Industrial Brakes Market: Growth Drivers, Key Players, and Market Forecast through 2024

The Industrial Brakes Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Industrial Brakes Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

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.

Recent industry developments are;

• 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.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

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 Segmentation:

By Type

• Disc
• Drum

By Actuation

• Hydraulic Braking System
• Mechanical Braking System
• Electrical Braking System
• Pneumatic Braking System
• Others (Electromagnetic Braking Systems, etc.)

By Application

• Manufacturing
• Metal and Mining
• Marine and Shipping
• Construction
• Oil & Gas
• Others (Food Processing, Energy, etc.)

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Industrial Brakes Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Industrial Brakes Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Growing demand for safety and reliability in industrial applications driving the adoption of advanced braking systems across various sectors.
  • Technological advancements in brake materials and designs enhancing performance, durability, and efficiency of industrial brakes.
• Restraints:
  • High costs associated with advanced industrial braking systems may deter investment, particularly among smaller enterprises.
  • Challenges related to maintenance and the need for skilled personnel to operate and service complex braking systems affecting market growth.

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…!

Industrial Brakes Market Regional Segmentation:

• 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

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