Machine Safety Market By Component (Presence Sensing Safety Sensors, Safety Interlock Switches, Programmable Safety Systems, Emergency Stop Controls Safety Modules), Industry (Automotive, Food & Beverages, Packaging, Pharmaceuticals, Electronics & Semiconductors) & Region - Forecast to 2021 - 2031

2021-2031 Machine Safety Market Outlook Compared to 2016-2020

The global machine safety market is estimated to be valued at around US$ 5.1 Bn in 2021. The demand in the market is expected to rise at a CAGR of nearly 6.4% during the forecast period 2021-2031.

As per FMI, the industrial safety market will grow exponentially in the coming years. Integration of industrial internet of things and greater exposure to cloud, will result in higher demand for advanced industrial safety solutions. Growing demand safer industrial equipment will make machine safety highly sought-after.

Consequently, the high demand for asset protection and safety of workers is expected to drive higher sales of machine safety components.  As per Future Market Insights (FMI), the global machine safety market size will grow from US$ 5.1 Bn in 2021 to over US$ 9.4 Bn by 2031.

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Which are Popular Growth Strategies among Machine Safety Market Players?

Some of the leading market players are focusing on providing cost effective and flexible solutions for safety of workers and assets. Manufacturers are acknowledging the importance that safety plays in offering them a competitive advantage while building a good public image.

Machine safety systems help in reducing the probability of work-related injuries, thereby augmenting the efficiency of the machine operators. The economic slump has laid an obligation on manufacturers to reduce maintenance and operational costs. Owing to this, there has been immense rise in the demand for advanced machine safety solutions, thereby driving the market growth.

What Is the Impact of COVID-19 Crisis on Machine Safety Market Growth?

COVID-19 pandemic has impacted every sector. Due to social distancing norms implemented to contain the spread of the virus, organizations moved to digitalization to ensure overall safety employees and staffs.

The COVID-19 outbreak has disrupted many industries, including the machine safety market. Different end-use verticals have suffered heavily as a result of mobility and travel restrictions implemented to protect public health against the infection.

The pandemic has compelled companies to rethink how and where the employees work as well as how to monitor them. This has resulted in increasing reliance on digital services.

Owing to this, there has been rise in demand for solutions in the industrial IoT market, thereby driving the demand for machine safety solutions. Despite lockdown induced slowdown registered in affected countries, the machine safety market witnessed a noteworthy growth from around 4.9% to 5.3% Y-o-Y from 2019 to 2021

Country-wise Insights

Why is the Demand Rising in the U.S. Machine Safety Market?

According to Future Market Insights analysis, the overall machine safety spending in the U.S. alone is likely to increase at a rate of around 7.8% between 2021 and 2031. Rise in demand for safety sensors reported in the industrial safety market will eventually drive the sales in the country.

The growth in the region is primarily being driven by the rising implementation of safety rules and regulations. Worker safety regulations in the U.S. are enforced through the Occupational Safety and Health Administration (OSHA).

OSHA enforces OSHA standards as needed. Below mentioned are a few of the safety standards typically applied to fix industrial machines installed in the U.S.

• ANSI B11.0 – Safety of Machinery
• ANSI B11.19 – Performance Criteria for Safeguarding
• ANSI Z244.1 – Control of Hazardous Energy: Lockout/Tagout & Alternative Methods
• ANSI / RIA R15.06 – Safety Requirements for Industrial Robots and Robot Systems
• NFPA 79 – Electrical Standard for Industrial Machines

On the other hand, The Canada Labor Code (CLC) governs occupational safety and health in federal works, undertakings and businesses including employment on ships, trains and aircraft while in operation, and employment in the oil and gas industry in Canada Lands.

Implementation of stringent guidelines ascertaining a safe environment across industries will continue driving sales of machine safety components in the U.S. and Canada.

Why is the U.K. Machine Safety Market Considered Lucrative?

The machine safety market in the UK is anticipated to grow at a CAGR of around 7.2% over the forecast period. In recent years, there has been a growing emphasis on personnel and asset protection in European countries including the U.K., France, and Germany. Stringent machinery and equipment safety regulations is another major factor driving the market growth in the region.

European directives are precisely clear and the fundamental principal of the European community is the protection of the health of its citizens, both in the private and in the professional scope.

The European Commission and the Council of the European Union have passed various directives, in accordance with the treaty on the functioning of the European Union, with the aim of achieving free movement of goods and protecting its citizens.

Machinery safety in the UK is primarily driven by two sets of regulations, firstly, 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 Europe to carry a CE mark as described by the European Machinery Directive 2006/42/EC. As per the government of UK, these regulations apply to machinery, interchangeable equipment, safety components, lifting accessories, chains, ropes and webbing, removable mechanical transmission devices, and partly completed machinery.

Secondly, Provision and Use of Work Equipment Regulations 1998. These regulations place duties on people and companies who operate, own, or have control over the work equipment. They also position the U.K. as a key market within Europe.

What is Driving Demand in China Machine Safety Market?

According to the Future Market Insights analysis, the machine safety market in China is likely to grow at a CAGR of nearly 8.9% from 2021 and 2031. It is expected to remain the fastest growing market in East Asia. As per FMI, China recorded around 40% of total sales in the region in 2020.

Ongoing improvements in technical safety standards, coupled with strengthening personal safety awareness, are accelerating the market growth in the country. Furthermore, with increasing interactions between machines and humans, safety is considered to be an essential factor. Demand for intelligent safety solutions has been on the rise. Increasing number of consumers are demanding real-time monitoring on machines as they are looking for new ways to improve safety of industrial equipment.

For on-site workers in China, safety services are increasingly demanded by large manufacturers. The “Made in China 2025” policy of Chinese government is focused on advanced manufacturing, thereby driving the need for advanced machine safety solutions in the region.

Category-wise Insights

Which is the Top-selling Machine Safety Component?

On the basis of component, the market is segmented into presence sensing safety sensors; safety interlock switches (electromechanical, hinged pin, limit, non-contact, tongue, and, trapped key), programmable safety systems, safety modules, emergency stop controls, and others. Of these, the presence sensing safety sensors segment is anticipated to hold the largest share in the market. The growth of the segment can be attributed to the growing security requirements for protecting production units and workers from any accidents.

Factors such as the industrial revolution 4.0, rising incidents of accidents in industries, and growing need for safety light curtains in the packaging industry powered by robotics, are the also responsible for driving the demand for presence sensing safety sensors market.

Who is the Leading End User in Machine Safety Market?

In terms of Industry, the market is segmented as automotive, food & beverages, packaging, material processing, pharmaceuticals, electronics & semiconductors, and others. As per FMI, the automotive segment is anticipated to hold the largest market share.

The automotive segment is estimated to account for more than 22% of the total value share by the end of 2021. With the increasing improvement in safety devices such as safety curtains and digital indicators, demand is expected to grow in the automotive sector. However, the food & beverages segment is anticipated to grow at the highest CAGR over the forecast period.

Competitive Landscape

Companies operating in the market are aiming at innovation and strategic partnerships with other vendors in order to expand their portfolio of services while addressing the demand from an expanding customer pool. For instance:

• In October 2021, OMRON Corporation announced the launch of its new inspection system, the VT-S10 Series. The new inspection system makes use of artificial intelligence and imaging technology in order to automate high-precision processes for PCB sub-assemblies, thereby eliminating the need for specialist operator skills. The newly launched system shall help in ensuring the security and safety of the production.
• In June 2019, Schneider Electric, announced the launch of Smart Factory in the US, in order to exhibit how its EcoStruxure architecture and related suite of offerings can reduce costs for its customers and support increasing operational efficiency.

Market players are also focusing on entering into partnerships with other solution providers to target new innovations within the market. The strategy helps companies to broaden their geographic reach with additional service portfolios. 

Scope of Report

Key Points Covered in Machine Safety Industry Survey

• Which region is expected to showcase high demand for machine safety?

  South Asia & Pacific is projected to register strong growth in the market, exhibiting a CAGR of nearly 7.5% during the forecast period.

• Who are some of the leading companies offering machine safety?

  ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Schneider Electric SE, and Siemens AG, among others, are the top machine safety solution and service providers. They are likely to account for over 40% of the global market.

• Who is the leading end user in the machine safety market? 

  Automotive segment is expected to dominate the market over the forecast period, generating a maximum revenue among all by the end of 2021.

• How much is the global machine safety market worth?

  The market for machine safety was valued at ~US$ 4.8 Bn in 2020, and is estimated to grow at an exceptional pace at a CAGR of around 6.4% to reach ~US$ 9.4 Bn in 2031.

• What is machine safety market demand outlook?

  The sales of machine safety are expected to total ~US$ 5.1 Bn by the end of 2021.

• At what rate did the machine safety market grow in the last five years?

  The market in last 5 years (2016 – 2020) grew by a CAGR of around 4.8%.

• What are the key trends in the machine safety market?

  Growing demand for advanced machine safety solutions and services happens to be one of the key trends driving the market growth.

• What is driving demand in the machine safety market?

  Increasing demand for worker safety and asset protection solutions will remain the key factors driving the market.

• Which countries are key providers of machine safety?

  Some of the leading countries involved in providing machine safety include the U.S., China, Germany, U.K., and India

• What was the global machine safety market growth between 2020 and 2021?

  The global market growth between 2020 and 2021 was recorded at nearly 5.2%.

• Which are the top 5 countries driving machine safety demand?

  Leading countries driving demand for the machine safety are U.S., UK, China, Japan, and Germany.

• What is Europe machine safety market outlook?

  The Europe market is expected to rise at a CAGR of around 6.2% between 2021 and 2031.

• What is the machine safety market statistics in South Korea and Japan?

  The demand in Japan and South Korea is expected to rise at around 7.5% CAGR and 6.2% CAGR, respectively through 2031.

Machine Safety Outlook by Category

By Component:

• Presence Sensing Safety Sensors
• Safety Interlock Switches
  • Electromechanical
  • Hinged Pin
  • Limit
  • Non-Contact
  • Tongue
  • Trapped Key
• Programmable Safety Systems
• Safety Modules
• Emergency Stop Controls
• Others

By Industry:

• Automotive
• Food & Beverages
• Packaging
• Material Processing
• Pharmaceuticals
• Electronics & Semiconductors
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)