Global Industrial Brakes Market Growth 2023-2029

Global Industrial Brakes Market Growth 2023-2029

An industrial brake is a device, that absorbs the kinetic energy of moving bodies and thus controls their motion, is used to stop a rotating inertia load or to hold a component in a specific position without motion.

LPI (LP Information)' newest research report, the “Industrial Brakes Industry Forecast” looks at past sales and reviews total world Industrial Brakes sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Brakes sales for 2023 through 2029. With Industrial Brakes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Brakes industry.

This Insight Report provides a comprehensive analysis of the global Industrial 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 Industrial Brakes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Brakes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial 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 Industrial Brakes.

The global Industrial Brakes market size is projected to grow from US$ 2189.3 million in 2022 to US$ 2910.1 million in 2029; it is expected to grow at a CAGR of 2910.1 from 2023 to 2029.

Global Industrial Brakes key players include Altra, Eaton, CBF, Huawu, etc. Global top four manufacturers hold a share over 15%.

Asia-Pacific is the largest market, with a share about 45%, followed by Europe, and North America, both have a share about 45 percent.

In terms of product, Drum Brakes is the largest segment, with a share over 60%. And in terms of application, the largest application is Material Handling, followed by Energy, Marine and Shipping, Mining, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Brakes market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Disc Brakes

Drum Brakes

Others

Segmentation by application

Material Handling

Mining

Lifts and Escalators

Energy

Marine and Shipping

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

Eaton

CBF

Akebono Brake

Huawu

Jingu Brake

Dellner Bubenzer

SANYO SHOJI

SIBRE

Jiaozuo Changjiang Brake

Antec

GEMCO

Jiaozuo Brake

Shanghai Borui

Wulong

Tolomatic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Brakes market?

What factors are driving Industrial Brakes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Brakes market opportunities vary by end market size?

How does Industrial 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.