Global Electro-magnetic Brakes Market Growth 2023-2029

Global Electro-magnetic Brakes Market Growth 2023-2029

Electromagnetic brake is a mechanical part that stops or decelerates moving parts in a machine. Commonly known as brakes. The brake is mainly composed of a brake frame, brake parts and a control device. Some brakes are also equipped with an automatic adjustment of the brake clearance. In order to reduce the braking torque and structure size, the brake is usually installed on the high-speed shaft of the equipment, but large equipment with high safety requirements (such as mine hoists, elevators, etc.) should be installed on the low-speed shaft near the working part of the equipment on.
LPI (LP Information)' newest research report, the “Electro-magnetic Brakes Industry Forecast” looks at past sales and reviews total world Electro-magnetic Brakes sales in 2022, providing a comprehensive analysis by region and market sector of projected Electro-magnetic Brakes sales for 2023 through 2029. With Electro-magnetic Brakes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electro-magnetic Brakes industry.
This Insight Report provides a comprehensive analysis of the global Electro-magnetic Brakes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electro-magnetic Brakes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electro-magnetic Brakes market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electro-magnetic Brakes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electro-magnetic Brakes.
The global Electro-magnetic Brakes market size is projected to grow from US$ 663.4 million in 2022 to US$ 831.4 million in 2029; it is expected to grow at a CAGR of 831.4 from 2023 to 2029.
Global core electro-magnetic brakes manufactures include Altra Industrial Motion, Ogura Industrial, REACH Machinery etc. The top 3 companies hold a share about 45%. Asia-Pacific is the largest market, with a share about 44%, followed by Europe and North America with the share about 28% and 22%. In terms of product, power off brake is the largest segment, with a share over 90%. And in terms of application, the largest application is machinery, followed by material handling and packaging.
This report presents a comprehensive overview, market shares, and growth opportunities of Electro-magnetic Brakes market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Power Off Brake
Power On Brake
Segmentation by application
Machinery
Material Handling
Packaging
Elevator
Medical
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Altra Industrial Motion
Kendrion
Mayr
Ogura Industrial
REACH Machinery
Precima Magnettechnik
Miki Pulley
Dunkermotoren (Ametek)
KEB Automation
Ortlinghaus Group
OSAKI
Cantoni Motor
Magnetic Technologies
Re SpA
EIDE
SUCO
Emco Dynatorq
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electro-magnetic Brakes market?
What factors are driving Electro-magnetic Brakes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electro-magnetic Brakes market opportunities vary by end market size?
How does Electro-magnetic Brakes break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.