According to the new market research report "Industrial Brakes - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Industrial Brakes market size is projected to grow from USD 2713 million in 2023 to USD 3821 million by 2030, at a CAGR of 4.58% during the forecast period.
Industrial brakes are devices used to stop or control the motion of machinery or equipment in industrial applications. They are crucial for ensuring safety, precision, and efficiency in various industries.
Market Drivers for Industrial Brakes:
Safety Regulations: Stringent safety regulations in industries such as manufacturing, construction, and transportation drive the demand for reliable braking systems to prevent accidents and injuries.
Automation and Robotics: The increasing adoption of automation and robotics in manufacturing and logistics requires precise and reliable braking solutions to ensure the safety and efficiency of automated systems.
Growth in Industrial Sector: The growth of industries such as mining, construction, and manufacturing drives the demand for heavy-duty braking systems to support the operation of equipment and machinery.
Technological Advancements: Advances in brake design, materials, and control systems improve the performance, reliability, and efficiency of industrial brakes, driving their adoption across various industries.
Maintenance and Replacement Demand: The need for regular maintenance and replacement of braking systems in industrial machinery and equipment creates a steady demand for industrial brake components and services.
Energy Efficiency: Energy-efficient braking systems, such as regenerative braking, are increasingly sought after in industries where energy conservation is a priority, such as material handling and transportation.
Globalization and Infrastructure Development: The globalization of supply chains and infrastructure development projects worldwide contribute to the demand for industrial brakes in sectors such as logistics, construction, and transportation.
- Global Industrial Brakes MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Industrial Brakes - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Industrial Brakes Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Industrial Brakes - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Industrial Brakes include Altra Motion, Carlisle Brake & Friction, Akebono Brake, Huawu, Jingu Brake, Dellner Bubenzer, SANYO SHOJI, SIBRE, Jiaozuo Changjiang Brake, Antec, etc. In 2023, the global top 10 players had a share approximately 30.0% in terms of revenue.
About The Authors
Wupan-Lead Author
E-mail：wupan@qyresearch.com
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