Industrial Brakes Market By Type (Mechanical, Hydraulic, Pneumatic, Electrical, Others), By Application (Holding Brakes, Dynamic & Emergency Brakes, Tension Brakes), By End User Industry (Manufacturing, Metal & Mining, Construction, Marine & Shipping, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global industrial brakes market size was $ 1,295.2 million in 2020, and is expected to reach $ 1,957.3 million by 2030, with a CAGR of 4.1% from 2021 to 2030. Industrial brakes are the sort of frameworks that are utilized for construction, axle, forestry, trailer, defense, farming, material handling and utility applications. These brakes work for slowing down of an object or to give the total stoppage. These brakes involve the process for holding the turning or portable parts in its place when required and it changes over the motor energy that is produced through the contact happened between surfaces producing the heat for providing the halt to the movement. These brakes give total safety that is developing its utilization over various enterprises.
The construction and the manufacturing business is developing over years because of rising government spending over the framework projects and the rising interest for the residential and commercial construction. The developing development projects is bringing more interest for the construction equipment like backhoes, excavator, graders, tractors, diggers and numerous other construction machines utilized for the development applications. These machines has different execution needs to deal with the bigger measure of weight. The brakes involved helps in letting the machines to deal with bigger amount of weight and the rising production and demand of the construction equipment is driving the industrial brakes market. In addition, the utilization of robots for various ventures is developing. For instance, the modern robots are utilized for the assembling applications to give the pick and place tasks. The significant dangers related with utilizing the enormous robots over various businesses is the non-executed movement that requires the immediate action to stop the robots. The brakes utilized for the robots helps in giving the powerful halting during the crisis and the growing utilization of robots for better usefulness in various industries and factories is driving the interest of the industrial brakes market.
However, the industrial brakes are comprised of various sort of materials like kevlar, fiberglass, strands, metal and ceramic to give the high toughness for normal everyday use. Because of this, these materials utilized are higher in cost and to deliver the industrial brakes, these materials utilized amount to greater expense and brakes are the more modest parts utilized for various modern applications and various choices like servo engines and various types of motors is giving applications at cheaper price which is restricting the purchasing and manufacturing of the modern brakes market. In addition, various nations are bringing the modern security guidelines like minimum wellbeing principles in European market that deals with the wellbeing and preventing the injury and damage that could be caused to the people during the utilization of the machines which is additionally forestalling the utilization and assembling of specific modern machines which is restricting the manufacturing of industrial brakes.
On the contrary, the production of electric and the automated vehicles is developing over years because of specific advantages it offers over the manual working vehicle like decreasing the speed before the impact of the vehicle, giving security to the people on foot, lessening pace of the moving vehicle and dealing with emergency situations. The brakes utilized in the vehicles are furnished with various sensors like ultrasonic, infrared, radar and lidar to scan the objects and individuals close by to the vehicle and giving the instant action to decreasing the speed which is expected to give better safety to the users considering which different automotive manufacturers are considering about the utilization of brakes with sensors that would be expected to offer new opportunities for the modern brakes market.
The global industrial brakes market is segmented on the basis of type, application, end user industry and region. Based on type the market is divided into mechanical, hydraulic, pneumatic, electrical and others. Based on application the market is divided into holding brakes, dynamic & emergency brakes, and tension brakes. Based on end user industry the market is divided into manufacturing, metal & mining, construction, marine & shipping and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial brakes market forecast from 2020 to 2030 to identify the prevailing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the industrial brakes market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global industrial brakes market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Mechanical
Hydraulic
Pneumatic
Electrical
Others
By Application
Holding Brakes
Dynamic Emergency Brakes
Tension Brakes
By End User Industry
Manufacturing
Metal Mining
Construction
Marine Shipping
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
AKEBONO BRAKE INDUSTRY CO., LTD.
Altra Motion
Antec Group
carlisle brake & friction
Comer Industries Spa (Walterscheid Powertrain Group)
Coremo Ocmea S.p.A.
Dellner Bubenzer
Eaton
ringspann gmbh
SIBRE
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