Industrial Brakes Market in North America: A Growing Industry

A recent report from Allied Market Research, titled "North America Industrial Brakes Market: Opportunity Analysis and Industry Forecast, 2018-2025," reveals promising growth prospects in the North American industrial brakes market. In 2017, this market was valued at $146.0 million and is projected to reach $189.48 million by 2025, showing a compound annual growth rate (CAGR) of 3.4%.

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Industrial brakes play a pivotal role in the manufacturing sector by harnessing the kinetic energy of machinery and equipment, facilitating their controlled motion for various industrial applications. These essential components are not only adept at supporting heavy loads and platforms in manufacturing plants but also ensuring safety through emergency braking. Additionally, they offer the necessary tension for numerous types of equipment and machinery across different industries.

One driving factor behind the growing demand for industrial brakes is the increasing adoption of industrial automation. The remarkable versatility of industrial robotics, which includes tasks such as workspace mobility, payload lifting, and precise motion control, is expected to fuel the growth of the industrial brakes market in the years to come. Furthermore, the expansion of construction and mining activities is set to contribute to the rising demand for industrial brakes in the near future.

The applications of industrial brakes span a wide range of industries, including construction, metals and mining, entertainment, marine and shipping, and military and aerospace. These crucial components find their place in various equipment, such as cranes, lifts, escalators, packaging machines, amusement rides, wind turbines, fans, ventilators, construction machinery, textile machines, and assembly stations, to name a few. The increased activities in these sectors, coupled with the desire for process automation, are anticipated to be key growth drivers for the North America industrial brakes market.



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Key Findings of the North America Industrial Brakes Market:

Application-wise, the holding brake segment emerged as the market leader in terms of revenue in 2017 and is expected to grow at a CAGR of 3.7% during the forecast period.

The United States stood out as the highest revenue generator in 2017, with Mexico projected to achieve the highest CAGR of 4.9%.

Electrically-applied brakes dominated the market by revenue in 2017 and are estimated to grow at a rate of 4.0%.

Among various end-user industries, the manufacturing segment held the largest market share in 2017.

The North America industrial brakes market features prominent players such as 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. These companies are actively contributing to the growth and innovation within the industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. 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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