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.
Scope of the Study
Market Segments Covered in the Report:
By Enterprise Size
By Type
- Equipment-Based
- Task-Based
By Vertical
- Industrial
- Consumer Electronics
- Food & Beverages
- Medical
- Automotive
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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)
- Pilz GmbH & Co. KG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Machine Risk Assessment Market, by Enterprise Size
1.4.2 North America Machine Risk Assessment Market, by Type
1.4.3 North America Machine Risk Assessment Market, by Vertical
1.4.4 North America Machine Risk Assessment Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. North America Machine Risk Assessment Market by Enterprise Size
4.1 North America Large Enterprises Market by Country
4.2 North America SMEs Market by Country
Chapter 5. North America Machine Risk Assessment Market by Type
5.1 North America Equipment-Based Market by Country
5.2 North America Task-Based Market by Country
Chapter 6. North America Machine Risk Assessment Market by Vertical
6.1 North America Industrial Market by Country
6.2 North America Consumer Electronics Market by Country
6.3 North America Food & Beverages Market by Country
6.4 North America Medical Market by Country
6.5 North America Automotive Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Machine Risk Assessment Market by Country
7.1 US Machine Risk Assessment Market
7.1.1 US Machine Risk Assessment Market by Enterprise Size
7.1.2 US Machine Risk Assessment Market by Type
7.1.3 US Machine Risk Assessment Market by Vertical
7.2 Canada Machine Risk Assessment Market
7.2.1 Canada Machine Risk Assessment Market by Enterprise Size
7.2.2 Canada Machine Risk Assessment Market by Type
7.2.3 Canada Machine Risk Assessment Market by Vertical
7.3 Mexico Machine Risk Assessment Market
7.3.1 Mexico Machine Risk Assessment Market by Enterprise Size
7.3.2 Mexico Machine Risk Assessment Market by Type
7.3.3 Mexico Machine Risk Assessment Market by Vertical
7.4 Rest of North America Machine Risk Assessment Market
7.4.1 Rest of North America Machine Risk Assessment Market by Enterprise Size
7.4.2 Rest of North America Machine Risk Assessment Market by Type
7.4.3 Rest of North America Machine Risk Assessment Market by Vertical
Chapter 8. Company Profiles
8.1 Keyence Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Omron Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.5.3 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Sick AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Rockwell Automation, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.5.3 Product Launches and Product Expansions:
8.5 Stantec, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.6 TÜV Nord Group
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.7 Rockford Systems, LLC
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.7.2.2 Product Launches and Product Expansions:
8.8 UL LLC
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.8.2.2 Acquisition and Mergers:
8.9 Advanced Technology Services, Inc./ATS (WestView Capital Partners)
8.9.1 Company Overview
8.10. Pilz GmbH & Co. KG
8.10.1 Company Overview
TABLE 1 North America Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 2 North America Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Machine Risk Assessment Market
TABLE 4 Product Launches And Product Expansions– Machine Risk Assessment Market
TABLE 5 Acquisition and Mergers– Machine Risk Assessment Market
TABLE 6 North America Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 7 North America Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 8 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 10 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 11 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 13 North America Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 14 North America Equipment-Based Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Equipment-Based Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Task-Based Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Task-Based Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 19 North America Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 20 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Consumer Electronics Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Consumer Electronics Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Medical Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Medical Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Machine Risk Assessment Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Machine Risk Assessment Market by Country, 2022 - 2028, USD Million
TABLE 34 US Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 35 US Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 36 US Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 37 US Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 38 US Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 39 US Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 40 US Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 41 US Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 42 Canada Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 43 Canada Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 44 Canada Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 45 Canada Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 46 Canada Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 47 Canada Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 48 Canada Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 49 Canada Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 50 Mexico Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 51 Mexico Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 52 Mexico Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 53 Mexico Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 54 Mexico Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 55 Mexico Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 56 Mexico Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 57 Mexico Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 58 Rest of North America Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 59 Rest of North America Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 60 Rest of North America Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 61 Rest of North America Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 62 Rest of North America Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 63 Rest of North America Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 64 Rest of North America Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 65 Rest of North America Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 66 key information – Keyence Corporation
TABLE 67 Key Information – Omron Corporation
TABLE 68 Key Information – Sick AG
TABLE 69 Key information – Rockwell Automation, Inc.
TABLE 70 Key Information – Stantec, Inc.
TABLE 71 Key Information – TÜV NORD GROUP
TABLE 72 Key Information – Rockford Systems, LLC
TABLE 73 Key Information – UL LLC
TABLE 74 Key Information – Advanced Technology Services, Inc./ATS
TABLE 75 Key Information – Pilz GmbH & Co. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 SWOT Analysis: Keyence Corporation
FIG 5 Recent strategies and developments: Omron Corporation
FIG 6 SWOT Analysis: Omron Corporation
FIG 7 SWOT Analysis: Sick AG
FIG 8 Recent strategies and developments: Rockwell Automation, Inc.
FIG 9 Recent strategies and developments: Rockford Systems, llc
FIG 10 Recent strategies and developments: UL LLC