Global Servo Power Brakes Market Growth 2024-2030

Global Servo Power Brakes Market Growth 2024-2030

Servo power brake is a multiple-shoe automobile brake in which the action of one part upon another as a result of the forward motion of the vehicle increases the pressure between the second shoe and the brake drum and so increases the brake's effectiveness.

The global Servo Power Brakes market size is projected to grow from US$ 4032.3 million in 2023 to US$ 10890 million in 2030; it is expected to grow at a CAGR of 15.2% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Servo Power Brakes Industry Forecast” looks at past sales and reviews total world Servo Power Brakes sales in 2023, providing a comprehensive analysis by region and market sector of projected Servo Power Brakes sales for 2024 through 2030. With Servo Power Brakes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Servo Power Brakes industry.

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

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

Servo motors and drives are used in machinery requiring precise position control. These are used in the automation of industrial processes. Servo motors and drives are used in the following fields: packaging machinery, automotive industry, food processing, healthcare industry, semiconductors and robotics. Servo motors are further subdivided by technology into brushless DC motors, brushed DC motors, AC motors, and linear servo motors. Similarly, servo drives are divided into DC servo drives, AC servo drives and adjustable speed drives. Servo motor applications are primarily used in closed loop systems, the control of which is commonly found in industrial and commercial applications. Moreover, the growth of mobile applications is driving the growth of the drives market. The widespread use of automated guided vehicles (AGVs) is a result of adoption in smart warehouses and factories. Drones, recreational vehicles, and telepresence robots are all exploring hospital corridors and skies. Almost all of them are battery operated and have limited space. Depending on their use, they may require high speed or high torque operation. Servo motors are increasingly used in harsh environments. In order to implement the concept of Industry 4.0, many industries around the world have chosen automation as an important trend. The market for these components is expected to expand significantly owing to the widespread use of servo motors and drives in robotics, medical facilities, and other fields.

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

Segmentation by type
Vacuum Servo Brakes
Pneumatic Servo Brakes
Hydraulic Servo Brakes

Segmentation by application
Automotive
Industrial
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.
Hitachi Astemo
KEB Automation KG
Bosch Group
Nexen Group
Matrix
Akebono Brake Industry
Mach III Clutch
Stearns
Mayr
Inertia Dynamics
Carlisle Brake & Friction
REACH Machinery

Key Questions Addressed in this Report

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

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

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

How do Servo Power Brakes market opportunities vary by end market size?

How does Servo Power Brakes break out type, application?

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