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Machine-Safety Market Expected To Be $6.58 Billion by 2025, Says Report

Monday, May 21, 2018
 

A newly released report, Machine Safety Market by Component, Implementation, Application, Industry and Region – Global Forecast to 2025, published by MarketsandMarkets, predicts robust growth for the global machine-safety market, growing from $4.37 billion in 2018 to $6.58 billion by 2025, at a compound annual growth rate of 6 percent between 2018 and 2025.

The report says 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 machine-safety market.




 


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