Global Lockout Tagout Equipment Market Growth 2025-2031

The global Lockout Tagout Equipment market size is predicted to grow from US$ 270 million in 2025 to US$ 374 million in 2031; it is expected to grow at a CAGR of 5.6% from 2025 to 2031.

The Lockout Tagout Equipment market covers Electrical Equipment Lockouts, Valve Lockouts, etc. The typical players include Master Lock, Brady, Panduit, ABUS, Honeywell, etc.

Lockout-tagout (LOTO) or lock and tag is a safety procedure which is used in industry and research settings to ensure that dangerous machines are properly shut off and not able to be started up again prior to the completion of maintenance or servicing work.

The major producers in the industry are Master Lock, Brady and Panduit, with revenue ratios of 32.71%, 24.81% and 5.24% respectively in 2019.

LP Information, Inc. (LPI) ' newest research report, the “Lockout Tagout Equipment Industry Forecast” looks at past sales and reviews total world Lockout Tagout Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Lockout Tagout Equipment sales for 2025 through 2031. With Lockout Tagout Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lockout Tagout Equipment industry.

This Insight Report provides a comprehensive analysis of the global Lockout Tagout Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lockout Tagout Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lockout Tagout Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lockout Tagout Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lockout Tagout Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Lockout Tagout Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Electrical Equipment Lockouts
Valve Lockouts
Others

Segmentation by Application:
Energy and Power
Machinery
Petrochemical
Chemical
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Master Lock
Brady
Panduit
ABUS
Honeywell
Castell
ZING Green Safety Products
Beijing TEHS
Accuform Manufacturing
Value-Tech
Marst

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lockout Tagout Equipment market?

What factors are driving Lockout Tagout Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lockout Tagout Equipment market opportunities vary by end market size?

How does Lockout Tagout Equipment break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.