Press release
Evolving Market Trends In The Industrial Brakes Industry: Advancements In Industrial Brakes Next-Generation Technologies And Industry Innovations
Industrial Brakes
What Is the Expected Industrial Brakes Market Size During the Forecast Period?
The industrial brakes market size is projected to grow from $1.31 billion in 2024 to $1.38 billion in 2025, at a CAGR of 6.0%. This growth is driven by the rise in industrial automation, increasing safety regulations, higher manufacturing output, demand for high-performance machinery, and the need for reliable braking systems.
The industrial brakes market is expected to grow to $1.73 billion in 2029, expanding at a CAGR of 5.7%. Growth factors include energy efficiency, renewable energy projects, predictive maintenance, demand for customized solutions, and tighter safety standards. Trends include IoT integration, advanced materials, miniaturization, friction material advancements, and eco-friendly products.
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What Are the High-Growth Segments in the Industrial Brakes Market?
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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What Key Drivers Are Expected to Influence Future Industrial Brakes Market Growth?
Increasing automation in manufacturing is bolstering the industrial brakes market. Automation's growth is driven by efficiency and precision requirements in modern production systems. Industrial brakes ensure operational control and safety in automated environments. In September 2023, the International Federation of Robotics noted that global installations of industrial robots reached 553,052 in 2022, a 5% rise over the previous year. This trend is strengthening the industrial brakes market.
Which Companies Hold the Largest Share Across Different Industrial Brakes Market Segments?
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.
What Trends Are Driving Growth in The Industrial Brakes Market?
Companies in the industrial brakes market are advancing next-generation braking technologies to improve performance, safety, and efficiency across industrial applications. These innovative braking systems incorporate advanced materials and technologies. For instance, in March 2023, ZF Friedrichshafen AG, a Germany-based technology company, introduced the Advanced Brake-by-Wire Solutions for the global construction industry. This system uses electronic signals to adjust brake pressure, eliminating the need for hydraulic lines and supporting the shift toward electric and autonomous vehicles.
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What Are the Emerging Geographies for The Industrial Brakes Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Brakes Market?
2. What is the CAGR expected in the Industrial Brakes Market?
3. What Are the Key Innovations Transforming the Industrial Brakes Industry?
4. Which Region Is Leading the Industrial Brakes Market?
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