Global Industrial Brakes Market Size, Share, Trends, and Forecast

The global industrial brakes market size was valued at USD 1.28 billion in 2023. The market is projected to grow from USD 1.31 billion in 2024 to USD 1.76 billion by 2032, exhibiting a CAGR of 3.7% during the forecast period.

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Industrial Brakes Market Share, Size & 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 Between, 2024 – 2032

Top Companies of industrial brakes market:

• 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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Industrial Brakes Market Drivers and restrains:

• Driver: Increasing Industrial AutomationThe rise in industrial automation and the need for precise control in manufacturing processes drive the demand for industrial brakes, which are essential for the safe and efficient operation of automated machinery and equipment.
• Driver: Expanding Manufacturing and Construction SectorsGrowth in the manufacturing and construction industries increases the need for reliable braking systems in various heavy-duty machinery, such as cranes, conveyors, and lifting equipment, boosting the industrial brakes market.
• Driver: Technological AdvancementsAdvancements in brake technology, including innovations in materials and design for enhanced performance and durability, drive market growth by offering improved safety, efficiency, and reduced maintenance costs.
• Restraint: High Initial InvestmentThe substantial initial cost of advanced industrial brake systems can be a barrier for some businesses, particularly smaller enterprises or those with limited budgets, affecting overall market adoption.
• Restraint: Maintenance and Replacement CostsRegular maintenance and the need for periodic replacement of industrial brakes can incur significant costs, which may impact the overall affordability and appeal of investing in high-quality braking systems.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the industrial brakes market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the industrial brakes market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• 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

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
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of industrial brakes market:

• 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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