Market Overview:
The global permanent magnet brake 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 servo motors, robotics, medical equipment, and other applications that require efficient braking systems. In addition, the growing awareness about safety and security is also propelling the demand for permanent magnet brakes across different industries. Based on type, the global permanent magnet brake market can be segmented into toothed brake and power off brake. The power off brake segment is expected to account for a larger share of the market during the forecast period owing to its high efficiency and low maintenance requirements. Based on application, the global permanent magnet brake market can be divided into servo motors, robotics, medical equipment CNC machines packaging machines , and other applications .
Product Definition:
A permanent magnet brake is a device that uses permanent magnets to create a braking force. This braking force is used to stop or slow down a moving object. The importance of a permanent magnet brake lies in its ability to provide consistent, reliable braking power without the need for an external power source.
Toothed Brake:
Toothed brakes are also known as torque converters or torque convertors. They do not use friction to slow down the vehicle but rather by applying rotational force they reduce the speed of the vehicle. The main function of a toothed brake is to limit or control the rotation speed of a driven element, in this case it's wheel and gear set.
The market for toothed brakes has been growing at a steady pace over recent years.
Power Off Brake:
The power off brake is a feature that disables the vehicle's power assist to reduce braking effort when the driver lightly presses the brakes. The system works by switching off all electric current to the motor, which reduces friction and therefore aids in faster deceleration.
This technology has been around for decades and can be found on most vehicles manufactured before 2000.
Application Insights:
The robotics segment dominated the global permanent magnet brake market in terms of revenue share in 2017. Robotics is one of the key emerging applications that is expected to witness significant demand for PMB over the forecast period. Servo motors are used for various purposes, such as positioning, movement control and actuation, which require high precision and speed. The use of PMB helps improve both performance and efficiency across a wide range of operating conditions thus providing an edge over conventional products.
Medical equipment application segment was valued at USD 194 million in 2017 owing to increasing adoption across medical devices such as magnetic resonance imaging (MRI), nuclear medicine imaging systems, therapeutic radiation machines, linear accelerators/imagers/labs.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for high performance and lightweight permanent magnet motors in countries such as China, Japan, South Korea, India and Taiwan. In addition, rising investments by governments of developing economies coupled with growing industrialization are anticipated to fuel product demand in Asia Pacific region.
The Europe permanent magnet brake market accounted for a share of more than 20% in 2017 owing to significant presence of automotive manufacturers including Volkswagen Group; BMW Group; Mercedes-Benz AG; Jaguar Land Rover Limited; Volvo Car Corporation among others. These companies are engaged in extensive R&D activities related to electric vehicles which require high performance braking systems using Permanent Magnet (PM) brakes as an alternative solution compared to conventional disc brakes used on wheelset rims.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Growing automotive industry in developing countries
- Rising awareness about the benefits of PMB brakes over traditional brakes
- Technological advancements in PMB brake systems
- Stringent government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Permanent Magnet Brake Market Research Report
By Type
Toothed Brake, Power Off Brake, Other
By Application
Servo Motors, Robotics, Medical Equipment, CNC Machines, Packaging Machines, Other
By Companies
Kendrion, KEB Automation, Altra Industrial Motion, Magtrol, Boeli, Huco, SG Transmission, Matrix
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Permanent Magnet Brake Market Report Segments:
The global Permanent Magnet Brake market is segmented on the basis of:
Types
Toothed Brake, Power Off Brake, Other
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
Servo Motors, Robotics, Medical Equipment, CNC Machines, Packaging Machines, 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:
- Kendrion
- KEB Automation
- Altra Industrial Motion
- Magtrol
- Boeli
- Huco
- SG Transmission
- Matrix
Highlights of The Permanent Magnet Brake 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:
- Toothed Brake
- Power Off Brake
- Other
- By Application:
- Servo Motors
- Robotics
- Medical Equipment
- CNC Machines
- Packaging Machines
- 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 Permanent Magnet Brake 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
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- 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?
Permanent magnet brake is a braking system that uses magnets to stop the vehicle. The magnets are attached to the wheel and when the vehicle comes into contact with them, they cause the wheel to stop rotating.
Some of the major players in the permanent magnet brake market are Kendrion, KEB Automation, Altra Industrial Motion, Magtrol, Boeli, Huco, SG Transmission, Matrix.
The permanent magnet brake 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 Permanent Magnet Brake 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 Permanent Magnet Brake Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Permanent Magnet Brake 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 Permanent Magnet Brake 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 Permanent Magnet Brake Market Size & Forecast, 2020-2028
4.5.1 Permanent Magnet Brake Market Size and Y-o-Y Growth
4.5.2 Permanent Magnet Brake Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Toothed Brake
5.2.2 Power Off Brake
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Servo Motors
6.2.2 Robotics
6.2.3 Medical Equipment
6.2.4 CNC Machines
6.2.5 Packaging Machines
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Permanent Magnet Brake 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 Permanent Magnet Brake 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Toothed Brake
9.6.2 Power Off Brake
9.6.3 Other
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 Market Size Forecast by Applications
9.10.1 Servo Motors
9.10.2 Robotics
9.10.3 Medical Equipment
9.10.4 CNC Machines
9.10.5 Packaging Machines
9.10.6 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Toothed Brake
10.6.2 Power Off Brake
10.6.3 Other
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 Market Size Forecast by Applications
10.10.1 Servo Motors
10.10.2 Robotics
10.10.3 Medical Equipment
10.10.4 CNC Machines
10.10.5 Packaging Machines
10.10.6 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Toothed Brake
11.6.2 Power Off Brake
11.6.3 Other
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 Market Size Forecast by Applications
11.10.1 Servo Motors
11.10.2 Robotics
11.10.3 Medical Equipment
11.10.4 CNC Machines
11.10.5 Packaging Machines
11.10.6 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Toothed Brake
12.6.2 Power Off Brake
12.6.3 Other
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 Market Size Forecast by Applications
12.10.1 Servo Motors
12.10.2 Robotics
12.10.3 Medical Equipment
12.10.4 CNC Machines
12.10.5 Packaging Machines
12.10.6 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Toothed Brake
13.6.2 Power Off Brake
13.6.3 Other
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) Market Size Forecast by Applications
13.10.1 Servo Motors
13.10.2 Robotics
13.10.3 Medical Equipment
13.10.4 CNC Machines
13.10.5 Packaging Machines
13.10.6 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 Permanent Magnet Brake Market: Competitive Dashboard
14.2 Global Permanent Magnet Brake Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kendrion
14.3.2 KEB Automation
14.3.3 Altra Industrial Motion
14.3.4 Magtrol
14.3.5 Boeli
14.3.6 Huco
14.3.7 SG Transmission
14.3.8 Matrix
