Press release
North America Industrial Brakes Market Expected to Reach $189.48 Million by 2025
North America Industrial Brakes Market
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Industrial brakes assist manufacturers by absorbing the kinetic energy of the equipment & machineries, subsequently resulting in the desired motion for industrial application. Further, they are also capable of holding heavy platforms & payloads in the manufacturing plant as well as applying emergency brakes for ensuring the safety of the workstations. In addition, they also provide the required tension in several equipment and machineries in various end-user industries.
Rise in adoption in industrial automation fuels the demand for industrial brakes. Moreover, the versatile benefits associated with industrial robotics such as movement within the workspace, lifting payloads, and performing application-specific tasks that require controlling the motion of the robots, are also anticipated to drive the growth of the industrial brakes market in the coming years. Further, growth in the construction and mining activities is anticipated to increase the demand for the industrial brakes market in future.
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The industrial brakes have applications in various end-user industries such as construction, metals & mining, entertainment, marine & shipping, and military & aerospace. The industrial brakes function in cranes, lifts & escalators, packaging machines, amusement rides, wind turbines, fans & ventilators, construction equipment textile machines, and assembly stations to name a few. Thus, the increase in activities in these industries and subsequent demand for automation of processes are expected to drive the growth of the North America industrial brakes market in the coming years.
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The North America industrial brakes market is segmented based on type, application, end-user industry, and country. Based on type, the market is fragmented into mechanically-applied, hydraulically-applied, pneumatically-applied, electrically-applied, drum & disk brake, and spring brakes. The electric segment is anticipated to dominate the North America industrial brakes market throughout the study period. Based on application, the market is categorized into holding brakes, dynamic & emergency brakes, and tension brakes.
Key Benefits for Stakeholders
• The study provides an in-depth analysis of the North America industrial brakes market with its current & future trends to elucidate the imminent investment pockets.
• Information about key drivers, restraints, and opportunities and their impact analysis on the market is provided.
• Porters five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the North America market from 2017 to 2025 is provided to determine the market potential.
North America Industrial Brakes Market Key Segment:
By Type
• Mechanically-applied Brake
• Hydraulically-applied Brake
• Pneumatically-applied Brake
• Electrically-applied Brake
• Drum & Disc Brake
• Spring Brake
By Application
• Holding Brake
• Dynamic & Emergency Brake
• Tension Brake
By End-User Industry
• Manufacturing
• Metals & Mining
• Construction
• Entertainment
• Marine & Shipping
• Others
By Country
• U.S.
• Canada
• Mexico
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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