Industrial Brakes Market - Introduction

  • An industrial brakes is a device used to control the motion of a moving body by absorbing its kinetic energy.
  • Along with controlling the speed, the brakes also assist in delivering desired action or processing in respective applications as per requirement.
  • Integration of automation in the industrial sector and adoption of industrial robotics are expected to boost the growth of the industrial brakes market in the coming years. Further, technological advancement in industrial brake systems including automatic braking systems and sensors-enabled brake systems are estimated to offer lucrative growth opportunities to market players in the near future.
  • The global industrial brakes market is expected to expand at a rapid pace during the forecast period owing to increasing activities in construction and manufacturing sectors with rise in population.
industrial brakes market

To understand how our report can bring difference to your business strategy, Ask for a brochure

Key Drivers of Industrial Brakes Market

  • Application of industrial brakes are expected to increase with rise in demand for industrial robotics across all industries. These brakes facilitate the desired motion in the industrial sector by delivering right velocity as well as acceleration and deceleration of the industrial equipment. This will push the need for more industrial brakes.
  • Moreover, it supports the holding and lifting of heavy loads in manufacturing plant activities. Industrial brakes are increasingly being used in manufacturing, metals & mining, and construction industries. Further, advanced technology solutions in automated brakes is expected to drive the growth of the market in the upcoming years.
  • Rapid growth of the mining sector in emerging economies is anticipated to fuel the market growth in the next few years.

Volatile Prices of Raw Materials Restrict the Adoption Rate of Industrial Brakes

  • Instability in prices of raw materials which are used in industrial brakes manufacturing causes a fluctuation in profit margin for market players.
  • In addition, fluctuation in foreign currency especially in Europe, is anticipated to impact the profit margins of market players.
  • Also, to reduce the harmful effect of metals and mining processes on the environment, governments have issued some regulations against the usage of these metals. These stringent regulations are expected to challenge the growth of the industrial brakes market in the coming years.
industrial brakes market 1

Stuck in a neck-to-neck competition with other brands? Request a custom report

North America to Hold Major Share of the Global Industrial Brakes Market

  • In terms of region, the global industrial brakes market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
  • North America dominated the global industrial brakes market in 2018, accounting for significant share. The U.S. is the key market in North America due to presence of well-established manufacturers and high demand for industrial brakes enabled with technology driven motion control solutions involving sensors which influences the demand for industrial brakes in the country.
  • The industrial brakes market in Asia Pacific is projected to expand at a rapid pace. This can be attributed to the growth in manufacturing activities and industrialization driven by low cost of production.
industrial brakes market 2

Industrial Brakes Market – Competitive Landscape

Altra Industrial Motion Corp.

Incorporated in 2004, Altra Industrial Motion Corp. is based in Braintree, Massachusetts, the U.S. The company possesses expertise in designing, production, and marketing of electromechanical power transmission motion control. It operates through the power transmission technologies; and automation and specialty segments. The company serves material handling, packaging, food and beverage, agriculture, medical, oil and gas, energy, and marine industries. It operates in the US, Europe, Africa, Australia, and Asia.

Carlisle Brake & Friction (CBF)

Established in 1924, Carlisle Brake & Friction is based in Solon, Ohio, the U.S. It is a leading manufacturer and supplier of high performance brake and friction system solutions for vehicles. The company has over 2000 employees and it serves over 100 leading OEMs (original equipment manufacturers) in 50 countries across the world. It has its manufacturing units in the U.S., U.K., Italy, China, and Japan among other countries. Carlisle Brake & Friction operates as a subsidiary of Carlisle Companies Incorporated.

Some of the other significant players in the industrial brakes market are

  • Akebono Brake Industry Co., Ltd.
  • Pintsch Bubenzer GmbH
  • ANTEC, S.A.
  • Eaton Airflex
  • GKN Walterscheid GmbH
  • Ringspann GmbH
  • SIBRE - Siegerland Bremsen GmbH
  • Coremo Ocmea S.p.A.

Industrial Brakes Market – Segmentation

The industrial brakes market can be segmented based on:

  • Type
  • Application
  • Geography

Industrial Brakes Market Segmentation – By Type

  • Mechanically Applied Brakes
  • Electrically Applied Brakes
  • Pneumatically Applied Brakes
  • Hydraulically Applied Brakes
  • Drum & Disc Brakes
  • Spring Brakes

Industrial Brakes Market Segmentation – By Application

  • Dynamic & Emergency Brakes
  • Holding Brakes
  • Tension Brakes

Industrial Brakes Market Segmentation – By End-user Industry

  • Metals & Mining
  • Manufacturing
  • Marine & Shipping
  • Construction
  • Entertainment
  • Others

Industrial Brakes Market Segmentation – By End-user Industry

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Industrial Brakes Market

Pre Book