Market Overview:
The global industrial brakes and clutches 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 industrial brakes and clutches from various end-use industries, such as mining & metallurgy, construction, power generation, industrial production, commercial logistics and material handling. In addition, the growing awareness about safety measures in factories is also propelling the demand for industrial brakes and clutches across the globe. Based on type, electric brake systems are expected to lead the global market during the forecast period due to their high efficiency and low maintenance requirements. Based on application, mining & metallurgy industry is projected to be one of fastest-growing segments in terms of revenue during 2018–2030 owing to increasing investments by governments all over world in metal extraction projects.
Product Definition:
Industrial Brakes and Clutches are mechanisms used to stop or slow down the rotation of a shaft. They are important because they allow machines to be safely stopped quickly.
Electric:
Electric brakes and clutches are used in industrial applications to reduce the speed of a machine or vehicle. They are mainly used for two purposes, namely controlling the movement of machines and reducing the momentum of moving parts. The growth factor in this market is increasing with time as they have become an essential part of industries that deal with high-speed machinery such as manufacturing, automotive, aerospace & defense among others.
Mechanical:
Mechanical is the branch of science concerned with the study and technology of machines. It includes a study of their internal working parts, structure, design, control & operation and applications. Mechanical engineering is applied science which deals with the integration of knowledge and tools to develop solutions for specific industrial requirements. The mechanical engineer's work involves analyzing problems concerning machinery functioning, failure analysis & repair procedures as well as designing new machine components in compliance with industry standards.
The global mechanical.
Application Insights:
The application segment is segregated into mining and metallurgy industry, construction industry, power generation industry, industrial production, commercial and logistics and material handling. The construction segment accounted for the largest market share in 2017 owing to the rising demand from developing countries such as India, China and Brazil.
In terms of revenue mining machinery was the largest application segment with a share of over 30% in 2017. This growth can be attributed to increasing demand for steel from various industries including automotive which requires huge amount of iron ore along with other minerals such as copper ore during its production process. These aforementioned factors are expected to drive product demand over the forecast period thereby contributing towards overall growth across all applications globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia, Malaysia and Vietnam. These countries are witnessing strong economic growth owing to rapid industrialization and urbanization. Growing population has led to increased demand for consumer goods as well as industrial equipment/machinery such as elevators; escalators; air conditioning units; refrigeration & freezing machines; washing machines etc., which will further boost product demand in Asia Pacific region over the forecast period.
The Latin American market also held a significant share of global revenue in 2017 due to increasing investments from major multinational companies based outside of Latin America that are looking at expanding their business operations within this region by opening new facilities or manufacturing plants (e-commerce plants). This trend is anticipated would have a positive impact on industry growth over the next eight years.
Growth Factors:
- Increasing demand from the automotive industry: The industrial brakes and clutches market is expected to benefit from the increasing demand for automobiles. This is because these components are used in braking and clutching systems in automobiles.
- Growing investments in infrastructure: There has been a significant increase in investments made in infrastructure projects across the world, which is likely to drive the demand for industrial brakes and clutches products over the forecast period.
- Rising awareness about safety measures: With an increase in awareness about safety measures, there has been an increase in adoption of industrial brakes and clutches products by end-users across various industries. This is likely to propel market growth during the forecast period.
- Technological advancements: The industrial brakes and clutches market is witnessing rapid technological advancements, which is resulting in new product launches by key players operating therein. This will help boost market growth during the forecast period.. 5) Growing trend of automation: The trend of automation across various industries is drivingthe need for efficient braking systems, thereby propellingthegrowth ofindustrialbrakesandclutchesovertheforecastperiod
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Brakes and Clutches Market Research Report
By Type
Electric, Mechanical, Pneumatic & Hydraulic, Electromagnetic
By Application
Mining & Metallurgy Industry, Construction Industry, Power Generation Industry, Industrial Production, Commercial, Logistics and Material Handling Industry
By Companies
Altra, Andantex, Boston Gear, Dayton, Electroid, Formsprag Clutch, Hilliard, Inertia Dynamics, INTORQ, KEB Automation, Lenze, Magnetic Technologies, Magtrol, Marland Clutch, Merobel, Ogura Clutch, Placid Industries, Redex Andantex, Regal Power Transmission Solutions, Rexnord, Sjogren Industries, Stromag, Warner Electric
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Brakes and Clutches Market Report Segments:
The global Industrial Brakes and Clutches market is segmented on the basis of:
Types
Electric, Mechanical, Pneumatic & Hydraulic, Electromagnetic
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
Mining & Metallurgy Industry, Construction Industry, Power Generation Industry, Industrial Production, Commercial, Logistics and Material Handling Industry
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
- Andantex
- Boston Gear
- Dayton
- Electroid
- Formsprag Clutch
- Hilliard
- Inertia Dynamics
- INTORQ
- KEB Automation
- Lenze
- Magnetic Technologies
- Magtrol
- Marland Clutch
- Merobel
- Ogura Clutch
- Placid Industries
- Redex Andantex
- Regal Power Transmission Solutions
- Rexnord
- Sjogren Industries
- Stromag
- Warner Electric
Highlights of The Industrial Brakes and Clutches 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:
- Electric
- Mechanical
- Pneumatic & Hydraulic
- Electromagnetic
- By Application:
- Mining & Metallurgy Industry
- Construction Industry
- Power Generation Industry
- Industrial Production
- Commercial
- Logistics and Material Handling Industry
- 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 Industrial Brakes and Clutches 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.
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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?
Industrial brakes and clutches are devices used to stop or slow a moving object. Industrial brakes are typically used on vehicles, machines, and other large objects. Clutches help to engage the industrial brake when needed.
Some of the major companies in the industrial brakes and clutches market are Altra, Andantex, Boston Gear, Dayton, Electroid, Formsprag Clutch, Hilliard, Inertia Dynamics, INTORQ, KEB Automation, Lenze, Magnetic Technologies, Magtrol, Marland Clutch, Merobel, Ogura Clutch, Placid Industries, Redex Andantex, Regal Power Transmission Solutions, Rexnord, Sjogren Industries, Stromag, Warner Electric.
The industrial brakes and clutches market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Brakes and Clutches Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Brakes and Clutches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Brakes and Clutches Market - Supply Chain
4.5. Global Industrial Brakes and Clutches Market Forecast
4.5.1. Industrial Brakes and Clutches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Brakes and Clutches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Brakes and Clutches Market Absolute $ Opportunity
5. Global Industrial Brakes and Clutches Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Brakes and Clutches Market Size and Volume Forecast by Type
5.3.1. Electric
5.3.2. Mechanical
5.3.3. Pneumatic & Hydraulic
5.3.4. Electromagnetic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Brakes and Clutches Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Brakes and Clutches Market Size and Volume Forecast by Application
6.3.1. Mining & Metallurgy Industry
6.3.2. Construction Industry
6.3.3. Power Generation Industry
6.3.4. Industrial Production
6.3.5. Commercial
6.3.6. Logistics and Material Handling Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Brakes and Clutches Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Brakes and Clutches Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Brakes and Clutches Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Brakes and Clutches Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Brakes and Clutches Demand Share Forecast, 2019-2026
9. North America Industrial Brakes and Clutches Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Brakes and Clutches Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Brakes and Clutches Market Size and Volume Forecast by Application
9.4.1. Mining & Metallurgy Industry
9.4.2. Construction Industry
9.4.3. Power Generation Industry
9.4.4. Industrial Production
9.4.5. Commercial
9.4.6. Logistics and Material Handling Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Brakes and Clutches Market Size and Volume Forecast by Type
9.7.1. Electric
9.7.2. Mechanical
9.7.3. Pneumatic & Hydraulic
9.7.4. Electromagnetic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Brakes and Clutches Demand Share Forecast, 2019-2026
10. Latin America Industrial Brakes and Clutches Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Brakes and Clutches Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Brakes and Clutches Market Size and Volume Forecast by Application
10.4.1. Mining & Metallurgy Industry
10.4.2. Construction Industry
10.4.3. Power Generation Industry
10.4.4. Industrial Production
10.4.5. Commercial
10.4.6. Logistics and Material Handling Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Brakes and Clutches Market Size and Volume Forecast by Type
10.7.1. Electric
10.7.2. Mechanical
10.7.3. Pneumatic & Hydraulic
10.7.4. Electromagnetic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Brakes and Clutches Demand Share Forecast, 2019-2026
11. Europe Industrial Brakes and Clutches Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Brakes and Clutches Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Brakes and Clutches Market Size and Volume Forecast by Application
11.4.1. Mining & Metallurgy Industry
11.4.2. Construction Industry
11.4.3. Power Generation Industry
11.4.4. Industrial Production
11.4.5. Commercial
11.4.6. Logistics and Material Handling Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe IndustrialBrakes and Clutches Market Size and Volume Forecast by Type
11.7.1. Electric
11.7.2. Mechanical
11.7.3. Pneumatic & Hydraulic
11.7.4. Electromagnetic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Brakes and Clutches Demand Share, 2019-2026
12. Asia Pacific Industrial Brakes and Clutches Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Brakes and Clutches Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Brakes and Clutches Market Size and Volume Forecast by Application
12.4.1. Mining & Metallurgy Industry
12.4.2. Construction Industry
12.4.3. Power Generation Industry
12.4.4. Industrial Production
12.4.5. Commercial
12.4.6. Logistics and Material Handling Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Brakes and Clutches Market Size and Volume Forecast by Type
12.7.1. Electric
12.7.2. Mechanical
12.7.3. Pneumatic & Hydraulic
12.7.4. Electromagnetic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Brakes and Clutches Demand Share, 2019-2026
13. Middle East & Africa Industrial Brakes and Clutches Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Brakes and Clutches Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Brakes and Clutches Market Size and Volume Forecast by Application
13.4.1. Mining & Metallurgy Industry
13.4.2. Construction Industry
13.4.3. Power Generation Industry
13.4.4. Industrial Production
13.4.5. Commercial
13.4.6. Logistics and Material Handling Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Brakes and Clutches Market Size and Volume Forecast by Type
13.7.1. Electric
13.7.2. Mechanical
13.7.3. Pneumatic & Hydraulic
13.7.4. Electromagnetic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Brakes and Clutches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Brakes and Clutches Market: Market Share Analysis
14.2. Industrial Brakes and Clutches Distributors and Customers
14.3. Industrial Brakes and Clutches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Altra
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Andantex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boston Gear
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dayton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Electroid
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Formsprag Clutch
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hilliard
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Inertia Dynamics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. INTORQ
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KEB Automation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lenze
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Magnetic Technologies
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Magtrol
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Marland Clutch
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Merobel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ogura Clutch
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Placid Industries
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Redex Andantex
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Regal Power Transmission Solutions
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Rexnord
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
