How is the Machine Safety Market Size Expected to Change?
The machine safety market size has grown strongly in recent years, from $5.76 billion in 2024 to an expected $6.26 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. This vigorous growth can be accredited to increased awareness of occupational hazards and accidents, growth in industrial automation and manufacturing activities, the necessity for preventing accidents and ensuring worker safety, emphasis on employee welfare, and health in workplaces, as well stringent enforcement of safety regulations in industries.
The forecasted growth shows a robust increase, with the machine safety market size predicted to reach $8.76 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The forthcoming period can attribute this acceleration to the integration of machine safety systems with industrial IoT (IIoT) platforms, demand for machine learning and AI-powered safety solutions, expansion of robotics and collaborative robot (cobot) applications, focus on human-machine collaboration and safe interaction, research and development in next-generation safety devices and systems.
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What Factors Are Driving the Growth in the Machine Safety Market?
The growth of the machine safety market is chiefly propelled by the strict machine safety mandates introduced by governments and international organizations to prevent workplace accidents and improve public safety management. For instance, the Machine Safety Regulation (EU) 2019/2144 or the New Vehicle General Safety Regulation (GSR2), introduced in July 2024, has been pivotal in establishing updated minimum performance standards for motor vehicles in the EU, thereby leading to significant rise in the market for machine safety.
What Are The Key Segments of the Machine Safety Market?
1) By Implementation: Individual Components, Embedded Components
2) By Component: Presence Sensing Safety Sensors, Safety Interlock Switches, Safety Controllers/Modules/Relays, Programmable Safety Systems, Emergency Stop Controls, Two-Hand Safety Controls
3) By System: Assembly, Material Handling, Metal Working, Packaging, Robotics, Other Systems
4) By Industry: Oil And Gas, Energy And Power, Chemicals, Food And Beverages, Aerospace And Defense, Automotive, Semiconductor And Electronics, Healthcare And Pharmaceuticals, Metals And Mining, Other Industries
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Which Major Players are Operating in the Machine Safety Market?
Significant companies operating in the machine safety market include ABB Group, Schneider Electric SE, Honeywell International Inc., Emerson Electric Co., Rockwell Automation Inc., Siemens AG, Mitsubishi Electric Corporation, Keyence Corporation, OMRON Corporation, SICK AG, B&R Industrial Automation GmbH, Pilz GmbH & Co. KG, IDEC Corporation, ISE Controls Pvt. Ltd., Banner Engineering Corp., Fortress Interlocks Ltd., Pepperl+Fuchs GmbH, STI GmbH, Hans Turck GmbH & Co. KG, Yokogawa Electric Corporation, Leuze electronic GmbH + Co. KG, Balluff GmbH, Datalogic S.p.A., Euchner-USA Inc., Schmersal Group, Wieland Electric GmbH.
What Trends Are Shaping the Machine Safety Market?
Major companies in the machine safety market are focused on launching machine safety websites to enhance access to safety resources, streamline compliance documentation, provide comprehensive training materials, and facilitate real-time communication between manufacturers.
Which Region Is Expected To Grow the Fastest in the Machine Safety Market?
In the year 2024, Western Europe held the largest market share in the machine safety market. However, the forecast predicts Asia-Pacific to be the fastest-growing region in the market. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Insights Does The Machine Safety Market Report 2025 Offer?
Machine safety refers to the sensors, devices, or switches used to control workplace accidents and enhance production efficiency. The purpose of machine safety is to shield workers from the perils of machinery and the hazards associated with it. The Machine Safety Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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