Report Information on North America Machine Safety Market Research by Implementation, by Sales channel, by Application, by Industry Forecast to 2032

Description

List of Tables

Report Information on North America Machine Safety Market Research by Implementation (Components and Embedded Components), by Sales channel (OEM and Aftermarket), by Application (Assembly, Material Handling, Metal Working, Packaging, Robotics, and Others), by Industry (oil & gas, chemicals, aerospace, semiconductor & electronics, food & beverages, automotive, healthcare, and others) Forecast to 2032

Market Overview

According to MRFR, the Machine Safety Market has experienced substantial growth in recent years. It is estimated to reach USD 2,133.02 billion by 2032, growing at an 8.2% CAGR over the forecast period (2024-2032).

Machines are an essential aspect of the modern world, powering industries and making people's lives more efficient. However, their strength and intricacy can pose threats to those who work with or around them. Machine safety refers to the methods, policies, and standards put in place to protect the well-being of people who interact with machines. The significance of machine safety, an examination of important standards, and a focus on the key principles of risk assessment and control. Machine safety is a top priority in any sector because it assures the safety of personnel and assets while reducing production downtime and liability risk. Most manufacturing locations have a variety of machinery assembly, which adds complexity to the operation.

As the world of industry evolves, so does the landscape of machine safety, which is being transformed by rapid technological innovation and the advent of creative solutions. Consider the rise of smart sensors and connected devices, which are altering how machinery is monitored and managed. By combining real-time data streams, these cutting-edge technologies can detect potential malfunctions, anticipate maintenance requirements, and even predict equipment breakdowns before they occur, all while offering vital insights into the overall performance and safety of the manufacturing environment.

However, the impact of technology on machine safety goes much beyond sensors and software. The introduction of collaborative robotics, for example, is profoundly altering how humans and robots interact on the production floor. These intelligent, adaptable technologies are designed to function seamlessly with their human counterparts, changing their actions and behaviors to ensure the operators' safety while maintaining high levels of efficiency.

Market Segmentation

The machine safety market is divided into two categories based on implementation: separate components and embedded components.

The North American Machine Safety market is divided into two sales channels: OEM and aftermarket.

The machine safety market is divided into applications such as assembly, material handling, metalworking, packaging, robotics, and others.

The market is divided into industries, including oil and gas, chemicals, aerospace, semiconductors and electronics, food and drinks, automotive, healthcare, and others.

The North America Machine Safety Market is categorized by country, with the United States, Mexico, and Canada.

Major Players

Key market players include Rockwell Automation, Inc., Honeywell International, Inc., Sick AG, ABB, Schneider Electric SE, Mitsubishi Electric Corporation, Pilz GmbH & Co. KG, Keyence Corporation, Banner Engineering Corp, Omron Corporation, Balluff Inc, Yokogawa Electric Corporation, Siemens, Datalogic, and Phoenix Contact.

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 STRICT MACHINE SAFETY MANDATES
- 4.2.2 HIGH REQUIREMENTS FOR RELIABLE SAFETY SYSTEMS TO ASSET PROTECTION
4.3 RESTRAINTS
- 4.3.1 REQUIREMENTS FOR HUGE CAPITAL TO INSTALL AND AUTOMATE MACHINE SAFETY SYSTEMS
4.4 OPPORTUNITY
- 4.4.1 INCREASING USE OF IOT TO ENSURE BETTER MANAGEMENT AND IMPROVED PERFORMANCE OF MACHINE ASSETS
4.5 COVID-19 IMPACT ANALYSIS
- 4.5.1 IMPACT ON DEMAND AND SUBSEQUENT DECLINE IN MACHINE SAFETY MARKET
- 4.5.2 IMPACT ON SEMICONDUCTOR MANUFACTURERS
- 4.5.3 IMPACT ON COMPONENT MANUFACTURERS
- 4.5.4 COVID-19 IMPACT ON SUPPLY CHAIN DELAY

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 COMPANIES/DISTRIBUTORS
- 5.1.2 END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 NORTH AMERICA MACHINE SAFETY MARKET, BY IMPLEMENTATION

6.1 INTRODUCTION
6.2 INDIVIDUAL COMPONENTS
6.3 EMBEDDED COMPONENTS

7 NORTH AMERICA MACHINE SAFETY MARKET, BY COMPONENT

7.1 INTRODUCTION
7.2 PRESENCE-SENSING SAFETY SENSORS
7.3 EMERGENCY STOP DEVICES
7.4 PROGRAMMABLE SAFETY SYSTEMS
7.5 SAFETY CONTROLLER/MODULES/RELAYS
7.6 SAFETY INTERLOCK SWITCHES
7.7 TWO-HAND SAFETY CONTROLS
7.8 OTHERS

8 NORTH AMERICA MACHINE SAFETY MARKET, BY SALES CHANNEL

8.1 INTRODUCTION
8.2 OEM
8.3 AFTERMARKET

9 NORTH AMERICA MACHINE SAFETY MARKET, BY APPLICATION

9.1 INTRODUCTION
9.2 ASSEMBLY
9.3 MATERIAL HANDLING
9.4 METAL WORKING
9.5 PACKAGING
9.6 ROBOTICS
9.7 OTHERS

10 NORTH AMERICA MACHINE SAFETY MARKET, BY INDUSTRY

10.1 INTRODUCTION
10.2 OIL & GAS
10.3 CHEMICALS
10.4 AEROSPACE
10.5 SEMICONDUCTOR & ELECTRONICS
10.6 FOOD & BEVERAGES
10.7 AUTOMOTIVE
10.8 HEALTHCARE
10.9 OTHERS

11 NORTH AMERICA MACHINE SAFETY MARKET, BY COUNTRY

11.1 OVERVIEW
- 11.1.1 US
- 11.1.2 CANADA
- 11.1.3 MEXICO

12 COMPETITIVE LANDSCAPE

12.1 COMPETITIVE BENCHMARKING
12.2 VENDOR SHARE ANALYSIS
12.3 RECENT DEVELOPMENTS
- 12.3.1 PRODUCT DEVELOPMENT
- 12.3.2 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS

13 COMPANY PROFILES

13.1 ROCKWELL AUTOMATION, INC.
- 13.1.1 COMPANY OVERVIEW
- 13.1.2 FINANCIAL OVERVIEW
- 13.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.1.4 KEY DEVELOPMENTS
- 13.1.5 SWOT ANALYSIS
- 13.1.6 KEY STRATEGIES
13.2 HONEYWELL INTERNATIONAL, INC.
- 13.2.1 COMPANY OVERVIEW
- 13.2.2 FINANCIAL OVERVIEW
- 13.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.2.4 KEY DEVELOPMENTS
- 13.2.5 SWOT ANALYSIS
- 13.2.6 KEY STRATEGIES
13.3 SICK AG
- 13.3.1 COMPANY OVERVIEW
- 13.3.2 FINANCIAL OVERVIEW
- 13.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.3.4 KEY DEVELOPMENTS
- 13.3.5 SWOT ANALYSIS
- 13.3.6 KEY STRATEGIES
13.4 ABB GROUP
- 13.4.1 COMPANY OVERVIEW
- 13.4.2 FINANCIAL OVERVIEW
- 13.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.4.4 KEY DEVELOPMENTS
- 13.4.5 SWOT ANALYSIS
- 13.4.6 KEY STRATEGIES
13.5 SCHNEIDER ELECTRIC SE
- 13.5.1 COMPANY OVERVIEW
- 13.5.2 FINANCIAL OVERVIEW
- 13.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.5.4 KEY DEVELOPMENTS
- 13.5.5 SWOT ANALYSIS
- 13.5.6 KEY STRATEGIES
13.6 MITSUBISHI ELECTRIC CORPORATION
- 13.6.1 COMPANY OVERVIEW
- 13.6.2 FINANCIAL OVERVIEW
- 13.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.6.4 KEY DEVELOPMENTS
- 13.6.5 SWOT ANALYSIS
- 13.6.6 KEY STRATEGIES
13.7 PILZ GMBH & CO. KG
- 13.7.1 COMPANY OVERVIEW
- 13.7.2 FINANCIAL OVERVIEW
- 13.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.7.4 KEY DEVELOPMENTS
13.8 KEYENCE CORPORATION
- 13.8.1 COMPANY OVERVIEW
- 13.8.2 FINANCIAL OVERVIEW
- 13.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.8.4 KEY DEVELOPMENTS
- 13.8.5 SWOT ANALYSIS
- 13.8.6 KEY STRATEGIES
13.9 BANNER ENGINEERING CORP
- 13.9.1 COMPANY OVERVIEW
- 13.9.2 FINANCIAL OVERVIEW
- 13.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.9.4 KEY DEVELOPMENTS
13.10 OMRON CORPORATION
- 13.10.1 COMPANY OVERVIEW
- 13.10.2 FINANCIAL OVERVIEW
- 13.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.10.4 KEY DEVELOPMENTS
- 13.10.5 SWOT ANALYSIS
- 13.10.6 KEY STRATEGIES
13.11 BALLUFF INC
- 13.11.1 COMPANY OVERVIEW
- 13.11.2 FINANCIAL OVERVIEW
- 13.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.11.4 KEY DEVELOPMENTS
13.12 YOKOGAWA ELECTRIC CORPORATION
- 13.12.1 COMPANY OVERVIEW
- 13.12.2 FINANCIAL OVERVIEW
- 13.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.12.4 KEY DEVELOPMENTS
- 13.12.5 SWOT ANALYSIS
- 13.12.6 KEY STRATEGIES
13.13 SIEMENS
- 13.13.1 COMPANY OVERVIEW
- 13.13.2 FINANCIAL OVERVIEW
- 13.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.13.4 KEY DEVELOPMENTS
- 13.13.5 SWOT ANALYSIS
- 13.13.6 KEY STRATEGIES
13.14 DATALOGIC
- 13.14.1 COMPANY OVERVIEW
- 13.14.2 FINANCIAL OVERVIEW
- 13.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.14.4 KEY DEVELOPMENTS
- 13.14.5 SWOT ANALYSIS
- 13.14.6 KEY STRATEGIES
13.15 PHOENIX CONTACT
- 13.15.1 COMPANY OVERVIEW
- 13.15.2 FINANCIAL OVERVIEW
- 13.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.15.4 KEY DEVELOPMENTS

LIST OF TABLES

TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT
TABLE 2 NORTH AMERICA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2018-2032 (USD BILLION)
TABLE 3 NORTH AMERICA MACHINE SAFETY MARKET, BY COMPONENT, 2018-2032 (USD BILLION)
TABLE 4 NORTH AMERICA MACHINE SAFETY MARKET, BY SALES CHANNEL, 2018-2032 (USD BILLION)
TABLE 5 NORTH AMERICA MACHINE SAFETY MARKET, BY APPLICATION, 2018-2032 (USD BILLION)
TABLE 6 NORTH AMERICA MACHINE SAFETY MARKET, BY INDUSTRY, 2018-2032 (USD BILLION)
TABLE 7 NORTH AMERICA MACHINE SAFETY MARKET, BY COUNTRY 2019-2032 (USD MILLION)
TABLE 8 US MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2018-2032 (USD BILLION)
TABLE 9 US MACHINE SAFETY MARKET, BY COMPONENT, 2018-2032 (USD BILLION)
TABLE 10 US MACHINE SAFETY MARKET, BY SALES CHANNEL, 2018-2032 (USD BILLION)
TABLE 11 US MACHINE SAFETY MARKET, BY APPLICATION, 2018-2032 (USD BILLION)
TABLE 12 US MACHINE SAFETY MARKET, BY INDUSTRY, 2018-2032 (USD BILLION)
TABLE 13 CANADA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2018-2032 (USD BILLION)
TABLE 14 CANADA MACHINE SAFETY MARKET, BY COMPONENT, 2018-2032 (USD BILLION)
TABLE 15 CANADA MACHINE SAFETY MARKET, BY SALES CHANNEL, 2018-2032 (USD BILLION)
TABLE 16 CANADA MACHINE SAFETY MARKET, BY APPLICATION, 2018-2032 (USD BILLION)
TABLE 17 CANADA MACHINE SAFETY MARKET, BY INDUSTRY, 2018-2032 (USD BILLION)
TABLE 18 MEXICO MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2018-2032 (USD BILLION)
TABLE 19 MEXICO MACHINE SAFETY MARKET, BY COMPONENT, 2018-2032 (USD BILLION)
TABLE 20 MEXICO MACHINE SAFETY MARKET, BY SALES CHANNEL, 2018-2032 (USD BILLION)
TABLE 21 MEXICO MACHINE SAFETY MARKET, BY APPLICATION, 2018-2032 (USD BILLION)
TABLE 22 MEXICO MACHINE SAFETY MARKET, BY INDUSTRY, 2018-2032 (USD BILLION)
TABLE 23 PRODUCT DEVELOPMENT
TABLE 24 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS
TABLE 25 ROCKWELL AUTOMATION, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 26 ROCKWELL AUTOMATION, INC.: KEY DEVELOPMENTS
TABLE 27 HONEYWELL INTERNATIONAL, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 28 HONEYWELL INTERNATIONAL, INC.: KEY DEVELOPMENTS
TABLE 29 SICK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 30 SICK AG: KEY DEVELOPMENTS
TABLE 31 ABB GROUP: PRODUCTS/SOLUTIONS OFFERED
TABLE 32 ABB GROUP: KEY DEVELOPMENTS
TABLE 33 SCHNEIDER ELECTRIC SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 34 SCHNEIDER ELECTRIC SE: KEY DEVELOPMENTS
TABLE 35 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 36 MITSUBISHI ELECTRIC :KEY DEVELOPMENTS
TABLE 37 PILZ GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 38 PILZ GMBH & CO. KG: KEY DEVELOPMENTS
TABLE 39 KEYENCE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 40 KEYENCE CORPORATION: KEY DEVELOPMENTS
TABLE 41 BANNER ENGINEERING CORP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 42 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 43 OMRON CORPORATION: KEY DEVELOPMENTS
TABLE 44 BALLUFF INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 45 BALLUF INC : KEY DEVELOPMENTS
TABLE 46 YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 47 YOKOGAWA ELECTRIC CORPORATION : KEY DEVELOPMENTS
TABLE 48 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 49 DATALOGIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 50 DATALOGIC: KEY DEVELOPMENTS
TABLE 51 PHOENIX CONTACT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 52 PHOENIX CONTACT: KEY DEVELOPMENTS

LIST OF FIGURES

FIGURE 1 NORTH AMERICA MACHINE SAFETY MARKET: STRUCTURE
FIGURE 2 NORTH AMERICA MACHINE SAFETY MARKET: MARKET GROWTH FACTOR ANALYSIS (2019-2032)
FIGURE 3 DRIVER IMPACT ANALYSIS (2024-2032)
FIGURE 4 RESTRAINT IMPACT ANALYSIS (2023-2032)
FIGURE 5 OPPORTUNITY IMPACT FORECAST
FIGURE 6 MACHINE SAFETY MARKET: SUPPLY CHAIN
FIGURE 7 PORTER'S FIVE FORCES ANALYSIS OF THE MACHINE SAFETY MARKET
FIGURE 8 NORTH AMERICA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2023 & 2032 (USD BILLION)
FIGURE 9 NORTH AMERICA MACHINE SAFETY MARKET, BY IMPLEMENTATION, 2023 (% SHARE)
FIGURE 10 NORTH AMERICA MACHINE SAFETY MARKET, BY COMPONENT, 2023 & 2032 (USD BILLION)
FIGURE 11 NORTH AMERICA MACHINE SAFETY MARKET, BY COMPONENT, 2023 (% SHARE)
FIGURE 12 NORTH AMERICA MACHINE SAFETY MARKET, BY SALES CHANNEL, 2023 & 2032 (USD BILLION)
FIGURE 13 NORTH AMERICA MACHINE SAFETY MARKET, BY SALES CHANNEL, 2023 (% SHARE)
FIGURE 14 NORTH AMERICA MACHINE SAFETY MARKET, BY APPLICATION, 2023 & 2032 (USD BILLION)
FIGURE 15 NORTH AMERICA MACHINE SAFETY MARKET, BY APPLICATION, 2023 (% SHARE)
FIGURE 16 NORTH AMERICA MACHINE SAFETY MARKET, BY INDUSTRY, 2023 & 2032 (USD BILLION)
FIGURE 17 NORTH AMERICA MACHINE SAFETY MARKET, BY INDUSTRY, 2023 (% SHARE)
FIGURE 18 NORTH AMERICA MACHINE SAFETY MARKET, BY COUNTRY, 2023 (% SHARE)
FIGURE 19 NORTH AMERICA MACHINE SAFETY MARKET, BY COUNTRY, 2023 (% SHARE)
FIGURE 20 GLOBAL MACHINE SAFETY MARKET: COMPETITIVE BENCHMARKING
FIGURE 21 VENDOR SHARE ANALYSIS (2023, %)
FIGURE 22 ROCKWELL AUTOMATION, INC.: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 23 ROCKWELL AUTOMATION, INC.: SWOT ANALYSIS
FIGURE 24 HONEYWELL INTERNATIONAL, INC.: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 25 HONEYWELL INTERNATIONAL, INC.: SWOT ANALYSIS
FIGURE 26 SICK AG: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 27 SICK AG: SWOT ANALYSIS
FIGURE 28 ABB GROUP: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 29 ABB GROUP: SWOT ANALYSIS
FIGURE 30 SCHNEIDER ELECTRIC SE: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 31 SCHNEIDER ELECTRIC SE: SWOT ANALYSIS
FIGURE 32 MITSUBISHI ELECTRIC CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 33 MITSUBISHI ELECTRIC CORPORATION: SWOT ANALYSIS
FIGURE 34 KEYENCE CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 35 KEYENCE CORPORATION: SWOT ANALYSIS
FIGURE 36 OMRON CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 37 OMRON CORPORATION: SWOT ANALYSIS
FIGURE 38 YOKOGAWA ELECTRIC CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 39 YOKOGAWA ELECTRIC CORPORATION: SWOT ANALYSIS
FIGURE 40 SIEMENS: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 41 SIEMENS: SWOT ANALYSIS