Market Overview:
The global electromechanical brakes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electromechanical brakes in various applications, such as material handling, packaging industry, elevator, medical and others. Additionally, the growing awareness about safety and security is also propelling the demand for electromechanical brakes globally.
Product Definition:
Electromechanical brakes are a type of brake that uses both electrical and mechanical power to stop a vehicle. They are often used on electric vehicles, as they can provide more stopping power than traditional brakes. Electromechanical brakes are also less likely to wear out over time, making them a more reliable option for long-distance travel.
Power on Brake:
Power on brake is a function that enables the vehicle to carry out independent forward motion even when the driver applies full brake. The POB function is enabled by pressing the clutch pedal with foot, which causes an engage/disengage of the transmission's clutch pack and places torque on the rear wheels.
The market for power on brake has witnessed significant growth over recent years owing to its increasing application in electric vehicles (EV).
Power off Brake:
The power off brake is a feature that disables the vehicle's power steering and brakes when placed in a parking position. It also prevents the vehicle from moving forward until the button is pressed again. This system was primarily designed for people with physical disabilities who cannot move their own vehicles, but it can also be used by drivers who prefer to manually control their vehicles' movement.
Application Insights:
The material handling application segment accounted for the largest market share in 2017 and is projected to witness significant growth over the forecast period. The segment is driven by increasing demand for electromechanical brakes in warehouses, distribution centers, marine terminals and other material handling facilities.
Electromechanical brake provides safe & smooth operation with low maintenance cost as compared to hydraulic based systems. Furthermore, they are easy to install & operate as they do not require additional PLC controlling system which reduces installation cost significantly. These benefits are expected to drive their demand in various industries including food processing, pharmaceuticals and packaging over the coming years.
Elevator is another important application that accounted for a significant market share of around 15% in 2017 owing to growing construction activities across major cities globally such as New York City.
Regional Analysis:
Europe accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region is characterized by stringent government regulations regarding energy consumption coupled with growing demand for energy-efficient products. Europe has also been a hub of technological advancements, which has led to increased adoption of EMS brakes across various industries including material handling, packaging, and elevator.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing manufacturing activities in emerging economies such as China and India. In addition, rising investments in metro rail infrastructure are projected to drive product demand across Asia Pacific during the same period.
Growth Factors:
- Increasing demand for electromechanical brakes in automotive industry
- Growing popularity of electric and hybrid vehicles
- Rising awareness about the benefits of electromechanical brakes over traditional brake systems
- Technological advancements in electromechanical brake systems
- Stringent government regulations on vehicular emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Electromechanical Brakes Market Research Report
By Type
Power on Brake, Power off Brake
By Application
Material Handling, Packaging Industry, Elevator, Medical, Other
By Companies
Ogura Industrial, Altra Industrial Motion, Kendrion, KEB Automation, Mayr, Precima Magnettechnik, Miki Pulley, Dunkermotoren, OSAKI, Ortlinghaus Group, Ogura Industrial, Re SpA, Magnetic Technologies, EIDE, SUCO, Emco Dynatorq, YAN Industries
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Electromechanical Brakes Market Report Segments:
The global Electromechanical Brakes market is segmented on the basis of:
Types
Power on Brake, Power off Brake
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
Material Handling, Packaging Industry, Elevator, Medical, Other
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:
- Ogura Industrial
- Altra Industrial Motion
- Kendrion
- KEB Automation
- Mayr
- Precima Magnettechnik
- Miki Pulley
- Dunkermotoren
- OSAKI
- Ortlinghaus Group
- Ogura Industrial
- Re SpA
- Magnetic Technologies
- EIDE
- SUCO
- Emco Dynatorq
- YAN Industries
Highlights of The Electromechanical Brakes 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:
- Power on Brake
- Power off Brake
- By Application:
- Material Handling
- Packaging Industry
- Elevator
- Medical
- Other
- 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 Electromechanical Brakes 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Electromechanical brakes are a type of braking system that uses electricity to stop a vehicle. The brake pads are made from metal and have small, movable discs that touch the rotors when the car is stopped. Electricity is sent through wires to the discs, which causes them to stop spinning.
Some of the major players in the electromechanical brakes market are Ogura Industrial, Altra Industrial Motion, Kendrion, KEB Automation, Mayr, Precima Magnettechnik, Miki Pulley, Dunkermotoren, OSAKI, Ortlinghaus Group, Ogura Industrial, Re SpA, Magnetic Technologies, EIDE, SUCO, Emco Dynatorq, YAN Industries.
The electromechanical brakes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electromechanical Brakes 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 Electromechanical Brakes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electromechanical Brakes 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 Electromechanical Brakes 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 Electromechanical Brakes Market Size & Forecast, 2018-2028
4.5.1 Electromechanical Brakes Market Size and Y-o-Y Growth
4.5.2 Electromechanical Brakes Market Absolute $ Opportunity
Chapter 5 Global Electromechanical Brakes 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 Electromechanical Brakes Market Size Forecast by Type
5.2.1 Power on Brake
5.2.2 Power off Brake
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electromechanical Brakes 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 Electromechanical Brakes Market Size Forecast by Applications
6.2.1 Material Handling
6.2.2 Packaging Industry
6.2.3 Elevator
6.2.4 Medical
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electromechanical Brakes 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 Electromechanical Brakes 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 Electromechanical Brakes Analysis and Forecast
9.1 Introduction
9.2 North America Electromechanical Brakes 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 Electromechanical Brakes Market Size Forecast by Type
9.6.1 Power on Brake
9.6.2 Power off Brake
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 Electromechanical Brakes Market Size Forecast by Applications
9.10.1 Material Handling
9.10.2 Packaging Industry
9.10.3 Elevator
9.10.4 Medical
9.10.5 Other
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 Electromechanical Brakes Analysis and Forecast
10.1 Introduction
10.2 Europe Electromechanical Brakes 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 Electromechanical Brakes Market Size Forecast by Type
10.6.1 Power on Brake
10.6.2 Power off Brake
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 Electromechanical Brakes Market Size Forecast by Applications
10.10.1 Material Handling
10.10.2 Packaging Industry
10.10.3 Elevator
10.10.4 Medical
10.10.5 Other
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 Electromechanical Brakes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electromechanical Brakes 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 Electromechanical Brakes Market Size Forecast by Type
11.6.1 Power on Brake
11.6.2 Power off Brake
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 Electromechanical Brakes Market Size Forecast by Applications
11.10.1 Material Handling
11.10.2 Packaging Industry
11.10.3 Elevator
11.10.4 Medical
11.10.5 Other
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 Electromechanical Brakes Analysis and Forecast
12.1 Introduction
12.2 Latin America Electromechanical Brakes 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 Electromechanical Brakes Market Size Forecast by Type
12.6.1 Power on Brake
12.6.2 Power off Brake
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 Electromechanical Brakes Market Size Forecast by Applications
12.10.1 Material Handling
12.10.2 Packaging Industry
12.10.3 Elevator
12.10.4 Medical
12.10.5 Other
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) Electromechanical Brakes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electromechanical Brakes 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) Electromechanical Brakes Market Size Forecast by Type
13.6.1 Power on Brake
13.6.2 Power off Brake
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) Electromechanical Brakes Market Size Forecast by Applications
13.10.1 Material Handling
13.10.2 Packaging Industry
13.10.3 Elevator
13.10.4 Medical
13.10.5 Other
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 Electromechanical Brakes Market: Competitive Dashboard
14.2 Global Electromechanical Brakes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ogura Industrial
14.3.2 Altra Industrial Motion
14.3.3 Kendrion
14.3.4 KEB Automation
14.3.5 Mayr
14.3.6 Precima Magnettechnik
14.3.7 Miki Pulley
14.3.8 Dunkermotoren
14.3.9 OSAKI
14.3.10 Ortlinghaus Group
14.3.11 Ogura Industrial
14.3.12 Re SpA
14.3.13 Magnetic Technologies
14.3.14 EIDE
14.3.15 SUCO
14.3.16 Emco Dynatorq
14.3.17 YAN Industries
