An industrial brake is a device used to control the motion of a moving body by absorbing its kinetic energy. The global industrial brakes market is projected to expand at a rapid pace during the forecast period owing to increasing activities in construction and manufacturing sectors with population growth. Additionally, important factors such as the integration of automation in the industrial sector and the adoption of industrial robotics are anticipated to boost the growth of the industrial brakes market in the forthcoming years.
These brakes facilitate the desired motion in the industrial sector by delivering the right velocity as well as acceleration and deceleration of the industrial equipment. Furthermore, industrial brake 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. This key fact further rises the demand for industrial brake.
On the downside, the volatile prices of raw materials restrict the adoption rate of industrial brakes, this major factor is expected to hamper the growth of the global Industrial Brakes market. Further, technological advancement in industrial brake systems including automatic braking systems and sensors-enabled brake systems is estimated to create lucrative growth opportunities for market players in the near future.
Covid-19 Impact on Industrial Brakes Market
The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in several countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.
Industrial Brakes Market Segment Overview
Based on Type, the Mechanically Applied Brakes is the largest segment in the Industrial Brakes market. Mechanical brakes arrest the energy of a machine or object via force, most commonly friction. Most individuals are familiar with automotive brakes, but mechanical brakes are also essential in material handling, manufacturing, and other power transmission applications. Additionally, mechanical brakes function via force delivered to a body in rotary or linear motion, such as an axle, shaft, or wheel, to slow or stop motion. Mechanical brakes are often in an assembly with a mechanical clutch for engaging and disengaging shafts.
Industrial Brakes Market, By Type
· Mechanically Applied Brakes
· Electrically Applied Brakes
· Pneumatically Applied Brakes
· Hydraulically Applied Brakes
· Drum & Disc Brakes
· Spring Brakes
Industrial Brakes Market, By Application
· Dynamic & Emergency Brakes
· Holding Brakes
· Tension Brakes
Industrial Brakes Market, By End-user Industry
· Metals & Mining
· Manufacturing
· Marine & Shipping
· Construction
· Entertainment
· Others
Industrial Brakes Regional Overview
North America holds the major share of the global industrial brakes market. The U.S. is the main market in North America owing to the presence of strong manufacturers and high demand for industrial brakes enabled with technology-driven motion control solutions involving sensors which influence the demand for industrial brakes in the country. Likewise, the market in Asia-Pacific is expected to witness significant growth during the forecast period. This can be mainly attributed to the growth in manufacturing activities and industrialization driven by the low cost of production.
Industrial Brakes Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Industrial Brakes Market, Key Players
· 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.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Industrial Brakes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Mechanically Applied Brakes
- 5.2.2. Electrically Applied Brakes
- 5.2.3. Pneumatically Applied Brakes
- 5.2.4. Hydraulically Applied Brakes
- 5.2.5. Drum & Disc Brakes
- 5.2.6. Spring Brakes
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Dynamic & Emergency Brakes
- 5.3.2. Holding Brakes
- 5.3.3. Tension Brakes
- 5.4. Market Analysis, Insights and Forecast – By End-user Industry
- 5.4.1. Metals & Mining
- 5.4.2. Manufacturing
- 5.4.3. Marine & Shipping
- 5.4.4. Construction
- 5.4.5. Entertainment
- 5.4.6. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Industrial Brakes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Mechanically Applied Brakes
- 6.2.2. Electrically Applied Brakes
- 6.2.3. Pneumatically Applied Brakes
- 6.2.4. Hydraulically Applied Brakes
- 6.2.5. Drum & Disc Brakes
- 6.2.6. Spring Brakes
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Dynamic & Emergency Brakes
- 6.3.2. Holding Brakes
- 6.3.3. Tension Brakes
- 6.4. Market Analysis, Insights and Forecast – By End-user Industry
- 6.4.1. Metals & Mining
- 6.4.2. Manufacturing
- 6.4.3. Marine & Shipping
- 6.4.4. Construction
- 6.4.5. Entertainment
- 6.4.6. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Industrial Brakes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Mechanically Applied Brakes
- 7.2.2. Electrically Applied Brakes
- 7.2.3. Pneumatically Applied Brakes
- 7.2.4. Hydraulically Applied Brakes
- 7.2.5. Drum & Disc Brakes
- 7.2.6. Spring Brakes
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Dynamic & Emergency Brakes
- 7.3.2. Holding Brakes
- 7.3.3. Tension Brakes
- 7.4. Market Analysis, Insights and Forecast – By End-user Industry
- 7.4.1. Metals & Mining
- 7.4.2. Manufacturing
- 7.4.3. Marine & Shipping
- 7.4.4. Construction
- 7.4.5. Entertainment
- 7.4.6. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Industrial Brakes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Mechanically Applied Brakes
- 8.2.2. Electrically Applied Brakes
- 8.2.3. Pneumatically Applied Brakes
- 8.2.4. Hydraulically Applied Brakes
- 8.2.5. Drum & Disc Brakes
- 8.2.6. Spring Brakes
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Dynamic & Emergency Brakes
- 8.3.2. Holding Brakes
- 8.3.3. Tension Brakes
- 8.4. Market Analysis, Insights and Forecast – By End-user Industry
- 8.4.1. Metals & Mining
- 8.4.2. Manufacturing
- 8.4.3. Marine & Shipping
- 8.4.4. Construction
- 8.4.5. Entertainment
- 8.4.6. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Industrial Brakes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Mechanically Applied Brakes
- 9.2.2. Electrically Applied Brakes
- 9.2.3. Pneumatically Applied Brakes
- 9.2.4. Hydraulically Applied Brakes
- 9.2.5. Drum & Disc Brakes
- 9.2.6. Spring Brakes
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Dynamic & Emergency Brakes
- 9.3.2. Holding Brakes
- 9.3.3. Tension Brakes
- 9.4. Market Analysis, Insights and Forecast – By End-user Industry
- 9.4.1. Metals & Mining
- 9.4.2. Manufacturing
- 9.4.3. Marine & Shipping
- 9.4.4. Construction
- 9.4.5. Entertainment
- 9.4.6. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Akebono Brake Industry Co., Ltd.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Pintsch Bubenzer GmbH
- 10.6. ANTEC, S.A.
- 10.7. Eaton Airflex
- 10.8. GKN Walterscheid GmbH
- 10.9. Ringspann GmbH
- 10.10. SIBRE - Siegerland Bremsen GmbH
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
