[168 Pages Report] The machine safety market was valued at USD 4.14 Billion in 2017 and is expected to reach USD 6.58 Billion by 2025, at a CAGR of 6.0% during the forecast period. Growing emphasis on industrial safety and proactive safety measures, rising number of accidents in industries, mandatory safety standards and government policies, and increasing demand for presence-sensing safety devices are driving the growth of the market.
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Factors that are driving the growth of the market include growing emphasis on industrial safety and proactive safety measures, rising number of accidents in industries, mandatory safety standards and government policies, and increasing demand for presence-sensing safety devices. However, failure to protect workers and machines from secondary hazards, along with additional costs associated with machine safety systems, is hindering the growth of the market. Evolution of Industrial Revolution 4.0 and development of new and improved safety light curtains with digital indicators provide growth opportunities for the machine safety market. The machine safety market has been segmented on the basis of component, implementation, application, industry, and region.
The leading position of presence-sensing safety sensors, in terms of market size, can be attributed to the increasing security requirements to protect workers and production units from accidents. Safety sensors play an important role in implementing machine safety solutions in various industrial applications. Presence-sensing safety devices are suitable for applications in which personnel need frequent and safe access to critical areas near robotic welding, stamping, hydraulic presses, filter presses, or packaging equipment. The market for programmable safety systems is expected to grow at the highest rate between 2018 and 2025.
Machine safety functions such as controlling, limiting, and positioning are a must for automated robotic processes. Machine safety products sense emergency situations and stop robots from making and damaging products or harming operators. However, the market for assembly applications is expected to grow at a high rate during the forecast period. Assembling is a continuous, fast, and precise process; it is required to be error-free. Moving parts of machinery and other potential hazards can cause harm to workers; therefore, it is necessary to adopt machine safety measures for assembly applications. Implementation of machine safety systems in assembly lines involves the use of a shield or device covering hazardous area of a machine to prevent contact with the human body.
The automotive industry held the largest size of the machine safety market in 2017. The rising demand for automobiles owing to the increasing population with purchasing power worldwide and the feasibility of easy loans is driving the growth of the market for the automotive industry. The development of environmentally friendly electric vehicles has led to the creation of a new segment of automobiles.
The rising adoption of machine safety systems, such as safety light curtains, safety switches, emergency stop devices, and safety sensors, for assembly, presses, material handling applications in the automotive industry is driving the growth of the machine safety market for the automotive industry. The machine safety market for the food & beverages industry is expected to grow at a high rate between 2018 and 2025.
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The presence of automotive manufacturers and increasing automation in the automotive industry in Europe support the growth of the machine safety market in this region. Manufacturing process in the automotive industry is complex; it requires safety measures to ensure the safety of personnel as well as machines for the smooth functioning of the industry. However, among all regions, the machine safety market in APAC is expected to grow at the highest rate during the forecast period. The adoption of safety automation solutions in manufacturing industries in this region is increasing significantly with rapid industrialization, thereby contributing to market growth.
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