Improvements in Operations Processes Drive the European Machine Safety Market Growth

Stringent regulatory norms in Europe are supporting the strong growth of the machine safety market in the region. Enhanced productivity and profitability of processes and plants due to safer working environments provided by machine safety systems are set to boost market prospects. Many major market participants recognise that safety is a good business. New analysis from Frost & Sullivan, "Strategic Analysis of the European Machine Safety Market", finds that the market earned revenues of $422.0 million in 2010 and estimates this to reach $565.6 million in 2017. The following end-user industries are covered in the research: automotive, food and beverage, packaging and material handling, machine tool builders, electronic and semiconductors, pharmaceuticals, dye and press protection, and others (aerospace and defence, metals and mining, and printing).
"Rising awareness about their benefits will promote demand for machine safety systems," notes Frost & Sullivan Research Analyst Katarzyna Owczarczyk. "There is a huge latent demand in the retrofit market, with opportunities to upgrade machines that have obsolete systems."
Machine safety solutions improve the overall equipment efficiency (OEE) of machines; they enhance production uptime by reducing the number of unprecedented shutdowns. This is critical for companies who operate in an intensely competitive environment and who have to constantly strive to obtain better profit margins through operational effectiveness.