Global Industrial Brakes Market 2021-2025
Technavio has been monitoring the industrial brakes market and it is poised to grow by $ 188.90 mn during 2021-2025 progressing at a CAGR of 5% during the forecast period. Our report on industrial brakes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the expansion of renewable power generation capacity and increasing focus on improving safety of industrial machines. In addition, expansion of renewable power generation capacity is anticipated to boost the growth of the market as well.
The industrial brakes market analysis includes end-user segment and geographical landscapes.
Technavio's industrial brakes market is segmented as below:
- By End-user
- Oil and gas
- Metals and mining
- By Geography
- North America
- South America
This study identifies the growth in the construction industry as one of the prime reasons driving the industrial brakes market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on industrial brakes market covers the following areas:
- Industrial brakes market sizing
- Industrial brakes market forecast
- Industrial brakes market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial brakes market vendors that include Akebono Brake Industry Co. Ltd., Altra Industrial Motion Corp., AMETEK Inc., Carlisle Companies Inc., Coremo Ocmea Spa, Dellner Couplers AB, Eaton Corporation Plc, Hilliard Corp., Hindon LLC, and Johnson Industries Ltd.. Also, the industrial brakes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.