Market Overview:
The global industrial brakes market reached a value of US$ 1.26 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.62 Billion by 2027, exhibiting a CAGR of 4.02% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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, along with forecasts at the global, regional and country level from 2022-2027. 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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Application, End Use Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global industrial brakes market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global industrial brakes market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global industrial brakes market and who are the key players?
- What is the degree of competition in the industry?
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
9.2 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
9.3 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
9.4 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
9.5 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
List of Figures
Figure 1: Global: Industrial Brakes Market: Major Drivers and Challenges
Figure 2: Global: Industrial Brakes Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Industrial Brakes Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Industrial Brakes Market: Breakup by Type (in %), 2021
Figure 5: Global: Industrial Brakes Market: Breakup by Application (in %), 2021
Figure 6: Global: Industrial Brakes Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Industrial Brakes Market: Breakup by Region (in %), 2021
Figure 8: Global: Industrial Brakes (Mechanical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Industrial Brakes (Mechanical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Industrial Brakes (Hydraulic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Industrial Brakes (Hydraulic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Industrial Brakes (Pneumatic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Industrial Brakes (Pneumatic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Industrial Brakes (Electrical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Industrial Brakes (Electrical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Industrial Brakes (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Industrial Brakes (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Industrial Brakes (Holding Brakes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Industrial Brakes (Holding Brakes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Industrial Brakes (Dynamic and Emergency Brakes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Industrial Brakes (Dynamic and Emergency Brakes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Industrial Brakes (Tension Brakes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Industrial Brakes (Tension Brakes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Industrial Brakes (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Industrial Brakes (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Industrial Brakes (Metal and Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Industrial Brakes (Metal and Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Industrial Brakes (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Industrial Brakes (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Industrial Brakes (Marine and Shipping) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Industrial Brakes (Marine and Shipping) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Industrial Brakes (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Industrial Brakes (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Industrial Brakes Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Industrial Brakes Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Industrial Brakes Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Industrial Brakes Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Industrial Brakes Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Industrial Brakes Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Industrial Brakes Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Industrial Brakes Market: Competitive Structure
Table 7: Global: Industrial Brakes Market: Key Players