FEATURED COMPANIES
- Andantex USA, Inc.
- Formsprag Clutch, Inc.
- INTORQ GmbH & CO. KG
- Magtrol, Inc.
- Ogura Clutch Co., Ltd.
- Rexnord Corp.
Global Industrial Brakes and Clutches Market to Reach $1.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Brakes and Clutches estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by the year 2026, growing at a CAGR of 3.6% over the analysis period. Mechanical Friction, one of the segments analyzed in the report, is projected to record a 3.2% CAGR. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electromagnetic segment is readjusted to a revised 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $311.3 Million in 2021, While China is Forecast to Reach $328.5 Million by 2026
The Industrial Brakes and Clutches market in the U.S. is estimated at US$311.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$328.5 Million by the year 2026 trailing a CAGR of 4.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Mechanical Friction Based Brakes and Clutches Segment to Reach $709.6 Million by 2026
In the global Mechanical Friction Based Brakes and Clutches segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$475.2 Million in the year 2020 will reach a projected size of US$566.2 Million by the close of the year 2026. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$73.9 Million by the year 2026, while Latin America will expand at a 3.7% CAGR through the analysis period.
Select Competitors (Total 174 Featured) -
- Altra Industrial Motion Inc.
- Andantex USA Inc.
- Boston Gear
- Dayton Superior Products Co. Inc.
- Electroid Company
- Formsprag Clutch Inc.
- Hilliard Corp.
- Inertia Dynamics LLC
- INTORQ GmbH & CO. KG
- KEB Automation KG
- Lenze SE
- Magnetic Technologies Ltd.
- Magtrol Inc.
- Marland Clutch
- Merobel
- Ogura Clutch Co., Ltd.
- Redex Andantex
- Regal Power Transmission Solutions
- Rexnord Corp.
- Sjogren Industries Inc.
- Warner Electric Inc.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Andantex USA, Inc.
- Formsprag Clutch, Inc.
- INTORQ GmbH & CO. KG
- Magtrol, Inc.
- Ogura Clutch Co., Ltd.
- Rexnord Corp.
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Altra Industrial Motion, Inc.
- Boston Gear
- Formsprag Clutch, Inc.
- Inertia Dynamics LLC
- Marland Clutch
- Stromag
- Warner Electric, Inc.
- Dayton Superior Products Co., Inc.
- Electroid Company
- Hilliard Corp.
- INTORQ GmbH & CO. KG
- KEB Automation KG
- Lenze SE
- Magnetic Technologies Ltd.
- Magtrol, Inc.
- Ogura Clutch Co., Ltd.
- Placid Industries, Inc.
- Redex Andantex
- Andantex USA, Inc.
- Merobel
- Regal Power Transmission Solutions
- Rexnord Corp.
- Sjogren Industries, Inc.
Note: Product cover images may vary from those shown