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).
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
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDUSTRIAL BRAKES MARKET, BY TYPE
CHAPTER 5: INDUSTRIAL BRAKES MARKET, BY APPLICATION
CHAPTER 6: INDUSTRIAL BRAKES MARKET, BY END USER INDUSTRY
CHAPTER 7: INDUSTRIAL BRAKES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Industrial Brakes Market,' the industrial brakes market size was valued at $1.2 Billion in 2020, and is estimated to reach $2.0 Billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030. Industrial brakes are the kind of systems that are used for construction, forestry, axle, trailer, defense, agricultural, material handling, and utility applications. These brakes tend to tone down or give complete stoppage to objects. These brakes include mechanism for holding or turning compact parts in their place when required. They change engine energy that is delivered through contact occurred between surfaces producing heat to halt movement of machines. These brakes give complete safety, which propels its use in different ventures.Use of robots for different industries is on the rise. For instance, industrial robots are used for manufacturing applications to provide pick and place operations. Major risks associated with using large robots over different industries is the non-commanded motion that requires immediate action to stop robots. Brakes used for robots help in providing dynamic stopping during emergency and growing use of robots for better productivity in different industries and factories propels demand for industrial brakes. In addition, construction and manufacturing business is developing, owing to rise in government spending over framework projects and rise in interest for residential and commercial construction. Development projects bring more interest for construction equipment such as backhoes, excavators, graders, tractors, diggers, and numerous other construction machines utilized for development applications. These machines have different execution needs to deal with bigger measure of weight. Brakes involved help machines to deal with bigger amount of weight and rise in production and demand of construction equipment, which propels the industrial brakes market growth.
However, different countries are bringing industrial safety standards such as minimum safety standards in Europe that deals with safety and preventing injury and harm that could be caused to humans during the use of these equipment. This also prevents use and manufacturing of certain industrial machines, which limits manufacturing of industrial brakes. In addition, industrial brakes market comprise various sort of materials such as kevlar, fiberglass, strands, metal, and ceramic to give high toughness for normal everyday use. Hence, these materials utilized are higher in cost which leads to rise in cost of the industrial brakes. In addition, various cheaper alternatives like servo motors are restraining the market.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, which hinders growth of the industrial brakes market share. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
On the contrary, production of electric and automatic vehicles is growing a result of explicit benefits it offers over manual working vehicles such as diminishing speed before the collision of the vehicle, giving safety to pedestrians, reducing speed of moving vehicles, and managing emergency situations. Brakes used in vehicles are outfitted with different sensors such as ultrasonic, infrared, radar, and lidar to scan objects and people nearby vehicles, providing instant action to diminish speed, which is expected to offer better safety for users that many manufacturers are nowadays focusing upon. Hence this is offering new opportunities for the industrial brakes market.
The global industrial brakes industry is segmented on the basis of type, application, end user industry, and region. By type, the market is divided into mechanical, hydraulic, pneumatic, electrical, and others. By application, it is divided into holding brakes, dynamic & emergency brakes, and tension brakes. By end user industry, it is divided into manufacturing, metal & mining, construction, marine & shipping, and others.
Region wise, the global industrial brakes market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa.).
The major players profiled in the industrial brakes market include 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.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging global industrial brakes market trends and dynamics.
- Depending on type, the electrical segment was the largest revenue generator in 2020.
- By application, the holding brakes segment generated the highest revenue in 2020.
- By end user industry, the manufacturing segment dominated the market in 2020.
- Region wise, Asia-Pacific is anticipated to dominate the global industrial brakes market throughout the study period.
- The report provides an extensive analysis of the global industrial brakes opportunities.
- The global industrial brakes market forecast analysis from 2021 to 2030 is included in the report.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1309.63 million |
| Forecasted Market Value ( USD | $ 1957.3 million |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
