Press release
Industrial Brakes Market Outlook-2023 | By Type, Application with Key Players Analysis
Industrial Brakes Market
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The industry plays a crucial function in mechanical power transmission to deliver mechanical energy to shafts. This aids in facilitating motion in industrial equipment.
Increase in activities in construction and manufacturing activities due to rise in population and growth in industries, such as metals & mining, power generation, construction, entertainment, marine & shipping, and others boost the industry. Furthermore, the brakes deliver robust performance which is also expected to fuel the industrial brakes market growth during the forecast period.
Moreover, rise in inclination toward enhanced efficiency and safety of the industrial machineries among the market players is also anticipated to drive the industrial brakes industry in the coming years. Technology driven motion control solutions involving sensors enabled in brakes can provide lucrative opportunities to the manufacturers.
Key Segments
The industrial brakes market is segmented on the basis of type, application, end user, and geography.
Based on type, the industry is classified into mechanically applied brakes, hydraulically applied brakes, pneumatically applied brakes, electrically applied brakes, drum & disc brakes, and spring brakes.
By application, it is categorized into holding brakes, dynamic & emergency brakes, and tension brakes.
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Based on the end-user industry, it is divided into metals & mining, construction, manufacturing, entertainment, marine & shipping, and others (military, power generation, printing, transportation, and aerospace).
By geography, it is analyzed across four regions including North America, Europe, Asia-Pacific, and LAMEA.
Key Players
The key players operating in the global industrial brakes market are 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.
Key Benefits for Industrial Brakes Market:
It provides an in-depth analysis of the industrial brakes market and current & future trends to elucidate the imminent investment pockets.
It offers information about key drivers, restrains, and opportunities.
It gives illustrations through the Porters Five Forces analysis to highlight the potency of buyers & suppliers operating in the industry.
It provides quantitative analysis of the industry to determine the market potential, during the forecast period.
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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.
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