Market Overview:
The global brakes for industrial machinery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for forklifts, cranes, and tractors across the globe. Additionally, the growing awareness about safety regulations in various industries is also propelling the demand for brakes for industrial machinery. The drum brakes segment is expected to dominate the global brake market for industrial machinery owing to its low cost and easy installation as compared to disc brakes. However, disc brakes are gaining popularity due their superior performance characteristics as compared to drum brakes.
Product Definition:
A brake is a device used to slow or stop the rotation of a wheel or shaft. Most brakes use friction to create drag on the spinning object, eventually bringing it to a stop. Industrial machinery often uses large rotating devices, such as turbines, generators, and driveshafts. Brakes are essential for safely stopping these devices in the event of an emergency. They can also be used to regulate speed and power output while the machine is running.
Drum Brakes:
Drum brakes are used to control the speed of a machine or vehicles. They are mainly employed in industrial applications where continuous heavy load transportation is required. The brake types include handbrakes, footbrakes and hydraulic brakes. Handbrakes are mostly used for manual transmission while hydraulic and foot brakses work on the same principal but for automatic transmission application respectively.
The growth factor in this market is increasing demand from emerging economies such as India, China, Brazil.
Disc Brakes:
The disc brakes market is expected to witness significant growth over the forecast period. The primary factor that propels this growth is increasing awareness regarding safety in vehicles, especially trucks and buses. Besides safety concerns, braking efficiency of a vehicle plays an important role in determining the performance of any Disc Brakes and it's usage in Brakes for Industrial Machinery system.
Application Insights:
The others application segment includes trucks, tractors, tankers and buses. Other types of industrial machinery include material handling equipment such as forklifts and pallet jacks. The demand for these machines is expected to increase at a CAGR of XX% in terms of revenue from 2018 to 2030 owing to the growth in the e-commerce industry coupled with an increasing number of manufacturing facilities across various countries.
The demand for disc brakes is anticipated to witness significant growth over the forecast period on account of its ability to provide longer life expectancy compared with other brake types such as linear or hydraulic brakes due to improved design features incorporated into these products. Furthermore, increasing penetration rates for advanced safety equipment including fall protection systems and anti-lock braking systems are further expected fuel market growth over the forecast period.
Tractors accounted for a major share in 2017 owing to their wide application scope including agriculture fields, construction sites.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid industrialization, which has resulted in an increasing demand for industrial machinery. Furthermore, rising infrastructure activities are likely to drive the regional market growth.
The Asia Pacific was followed by Europe with a share of 25.0% in terms of revenue and is anticipated to witness significant growth over the forecast period owing to growing investments from governments across various countries as well as increased adoption of energy-efficient technologies among manufacturers operating within Europe’s manufacturing sector.
Latin America also held a substantial share within the global market and is expected to register considerable gains during the forecast years due to increasing government spending on infrastructural development projects such as airports, sports complexes, etc.
Growth Factors:
- Increasing demand for industrial machinery from end-use industries such as automotive, aerospace, and heavy engineering is expected to drive the growth of the brakes for industrial machinery market over the forecast period.
- Growing awareness about safety norms and regulations across various industries is anticipated to boost the demand for brakes for industrial machinery in near future.
- Rising investments by key players in research and development activities to develop new technologies and products is projected to fuel the growth of this market during the forecast period.
- The increasing trend of automation across various sectors is expected to create opportunities for brake manufacturers in coming years. 5) Growing concerns regarding environmental pollution are likely to propel demand for energy-efficient brake systems over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Brakes for Industrial Machinery Market Research Report
By Type
Drum Brakes, Disc Brakes
By Application
Forklifts, Cranes, Tractors, Others
By Companies
Altra, Eaton, CBF, Akebono Brake, Huawu, Jingu Brake, Pintsch Bubenzer, SANYO SHOJI, SIBRE, Jiaozuo Changjiang Brake, Altra, GEMCO, Jiaozuo Brake, Shanghai Borui, Wulong, Tolomatic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Brakes for Industrial Machinery Market Report Segments:
The global Brakes for Industrial Machinery market is segmented on the basis of:
Types
Drum Brakes, Disc Brakes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Forklifts, Cranes, Tractors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Altra
- Eaton
- CBF
- Akebono Brake
- Huawu
- Jingu Brake
- Pintsch Bubenzer
- SANYO SHOJI
- SIBRE
- Jiaozuo Changjiang Brake
- Altra
- GEMCO
- Jiaozuo Brake
- Shanghai Borui
- Wulong
- Tolomatic
Highlights of The Brakes for Industrial Machinery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Drum Brakes
- Disc Brakes
- By Application:
- Forklifts
- Cranes
- Tractors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Brakes for Industrial Machinery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Brakes for industrial machinery are devices that help to stop the movement of a machine.
Some of the major players in the brakes for industrial machinery market are Altra, Eaton, CBF, Akebono Brake, Huawu, Jingu Brake, Pintsch Bubenzer, SANYO SHOJI, SIBRE, Jiaozuo Changjiang Brake, Altra, GEMCO, Jiaozuo Brake, Shanghai Borui, Wulong, Tolomatic.
The brakes for industrial machinery market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Brakes for Industrial Machinery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Brakes for Industrial Machinery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Brakes for Industrial Machinery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Brakes for Industrial Machinery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Brakes for Industrial Machinery Market Size & Forecast, 2018-2028
4.5.1 Brakes for Industrial Machinery Market Size and Y-o-Y Growth
4.5.2 Brakes for Industrial Machinery Market Absolute $ Opportunity
Chapter 5 Global Brakes for Industrial Machinery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Brakes for Industrial Machinery Market Size Forecast by Type
5.2.1 Drum Brakes
5.2.2 Disc Brakes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Brakes for Industrial Machinery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Brakes for Industrial Machinery Market Size Forecast by Applications
6.2.1 Forklifts
6.2.2 Cranes
6.2.3 Tractors
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Brakes for Industrial Machinery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Brakes for Industrial Machinery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Brakes for Industrial Machinery Analysis and Forecast
9.1 Introduction
9.2 North America Brakes for Industrial Machinery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Brakes for Industrial Machinery Market Size Forecast by Type
9.6.1 Drum Brakes
9.6.2 Disc Brakes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Brakes for Industrial Machinery Market Size Forecast by Applications
9.10.1 Forklifts
9.10.2 Cranes
9.10.3 Tractors
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Brakes for Industrial Machinery Analysis and Forecast
10.1 Introduction
10.2 Europe Brakes for Industrial Machinery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Brakes for Industrial Machinery Market Size Forecast by Type
10.6.1 Drum Brakes
10.6.2 Disc Brakes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Brakes for Industrial Machinery Market Size Forecast by Applications
10.10.1 Forklifts
10.10.2 Cranes
10.10.3 Tractors
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Brakes for Industrial Machinery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Brakes for Industrial Machinery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Brakes for Industrial Machinery Market Size Forecast by Type
11.6.1 Drum Brakes
11.6.2 Disc Brakes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Brakes for Industrial Machinery Market Size Forecast by Applications
11.10.1 Forklifts
11.10.2 Cranes
11.10.3 Tractors
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Brakes for Industrial Machinery Analysis and Forecast
12.1 Introduction
12.2 Latin America Brakes for Industrial Machinery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Brakes for Industrial Machinery Market Size Forecast by Type
12.6.1 Drum Brakes
12.6.2 Disc Brakes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Brakes for Industrial Machinery Market Size Forecast by Applications
12.10.1 Forklifts
12.10.2 Cranes
12.10.3 Tractors
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Brakes for Industrial Machinery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Brakes for Industrial Machinery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Brakes for Industrial Machinery Market Size Forecast by Type
13.6.1 Drum Brakes
13.6.2 Disc Brakes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Brakes for Industrial Machinery Market Size Forecast by Applications
13.10.1 Forklifts
13.10.2 Cranes
13.10.3 Tractors
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Brakes for Industrial Machinery Market: Competitive Dashboard
14.2 Global Brakes for Industrial Machinery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Altra
14.3.2 Eaton
14.3.3 CBF
14.3.4 Akebono Brake
14.3.5 Huawu
14.3.6 Jingu Brake
14.3.7 Pintsch Bubenzer
14.3.8 SANYO SHOJI
14.3.9 SIBRE
14.3.10 Jiaozuo Changjiang Brake
14.3.11 Altra
14.3.12 GEMCO
14.3.13 Jiaozuo Brake
14.3.14 Shanghai Borui
14.3.15 Wulong
14.3.16 Tolomatic
