Market Overview:
The global machine safety market reached a value of US$ 4.88 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.33 Billion by 2027 exhibiting a growth rate (CAGR) of 6.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Machine safety is an umbrella term for various devices and safeguards employed to protect machinery and its operators. Some of the most commonly used safety devices include emergency stop devices, safety sensors and interlock switches, protective clothing, safety curtain lights, presence sensor devices and safety controllers, relays and modules. They are designed to eliminate mechanical hazards to personnel by safeguarding moving parts, hot surfaces or sharp edges of machines that might cause serious workplace injuries or accidents. As a result, machine safety devices find extensive applications across various industries, including food and beverage (F&B), automotive, manufacturing, healthcare, electronics, semiconductor, power generation, and oil and gas.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Machine Safety Market Trends:
The rising emphasis on safety in the industrial sector and the increasing number of workplace accidents represent the primary factors driving the market growth. Additionally, governments of various countries and international organizations, such as the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), are introducing stringent safety standards for machinery. This has led to an increased need for industries and manufacturing facilities to comply with these safety standards and regulations, which in turn is propelling the market growth. Besides this, the growing investments in the upgradation of existing machinery to enhance production capacity and the escalating demand for industrial automation products are accelerating the adoption of machine safety. Furthermore, the leading manufacturers are developing innovative product variants to improve machine safety, efficiency and reliability. Moreover, the advent of Industry 4.0, growing awareness regarding occupational safety among workers, widespread adoption of IoT solutions, rapid industrialization, and extensive research and development (R&D) activities are some of the other factors creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global machine safety market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on implementation, component and end use industry.
Breakup by Implementation:
- Individual Components
- Embedded Components
Breakup by Component:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Presence Sensing Safety Sensors
- Emergency Stop Devices
- Safety Interlock Switches
- Safety Controller/Modules/Relays
- Others
Breakup by End Use Industry:
- Automotive
- Electronics and Semiconductors
- Food and Beverages
- Healthcare and Pharmaceuticals
- Metals and Mining
- Oil and Gas
- Others
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles 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 |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| 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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| 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) |
Key Questions Answered in This Report:
- How has the global machine safety market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global machine safety market?
- What are the key regional markets?
- What is the breakup of the market based on the implementation?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global machine safety market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Machine Safety Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Implementation
6.1 Individual Components
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Embedded Components
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component
7.1 Presence Sensing Safety Sensors
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Emergency Stop Devices
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Safety Interlock Switches
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Safety Controller/Modules/Relays
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electronics and Semiconductors
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Food and Beverages
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare and Pharmaceuticals
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Metals and Mining
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Oil and Gas
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Banner Engineering Corp.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Emerson Electric Co.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Honeywell International Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 IDEC Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Keyence Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Mitsubishi Electric Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 OMRON Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Pilz GmbH & Co. KG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Rockwell Automation Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Schneider Electric SE
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Sick AG
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Siemens AG
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Machine Safety Market: Major Drivers and Challenges
Figure 2: Global: Machine Safety Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Machine Safety Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Machine Safety Market: Breakup by Implementation (in %), 2021
Figure 5: Global: Machine Safety Market: Breakup by Component (in %), 2021
Figure 6: Global: Machine Safety Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Machine Safety Market: Breakup by Region (in %), 2021
Figure 8: Global: Machine Safety (Individual Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Machine Safety (Individual Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Machine Safety (Embedded Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Machine Safety (Embedded Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Machine Safety (Presence Sensing Safety Sensors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Machine Safety (Presence Sensing Safety Sensors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Machine Safety (Emergency Stop Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Machine Safety (Emergency Stop Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Machine Safety (Safety Interlock Switches) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Machine Safety (Safety Interlock Switches) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Machine Safety (Safety Controller/Modules/Relays) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Machine Safety (Safety Controller/Modules/Relays) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Machine Safety (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Machine Safety (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Machine Safety (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Machine Safety (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Machine Safety (Electronics and Semiconductors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Machine Safety (Electronics and Semiconductors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Machine Safety (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Machine Safety (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Machine Safety (Healthcare and Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Machine Safety (Healthcare and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Machine Safety (Metals and Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Machine Safety (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Machine Safety (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Machine Safety (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Machine Safety (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Machine Safety (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Machine Safety Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Machine Safety Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Machine Safety Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Machine Safety Industry: SWOT Analysis
Figure 86: Global: Machine Safety Industry: Value Chain Analysis
Figure 87: Global: Machine Safety Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Machine Safety Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Machine Safety Market Forecast: Breakup by Implementation (in Million US$), 2022-2027
Table 3: Global: Machine Safety Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Machine Safety Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Machine Safety Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Machine Safety Market: Competitive Structure
Table 7: Global: Machine Safety Market: Key Players