Press release
Industrial Brakes And Clutches Market Dynamics, Forecast, Analysis and Supply Demand 2017-2027
Global Industrial Brakes and Clutches Market: Market Dynamics
The transition of manufacturing sector towards automation and smart manufacturing, supplemented by increasing investments in industrial automation equipment are the key factors responsible for the growth of the industrial brakes and clutches market. Furthermore, industries across the globe are strongly influenced by standards and regulations that demand robust equipment performance and proper safety of man and material, such regulations also compel manufacturers to focus on research and product development, in turn, fuelling the market growth. The expected growth in end-use industries i.e. oil & gas, mining, lumber industry, coal handling, steel industry, cable car & ropeway, power generation, mining, etc. is foreseen to create new opportunities for industrial brakes and clutches market. Adoption of new and advanced products such as backstopping clutches and advanced material brake shoe & rotors is projected to be the prominent trend in the global industrial brakes and clutches market.
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Global Industrial Brakes and Clutches Market: Segmentation
The global industrial brakes and clutches market can be segmented based on technology, product type, sales channel and end-use industry.
By technology, the global industrial brakes and clutches market can be classified into:
Clutches
Electric
Mechanical
Pneumatic & Hydraulic
Electromagnetic
Brakes
Electric
Mechanical
Pneumatic & Hydraulic
Electromagnetic
By product type, the global industrial brakes and clutches market can be classified into:
Dry
Oil Immersed
By sales channel, the global industrial brakes and clutches market can be classified into:
OEM
MRO Services/Aftermarket
By end-use industry, the global industrial brakes and clutches market can be classified into:
Mining & Metallurgy Industry
Construction Industry
Power Generation Industry
Industrial Production
Commercial
Logistics and Material Handling Industry
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Global Industrial Brakes and Clutches Market: Region-wise Outlook
North America and Europe are the hubs for manufacturing industrial brakes and clutches. A number of prominent manufacturers of industrial brakes and clutches have their manufacturing facilities in these regions. Thus, these regions are projected to be the technology leaders when mapped on to a global front. The regions are expected to witness high adoption rate for new and advanced technologies when compared to other regions. Asia Pacific is expected to emerge as a lucrative market for industrial brakes and clutches, as the region is foreseen to have noteworthy investment in industrial automation. Also, new infrastructural development, oil & gas projects will create demand, both for fresh sales of industrial brakes and clutches and MRO services. In Middle East and Africa, oil & gas, mining and construction are expected to be the key markets for industrial brakes and clutches and positive growth is expected during the forecast period.
Global Industrial Brakes and Clutches Market: Market Participants
Examples of some of the market participants identified in the global industrial brakes and clutches market are:
Altra Industrial Motion Corp.
The Carlyle Johnson Machine Company, LLC
Eaton Corporation Plc
Johnson Industries Ltd.
Hindon Corporation
Kobelt Manufacturing Co. Ltd.
Ogura Industrial Corp.
Dayton Clutch & Joint.
PT Tech Power Innovation
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