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PUBLISHER: IMARC | PRODUCT CODE: 1308142
PUBLISHER: IMARC | PRODUCT CODE: 1308142
Industrial Brakes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global industrial brakes market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.
Industrial brakes are devices designed for stopping or decelerating the moving parts of a machine. They rely on friction for holding the rotating or movable parts in their places and converting kinetic energy to halt the movement. They are equipped with automatic adjustment tools for adjusting the gap between the brakes. Nowadays, leading players are focusing on improving the efficiency and wear life of industrial brakes and reducing their maintenance requirements to minimize lost production due to downtime. This has enabled industrial brakes to be operational in harsh and remote working conditions. At present, industrial brakes find extensive applications in the mining and marine industries across the globe.
Industrial Brakes Market Trends:
The growing focus on infrastructural development has led to a rise in construction activities around the world. This represents one of the key factors positively influencing the market. Moreover, there is an increase in the integration of Industry 4.0 in the manufacturing sector, which provides real-time information about the whole manufacturing process. It involves the utilization of technologies, such as the internet of things (IoT), cloud computing and analytics, artificial intelligence (AI), and machine learning (ML). This, coupled with the rising automation in different industry verticals, is offering lucrative growth opportunities to market players. Besides this, industrial robots are increasingly being adopted for assembly, pick-and-place, and packaging operations. However, one of the major risks associated with robotics is the uncontrolled or non-commanded motion by a robot. Consequently, industrial brakes are used in these robots to provide dynamic stopping in the event of an emergency. Apart from this, industrial brakes are used in mining winches, conveyor belts, overhead cranes, steel rolling systems, and wind turbines. This, coupled with the burgeoning oil and gas industry, is driving the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial brakes market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end use industry.
Breakup by Type:
Mechanical
Hydraulic
Pneumatic
Electrical
Others
Breakup by Application:
Holding Brakes
Dynamic and Emergency Brakes
Tension Brakes
Breakup by End Use Industry:
Manufacturing
Metal and Mining
Construction
Marine and Shipping
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akebono Brake Industry Co. Ltd, Altra Industrial Motion Corporation, AMETEK Inc., Antec SA, Coremo Ocmea S.p.A., Eaton Corporation PLC, Hilliard Corporation, Kobelt Manufacturing Co. Ltd., Kor-Pak Corporation, RINGSPANN GmbH, SIBRE - Siegerland Bremsen GmbH and Tolomatic Inc.
Key Questions Answered in This Report
- 1. What was the size of the global industrial brakes market in 2022?
- 2. What is the expected growth rate of the global industrial brakes market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global industrial brakes market?
- 4. What are the key factors driving the global industrial brakes market?
- 5. What is the breakup of the global industrial brakes market based on the type?
- 6. What is the breakup of the global industrial brakes market based on the application?
- 7. What is the breakup of the global industrial brakes market based on the end use industry?
- 8. What are the key regions in the global industrial brakes market?
- 9. Who are the key players/companies in the global industrial brakes market?
Product Code: SR112023A5437
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Industrial Brakes Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Mechanical
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Hydraulic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Pneumatic
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Electrical
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Application
- 7.1 Holding Brakes
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Dynamic and Emergency Brakes
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Tension Brakes
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Manufacturing
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Metal and Mining
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Construction
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Marine and Shipping
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Akebono Brake Industry Co. Ltd
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Altra Industrial Motion Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 AMETEK Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Antec SA
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Coremo Ocmea S.p.A.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Eaton Corporation PLC
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Hilliard Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Kobelt Manufacturing Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Kor-Pak Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 RINGSPANN GmbH
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 SIBRE Siegerland Bremsen GmbH
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Tolomatic Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Akebono Brake Industry Co. Ltd
Product Code: SR112023A5437
List of Figures
- Figure 1: Global: Industrial Brakes Market: Major Drivers and Challenges
- Figure 2: Global: Industrial Brakes Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Industrial Brakes Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Industrial Brakes Market: Breakup by Type (in %), 2022
- Figure 5: Global: Industrial Brakes Market: Breakup by Application (in %), 2022
- Figure 6: Global: Industrial Brakes Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Industrial Brakes Market: Breakup by Region (in %), 2022
- Figure 8: Global: Industrial Brakes (Mechanical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Industrial Brakes (Mechanical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Industrial Brakes (Hydraulic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Industrial Brakes (Hydraulic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Industrial Brakes (Pneumatic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Industrial Brakes (Pneumatic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Industrial Brakes (Electrical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Industrial Brakes (Electrical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Industrial Brakes (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Industrial Brakes (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Industrial Brakes (Holding Brakes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Industrial Brakes (Holding Brakes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Industrial Brakes (Dynamic and Emergency Brakes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Industrial Brakes (Dynamic and Emergency Brakes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Industrial Brakes (Tension Brakes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Industrial Brakes (Tension Brakes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Industrial Brakes (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Industrial Brakes (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Industrial Brakes (Metal and Mining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Industrial Brakes (Metal and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Industrial Brakes (Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Industrial Brakes (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Industrial Brakes (Marine and Shipping) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Industrial Brakes (Marine and Shipping) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Industrial Brakes (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Industrial Brakes (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: North America: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: United States: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: United States: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Canada: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Canada: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia-Pacific: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia-Pacific: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: China: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: China: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Japan: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Japan: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: India: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: India: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: South Korea: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: South Korea: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Australia: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Australia: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Indonesia: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Indonesia: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Others: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Others: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Europe: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Europe: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Germany: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Germany: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: France: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: France: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: United Kingdom: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: United Kingdom: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Italy: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Italy: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Spain: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Spain: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Russia: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Russia: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Latin America: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Latin America: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Brazil: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Brazil: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Mexico: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Mexico: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Middle East and Africa: Industrial Brakes Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Middle East and Africa: Industrial Brakes Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Global: Industrial Brakes Industry: SWOT Analysis
- Figure 84: Global: Industrial Brakes Industry: Value Chain Analysis
- Figure 85: Global: Industrial Brakes Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Industrial Brakes Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Industrial Brakes Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Industrial Brakes Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Industrial Brakes Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Industrial Brakes Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Industrial Brakes Market: Competitive Structure
- Table 7: Global: Industrial Brakes Market: Key Players
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