The North America Machine Risk Assessment Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Machine hazard identification & task analysis call for the systematic identification of dangers that are fairly predictable (permanent as well as those that may occur unexpectedly), dangerous circumstances, and/or dangerous events. This will consider all jobs and interventions, potential machine states, and operator errors such as reasonably foreseeable misuse.
For each dangerous circumstance found in the preceding phase, a machine risk estimation is performed. That is, when a risk, such as a misuse that is reasonably foreseeable, could cause harm during an intervention or task. The person doing the DRA has to decide whether risk reduction is necessary for the risk evaluation stage of the machine risk assessment. In the event that it is not, the DRA is informed. Whenever risk reduction is necessary, they must consider the relevant safety precautions to bring the risk down to a manageable level.
The regional governments have necessitated implementing safety measures in light of the increasing work-related fatalities. Hundreds of people die each year and suffer major injuries due to machinery-related risks. In the United States in 2019, there were 2,963 fatalities in the manufacturing, agricultural, forestry, fishing and hunting, transportation and warehousing, and construction sectors. In addition, these industries continue to face significant challenges from serious injuries, as seen by the 6,200 non-fatal amputations in the US in 2018 and involved machinery 58% of the time. Hence, thereby boosting the market growth in North America.
The US market dominated the North America Machine Risk Assessment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,945 million by 2028. The Canada market is poised to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.7% during (2022 - 2028).
Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Type, the market is segmented into Equipment-Based and Task-Based. Based on Vertical, the market is segmented into Industrial, Consumer Electronics, Food & Beverages, Medical, Automotive and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Machine Risk Assessment Market is Projected to reach USD 7.8 Billion by 2028, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Keyence Corporation, Omron Corporation, Sick AG, Rockwell Automation, Inc., Stantec, Inc., TÜV Nord Group, Rockford Systems, LLC, UL LLC, Advanced Technology Services, Inc./ATS (WestView Capital Partners) and Pilz GmbH & Co. KG.
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