Machine-Safety Market Expected To Reach $6.58 Billion by 2025August 1, 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. The market is expected to grow from $4.37 billion in 2018 to $6.58 billion by 2025, at a compounded annual growth rate of 6 percent.
According to the report, growing emphasis on industrial safety and proactive safety measures, the rising number of accidents in industries, mandatory safety standards and government policies, and increasing demand for presence-sensing safety devices are driving growth in the machine-safety market.
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