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Machine Safety Market By Component, By Implementation, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 403 Pages
  • May 2023
  • Region: Global
  • Allied Market Research
  • ID: 5457279
Description Jump to:
The machine safety market was valued at $5.48 Billion in 2022, and is projected to reach $10.28 Billion by 2032, registering a CAGR of 6.5% from 2023 to 2032.

A machine safety system is a set of tools and protocols designed to ensure safe and optimal operation of machinery and equipment. These products are specifically designed to monitor, control, and assess the condition and performance of machines to facilitate their proper functioning. The machine safety market offers a wide range of products, such as laser safety scanners, light safety curtains, locking devices, emergency stop devices, and safety valves.

Over the coming years, the machine safety market is expected to experience substantial growth due to rise in number of accidents in industrial and manufacturing sectors. As workplace safety becomes a top priority, the demand for safety products that can prevent accidents is Increasing. Thus, Increase in significance of these products in preventing industrial accidents is driving the growth of the machine safety market.

However, a significant challenge in the machine safety market is lack of consistent regulatory compliance, which makes it difficult to ensure a uniform implementation of safety practices across various industries and companies. This can be particularly problematic for businesses operating in multiple countries within the region, as they need to comply with different safety standards.

Furthermore, focus on energy efficiency and sustainability in the region has led to the development of advanced technologies in the field of machine safety. This is anticipated to provide remunerative opportunities for market players to offer eco-friendly and sustainable safety solutions that align with the region's sustainability goals.

For the purpose of analysis, the machine safety market scope covers segmentation based on component, implementation, industry vertical, and region. The report provides information on varied components required for machine safety, Including safety sensors, safety interlock switches, safety controllers, and others. By implementation, the market is bifurcated into individual and embedded. Various industry verticals covered in the study Include oil & gas, healthcare, automotive, metals & mining, and others. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Leading companies in the machine safety industry Include ABB Ltd., Emerson Electric Co., Honeywell International Inc., KEYENCE CORPORATION, Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation Inc., Schneider Electric SE, SICK AG, Siemens AG, and B&R Automation. These companies are major players in the machine safety market, and they compete based on factors such as product quality, innovation, pricing, and distribution.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the machine safety market analysis from 2022 to 2032 to identify the prevailing machine safety market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the machine safety market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report Includes the analysis of the regional as well as global machine safety market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Component

  • Safety Sensors
  • Safety Interlock Switches
  • Safety Controller
  • Others

By Implementation

  • Individual
  • Embedded

By Industry Vertical

  • Oil and Gas
  • Healthcare
  • Automotive
  • Metals and Mining
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • ABB Ltd.
  • B&R Automation
  • Emerson Electric Co.
  • Honeywell International, Inc.
  • KEYENCE CORPORATION
  • Mitsubishi Electric Corporation
  • OMRON Corporation
  • Rockwell Automation
  • Schneider Electric SE
  • SICK AG
  • Siemens AG

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate to high threat of new entrants
3.3.3. Moderate to high threat of substitutes
3.3.4. High intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Digitalization and automation in industrial processes.
3.4.1.2. Implementation of stringent machinery safety standards and regulations.
3.4.2. Restraints
3.4.2.1. High cost of implementing safety measures in the manufacturing industry.
3.4.3. Opportunities
3.4.3.1. Increase in adoption of hazardous machinery and equipment in various industries.
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: MACHINE SAFETY MARKET, BY COMPONENT
4.1. Overview
4.1.1. Market size and forecast
4.2. Safety Sensors
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Safety Interlock Switches
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Safety Controller
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: MACHINE SAFETY MARKET, BY IMPLEMENTATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Individual
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Embedded
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL
6.1. Overview
6.1.1. Market size and forecast
6.2. Oil and Gas
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Healthcare
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Automotive
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Metals and Mining
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Others
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
CHAPTER 7: MACHINE SAFETY MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Component
7.2.3. Market size and forecast, by Implementation
7.2.4. Market size and forecast, by Industry Vertical
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Component
7.2.5.1.3. Market size and forecast, by Implementation
7.2.5.1.4. Market size and forecast, by Industry Vertical
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Component
7.2.5.2.3. Market size and forecast, by Implementation
7.2.5.2.4. Market size and forecast, by Industry Vertical
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Component
7.2.5.3.3. Market size and forecast, by Implementation
7.2.5.3.4. Market size and forecast, by Industry Vertical
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Component
7.3.3. Market size and forecast, by Implementation
7.3.4. Market size and forecast, by Industry Vertical
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Component
7.3.5.1.3. Market size and forecast, by Implementation
7.3.5.1.4. Market size and forecast, by Industry Vertical
7.3.5.2. Germany
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Component
7.3.5.2.3. Market size and forecast, by Implementation
7.3.5.2.4. Market size and forecast, by Industry Vertical
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Component
7.3.5.3.3. Market size and forecast, by Implementation
7.3.5.3.4. Market size and forecast, by Industry Vertical
7.3.5.4. Rest of Europe
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Component
7.3.5.4.3. Market size and forecast, by Implementation
7.3.5.4.4. Market size and forecast, by Industry Vertical
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Component
7.4.3. Market size and forecast, by Implementation
7.4.4. Market size and forecast, by Industry Vertical
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Component
7.4.5.1.3. Market size and forecast, by Implementation
7.4.5.1.4. Market size and forecast, by Industry Vertical
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Component
7.4.5.2.3. Market size and forecast, by Implementation
7.4.5.2.4. Market size and forecast, by Industry Vertical
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Component
7.4.5.3.3. Market size and forecast, by Implementation
7.4.5.3.4. Market size and forecast, by Industry Vertical
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Component
7.4.5.4.3. Market size and forecast, by Implementation
7.4.5.4.4. Market size and forecast, by Industry Vertical
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Component
7.4.5.5.3. Market size and forecast, by Implementation
7.4.5.5.4. Market size and forecast, by Industry Vertical
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Component
7.5.3. Market size and forecast, by Implementation
7.5.4. Market size and forecast, by Industry Vertical
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Component
7.5.5.1.3. Market size and forecast, by Implementation
7.5.5.1.4. Market size and forecast, by Industry Vertical
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Component
7.5.5.2.3. Market size and forecast, by Implementation
7.5.5.2.4. Market size and forecast, by Industry Vertical
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Component
7.5.5.3.3. Market size and forecast, by Implementation
7.5.5.3.4. Market size and forecast, by Industry Vertical
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Rockwell Automation
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. OMRON Corporation
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. ABB Ltd.
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. Emerson Electric Co.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Honeywell International, Inc.
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. KEYENCE CORPORATION
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.6.7. Key strategic moves and developments
9.7. Mitsubishi Electric Corporation
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. SICK AG
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.8.7. Key strategic moves and developments
9.9. Schneider Electric SE
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.9.7. Key strategic moves and developments
9.10. Siemens AG
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments
9.11. B&R Automation
9.11.1. Company overview
9.11.2. Key Executives
9.11.3. Company snapshot
9.11.4. Operating business segments
9.11.5. Product portfolio
List of Tables
TABLE 01. GLOBAL MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 02. MACHINE SAFETY MARKET FOR SAFETY SENSORS, BY REGION, 2022-2032 ($MILLION)
TABLE 03. MACHINE SAFETY MARKET FOR SAFETY INTERLOCK SWITCHES, BY REGION, 2022-2032 ($MILLION)
TABLE 04. MACHINE SAFETY MARKET FOR SAFETY CONTROLLER, BY REGION, 2022-2032 ($MILLION)
TABLE 05. MACHINE SAFETY MARKET FOR OTHERS, BY REGION, 2022-2032 ($MILLION)
TABLE 06. GLOBAL MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 07. MACHINE SAFETY MARKET FOR INDIVIDUAL, BY REGION, 2022-2032 ($MILLION)
TABLE 08. MACHINE SAFETY MARKET FOR EMBEDDED, BY REGION, 2022-2032 ($MILLION)
TABLE 09. GLOBAL MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 10. MACHINE SAFETY MARKET FOR OIL AND GAS, BY REGION, 2022-2032 ($MILLION)
TABLE 11. MACHINE SAFETY MARKET FOR HEALTHCARE, BY REGION, 2022-2032 ($MILLION)
TABLE 12. MACHINE SAFETY MARKET FOR AUTOMOTIVE, BY REGION, 2022-2032 ($MILLION)
TABLE 13. MACHINE SAFETY MARKET FOR METALS AND MINING, BY REGION, 2022-2032 ($MILLION)
TABLE 14. MACHINE SAFETY MARKET FOR OTHERS, BY REGION, 2022-2032 ($MILLION)
TABLE 15. MACHINE SAFETY MARKET, BY REGION, 2022-2032 ($MILLION)
TABLE 16. NORTH AMERICA MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 17. NORTH AMERICA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 18. NORTH AMERICA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 19. NORTH AMERICA MACHINE SAFETY MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 20. U.S. MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 21. U.S. MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 22. U.S. MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 23. CANADA MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 24. CANADA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 25. CANADA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 26. MEXICO MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 27. MEXICO MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 28. MEXICO MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 29. EUROPE MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 30. EUROPE MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 31. EUROPE MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 32. EUROPE MACHINE SAFETY MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 33. UK MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 34. UK MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 35. UK MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 36. GERMANY MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 37. GERMANY MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 38. GERMANY MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 39. FRANCE MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 40. FRANCE MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 41. FRANCE MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 42. REST OF EUROPE MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 43. REST OF EUROPE MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 44. REST OF EUROPE MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 45. ASIA-PACIFIC MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 46. ASIA-PACIFIC MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 47. ASIA-PACIFIC MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 48. ASIA-PACIFIC MACHINE SAFETY MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 49. CHINA MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 50. CHINA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 51. CHINA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 52. JAPAN MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 53. JAPAN MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 54. JAPAN MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 55. INDIA MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 56. INDIA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 57. INDIA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 58. SOUTH KOREA MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 59. SOUTH KOREA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 60. SOUTH KOREA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 61. REST OF ASIA-PACIFIC MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 62. REST OF ASIA-PACIFIC MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 63. REST OF ASIA-PACIFIC MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 64. LAMEA MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 65. LAMEA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 66. LAMEA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 67. LAMEA MACHINE SAFETY MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 68. LATIN AMERICA MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 69. LATIN AMERICA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 70. LATIN AMERICA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 71. MIDDLE EAST MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 72. MIDDLE EAST MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 73. MIDDLE EAST MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 74. AFRICA MACHINE SAFETY MARKET, BY COMPONENT, 2022-2032 ($MILLION)
TABLE 75. AFRICA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022-2032 ($MILLION)
TABLE 76. AFRICA MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022-2032 ($MILLION)
TABLE 77. ROCKWELL AUTOMATION: KEY EXECUTIVES
TABLE 78. ROCKWELL AUTOMATION: COMPANY SNAPSHOT
TABLE 79. ROCKWELL AUTOMATION: PRODUCT SEGMENTS
TABLE 80. ROCKWELL AUTOMATION: PRODUCT PORTFOLIO
TABLE 81. ROCKWELL AUTOMATION: KEY STRATERGIES
TABLE 82. OMRON CORPORATION: KEY EXECUTIVES
TABLE 83. OMRON CORPORATION: COMPANY SNAPSHOT
TABLE 84. OMRON CORPORATION: SERVICE SEGMENTS
TABLE 85. OMRON CORPORATION: PRODUCT PORTFOLIO
TABLE 86. OMRON CORPORATION: KEY STRATERGIES
TABLE 87. ABB LTD.: KEY EXECUTIVES
TABLE 88. ABB LTD.: COMPANY SNAPSHOT
TABLE 89. ABB LTD.: PRODUCT SEGMENTS
TABLE 90. ABB LTD.: PRODUCT PORTFOLIO
TABLE 91. ABB LTD.: KEY STRATERGIES
TABLE 92. EMERSON ELECTRIC CO.: KEY EXECUTIVES
TABLE 93. EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 94. EMERSON ELECTRIC CO.: PRODUCT SEGMENTS
TABLE 95. EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 96. EMERSON ELECTRIC CO.: KEY STRATERGIES
TABLE 97. HONEYWELL INTERNATIONAL, INC.: KEY EXECUTIVES
TABLE 98. HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT
TABLE 99. HONEYWELL INTERNATIONAL, INC.: PRODUCT SEGMENTS
TABLE 100. HONEYWELL INTERNATIONAL, INC.: PRODUCT PORTFOLIO
TABLE 101. HONEYWELL INTERNATIONAL, INC.: KEY STRATERGIES
TABLE 102. KEYENCE CORPORATION: KEY EXECUTIVES
TABLE 103. KEYENCE CORPORATION: COMPANY SNAPSHOT
TABLE 104. KEYENCE CORPORATION: PRODUCT SEGMENTS
TABLE 105. KEYENCE CORPORATION: PRODUCT PORTFOLIO
TABLE 106. KEYENCE CORPORATION: KEY STRATERGIES
TABLE 107. MITSUBISHI ELECTRIC CORPORATION: KEY EXECUTIVES
TABLE 108. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 109. MITSUBISHI ELECTRIC CORPORATION: PRODUCT SEGMENTS
TABLE 110. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 111. MITSUBISHI ELECTRIC CORPORATION: KEY STRATERGIES
TABLE 112. SICK AG: KEY EXECUTIVES
TABLE 113. SICK AG: COMPANY SNAPSHOT
TABLE 114. SICK AG: SERVICE SEGMENTS
TABLE 115. SICK AG: PRODUCT PORTFOLIO
TABLE 116. SICK AG: KEY STRATERGIES
TABLE 117. SCHNEIDER ELECTRIC SE: KEY EXECUTIVES
TABLE 118. SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT
TABLE 119. SCHNEIDER ELECTRIC SE: SERVICE SEGMENTS
TABLE 120. SCHNEIDER ELECTRIC SE: PRODUCT PORTFOLIO
TABLE 121. SCHNEIDER ELECTRIC SE: KEY STRATERGIES
TABLE 122. SIEMENS AG: KEY EXECUTIVES
TABLE 123. SIEMENS AG: COMPANY SNAPSHOT
TABLE 124. SIEMENS AG: PRODUCT SEGMENTS
TABLE 125. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 126. SIEMENS AG: KEY STRATERGIES
TABLE 127. B&R AUTOMATION: KEY EXECUTIVES
TABLE 128. B&R AUTOMATION: COMPANY SNAPSHOT
TABLE 129. B&R AUTOMATION: SERVICE SEGMENTS
TABLE 130. B&R AUTOMATION: PRODUCT PORTFOLIO
List of Figures
FIGURE 01. MACHINE SAFETY MARKET, 2022-2032
FIGURE 02. SEGMENTATION OF MACHINE SAFETY MARKET, 2022-2032
FIGURE 03. MACHINE SAFETY MARKET,2022-2032
FIGURE 04. TOP INVESTMENT POCKETS IN MACHINE SAFETY MARKET (2023-2032)
FIGURE 05. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06. MODERATE TO HIGH THREAT OF NEW ENTRANTS
FIGURE 07. MODERATE TO HIGH THREAT OF SUBSTITUTES
FIGURE 08. HIGH INTENSITY OF RIVALRY
FIGURE 09. MODERATE BARGAINING POWER OF BUYERS
FIGURE 10. GLOBAL MACHINE SAFETY MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
FIGURE 11. MACHINE SAFETY MARKET, BY COMPONENT, 2022(%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR SAFETY SENSORS, BY COUNTRY 2022 AND 2032(%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR SAFETY INTERLOCK SWITCHES, BY COUNTRY 2022 AND 2032(%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR SAFETY CONTROLLER, BY COUNTRY 2022 AND 2032(%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR OTHERS, BY COUNTRY 2022 AND 2032(%)
FIGURE 16. MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2022(%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR INDIVIDUAL, BY COUNTRY 2022 AND 2032(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR EMBEDDED, BY COUNTRY 2022 AND 2032(%)
FIGURE 19. MACHINE SAFETY MARKET, BY INDUSTRY VERTICAL, 2022(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR OIL AND GAS, BY COUNTRY 2022 AND 2032(%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR HEALTHCARE, BY COUNTRY 2022 AND 2032(%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR AUTOMOTIVE, BY COUNTRY 2022 AND 2032(%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR METALS AND MINING, BY COUNTRY 2022 AND 2032(%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF MACHINE SAFETY MARKET FOR OTHERS, BY COUNTRY 2022 AND 2032(%)
FIGURE 25. MACHINE SAFETY MARKET BY REGION, 2022(%)
FIGURE 26. U.S. MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 27. CANADA MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 28. MEXICO MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 29. UK MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 30. GERMANY MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 31. FRANCE MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 32. REST OF EUROPE MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 33. CHINA MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 34. JAPAN MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 35. INDIA MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 36. SOUTH KOREA MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 37. REST OF ASIA-PACIFIC MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 38. LATIN AMERICA MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 39. MIDDLE EAST MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 40. AFRICA MACHINE SAFETY MARKET, 2022-2032 ($MILLION)
FIGURE 41. TOP WINNING STRATEGIES, BY YEAR
FIGURE 42. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 43. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 44. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 45. COMPETITIVE DASHBOARD
FIGURE 46. COMPETITIVE HEATMAP: MACHINE SAFETY MARKET
FIGURE 47. TOP PLAYER POSITIONING, 2022
FIGURE 48. ROCKWELL AUTOMATION: NET SALES, 2020-2022 ($MILLION)
FIGURE 49. ROCKWELL AUTOMATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 50. ROCKWELL AUTOMATION: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 51. ROCKWELL AUTOMATION: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 52. OMRON CORPORATION.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 53. OMRON CORPORATION.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 54. OMRON CORPORATION.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 55. EMERSON ELECTRIC COMPANY: NET SALES, 2020-2022 ($MILLION)
FIGURE 56. EMERSON ELECTRIC COMPANY: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 57. EMERSON ELECTRIC COMPANY: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 58. EMERSON ELECTRIC COMPANY: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 59. HONEYWELL INTERNATIONAL, INC.: NET SALES, 2020-2022 ($MILLION)
FIGURE 60. HONEYWELL INTERNATIONAL, INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 61. HONEYWELL INTERNATIONAL, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 62. HONEYWELL INTERNATIONAL, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 63. KEYENCE CORPORATION: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 64. KEYENCE CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 65. KEYENCE CORPORATION: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 66. MITSUBISHI ELECTRIC CORPORATION: NET SALES, 2020-2022 ($MILLION)
FIGURE 67. MITSUBISHI ELECTRIC CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 68. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 69. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 70. SICK AG: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 71. SICK AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 72. SICK AG: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 73. SICK AG: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 74. SCHNEIDER ELECTRIC SE.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 75. SCHNEIDER ELECTRIC SE.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 76. SCHNEIDER ELECTRIC SE.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 77. SIEMENS : NET REVENUE, 2020-2022 ($MILLION)
FIGURE 78. SIEMENS : REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 79. SIEMENS : REVENUE SHARE BY REGION, 2021 (%)

Executive Summary

According to a new report, titled, 'Machine Safety Market,' The machine safety market was valued at $5.5 billion in 2022, and is estimated to reach $10.3 billion by 2032, growing at a CAGR of 6.5% from 2023 to 2032.

Machine safety refers to the measures taken to ensure that machines operate safely and do not pose any harm or risk to people working with or around them. This includes designing machines with safety features, providing protective equipment and training for workers, implementing safety protocols and procedures, and regularly inspecting and maintaining machines to ensure their safe operation. Machine safety is crucial in preventing workplace accidents and injuries, and it is essential for businesses to comply with safety regulations and standards to protect their workers and avoid legal liabilities. Advanced safety technologies such as safety sensors, interlocks, and light curtains are also widely used to enhance machine safety and reduce the risk of accidents.

The machine safety market has been experiencing steady growth due to the increasing industrialization and demand for safe working environments. The market is mainly dominated by the manufacturing industry, which includes various sectors such as food and beverage, pharmaceutical, and automotive industries. Mexico holds a significant market share in the region due to the adoption of Industry 4.0 technologies and automation in manufacturing processes. The market presents several growth opportunities, such as the adoption of advanced safety technologies like safety sensors, interlocks, and light curtains, and the increasing demand for safety systems that are easy to install, maintain, and operate. Additionally, the growing focus on workplace safety regulations and the rising number of workplace accidents also contribute to the market's growth.

However, the machine safety market also faces several challenges, such as a shortage of skilled labor and technical expertise, particularly in rural areas. The high cost of implementing safety systems can also be a barrier to entry for small and medium-sized enterprises. Moreover, the lack of awareness among businesses about the importance of machine safety is also a hindrance to the market's growth.

To leverage the growth opportunities presented by the machine safety market, businesses must invest in safety technologies, develop necessary skills and expertise, and work closely with regulatory bodies to ensure compliance with safety standards. Furthermore, governments and organizations in the region should increase awareness about the importance of machine safety and provide support to businesses to overcome the challenges they face in implementing safety systems. Overall, the machine safety market presents significant growth opportunities for businesses and contributes to promoting safer working environments in the region.

The machine safety market is growing across several countries and industries, driven by the need for safer working environments and the increasing adoption of safety technologies. For example, in the U.S., the food and beverage industry is a significant contributor to the machine safety market's growth. The U.S. has a large food and beverage industry, with companies like Coca-Cola and PepsiCo manufacturing and distributing beverages worldwide. These companies have implemented machine safety technology like safety interlocks and emergency stop systems to prevent accidents and injuries in their facilities.

Similarly, China is one of the world's largest producers of construction and mining equipment, with companies like Sany and Zoomlion manufacturing heavy machinery and vehicles for these industries. These companies have implemented machine safety technology like anti-collision systems and obstacle detection sensors to ensure worker safety and prevent accidents.

The machine safety market is segmented into component, implementation, industry vertical, and region. By component, the market is divided into safety sensors, safety interlock switches, safety controllers, and others. On the basis of implementation, it is bifurcated into individual, and embedded. Depending on industry vertical, it is segregated into oil & gas, healthcare, automotive, metals & mining, and others. By region, the machine safety market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the machine safety industry include ABB Ltd., Emerson Electric Co., Honeywell International Inc., KEYENCE CORPORATION, Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation Inc., Schneider Electric SE, SICK AG, Siemens AG, and B&R Automation. The players in the market have been actively engaged in the adoption of various strategies such as product launches, strategic alliances, and innovations to remain competitive and gain an advantage over the competitors in the market.

Key Market Insights

The safety interlock switches segment was the major revenue generator in the machine safety market in 2022, contributing $1,707.1 million. This segment is expected to grow at a CAGR of 5.0% and reach $2,763.5 million by 2032.
  • By implementation, the embedded segment was the highest revenue contributor to the market, with $3,679.4 million in 2022, and is estimated to reach $6,524.2 million by 2032, with a CAGR of 6.0%
The automotive segment emerged as the top revenue-generating industry vertical in the machine safety market, contributing $1,660.1 million in 2022. This segment is expected to grow at a CAGR of 5.5% and is estimated to reach $2,814.1 million by 2032.

North America emerged as the top revenue-generating region in the machine safety market, with a contribution of $1,925.9 million in 2022. This country is expected to exhibit a CAGR of 5.3% and is estimated to reach $3,218.0 million by 2032.

Companies Mentioned

  • ABB Ltd.
  • B&R Automation
  • Emerson Electric Co.
  • Honeywell International, Inc.
  • KEYENCE CORPORATION
  • Mitsubishi Electric Corporation
  • OMRON Corporation
  • Rockwell Automation
  • Schneider Electric SE
  • SICK AG
  • Siemens AG

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages403
PublishedMay 2023
Forecast Period2022 - 2032
Estimated Market Value ( USD ) in 2022 $ 5.48 Billion
Forecasted Market Value ( USD ) by 2032 $ 10.28 Billion
Compound Annual Growth Rate6.5%
Regions CoveredGlobal
No. of Companies Mentioned11

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