Global Industrial Fractional Horsepower Clutches and Brakes Market 2017-2021

Overview of the global industrial fractional horsepower clutches and brakes market

According to Technavio’s market research analysts, the increasing demand for automated material handling in the industrial sector will be one of the major factors that will have a positive impact on the growth of the global industrial fractional horsepower clutches and brakes market during the forecast period. Our market research analysts predict that this market will register a revenue of close to USD 57 million by 2021. Applications such as material handling and packaging and textile equipment are the major revenue generators for the industrial fractional horsepower clutches and brakes market. The industrial fractional horsepower clutches and brakes are mainly used in conveyor systems to assist in backstopping functions of inline conveyor systems. In textile equipment, these clutches and brakes are also used for controlling the stitching cycle. Moreover, several investments in the textile, food and beverage, and logistics industries as they are looking at adopting automation solutions that helps in improving the process efficiency and lowering the operational cost. Such investments are creating an increased demand for industrial fractional horsepower clutches and brakes and have helped the market in gaining a higher revenue.

The introduction of software to improve the design processes is one of the key trends that will contribute to the market growth. Numerous vendors of this market are increasingly utilizing design software applications to enhance products. These software applications provide increased assistance in decreasing the fabrication cost in prototyping and finding errors in the design. Moreover, several vendors are also using analytics software from other vendors such as Teamcenter PLC and NX CAD, to get a better knowledge of the performance of different products. This has improved the product quality of the vendors and has considerably reduced their operational costs by distinguishing them from their competitors.

Competitive landscape and key vendors

The industrial fractional horsepower clutches and brakes market consists of key vendors holding the major share. One of the prominent vendors, ABB widely focuses on electrification products, discrete automation and motion, process automation, and power grids. They also offer fractional horsepower clutches and brakes with an increased focus on medical equipment, textile equipment, and material handling and packaging.

The leading vendors in the market are –

• ABB
• Altra Industrial Motion
• Dynaspede
• Nexen

The other prominent vendors in the market are Bonfiglioli Riduttori, Eaton, and Oriental Motor.

Segmentation by application and analysis of the industrial fractional horsepower clutches and brakes market

• Material handling and packaging equipment
• Textile equipment
• Medical equipment

During 2016, the material handling and packaging equipment segment accounted for the major shares of the industrial fractional horsepower clutches and brakes market. Factors such as the increasing usage of industrial fractional horsepower clutches and brakes in equipment, such as conveyor systems, food labeling systems, and food dispensing machines will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the industrial fractional horsepower clutches and brakes market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the industrial fractional horsepower clutches and brakes market throughout the forecast period. The increasing need to modernize and upgrade existing manufacturing facilities of the textile industry will drive the growth of the market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial fractional horsepower clutches and brakes market?
• What are the key market trends impacting the growth of the global industrial fractional horsepower clutches and brakes market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial fractional horsepower clutches and brakes market?
• What are the market opportunities and threats faced by the vendors in the global industrial fractional horsepower clutches and brakes market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial fractional horsepower clutches and brakes market?

Technavio also offers customization on reports based on specific client requirement.