Home > Industrial Machinery > Industrial Equipment > Industrial Gearbox > Industrial Brakes Market

Industrial Brakes Market Trends

Report ID: GMI8103
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

Industrial Brakes Market Trends

Safety remains a paramount concern in industrial operations. Regulatory standards and guidelines regarding workplace safety drive the demand for advanced braking systems that adhere to stringent safety norms. Manufacturers are innovating to develop brakes with enhanced safety features and reliability is playing a significant role in driving market expansion. Thus, the trend towards electrification in various industrial applications, including automotive, aerospace, and renewable energy, is influencing the design and adoption of electric brakes.

The expansion of industries such as manufacturing, construction, mining, and transportation contributes to the demand for industrial brakes. As these industries grow and modernize, there's a greater need for advanced braking systems that can handle heavier loads, higher speeds, and more demanding operating conditions.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of industrial brakes was worth more than USD 1.2 billion in 2023 and is set to expand at over 4.4% CAGR between 2024 and 2032, attributed to the ongoing shift towards automation and the integration of IIoT technologies.

Electrical industrial brakes market accounted for over USD 404 million in 2023 and is anticipated to witness high demand through 2032, as they provide precise control over braking force and speed regulation, allowing for accurate and consistent stopping of machinery or equipment.

Asia Pacific market for industrial brakes generated USD 401 million in 2023 and is slated to depict robust growth through 2032, owing to the increasing interest in industrial brakes with the rising electrification and urbanization in the region.

The leading firms engaged in the industrial brakes market are Akebono Brake Industry Co. Ltd, Altra Motion, Antec Group, Carlisle Brake & Friction, Comer Industries Spa (Walterscheid Powertrain Group), Coremo Ocmea S.P.A., AMETEK Inc., Hiliard Corporation, Kor-Pak Corporation, Tolomatic Inc., Eaton, Intsch Bubenzer Gmbh, and SIBRE - Siegerland Bremsen Gmbh.