NEW YORK, USA, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Industrial Brakes Market By Type [Mechanically Applied Brakes, Electrically Applied Brakes, Pneumatically Applied Brakes, Hydraulically Applied Brakes, Spring Brakes, And Drum & Disc Brakes], By Application [Holding Brakes, Emergency Bakes, And Tension Brakes], By End-User [Marine & Shipping, Mining, Manufacturing, Construction, Entertainments, And Others], And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the global industrial brakes market size was valued at around USD 1398.64 million in 2022. The market is expected to grow at a CAGR of 4.53% and is anticipated to reach a value of USD 1982.64 million by 2030.”
Industrial Brakes Market Overview:
Industrial brakes are devices that utilize frictional force for controlling the motion of movable objects in industrial functioning. The structures make available brake solutions in cranes, marine & shipping machines, wind turbines, metals & mining machines, packaging machines, construction machinery, tube machines, and other machines. Industrial brakes can assist in improving the manufacturing capacities of a factory by delivering superior quality goods with minimal human intervention with the implementation of automation technologies.
Get a Free Sample PDF of this Research Report for more Insights - https://www.zionmarketresearch.com/sample/industrial-brakes-market
(A free sample of this report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historic and Forecast Growth, Porter's 5 Forces Analysis
- Zion Market Research Methodology
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 1398.64 Million |
| Market Forecast in 2030 | USD 1982.64 Million |
| Growth Rate | CAGR of 4.53% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | Eaton, Carlisle, AMETEK, Dellner, Altra Industrial Motion, and Magnetek Inc |
| Segments Covered | By Type, By Application, By End-User, and By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
Key Insights from Primary Research
- The global industrial brakes market is growing due to demand from construction, oil & gas, metal & mining, and manufacturing. Rising demand is seen in developing countries like China, India, and South Africa.
- Automation's large investments suggest that it will lead to newer and more advanced technology, which will lead to ultramodern equipment and transform manufacturing. Global industrial brakes demand will grow as multiple industries advance.
- On the basis of region, the “Asia Pacific” will likely overtake the global market.
Directly Purchase a Copy of the Report | Quick Delivery Available - https://www.zionmarketresearch.com/prebook/su/industrial-brakes-market
Global Industrial Brakes Market: Growth Factors
The evolution of the global industrial brakes market is attributable to the expanding demand of brakes in several sectors such as construction, oil & gas, metal & mining, and manufacturing. This expanded demand can be majorly witnessed across the emerging economies such as China, India, and South Africa.
Economic development, rapid industrialization & urbanization, surging disposable incomes of the people, growing urban population, drastic changes in the needs of people, increased investments toward the manufacturing sector, favorable initiatives & policies undertaken by the governments, and increased need of machinery in various sectors such as agriculture, defense, material handling, & construction are some of the key factors positively affecting the expansion of the global industrial brakes market.
Moreover, to be able to meet the surging requirements for minerals, the developing countries have experienced a notable growth in the investments toward exploration of minerals in the recent times. These economies are implementing numerous methods such as adoption of Internet of Things (IoT) and automation to bring down the production costs, labor expenses, and time required for mining projects. As a result, these investments will prove to improve the prospects of the global market for industrial brakes during the near future.
Industrial Brakes Market: Segmentation
The global industrial brakes market has been segregated based on type, application, end-user, and region.
By type, the market is bifurcated into mechanically applied brakes, electrically applied brakes, pneumatically applied brakes, hydraulically applied brakes, spring brakes, and drum & disc brakes. Based on application, the global industrial brakes market is segmented as holding brakes, emergency brakes, and tension brakes. On the basis of end-use, the market is classified into marine & shipping, mining, manufacturing, construction, entertainments, and others.
Browse the full “Industrial Brakes Market By Type [Mechanically Applied Brakes, Electrically Applied Brakes, Pneumatically Applied Brakes, Hydraulically Applied Brakes, Spring Brakes, And Drum & Disc Brakes], By Application [Holding Brakes, Emergency Bakes, And Tension Brakes], By End-User [Marine & Shipping, Mining, Manufacturing, Construction, Entertainments, And Others], And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/industrial-brakes-market
Regional Analysis:
Asia Pacific is projected to grow drastically in the forecast times. The expansion of the global industrial brakes market share is certain owing to the rapid industrialization, increased adoption of state-of-the-art technologies, and increased manufacturing activities supported by lower production costs across the region.
In the recent past, investments in the production segment were surging for implementing newer technologies such as automation for improving affordability, enhancing the quality of end products, and increased safety.
Competitive Players:
The report contains qualitative and quantitative research on the global Industrial Brakes market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Industrial Brakes market include;
- Eaton
- Carlisle
- AMETEK
- Dellner
- Altra Industrial Motion
- Magnetek Inc
Request For Customization on This Report as Per Your Requirements - https://www.zionmarketresearch.com/custom/5558
(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)
The global Industrial Brakes market is segmented as follows:
By Type
- Mechanically Applied Brakes
- Electrically Applied Brakes
- Pneumatically Applied Brakes
- Hydraulically Applied Brakes
- Spring Brakes
- Drum & Disc Brakes
By Application
- Holding Brakes
- Emergency Brakes
- Tension Brakes
By End-User
- Marine & Shipping
- Mining
- Manufacturing
- Construction
- Entertainments
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Request Free Brochure of the Global Industrial Brakes Market @ https://www.zionmarketresearch.com/requestbrochure/industrial-brakes-market
Key questions answered in this report:
- What is the market size and growth rate forecast for Industrial Brakes industry?
- What are the main driving factors propelling the Industrial Brakes Market forward?
- What are the leading companies in the Industrial Brakes Industry?
- What segments does the Industrial Brakes Market cover?
- How can I receive a free copy of the Industrial Brakes Market sample report and company profiles?
Key Offerings:
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market
Browse Other Related Research Reports from Zion Market Research
- DMU And LOCO Market By Type (Diesel Multiple Unit (DMU) And LOCO), By End-User (Freight Trains And Passenger Trains), By Application (Mid-Distance Trips, Long-Distance Trips, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/dmu-and-loco-market
- Gear Hobbing Machine Market By Product (Horizontal Gear Hobbing Machines And Vertical Gear Hobbing Machines), By Application (Oil & Gas, Automotive, Defense & Military Equipment, Power Generation, Medical Device Manufacturing, Industrial Machine Manufacturing, Consumer Electronics & Appliances, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Emerging Trends, Demand, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/gear-hobbing-machine-market
- Ultrasonic Welding Systems Market By Type (Plastic Ultrasonic Welder And Metal Ultrasonic Welder), By Application (Automotive, Electronics & Battery, Medical, Packaging, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/ultrasonic-welding-systems-market
- Friction Stir Welding (FSW) Machine Market By Equipment Type (Mobile Friction Stir Welding Equipment, Fixed Friction Stir Welding Equipment, And Other Equipment Types), By Application (Automotive Industry, Aerospace Industry, Railway Industry, Shipbuilding Industry, And Others Applications), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030: https://www.zionmarketresearch.com/report/friction-stir-welding-fsw-machine-market
- API 610 Centrifugal Pumps Market By Type (Overhung, Between Bearings, And Vertically Suspended), By Application (Oil & Gas, Chemical, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Emerging Trends, Demand, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/api-610-centrifugal-pumps-market
- Truck Mounted Attenuator (TMA) Market By Type (TL2, TL3, And Others), By Application (Urban Road, Highway, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/truck-mounted-attenuator-tma-market
About Zion Market Research:
Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Rushikesh Dorge | Zion Market Research
USA: +1 3479038971 | +1 7187054574
USA/Canada Toll Free: 1 (855) 465-4651 | Newark: 1 (302) 444-0166
UK: +44 2032 894158
India: +91 7768 006 007 | +91 7768 006 008
Email: sales@zionmarketresearch.com | Web: https://www.zionmarketresearch.com/
Follow Us on - LinkedIn | Twitter | Facebook | Pinterest | YouTube
Also Read Our Blogs: https://zmrblog.com/
