions and maintain the safety of the machinery and individuals exposed to its installation, adjustment, operation, and maintenance. It helps increase efficiency, machine guarding, and reduce waste and costly mistakes. Some of the most commonly used safety devices include safety sensors, emergency stop devices, protective clothing, safety curtain lights, presence sensor devices and safety controllers, relays and modules. In recent years, machine safety has gained traction on account of its extensive employment in various industry verticals, such as automotive, food and beverage (F&B), manufacturing, healthcare, semiconductor, electronics, oil and gas, and power generation.

Global Machine Safety Market Trends:

One of the primary factors driving the market is the rising focus on industrial safety and proactive safety measures. Other than this, the increasing number of accidents in the workplace is positively influencing the market growth. Besides this, extensive investments in developing existing machinery to improve production capacity and the augmenting demand for industrial automation products are constantly accelerating the adoption of machine safety. Furthermore, key players are focusing on introducing innovative product variants to enhance machine safety, reliability, and efficiency. Moreover, governments of numerous nations and international organizations, such as the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), are introducing safety measures for machinery. Other major growth-inducing factors include the introduction of Industry 4.0, rising awareness about occupational safety among workers, rapid industrialization, extensive adoption of IoT solutions, and extensive research and development (R&D) activities. Looking forward, IMARC Group expects the market value to reach US$ 9.0 Billion by 2032, expanding at a CAGR of 5.5% during the forecast period (2024-2032).

Market Summary:

  • Based on the implementation, the market has been bifurcated into individual and embedded components.
  • On the basis of the component, the market has been divided into presence sensing safety sensors, emergency stop devices, safety interlock switches, safety controller/modules/relays, and others.
  • Based on the end use industry, the market has been segmented into automotive, electronics and semiconductors, food and beverages (F&B), healthcare and pharmaceuticals, metals and mining, oil and gas, and others.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being ABB Ltd., Banner Engineering Corp., Emerson Electric Co., Honeywell International Inc., IDEC Corporation, Keyence Corporation, Mitsubishi Electric Corporation, OMRON Corporation, Pilz GmbH & Co. KG, Rockwell Automation Inc., Schneider Electric SE, Sick AG, and Siemens AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Implementation, Component, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd, Banner Engineering Corp., Emerson Electric Co., Honeywell International Inc., IDEC Corporation, Keyence Corporation, Mitsubishi Electric Corporation, OMRON Corporation, Pilz GmbH & Co. KG, Rockwell Automation Inc., Schneider Electric SE, Sick AG and Siemens AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N A
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Machine Safety Market to Reach US$ 9.0 Billion by 2032, Propelled by the Growing Investments in the Upgradation of Existing Machinery
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More