Industrial Clutches And Brakes Market 2024-2028
The industrial clutches and brakes market is forecasted to grow by USD 268.5 mn during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the industrial clutches and brakes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for higher capacity conveyor drives, technology-driven improvement in friction system, and rising need for industrial automation.
Technavio's industrial clutches and brakes market is segmented as below:
By Product
- Mechanical friction clutches and brakes
- Electromagnetic clutches and brakes
- Over-running and heavy-duty clutches and brakes
- Others
By End-user
- Oil and gas industry
- Mining industry
- Power industry
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing need for miniaturization of clutches and brakes as one of the prime reasons driving the industrial clutches and brakes market growth during the next few years. Also, growing requirement for customized clutches and brakes and advances in technology will lead to sizable demand in the market.
The report on the industrial clutches and brakes market covers the following areas:
- Industrial clutches and brakes market sizing
- Industrial clutches and brakes market forecast
- Industrial clutches and brakes market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial clutches and brakes market vendors that include Altra Industrial Motion Corp., Dayton Superior Products, Eaton Corp. Plc, EMBRAGATGES I DERIVATS S.A, GKN Automotive Ltd., Hilliard Corp., KEB Automation, Lenze SE, Magnetic Technologies Ltd., Magtrol Inc., Nexen Group Inc., Nidec Corp., Ogura Clutch Co. Ltd., REDEX Group, Regal Rexnord Corp., SEPAC Inc., Sjogren Industries Inc., The Rowland Co., Thomson Industries Inc., and Valcor Engineering Corp.. Also, the industrial clutches and brakes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.