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North America Industrial Brakes Market Expected to Reach $189.48 Million by 2025 | Top key players profiled Akebono Brake Corporation, Altra Industrial Motion Corp. Carlisle Brake & Friction, Chassis Brakes International.

04-26-2019 10:32 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

North America Industrial Brakes Market Expected to Reach

The North America industrial brakes market was valued at $146.0 million in 2017, and is projected to reach $189.48 million in 2025, growing at a CAGR of 3.4%.

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.

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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.

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.

Lack of uniformity in standardized guidelines for industrial brakes is a major challenge that can restrain the growth of the North America industrial brakes market. The smooth motion and halt improves the efficiency, accuracy, and safety of the workplace. Thus, the industrial brakes are crucial to industrial requirement and boost the market growth during the forecast period. Moreover, rise in adoption of industrial automation to improve the production capabilities of the manufacturing plant fuel the growth of the market.

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The key players profiled in this report include Akebono Brake Corporation, Altra Industrial Motion Corp. Carlisle Brake & Friction, Chassis Brakes International, Drive-Line Inc., Eaton Corporation, Industrial Brakes Company, Mach III Clutch, Inc., Ogura Industrial Corp. and The Carlyle Johnson Machine Company, LLC.

About Us
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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