Industrial Brakes Market Size, Share, and Growth Analysis

Global Industrial Brakes Market

Industrial Brakes Market By Brake Type (Hydraulic Brakes, Pneumatic Brakes), By Power Rating (Low Power, High Power), By Mounting Type, By Control System (Manual, Automatic), By Application (Industrial Machinery, Mining), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20I2281 | Region: Global | Published Date: November, 2024
Pages: 202 |Tables: 92 |Figures: 83

Format - word format excel data power point presentation

Industrial Brakes Market Insights

Industrial Brakes Market size was valued at USD 1.4 Billion in 2023 and is poised to grow from USD 1.47 Billion in 2024 to USD 2.24 Billion by 2032, growing at a CAGR of 5.22% during the forecast period (2025-2032).

Since the onset of the Industrial Revolution, technological advancements have significantly boosted industrial production capacities, leading to a global increase in manufacturing activities. Industrial brakes are poised to experience increased demand worldwide during the forecast period due to their ability to function effectively in all weather conditions, requiring minimal maintenance thanks to their simple design with fewer moving parts. These brakes are also highly adaptable for various applications, further driving their popularity. Their one-piece design facilitates easy hygiene maintenance, while their extended lifespan ensures a high return on investment. The market is expected to be significantly influenced by the growth of industrialization and government investments aimed at enhancing industrial output during the projected period.

The increasing number of construction projects is driving higher demand for construction equipment such as excavators, backhoes, graders, bulldozers, trenchers, and various other types of machinery used in construction applications. This equipment has specific performance requirements to manage heavy loads effectively. Brakes play a crucial role in enabling construction equipment to handle larger quantities of weight safely. Furthermore, the industrial brakes market is being propelled by the growing production and demand for such equipment. Additionally, the utilization of robots across various industries is on the rise, further contributing to the demand for industrial breaks.

The expansion of the manufacturing sector has resulted in the flourishing of dependent markets, including mechanical equipment providers. Industrial robots are extensively employed in manufacturing applications, particularly for pick and place operations. However, employing large robots across various industries carries certain risks, notably the occurrence of non-commanded motion that necessitates prompt intervention to halt the robots. Brakes integrated into these robots play a critical role in facilitating dynamic stopping during emergencies, ensuring safe operation. Furthermore, the increasing adoption of robots to enhance productivity across diverse industries and factories is fueling demand for industrial breaks in the market.

When designing equipment systems, careful consideration must be given to how the braking system will impact the operation of subsequent machinery. Fail-safe brakes are vital in rapidly halting machine movement in case of accidents, performance failures, power outages, and other emergencies. Companies are also focusing on hydraulic release brakes, which are spring-loaded braking systems utilizing hydraulic energy to deliver adjustable torque. The demand for industrial brakes is particularly high in applications such as mining winches, overhead cranes, steel rolling systems, and similar devices.

Moreover, industries such as warehousing, medical, steel mills, and food processing hold significant potential for the industrial brakes market. Companies are actively developing spring-applied brakes with attributes such as high permitted braking energies, high torques, and wear resistance. For instance, Kor-Pak, an Original Equipment Manufacturer (OEM) and distributor of industrial brakes, is engaged in the development of comprehensive braking systems tailored for the mining and manufacturing industries.

Market snapshot - 2025-2032

Global Market Size

USD 1.4 Billion

Largest Segment

Hydraulically Applied Brakes

Fastest Growth

Pneumatically Applied Brakes

Growth Rate

5.22% CAGR

Global Industrial Brakes Market ($ Bn)
Country Share for North America Region (%)

To get more reports on the above market click here to Buy The Report

Industrial Brakes Market Segments Analysis

Global Industrial Brakes Market is segmented by Brake Type, Power Rating, Mounting Type, Control System, Application and region. Based on Brake Type, the market is segmented into Hydraulic Brakes, Pneumatic Brakes, Mechanical Brakes, Electromagnetic Brakes, Other. Based on Power Rating, the market is segmented into Low Power (below 10 kW), Medium Power (10-100 kW), High Power (above 100 kW). Based on Mounting Type, the market is segmented into Foot-Mounted Brakes, Flange-Mounted Brakes, Shaft-Mounted Brakes, Other. Based on Control System, the market is segmented into Manual Control, Automatic Control, Semi-Automatic Control. Based on application, the market is segmented into Industrial Machinery, Automotive, Power Generation, Mining and Construction, Aerospace, Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.  

Analysis By Type

The hydraulically applied brakes segment is anticipated to be the largest within the industrial brakes market, contributing to over one-fourth of the global industrial brakes market and is projected to maintain its leading position throughout the forecast period. Additionally, the market for these brakes is projected to experience a CAGR of approximately 3% during the forecast period. This growth is driven by increasing demand for these brakes owing to their numerous advantages, including reliability, ease of use, long lifespan, and competitive pricing. This dominance is primarily attributed to the widespread application of electrical brakes.

On the other hand, the fastest-growing segment in the industrial brakes market is the pneumatically applied brakes segment and is anticipated to exhibit the highest CAGR of 5.1% from 2023 to 2031. This growth can be attributed to the straightforward operating system of pneumatic brakes. With their pneumatic operation, these brakes provide quick response times and consistent braking force, contributing to upgraded safety and efficiency in industrial operations. As industries prioritize safety and productivity, the demand for pneumatically applied brakes stays consistent and vital in the market.

Analysis By Application

The largest market segment within the industrial brakes market is the holding brakes segment. Holding brakes, such as motor holding brakes, play a crucial role in maintaining the motor's position when the power stage is turned off. Although not primarily a safety feature or maintenance brake, holding brakes find widespread use across various industries including factory automation, medical equipment, elevators and escalators, construction equipment, robotics, and machine tool equipment. Numerous companies offer holding brakes tailored for diverse applications and industrial environments, further strengthening the dominance of the holding brakes segment in the market.

The dynamic and emergency brakes segment is the fastest-growing due to increasing safety regulations and the growing demand for vehicles and machinery equipped with advanced braking systems. These brakes are used to control the speed of moving machinery or equipment and to bring them to a stop in emergency situations. They are crucial for applications such as vehicles (e.g., cars, trains, motorcycles), escalators, and amusement park rides. Dynamic brakes disperse kinetic energy by converting it into heat, while emergency brakes provide immediate stopping power in critical situations.

Tension brakes are commonly used in applications such as printing presses, textile machinery, paper mills, and wire processing equipment. Tension brakes ensure consistent tension levels to achieve quality production output and prevent material slippage or breakage. While this segment may not be the largest, it could be experiencing moderate growth driven by advancements in manufacturing processes and the demand for high-quality end products.

Analysis By End use

The manufacturing segment held the largest share, accounting for more than one-third of the global industrial brakes market and is expected to maintain its leading position throughout the forecast period. This dominance is attributed to the extensive utilization of brakes in machinery employed for production purposes within the manufacturing sector.

On the other hand, the marine and shipping segment is the fastest growing and is forecasted to experience the highest CAGR of 4.5% from 2024 to 2031. This growth is driven by increasing demand for industrial brakes in the marine and shipping industry, reflecting the sector's expanding scope and technological advancements.

Global Industrial Brakes Market By Type

To get detailed analysis on other segments, Request For Free Sample Report

Industrial Brakes Market Regional Insights

North America holds a dominant share and is likely to continue doing that in the forecast period. The region's growth in industrialization, outdoor equipment, and rising manufacturing activities contribute to its substantial market presence. Additionally, favorable policies promoting innovation and relaxed industrial regulations support market growth in this region. This is credited to the presence of key producers, higher adoption of robotics and automation, and well-established industrial sectors in this region. The region's developed industrial sector, combined with an emphasis on working environment safety regulations, drives the demand for reliable braking systems across various applications.

Asia Pacific is the fastest-growing region and exhibits robust demand due to industrialization growth and government incentives promoting Industry 4.0 initiatives. Expansion in mining, construction, manufacturing, energy, and power projects further contributes to its significant market share. For instance, the Government of India's lucrative incentives for electronics manufacturing, including setting up semiconductor design and fabrication units, also drive market growth in the region.

Europe's focus on environmental concerns and renewable energy drives demand for electric vehicles and renewable energy sources, providing moderate growth opportunities for industrial brake manufacturers. For instance, according to EU renewable energy directives, the EU aims to expand its dependencies on renewable energy from 21% in 2020 to 31% by 2030.

In the Middle East and Africa, growing oil drilling, mining, and logistics infrastructure projects contribute to increased demand for commercial and industrial brakes. Moreover, rising warehouse infrastructure and manufacturing activities will also push the market.

Latin America is expected to experience moderate growth, driven by robust demand from the food and packaging industry. Furthermore, the rise in hydropower projects and energy infrastructure developments increases the demand for brakes in the region. According to Good Mackenzie, Latin America is projected to witness a significant increase in offshore wind projects, with a capacity expansion of 34GW by 2050.

Global Industrial Brakes Market By Region
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Industrial Brakes Market Dynamics

Drivers

Rise in Industrialization

  • The anticipated rise in government expenditure in industrial sectors and the increasing industrialization across major parts of the globe are expected to fuel demand opportunities in the global industrial brakes market in the coming years. Industrial brakes, characterized by their minimal parts and spares requirement, ease of cleaning, promising return on investment (ROI) due to their durability, and ability to operate in challenging environments, are driving demand from various end-use industries. These industries include construction, manufacturing, marine and shipping, power and energy, and mining, contributing to the growth of the global industrial brakes market.

Growth of Construction & Manufacturing Sector and Mining Sector

  • The global economy's growth, coupled with rapid urbanization and an increase in disposable income, has led to heightened demand for finished products and construction activities worldwide. Emerging economies like China, India, and countries in Africa have witnessed significant growth in their infrastructure over recent years and are expected to continue this path in the future. This surge in infrastructure development generates demand for construction and manufacturing machinery such as cranes, lifts, and construction equipment, thereby driving the industrial brakes market during the forecast period.
  • Furthermore, to meet the growing demand for minerals, rapidly growing economies have made substantial investments in mineral exploration in recent years. These countries are adopting various technologies such as automation and the Internet of Things (IoT) to reduce labor costs and operational time associated with mining activities. Consequently, these investments are expected to boost the demand for industrial brakes used in mining operations in the coming years.

Restraints

Volatility in Raw Material Price

  • Volatility in raw material prices and accessibility and high maintenance costs are key factors constraining the growth of the global industrial brake market. This volatility in raw material prices negatively impacts manufacturers' ability to produce industrial brakes according to specific requirements. As a result, these factors are anticipated to hinder market growth during the forecast period.

Obstacles Posed by Stringent Regulatory Standards

  • The regulations relating to workplace safety and environmental protection often necessitate compliance with specific brake performance criteria and material restrictions, which can increase manufacturing expenses and limit product innovation. Adapting to these regulations requires substantial investment in research and development, and ongoing checking to guarantee compliance, thus imposing a constraint on market development.

Request Free Customization of this report to help us to meet your business objectives.

Industrial Brakes Market Competitive Landscape

Competitors in the industrial brakes and clutches market are engaged in direct competition with each other, particularly in the development of new products. Additionally, they are actively pursuing acquisitions or mergers with other leading players to strengthen their market position. This competitive landscape presents the industry's dynamic nature and the strategic importance placed on innovation and strategic partnerships to gain a competitive edge. They should invest in research and development to create advanced braking systems tailored to specific industrial needs. They collaborate with industrial machinery manufacturers to integrate braking solutions seamlessly into their products.

Top Players in Industrial Brakes Market

  • Akebono Brake Industry Co., Ltd. 
  • Altra Motion 
  • Dellner Bubenzer 
  • Eaton Corporation 
  • SIBRE Siegerland Bremsen GmbH 
  • Coremo Ocmea S.p.A. 
  • Carlisle Brake & Friction 
  • Pintsch Bubenzer 
  • Regal Rexnord Corporation 
  • Kendrion N.V. 
  • Danfoss Group 
  • The Hilliard Corporation 
  • GKN Driveline 
  • AMETEK Inc. 
  • Antec Group 
  • Comer Industries (Walterscheid Powertrain Group) 
  • Tolomatic Inc. 
  • Hitachi Industrial Equipment Systems 
  • Ringspann GmbH 
  • TMD Friction Holding GmbH  

Recent Developments

  • In June 2023, in line with its strategy of 'in the Market, for the Market,' technology company Continental announced the inauguration of a new plant in Gurugram, in collaboration with its joint venture partner, Nisshinbo Holdings. The plant aims to increase the localization of valve blocks for Continental's electronic brake systems (EBS) in the country. With Continental holding a 40% share and Nisshinbo holding 60%, this partnership represents a significant step toward shaping safe mobility for the future and aligns with Continental's commitment to the Indian market.
  • In October 2023, Continental formed a strategic partnership with Munich-based high-tech company DeepDrive to collaborate on developing core technologies for electric vehicles. DeepDrive has developed and patented a dual-rotor, radial-flux motor that can be installed as a central drive unit or as a wheel hub drive in series production vehicles. The partnership is focused on developing an efficient, compact wheel hub drive optimized for cost-effective production.
  • In December 2023, Arabian Travel Market (ATM) uncovered a vital partnership with the International Congress and Convention Association (ICCA) and the Global Business Travel Association (GBTA) for their next occasion occurring from May 6-9, 2024, at the Dubai World Trade Centre. This collaboration intends to feature the significance of Meetings, Incentives, Conferences, and Exhibition (MICE) business travel areas during ATM 2024. Remarkably, the Middle East saw the most elevated percentage of participants in person, representing 94% of representatives, according to official ICCA information.

Industrial Brakes Key Market Trends

Industrial Brakes Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global industrial brakes market analysis, there are several factors that shape the path of the Industrial Brakes Market. The growth of the industrial brakes market is primarily fueled by increasing activities in the construction and manufacturing industries, along with a rise in the adoption of industrial robotics and automation processes. The widespread adoption of industrial breaks is expected to provide consumers with advanced visibility into purchased products. The growing demand for effective anti-theft devices, driven by security concerns among enterprises, significantly contributes to the increased demand for industrial breaks. Furthermore, the manufacturing industry is the biggest user of industrial brakes, while the marine and shipping industry is growing quickly these days. Asia-Pacific is projected to witness the fastest growth in the industrial brakes market. This growth can be attributed to the rise in potential startups, increased disposable income of consumers, urbanization, industrialization, and growth in the retail, health, and pharmaceutical industries in the region. However, fluctuating prices of materials used in manufacturing industrial brakes and stringent regulations associated with industrial machinery act as major restraints for the industrial brakes market. Conversely, opportunities for growth lie in providing technology-driven brake systems equipped with sensors during the forecast period. One of the major trends is industry 4.0, which is adopted at an increasing rate. Major companies in the market are adopting strategies such as product launches, business expansions, agreements, and acquisitions to enhance services for customers in the industrial brakes market.

Report Metric Details
Market size value in 2023 USD 1.4 Billion
Market size value in 2032 USD 2.24 Billion
Growth Rate 5.22%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Brake Type
    • Hydraulic Brakes, Pneumatic Brakes, Mechanical Brakes, Electromagnetic Brakes, Other
  • Power Rating
    • Low Power (below 10 kW), Medium Power (10-100 kW), High Power (above 100 kW)
  • Mounting Type
    • Foot-Mounted Brakes, Flange-Mounted Brakes, Shaft-Mounted Brakes, Other
  • Control System
    • Manual Control, Automatic Control, Semi-Automatic Control
  • Application
    • Industrial Machinery, Automotive, Power Generation, Mining and Construction, Aerospace, Other
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Akebono Brake Industry Co., Ltd. 
  • Altra Motion 
  • Dellner Bubenzer 
  • Eaton Corporation 
  • SIBRE Siegerland Bremsen GmbH 
  • Coremo Ocmea S.p.A. 
  • Carlisle Brake & Friction 
  • Pintsch Bubenzer 
  • Regal Rexnord Corporation 
  • Kendrion N.V. 
  • Danfoss Group 
  • The Hilliard Corporation 
  • GKN Driveline 
  • AMETEK Inc. 
  • Antec Group 
  • Comer Industries (Walterscheid Powertrain Group) 
  • Tolomatic Inc. 
  • Hitachi Industrial Equipment Systems 
  • Ringspann GmbH 
  • TMD Friction Holding GmbH  
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Industrial Brakes Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Industrial Brakes Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Industrial Brakes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Brakes Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Brakes Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Industrial Brakes Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW

REQUEST FOR SAMPLE

Please verify that you're not a robot to proceed!
Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Industrial Brakes Market size was valued at USD 1.4 Billion in 2023 and is poised to grow from USD 1.47 Billion in 2024 to USD 2.24 Billion by 2032, growing at a CAGR of 5.22% during the forecast period (2025-2032).

Competitors in the industrial brakes and clutches market are engaged in direct competition with each other, particularly in the development of new products. Additionally, they are actively pursuing acquisitions or mergers with other leading players to strengthen their market position. This competitive landscape presents the industry's dynamic nature and the strategic importance placed on innovation and strategic partnerships to gain a competitive edge. They should invest in research and development to create advanced braking systems tailored to specific industrial needs. They collaborate with industrial machinery manufacturers to integrate braking solutions seamlessly into their products. 'Akebono Brake Industry Co., Ltd. ', 'Altra Motion ', 'Dellner Bubenzer ', 'Eaton Corporation ', 'SIBRE Siegerland Bremsen GmbH ', 'Coremo Ocmea S.p.A. ', 'Carlisle Brake & Friction ', 'Pintsch Bubenzer ', 'Regal Rexnord Corporation ', 'Kendrion N.V. ', 'Danfoss Group ', 'The Hilliard Corporation ', 'GKN Driveline ', 'AMETEK Inc. ', 'Antec Group ', 'Comer Industries (Walterscheid Powertrain Group) ', 'Tolomatic Inc. ', 'Hitachi Industrial Equipment Systems ', 'Ringspann GmbH ', 'TMD Friction Holding GmbH  '

The anticipated rise in government expenditure in industrial sectors and the increasing industrialization across major parts of the globe are expected to fuel demand opportunities in the global industrial brakes market in the coming years. Industrial brakes, characterized by their minimal parts and spares requirement, ease of cleaning, promising return on investment (ROI) due to their durability, and ability to operate in challenging environments, are driving demand from various end-use industries. These industries include construction, manufacturing, marine and shipping, power and energy, and mining, contributing to the growth of the global industrial brakes market.

Industry 4.0 Providing Real-Time Insights: The integration of Industry 4.0 in the manufacturing sector is providing real-time insights into the manufacturing process through technologies such as IoT, cloud computing, AI, and ML. This, combined with rising automation in various industries, presents lucrative growth opportunities for market players.

North America holds a dominant share and is likely to continue doing that in the forecast period. The region's growth in industrialization, outdoor equipment, and rising manufacturing activities contribute to its substantial market presence. Additionally, favorable policies promoting innovation and relaxed industrial regulations support market growth in this region. This is credited to the presence of key producers, higher adoption of robotics and automation, and well-established industrial sectors in this region. The region's developed industrial sector, combined with an emphasis on working environment safety regulations, drives the demand for reliable braking systems across various applications.

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Industrial Brakes Market
Industrial Brakes Market

Report ID: SQMIG20I2281

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE