Industrial Brakes Market Growth, Trends, and Key Drivers Through 2024
Uncover Industrial Brakes Market growth, trends, and key drivers shaping the market dynamics through 2024.
Explore the Latest Insights in the Industrial Brakes Market!
A new report from Fortune Business Insights™ titled Industrial Brakes Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032 provides a comprehensive analysis of the Industrial Brakes Market landscape. This report includes competitor and regional analyses, along with the latest advancements in the market.
Inside, you’ll find a detailed table of contents, figures, tables, and charts, complemented by insightful commentary. The Industrial Brakes Market sector has seen remarkable growth recently, driven by increasing product demand, a growing customer base, and technological innovations. This report thoroughly examines the Industrial Brakes Market, covering market size, trends, key drivers and constraints, competitive dynamics, and future growth prospects. Our goal is to delve deep into the industry to understand its dynamics and economic potential.
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Market Summary:
The “Industrial Brakes Market Research Report Overview by 2024” market size is reached USD 1.28 billion by 2023 and it is expected to reach USD 1.76 billion by 2032 between the forecast period and expected Compound annual growth rate of 3.7% between the forcast period by (2023-2032).
The Industrial Brakes Market has experienced significant growth, supported by various factors like rising product demand, an expanding customer base, and technological advancements. This report delivers an in-depth analysis of the market, including insights on market size, trends, key drivers and challenges, competitive dynamics, and future growth opportunities.
Top Companies in the Industrial Brakes Market:
Here are some leading manufacturers in the sector:
- Dellner Bubenzer (Germany)
- AKEBONO BRAKE INDUSTRY Co., Ltd. (Japan)
- AMETEK Inc. (U.S.)
- Danfoss (Denmark)
- Kendrion N.V. (Netherlands)
- Regal Rexnord Corporation (U.S.)
- Sibre Siegerland Bremsen Gmbh (Germany)
- The Hilliard Corporation (U.S.)
- TMD Friction Holding GmbH (Germany)
- Wabtec Corporation (U.S.)
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Segmentation:
Industrial Brakes Market Size, Share & Industry Analysis, By Type (Disc and Drum), By Actuation (Hydraulic Braking System, Mechanical Braking System, Electrical Braking System, Pneumatic Braking System, and Others (Electromagnetic Braking Systems, etc.)), By Application (Manufacturing, Metal and Mining, Marine and Shipping, Construction, Oil & Gas, and Others (Food Processing, Energy, etc.)), and Regional Forecast, 2024 – 2032
Market Coverage:
- Market Trends
- Market Segmentation by Segment
- Market Segmentation by Region
- Price Analysis
- Impact of COVID-19
- Market Forecast
This report provides insights into the market landscape, broken down by sub-regions and countries. It highlights potential profit opportunities alongside market share and growth rates for each region.
Regional Analysis:
- North America (By Type, By Actuation, By Application, and By Country)
- U.S.
- Canada
- Mexico
- South America (By Type, By Actuation, By Application, and By Country)
-
- Brazil
- Argentina
- Rest of South America
- Europe (By Type, By Actuation, By Application, and By Country)
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- Middle East & Africa (By Type, By Actuation, By Application, and By Country)
-
- GCC
- South Africa
- Rest of Middle East & Africa
- Asia Pacific (By Type, By Actuation, By Application, and By Country)
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Report Highlights:
- Key growth drivers and challenges for the market.
- Comprehensive overview of regional developments.
- List of major industry players.
- Strategies adopted by key market players.
- Recent developments, including product launches and mergers.
The report also discusses limiting factors and the regional industrial presence that may impact market growth trends beyond 2032. Our market research aims to provide a thorough understanding of the industry’s potential and equip companies with the insights they need to make informed decisions. The Industrial Brakes Market Report spans over 100+ pages and includes a detailed table of contents, figures, tables, graphs, and extensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
Industry Developments:
- Kendrion has introduced its new manufacturing facility in Suzhou, China. The new manufacturing facility is expected to manufacture products across its business group that include industrial brakes, actuators, and controls.
- Pune Metro Rail Development Authority placed an order for brake systems from Wabtec Corporation through Alstom Transport India Ltd. The new braking technology is supposed to enhance the efficiency and safety of rail cars.
- Regal Rexnord Corporation completed its acquisition of Altra Industrial Motion Corporation. Altra Industrial Motion deals with several industrial powertrain products, including brakes, gears, and clutches. The acquisition is aimed at expanding Regal Rexnord’s product portfolio and enhancing its market penetration.
- Regal Rexnord Corporation completed its acquisition of Altra Industrial Motion Corporation in March 2023. Altra Industrial Motion deals with several industrial powertrain products, including brakes, gears, and clutches. The acquisition is aimed at expanding Regal Rexnord’s product portfolio and enhancing its market penetration.
- Dellner Bubenzer has expanded its manufacturing facility in the Czech Republic. The facility specializes in manufacturing products for wind turbines, both onshore and offshore, including rotors, yaw, and pitch brakes.
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