Industrial Brakes Market Growing at a CAGR of 3.70% - In -Depth Analysis of Top Impacting Factors with Leading Players Akebono Brake Industry Co., Ltd., Altra Industrial Motion Corp., Antec, S.A., Carlisle Brake & Friction, Coremo Ocmea S.P.A., Eaton, GKN

Allied Market Research recently published a report, titled, "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 Tension Brakes), and End User Industry (Metals & Mining, Construction, Power Generation, Entertainment, Marine & Shipping, and Others): Global Opportunity Analysis and Industry Forecast, 2017-2023". The report offers an extensive analysis of the key winning strategies, market size & estimations, competitive landscape, top investment pockets, and driving factors & opportunities. As per the report, the global industrial brakes market accounted for $842.2 million in 2017 and is expected to garner $1,074.1 million by 2023, registering a CAGR of 4.1% through 2023.

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Increase in production activities in the construction and manufacturing industries due to surge in global population and high adoption of industrial robotics and automation processes drives the growth of the global industrial brakes market. However, fluctuating prices of materials used for manufacturing industrial brakes and stringent government regulations hamper the market growth. On the contrary, growing inclination toward safety & efficiency of industrial machinery and technological developments in sensors market would offer lucrative opportunities for the market players in the coming years.

In 2017, the electric brakes segment accounted for about one-third of the total market share, owing to the versatile benefits such as low reaction time, less maintenance, and superior grip. Moreover, this segment is expected to register the fastest CAGR of 4.6% through 2023, due to the growing popularity of electric brakes. The report analyzes other industrial brakes types such as mechanical applied, hydraulically applied, pneumatically applied, drum & disc brakes, and spring brakes.

The demand for dynamic & emergency brakes has increased owing to increased awareness toward workplace safety. This segment is expected to witness the fastest CAGR of 4.3% from 2017 to 2023. However, the holding brakes segment held the largest share, contributing about 57% of the total market in 2017, owing to the growing applications of brakes in lifting, holding, hoisting, and picking & placing. The tension brakes segment would witness gradual growth in the coming years.

The global industrial brakes market report is segmented based on end user into manufacturing, metal & mining, construction, entertainment, marine & shipping, and others. In 2017, the manufacturing segment dominated the global market in terms of revenue, contributing more than one-third share. However, construction segment is expected to manifest the fastest CAGR of 6.0% during the forecast period, owing to rise in adoption of various compact construction equipment and increase in infrastructure development in the last couple of years.

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In 2017, the Asia-Pacific region held the largest share in the market, contributing more than 42% share. It is expected to continue its dominance throughout the study period. In addition, the region is projected to portray the fastest CAGR of 5.2% through 2024, owing to the presence of the global manufacturing and automotive hubs such as India and China, which offer lucrative opportunities for the market players. The other regions explored in the study include North America, Europe, and Latin America, Middle East and Africa (LAMEA).

The leading companies analyzed in the report include Akebono Brake Industry Co., Ltd., Antec, Carlisle Brake & Friction, Eaton, Pintsch Bubenzer GmbH, SIBRE - Siegerland Bremsen GmbH, Altra Industrial Motion Corp., S.A., Coremo Ocmea S.p.A., GKN Walterscheid GmbH, and Ringspann GmbH. These companies have adopted several strategies such as partnerships, collaboration, mergers & acquisitions, new product launch to maintain their lead in the market.

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION OF THE INDUSTRIAL BRAKES MARKET
FIGURE 2. EXECUTIVE SUMMARY OF THE INDUSTRIAL BRAKES MARKET
FIGURE 3. TOP IMPACTING FACTORS
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. TOP INVESTMENT POCKETS
FIGURE 6. PORTER’S FIVE FORCES
FIGURE 7. MARKET PLAYER POSITIONING, 2016
FIGURE 8. INDUSTRIAL BRAKES MARKET, BY TYPE, 2016 & 2023 (%)
FIGURE 9. INDUSTRIAL BRAKES MARKET, BY APPLICATION, 2016 & 2023 (%)
FIGURE 10. GLOBAL INDUSTRIAL BRAKES MARKET, BY END-USER INDUSTRY, 2016-2023 ($MILLION)
FIGURE 11. INDUSTRIAL BRAKES MARKET SHARE & GROWTH RATE, BY REGION, 2016(%)
FIGURE 12. NORTH AMERICA INDUSTRIAL BRAKES MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 13. EUROPE INDUSTRIAL BRAKES MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 14. ASIA-PACIFIC INDUSTRIAL BRAKES MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 15. LAMEA INDUSTRIAL BRAKES MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 16. ANTEC, S.A.: NET SALES, 2014-2016 ($MILLION)
FIGURE 17. ANTEC, S.A.: REVENUE BY SEGMENT, 2016 (%)
FIGURE 18. ANTEC, S.A.: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 19. CARLISLE BRAKE & FRICTION: NET SALES, 2014-2016 ($MILLION)
FIGURE 20. CARLISLE BRAKE & FRICTION: REVENUE BY SEGMENT, 2016 (%)
FIGURE 21. CARLISLE BRAKE & FRICTION: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 22. GKN WALTERSCHEID GMBH: NET SALES, 2014-2016 ($MILLION)
FIGURE 23. GKN WALTERSCHEID GMBH: REVENUE BY PRODUCT, 2016 (%)
FIGURE 24. GKN WALTERSCHEID GMBH: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 25. PINTSCH BUBENZER GMBH: SALES REVENUE, 2014-2016 ($MILLION)
FIGURE 26. PINTSCH BUBENZER GMBH: SALES REVENUE BY PRODUCT, 2016 (%)
FIGURE 27. RINGSPANN GMBH: SALES, 2013-2015 ($MILLION)
FIGURE 28. RINGSPANN GMBH: REVENUE BY SEGMENT, 2015 (%)
FIGURE 29. RINGSPANN GMBH: REVENUE BY GEOGRAPHY, 2015 (%)
FIGURE 30. SIBRE - SIEGERLAND BREMSEN GMBH: NET SALES, 2014-2016 ($MILLION)
FIGURE 31. SIBRE - SIEGERLAND BREMSEN GMBH: REVENUE BY PRODUCT, 2016 (%)
FIGURE 32. SIBRE - SIEGERLAND BREMSEN GMBH: REVENUE BY GEOGRAPHY, 2016 (%)

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