About Industrial Brakes
A brake is a mechanical gadget that restrains motion by taking energy from the system that is in motion. It is utilized for slowing or stopping a system in motion, most often this is achieved by the means of friction. Along with managing the speed, the brakes also aid in delivering required action or course in the respective applications it is used as per necessity. The manufacturing industry has held the leading market share of over 45 percent during 2018. Due to which there is a rise in the investment in the automation sector and the manufacturing industry is anticipated to prolong dominating the market in the upcoming time too.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that German Manufacturers will contribute the maximum growth to Global Industrial Brakes market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Trebu Technology Rotterdam (Netherlands), AMETEK.Inc. (United States), GKN Walterscheid GmbH (Germany), The Carlyle Johnson Machine Company, LLC. (United States), Akebono Brake Industry Co., Ltd. (Japan), Pintsch Bubenzer GmbH (Germany), Eaton Airflex (Ireland) and SIBRE - Siegerland Bremsen GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ringspann GmbH (Germany), ANTEC, S.A. (Spain) and Coremo Ocmea S.p.A. (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Brakes market by Type (Disc Breaks, Drum Breaks, Shunt Breaks and Emergency/Failsafe Breaks), Application (Escalators, Lifts, Cranes, Conveyers, Industrial Robotics and Others) and Region.
On the basis of geography, the market of Industrial Brakes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Construction will boost the Industrial Brakes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the Renovation Activities in the Developing Countries, Growing Trend of Integrating of Automation in the Industrial Sectors, Increase in the Implementation of Industrial Robotics and Rapid Growth of Mining Sector in Emerging Economies
Market Growth Drivers:
With the rapid growth in the construction and manufacturing industry across the globe it is expected that there would be an increase in the demand of construction equipment and hence, in turn, industrial breaks would be needed. With the increase in demand for industrial robotics across all the industries, there will be need for industrial breaks.
Challenges:
Lack of Awareness about Industrial Breaks and its Functionalities and Inadequate Quality Control in Developing Countries
Restraints:
Unavailability of the Raw Materials Used for Making These Brakes and Severe Regulations Associated with Industrial Machineries Set by Government
Opportunities:
Increase in the Construction Sector in Developing Countries, Significant Growth in Infrastructure Sector and Growth in Various Technologies Such As Internet of Things (IoT) and Automation
Market Leaders and their expansionary development strategies
In October 2019 - AMETEK, Inc. announced that it has completed its acquisition of Gatan, a leading manufacturer of instrumentation and software used to enhance and extend the operation and performance of electron microscopes. AMETEK acquired Gatan from Roper Technologies, Inc. in an all-cash transaction valued at USD 925 million.
In December 2023, TMD Friction UK, a prominent braking expert, has expanded its Mintex product line to better serve the passenger car and light commercial vehicle markets. The latest additions include three brake discs, three brake pads, and four wear leads, enhancing the range for an array of vehicles. Notably, new Mintex brake discs part MDC2846C are compatible with select Mercedes-Benz and Nissan models, MDC3178C for certain Ford vehicles, and MDC3179C for BMW 2 Active Tourer and X1 models.
Key Target Audience
Manufacturers of Industrial Breaks, Suppliers of Industrial Breaks, Wholesalers and Distributors of Industrial Breaks, Construction Industry, Mining Industry, Manufacturing Industry, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.