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Industrial Brakes Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report
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On the basis of type, the market is divided into mechanically applied brakes, hydraulically applied brakes, pneumatically applied brakes, electrically applied brakes, drum and disc brakes, and spring brakes. Electrically applied brakes is estimated to be the largest category in the industrial brakes market, contributing more than 30.0% in 2017. Electrically applied brakes are precise and provide greater safety, leading to greater adoption of these brakes by automobile companies.
Most of the construction equipment need these brakes as they carry heavy loads and if there is sudden failure of the equipment, the loads will fall. Thus, these brakes play a major role in avoiding any sudden accident in the workplace.
The global industrial brakes market is expected to witness a steady growth, owing to rise in the adoption of automation processes and subsequently increasing demand for industrial robotics. Globally, Asia-Pacific has been the largest market for these brakes.
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Some of the major players operating in the industrial brakes industry are Akebono Brake Ihttps://www.psmarketresearch.com/market-analysis/industrial-brakes-markendustry Co., Ltd., Altra Industrial Motion Corp., Antec S.A., Carlisle Brake & Friction, Coremo Ocmea S.p.A., GKN Walterscheid Gmbh, Pintsch Bubenzer Gmbh, Ringspann GmbH, SIBRE – Siegerland Bremsen GmbH, and Eaton Corporation.
Global Industrial Brakes Market Segmentation
By Type
Mechanically Applied Brakes
Hydraulically Applied Brakes
Pneumatically Applied Brakes
Electrically Applied Brakes
Drum & Disc Brakes
Spring Brakes
By Application
Holding Brakes
Dynamic & Emergency Brakes
Tension Brakes
By Industry
Manufacturing
Metal & Mining
Construction
Entertainment
Marine & Shipping
Others
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