Global Electromagnetic Brakes Market Growth 2023-2029

Global Electromagnetic 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 “Electromagnetic Brakes Industry Forecast” looks at past sales and reviews total world Electromagnetic Brakes sales in 2022, providing a comprehensive analysis by region and market sector of projected Electromagnetic Brakes sales for 2023 through 2029. With Electromagnetic Brakes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electromagnetic Brakes industry.
This Insight Report provides a comprehensive analysis of the global Electromagnetic 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 Electromagnetic Brakes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electromagnetic Brakes market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electromagnetic 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 Electromagnetic Brakes.
The global Electromagnetic Brakes market size is projected to grow from US$ 714.4 million in 2022 to US$ 885.4 million in 2029; it is expected to grow at a CAGR of 885.4 from 2023 to 2029.
The Electromagnetic Brakes is classified into the single face brake, power off brake, particle brake, hysteresis power brake and multiple disk brake according to the product type. As of 2019, Single Face Brake segment holds the largest market contributing about 45% share, reach to $ 339.68 million. Electromagnetic Brakes is major applied in material handling, packaging industry, elevator, medical and others industry, in 2019 demand for a material handling industry is the major consumption market, with 25.4% market share. The Electromagnetic Brakes market is relative concentrated market; key players include Ogura Industrial, Altra Industrial Motion, Kendrion, KEB Automation, Mayr, Precima Magnettechnik, Miki Pulley, Dunkermotoren, OSAKI, Ortlinghaus Group, Cantoni Motor, Re SpA, Magnetic Technologies, EIDE, SUCO, Emco Dynatorq, YAN Industries, etc; The revenue of top ten manufacturers accounts about 68.14% of the total revenue in 2019. The high-end products mainly come from Europe and North America.
This report presents a comprehensive overview, market shares, and growth opportunities of Electromagnetic Brakes market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Single Face Brake
Power off Brake
Particle Brake
Hysteresis Power Brake
Multiple Disk Brake
Segmentation by application
Material Handling
Packaging Industry
Elevator
Medical
Other
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.
Ogura Industrial
Altra Industrial Motion
Kendrion
KEB Automation
Mayr
Precima Magnettechnik
Miki Pulley
Dunkermotoren
OSAKI
Ortlinghaus Group
Cantoni Motor
Re SpA
Magnetic Technologies
EIDE
SUCO
Emco Dynatorq
YAN Industries

Key Questions Addressed in this Report
What is the 10-year outlook for the global Electromagnetic Brakes market?
What factors are driving Electromagnetic Brakes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electromagnetic Brakes market opportunities vary by end market size?
How does Electromagnetic 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.