Press release
Comprehensive Industrial Brakes Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Industrial Brakes
Industrial Brakes Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The value of the industrial brakes market has seen robust growth in the past few years. The market is projected to expand from $1.31 billion in 2024 to $1.38 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this growth throughout the historical duration include enhanced industrial automation, stricter safety regulations, an upswing in manufacturing productivity, a surge in demand for high-efficiency machinery, and the requirement for dependable braking systems.
Industrial Brakes Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for significant expansion in the industrial brakes market in the coming years, with projections suggesting that it will reach a value of $1.73 billion in 2029, expanding at a compound annual growth rate (CAGR) of 5.7%. Factors contributing to this growth in the forecast period include enhanced focus on energy efficiency, a surge in renewable energy projects, increasing attention to predictive maintenance, the demand for tailor-made solutions, and more rigorous safety and performance standards. Notable trends for the forecast period encompass the inclusion of IoT in braking systems, the creation of superior materials, a focus on miniaturization and compact layouts, progress in friction materials, and a shift towards sustainable and environmentally friendly products.
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What Are the Drivers Transforming the Industrial Brakes Market?
The projected growth of the industrial brakes market can be attributed to the rise in automation within the manufacturing sector. Manufacturing automation entails the use of advanced technology, such as robots and control systems, to streamline processes and tasks, with the aim of enhanced precision, efficiency, and productivity. Factors accelerating this upswing in manufacturing automation include the demand for improved efficiency, reduced costs, more precise results, increased safety, and the ability to handle high production demands. Industrial brakes play a critical role in this surge in automation, offering key functions like dependable emergency stopping, accurate motion control, consistent functioning under varying loads, and heightened safety provisions, which are all crucial in preserving the efficiency and reliability of automated systems. For example, in September 2023, as per a report released by the International Federation of Robotics, based in Germany, the global installation of industrial robots reached 553,052 in 2022, reflecting a 5% rise from the previous year. Therefore, this trend towards increased automation in manufacturing is undoubtedly steering the growth of the industrial brakes market.
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What Long-Term Trends Will Define the Future of the Industrial Brakes Market?
Major players in the industrial brakes market are prioritizing the creation of cutting-edge products, such as advanced braking technologies. These developments aim to boost performance, amplify safety measures, and accelerate efficiency across a variety of industrial applications. Advanced braking systems refer to cutting-edge braking mechanisms that incorporate progressive technologies and materials to improve performance, safety, and efficiency. For example, in March 2023, the technology firm ZF Friedrichshafen AG, based in Germany, launched the Advanced Brake-by-Wire Solutions, designed specifically for the worldwide construction industry. When operating, this innovative brake system uses an electronic signal to adjust brake pressure as required, eliminating the need for hydraulic lines within the vehicle. This type of development paves the way for electric and autonomous machinery operations.
Which Segments in the Industrial Brakes Market Offer the Most Profit Potential?
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 Firms Dominate the Industrial Brakes Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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