About Machine Safety
Machine safety, used as a safeguard that are applicable to the machine operators as well as the machinery. For example, use of interlocks that can stop the motor if a human being is too close to it. The machine safety market has witnessed significant growth over the last few years owing to growing emphasis on safety in the industrial sector backed by strong government regulations. Functional safety has undergone a paradigm shift from mechanical interlock switches to contemporary programmable safety PLCs which have become affordable owing to semiconductor companies’ efforts to reduce average price of basic chips and circuits.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 6.11% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Machine Safety market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Rockwell Automation (United States), Pilz (Germany), Schneider (France), SICK (Germany), Mitsubishi Electric (Japan), ABB (Switzerland), Honeywell (United States), Omron (Japan), Keyence (Japan), IDEC Corporation (Japan) and Banner Engineering (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Pepperl + Fuchs (Germany), Euchner (Germany), Phoenix Contact (Germany) and Datalogic (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Machine Safety market by Type (Assembly, Material Handling, Metal Working, Packaging, Robotics and Others), Application (Assembling Materials, Material Handling, Metal Working, Packaging, Robotics, Welding and Others) and Region.
On the basis of geography, the market of Machine Safety has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component Type, the sub-segment i.e. Emergency Stop Devices will boost the Machine Safety market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Aerospace will boost the Machine Safety market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Government Regulations & Safety Standards on Industries for Delivering Workplace Occupational Health to the Workers
Market Growth Drivers:
Rise in Number of Industrial Accidents, Increasing Demand for Presence-Sensing Safety Devices and Mandatory Safety Standards and Government Regulations
Challenges:
Increasing Complexity in Safety-Based Software and Hardware Designs and Failure to Access All Machinery-Related Risks
Restraints:
Failure to Protect Workers and Machines From Secondary Hazards and Additional Costs Associated With Machine Safety Systems
Opportunities:
Evolution of Industrial Revolution 4.0 and Development of New and Improved Safety Light Curtains With Digital Indicators
Market Leaders and their expansionary development strategies
In January 2024, Distribution Solutions Group Inc. announced Monday that its operating company Lawson Products completed the acquisition of Safety Supply Illinois LLC, DBA Emergent Safety Supply, a national distributor of safety products based near Chicago in Batavia, Illinois.
In December 2022, Pilz GmBH Co. Launched the modular safety Device for Morden automated guided vehicles AGVs
Supply of Machinery (Safety) Regulations 2008, as amended by the Supply of Machinery (Safety) (Amendment) Regulations 2011, these regulations require all machines placed on the market in the EU to carry a CE mark as described by the European Machinery Directive 2006/42/EC
Key Target Audience
System Integrator of Machine Safety Systems, Designers and Manufacturers of Machine Safety Systems, Material Handling and Automation Organizations, Machine Safety Software Providers, Machine Safety Component Providers, System Integrator and Technology Consultants
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.