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Industrial Brakes and Clutches - Global Market Trajectory & Analytics

  • ID: 344051
  • Report
  • February 2022
  • Region: Global
  • 458 Pages
  • Global Industry Analysts, Inc

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

  • Impact of COVID-19 and a Looming Global Recession
  • Effect of the Pandemic on Industrial Brakes and Clutches Market
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019E to 2022F
  • The Pandemic Unleashes Unique Challenges for Industrial Brakes & Clutch Manufacturers
  • Contingency Plans for Business Continuity
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Construction Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2021
  • Mining Sector Revenue Estimates and Forecasts in US$ Billion: 2019-2021
  • Industrial Brakes and Clutches - A Primer
  • Types of Industrial Brakes and Clutches
  • Brakes/Clutches Actuation Methods
  • Cooling of Brakes and Clutches
  • Health Hazards Associated with Handling and Repair of Brakes and Clutches
  • Regulations Governing Treatment and Disposal of Brake and Clutch Materials
  • End-Use Applications
  • Industrial Brakes and Clutches: An Introductory Prelude
  • Wider Use Case across Numerous Application Domains: Cornerstone for Present & Future Growth
  • Select Applications of Industrial Brakes & Clutches in Key Verticals
  • Interest in Industrial Automation Creates Opportunities
  • Global Industrial Automation Market by Segment (2021E): Percentage Breakdown of Investments for Factory Automation and Process Automation
  • Global Industrial Automation Market by Sector (2021E): Percentage Breakdown of Investments for Automotive, Chemical, Food Processing, Oil & Gas, Packaging, Pharmaceuticals, Plastic Manufacturing, Power, Textile and Others
  • Global Robotics Market by Country/Region (2021E): Percentage Breakdown of Investments for China, Japan, US, Western Europe, and Rest of World
  • Emphasis on Performance & Safety of Industrial Systems Directs Progressive Trajectory
  • Global Market Prospects & Outlook
  • Developed Regions: Key Revenue Contributors
  • Developing Economies: Prime Growth Drivers
  • Asia-Pacific: The Fastest Growing Regional Market
  • Global Industrial Brakes and Clutches Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Europe, USA, Canada, and Japan
  • Competitive Scenario
  • Vendors Emphasize Brand Name to Sustain Market Growth
  • One-Stop-Shop Concept Remains Important Strategy
  • Tailored Approach Towards Robust Distribution Network
  • After-Sales Support: A Scoring Point
  • Growing Competition from Asian Companies
  • Mounting Pricing Pressure
  • Consolidation Remains a Major Trait
  • Recent Market Activity
  • Industrial Brakes and Clutches - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Product Innovation Continues to Drive Growth in the Industrial Brakes & Clutches Market
  • Advancements & Innovations Remain the Primary Focus Area
  • End-Use Level Requirements Spur Changes in Brake and Clutch Design
  • Improvements in Permanent Holding Magnet Brakes Deliver Additional Capabilities
  • Novel Manufacturing Methods Aid Roll Out of Sophisticated Designs
  • Global 3D Printing Market by Segment (2020): Percentage Breakdown of Revenues for Materials, Products, and Services
  • Global 3D Printing Market by Sector (2020): Percentage Breakdown of Revenues for Architectural, Automotive, Business & Industrial Machines, Consumer Products, Defense & Aerospace, Education, Government, Healthcare/Medical/Dental, and Others
  • Global 3D Printers Market by Sector (2020): Percentage Breakdown of Value Sales for Architecture, Automotive, Consumer Products, Healthcare, and Others
  • A Note on Select Innovative Brake & Clutch Products
  • Global Market for Clutches and Brakes: Major Trends
  • Specifying the Right Brake and Clutch Designs Becomes Important in the Current Dynamic Scenario
  • Investments in Emerging Technologies Presents New Growth Opportunities
  • Electromagnetic Caliper Brakes Make Robust Gains
  • Technical Superiority Over Drum Brakes Widens Prospects for Disc Brakes
  • Demand for Drum-Style Brakes to Remain High
  • Rugged Brakes for Hazardous Environments Exhibit Growth
  • Parking Brakes for Locking Idle Machinery
  • Rising Emphasis on Industry 4.0 & Smart Factory Widens Prospects
  • A Glimpse of First, Second, Third & Fourth Industrial Revolutions
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Soaring Demand for Food Processing Machinery Steers Market Momentum
  • World 4-Year Perspective for Food Processing Machinery and Equipment* by Geographic Region/Country - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Rest of World Markets for Years 2017 and 2020
  • Regulations Drive Adoption of Washdown Brakes
  • Oil Shear Technology for Brakes and Clutches Used in Food Processing Industry
  • Material Handling Equipment: A Key End-Use Vertical
  • World 4-Year Perspective for Material Handling Equipment by Geographic Region/Country - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin American Markets for Years 2017 and 2020
  • Machinery-Intensive Textile Sector Extends Potential Opportunities
  • Machine Tools Sector Underpins Revenue Growth
  • World 4-Year Perspective for Machine Tools by Geographic Region/Country - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa and Latin American Markets for Years 2017 and 2020
  • World Machine Tools Market (2020): Percentage Breakdown of Dollar Sales by End-Use Industry
  • World Machine Tools Market (2020): Percentage Breakdown of Dollar Sales for Metal Cutting Tools by Segment
  • World Machine Tools Market (2020): Percentage Breakdown of Dollar Sales for Metal Forming Tools by Segment
  • Brakes & Clutches Assume Critical Importance in Mining Conveyors
  • Mining Operators Prioritize Hydraulic Brakes for Overland Conveyors
  • Servo Motors: A Niche End-Use Market for Industrial Brakes
  • Industrial Brakes & Clutches for Hassle-Free Web Tension Control
  • Small Diameter Brakes Gain Traction in Medical & Pharmaceutical Robots
  • Brakes and Clutches for Paper Processing Equipment
  • Integrated Packages: Order of the Day in Motor Market
  • Heavy-Duty Brakes for Dynamic Applications
  • Traditional Brakes Sustain Momentum
  • Replacement Demand Enhances Market Prospects
  • Backstopping Clutches with High Torque Capacity Come to the Fore
  • Uncertainty in Raw Materials Prices Remains a Major Challenge

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Important Market for Industrial Brakes & Clutches
  • Growing Competition from Electric Speed Drives
  • Re-fabricated Systems Exhibit Growth in the Aftermarket
  • Material Handling Equipment Market and Growth Opportunities
  • Competitive Landscape
  • Higher Commoditization Hurts Premium Product Brake System Parts Manufacturers
  • Soaring Production Costs Squeeze Profit Margins of Manufacturers

CANADA

JAPAN

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • A Major Consumer of Brakes and Clutches
  • Thriving Food Processing Sector Extends Robust Opportunities

CHINA

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • China Exhibits Faster Growth
  • Automation of Manufacturing Sector to Drive Growth
  • Material Handling Equipment Market to Register Strong Growth

EUROPE

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Growing Demand for Food Processing Machinery to Enhance Market Prospects
  • Well-Established Material Handling Equipment Sector Drives Momentum
  • Competitive Landscape

FRANCE

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • A Key Market in Europe

ITALY

UNITED KINGDOM

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • A Market Laden with Opportunities
  • Demand for Food Processing Machinery to Accelerate Demand in Asia-Pacific
  • Potential Opportunities Identified in Material Handling Sector

AUSTRALIA

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Industrial Brakes and Clutches Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 174
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