Press release
Increasing Automation Drives Industrial Brakes Market Growth Through Essential Functions Driver: Leading Transformation in the Industrial Brakes Market in 2025
Industrial Brakes Market Size
The growing trend of automation in the manufacturing sector is projected to spur the expansion of the industrial brakes market in the future. The concept of automation in this context involves the utilization of technology, including robots and control systems, to execute jobs and procedures with minimum human involvement. This is done with the objective to improve efficacy, precision, and productivity. The factors driving this shift towards automation include the desire for enhanced efficiency, cost savings, increased accuracy, improved safety, and the ability to fulfill high production requirements. Industrial brakes play a significant part in this unfolding automation trend by offering vital attributes such as accurate motion control, dependable emergency stop, consistent performance amidst different loads, and improved safety protocols. These attributes are essential for ensuring the efficiency and dependability of automated systems. As an example, a report in September 2023 by the International Federation of Robotics, a Germany-based robotics research body, showed that the worldwide installation of industrial robots tallied to 553,052 in 2022, a 5% hike from the previous year. Hence, the rising automation in the manufacturing sector is fueling the expansion of the industrial brakes market.
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What is the projected compound annual growth rate (CAGR) of the industrial brakes market from 2025 to 2034, and what factors influence it?
The market size for industrial brakes has been experiencing robust growth in the past few years. The estimation is that it will expand from $1.31 billion in 2024 to about $1.38 billion in 2025, marking a compound annual growth rate (CAGR) of 6.0%. This growth during the historic timeframe is credited to factors such as the surge in industrial automation practices, stricter safety policies, an increase in manufacturing production, growing demand for highly efficient machinery, and the necessity for dependable braking systems.
In the forthcoming years, the industrial brakes market size is predicted to experience substantial growth, escalating to $1.73 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. The surge during the projected period is due to factors such as emphasis on energy efficiency, increase in renewable energy projects, attention towards predictive maintenance, need for tailored solutions, and stricter safety and performance standards. The key trends in this time frame encompass the incorporation of IoT into braking systems, creation of cutting-edge materials, attention to miniaturization and petite designs, progress in friction materials, and a shift towards ecological and sustainable products.
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How are the latest trends influencing the growth of the industrial brakes market?
Key players in the industrial brakes industry are concentrating on innovative product launches, such as cutting-edge braking systems, to upgrade performance, reinforce safety, and boost efficiency in a range of industrial settings. These advanced braking technologies integrate groundbreaking techniques and materials to improve performance, security, and effectiveness. For example, in March 2023, ZF Friedrichshafen AG, a technology firm based in Germany, introduced the Advanced Brake-by-Wire Solutions specifically designed for the global construction sector. The innovative braking mechanism operates using an electronic signal, controlling brake pressure as required and making hydraulic lines within the cab redundant. This shift facilitates the progression to electric and autonomous vehicle functions.
What are the major segments of the industrial brakes market and their role in driving growth?
The industrial brakesmarket covered in this report is segmented -
1) By Type: Mechanically Applied Brakes, Hydraulically Applied Brakes, Pneumatically Applied Brakes, Electrically Applied Brakes
2) By Application: Holding Brakes, Dynamic And Emergency Brakes, Tension Brakes
3) By End-User: Marine And Shipping, Mining, Manufacturing, Construction, Entertainments, Other End-Users
Subsegments:
1) By Mechanically Applied Brakes: Spring Applied Brakes, Band Brakes, Drum Brakes, Disc Brakes
2) By Hydraulically Applied Brakes: Hydraulic Disc Brakes, Hydraulic Drum Brakes, Oil-Immersed Brakes
3) By Pneumatically Applied Brakes: Pneumatic Disc Brakes, Pneumatic Drum Brakes, Spring-Actuated Pneumatic Brakes
4) By Electrically Applied Brakes: Electromagnetic Brakes, Electric Disc Brakes, Electric Drum Brakes
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Which regions are key players in the growth of the industrial brakes market?
North America was the largest region in the industrial brakes market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial brakes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the industrial brakes market?
Major companies operating in the industrial brakes market are Eaton Corporation plc, Parker Hannifin Corporation, Shanghai Borui Electric Co. Ltd., AMETEK Inc., Nabtesco Corporation, Altra Industrial Motion Corp., Akebono Brake Industry Co. Ltd., Haldex AB, ADVICS CO. LTD., KTR Systems GmbH, Hilliard Corporation, Kor-Pak Corporation, Dellner Bubenzer, Tolomatic Inc., Antec SA, Kobelt Manufacturing Co. Ltd., SIBRE Siegerland Bremsen GmbH, Kamco Components Ltd., Jiaozuo Changjiang Brake Co. Ltd., Carlisle Brake & Friction, Jiangxi Huawu Brake Co. Ltd., Coremo Ocmea S.p.A., Emco Precima Engineering Pvt Ltd.
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What Is Covered In The Industrial Brakes Global Market Report?
•Market Size Forecast: Examine the industrial brakes market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial brakes market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial brakes market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial brakes market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial brakes market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial brakes market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial brakes market.
•Competitive Landscape: Review strategic developments in the industrial brakes market, including expansions, agreements, and new product launches.
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