According to a recent market study published by Growth Market Reports, titled, “Machine Guarding Mesh Panel Market” by types and by end-users: Size, Share, Trends and Opportunity Analysis, 2019-2030”, the market was valued at USD 1,223.0 Million in 2021 and is expected to grow at a growth rate of 5.4% by the year 2030.

Get Sample Report @ https://growthmarketreports.com/request-sample/5256

As per Growth Market Reports industry analysts Sakshi Bhoyar and Vineet Pandey “Machine Guarding Mesh Panel Market is anticipated to witness significant growth during the forecast period 2022-2030. Surge in demand for machine safeguarding solutions in end-use industries such as semiconductor & electronics, automotive, chemical, aerospace & defense, food & beverage, and healthcare & pharmaceutical is fueling the market for machine guarding mesh panel market.

Machine guarding mesh panels create a physical barrier between workers and machines to keep workers safely away from the machine and protect workers from forklift damage. These panels are used in both manufacturing and material handling. Machine guard mesh panels are facilitating control and elimination of any accidental injuries posed by the machines to operators, workers, or even bystanders. Thus, the demand for machine guarding mesh panels is expected to increase during the forecast period.

Key factors that are anticipated to fuel the demand for the global machine guarding mesh panel market during the forecast period. Increasing adoption of machine guarding mesh panel in the manufacturing industries to reduce accidents and technological advancement in the machine guarding mesh panels is driving the market during the forecast period. Conversely, complexities associate with the product installation is hampering the growth of the market. Growing focus on custom manufacturing of machine guarding mesh panels is creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary as well as secondary research methodology is used for keen observation and study about the Global Machine Guarding Mesh Panel Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry.

On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects.

Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study

  • The players include Troax Group AB, Axelent AB, Rite-Hite, Brühl Safety GmbH, WireCrafters LLC, Husky Rack & Wire, OC-System, Garantell AB, Ningbo Vichnet Technology Co., Ltd., Spacepac Industries Pty Ltd, and Others.
  • Based on type, the global machine guarding mesh panel market is bifurcated into height less than 1500mm, height between 1500-2500mm, and height more than 2500mm. The height between 1500-2500mm segment is anticipated to expand during the forecast period, owing to the availability of a variety of mesh panel between 1500-2500 height range with features such as durability and lightweight.
  • In terms of material type, the global machine guarding mesh panel market is bifurcated into carbon steel mesh panel, stainless steel mesh panel, and aluminum mesh panel. The aluminum mesh panel segment is expected to grow during the forecast period. Aluminum wire mesh works efficiently in many applications, due to its price, quality, and adaptability, which further boosts this segment.
  • On the basis of application, the market is divided into industrial machinery, electric equipment, and others. The industrial machinery segment is expected to expand during the forecast period. Surging demand for presence-sensing safety devices, rising use of IoT, and increasing emphasis on industrial safety and proactive safety measures are driving this segment.
  • Asia Pacific accounted for a key market revenue share of over 49.9% in 2021. The market is projected to grow significantly during the forecast period, due to the presence of automotive, aerospace & defense, and industrial manufacturing verticals in the region is expected to pave growth prospects for machine guarding mesh panels during the forecast period. Hence, the market in Asia Pacific is expected to expand during the forecast period.

Report Scope

Report Metric

Details

Market Value in 2021

USD 1,223.0 Million

Market Growth Rate (from 2020 to 2028)

5.4%

Historical Data

2019 & 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

By Type, By Material Type, By Application, and By Region

Key Companies Profiled

Troax Group AB, Axelent AB, Rite-Hite, Brühl Safety GmbH, WireCrafters LLC, Husky Rack & Wire, OC-System, Garantell AB, Ningbo Vichnet Technology Co., Ltd., Spacepac Industries Pty Ltd, and Others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufactures and Suppliers/Distributors
  • Demand Side: Automotive Industry, Aerospace & Defense, Industrial Manufacturing, and others.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: Occupational Safety and Health Administration (OSHA), Code of Federal Regulations (CFR), American National Standards Institute (ANSI), and others.