The global demand for Industrial Brakes Market is presumed to reach the market size of nearly USD 4.65 BN by 2030 from USD 3.22 BN in 2022 with a CAGR of 4.69% under the study period 2023 - 2030.
An industrial brake is a mechanism that has the ability to stop or slow down the movement of any kind of industrial equipment. It prevents uncontrolled operation, accidents and injuries. It makes use of friction to stop rotating inertia loads and holds moveable components in place. It slows down something by converting kinetic energy to heat. Some fundamental types of industrial brakes are disc brakes, drum brakes, shunt brakes and emergency or failsafe brakes. It is low on maintenance and works in all kinds of weather. Industrial brakes find usage in numerous applications such as forestry, construction, power generation, mining, marine, among others. It is used as a crucial component in wind turbines, conveyors, cranes and washing machines.
Market Dynamics
The industrial brake market is expected to witness healthy growth during the forecast period. The key factor driving the target market is the fact that industrial brakes are increasingly being adopted with an aim to improve production capabilities. Increasing investment in the manufacturing industry in order to upgrade existing machines is also a key driving factor. Strict government rules related to safety in production units will augment the demand for industrial brakes. The market will be favoured by an increase in construction activities. In addition, rapid industrialization will also contribute towards market growth. On the other hand, strict regulations related to mining processes with an aim to reduce environmental concerns may restrict the growth of the industrial brakes market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of industrial brakes. The growth and trends of industrial brakes industry provide a holistic approach to this study.
Market Segmentation
This section of the industrial brakes market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
By Actuation Type
- Mechanical
- Hydraulic
- Pneumatic
- Electric
- Spring
By End-Use Industry
- Manufacturing
- Construction
- Mining
- Marine And Shipping
- Power And Energy
- Others
By Distribution Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Industrial Brakes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Industrial Brakes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the industrial brakes market include Akebono Brake Industry Co., Ltd., Altra Industrial Motion Corporation, Ametek Inc., Aplicación Nuevas Tecnologías Antec SAU, Dellner Bubenzer Germany GmbH, Hilliard Corporation, Kobelt Manufacturing Co. Ltd., KOR-PAK Corporation, Ringspann GmbH, Tolomatic, Inc., etc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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