Industrial Brakes Market by Type (Mechanically Applied Brakes, Hydraulically Applied Brakes, Pneumatically Applied Brakes, Electrically Applied Brakes, Drum & Disc Brakes, and Spring Brakes), Application (Holding Brakes, Dynamic & Emergency Brakes, and Te

According to a new report published by Allied Market Research, titled, Industrial Brakes by Type, Application and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023, the industrial brakes market was valued at $828 million in 2016, and is projected to reach at $1,074 million by 2023, growing at a CAGR of 3.70% from 2017 to 2023. Europe is expected to be the leading contributor to the industrial brakes market, followed by Asia-Pacific and North America.

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Rise in automation processes and adoption of industrial robotics is expected to drive the industrial brakes market. In addition, the increase in consciousness toward safety and efficiency of industrial machineries also boost the market growth. However, due to fluctuating prices of materials used for brakes impacting the profit margins and stringent regulations associated with industrial machineries are expected to hinder the growth of the market. Technological driven advancement such as sensors-enabled brake systems and automatic braking systems are anticipated to provide lucrative profitable opportunities to the market players during the forecast period.

In 2016, the hydraulic brakes, accounted for the maximum market share of 28% in the global industrial brakes market as they ensure reliability and are easy to maintain. Moreover, due to less maintenance cost they are widely preferred by various end-user industries. The electronically applied brakes segment is expected to grow at a fastest CAGR of 5.1% owing to superior level of precision and accuracy of these brakes. Moreover, the electrically applied and pneumatically applied brakes segment in the global industrial brakes market is expected to generate maximum revenue during the forecast period (2017-2023).

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Europe accounted for more than one fourth of the industrial brakes market in 2016 owing to the high construction and manufacturing activities in Germany and Russia. Asia-Pacific is estimated to grow at the highest rate followed by Europe due to rise in construction and manufacturing activities in these regions.

The key players profiled in the industrial brakes market include Akebono Brake Industry Co., Ltd., Altra Industrial Motion Corp., Antec, S.A., Carlisle Brake & Friction, Coremo Ocmea S.P.A., Eaton, GKN Walterscheid Gmbh, Pintsch Bubenzer Gmbh, Ringspann GmbH, and SIBRE - Siegerland Bremsen GmbH. Market players have adopted various strategies such as product launch, collaboration & partnership, and acquisition to expand their foothold in the market.

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With the increase in demand for industrial robotics in all industries, there is a significant rise in the application of the industrial brakes. The brakes facilitate desired motion by delivering the right velocity, acceleration, and deceleration of the industrial equipment. Furthermore, it assists in holding and lifting heavy payloads in the manufacturing plant activities. Increase in activities in construction, metals & mining, and manufacturing industries also boost industrial brakes industry. The availability of technology driven solutions in automated brakes is anticipated to further drive the market growth.

However, the inconsistent prices of the materials required for brakes continues to fluctuate the profits margin for the market players. In addition, change in rates of foreign currency especially of Europe, post Brexit is also expected to influence the profit margins for the market players. The stringent government regulation associated with metals and mining processes to reduce their impact on the environment is also expected to challenge growth of the industrial brakes market in the coming years.

Table of Contents:

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. High threat of substitution
3.3.4. Moderate threat of new entrants
3.3.5. Moderate competitive rivalry

3.4. MARKET PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increasing activities in construction & manufacturing industries
3.5.1.2. Rising adoption of industrial robotics and automation processes
3.5.1.3. Rising inclination towards safety and efficiency of industrial machineries

3.5.2. Restraints

3.5.2.1. Fluctuating prices of materials used for manufacturing industrial brakes
3.5.2.2. Stringent regulations associated with industrial machineries

3.5.3. Opportunities

3.5.3.1. Providing technology driven brakes systems enabled with sensors

Chapter: 4 INDUSTRIAL BRAKES MARKET, BY TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. MECHANICALLY APPLIED BRAKES

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. HYDRAULICALLY APPLIED BRAKES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. PNEUMATICALLY APPLIED BRAKES

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

4.5. ELECTRICALLY APPLIED BRAKES

4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast

4.6. DRUM & DISC BRAKES

4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast

4.7. SPRING BRAKES

4.7.1. Key market trends
4.7.2. Key growth factors and opportunities
4.7.3. Market size and forecast

Chapter: 5 INDUSTRIAL BRAKES MARKET, BY APPLICATION

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. HOLDING BRAKES

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. DYNAMIC & EMERGENCY BRAKES

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. TENSION BRAKES

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

Chapter: 6 GLOBAL INDUSTRIAL BRAKES MARKET, BY END-USER INDUSTRY

6.1. OVERVIEW

6.1.1. Market Size and Forecast

6.2. METALS & MINING

6.2.1. Key Market Trends
6.2.2. Key Growth factors and Opportunities

6.3. CONSTRUCTION

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.4. MANUFACTURING

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.5. ENTERTAINMENT

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

6.6. MARINE & SHIPPING

6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast

6.7. OTHERS

6.7.1. Key market trends
6.7.2. Key growth factors and opportunities
6.7.3. Market size and forecast

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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.

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