The industrial brakes market size has the potential to grow by USD 188.90 million during 2020-2025, and the market’s growth momentum will decelerate at a CAGR of 4.56%.
This report provides a detailed analysis of the market by end-user (oil and gas, construction, metals and mining, power, and others), geography (North America, Europe, APAC, South America, and MEA), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Akebono Brake Industry Co. Ltd.
- Altra Industrial Motion Corp.
- AMETEK Inc.
- Carlisle Companies Inc.
- Coremo Ocmea Spa
- Dellner Couplers AB
- Eaton Corporation Plc
- Hilliard Corp.
- Hindon LLC
- Johnson Industries Ltd.
The industrial brakes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as rising investments in renewable sources of energy to achieve growth opportunities. However, factors such as fluctuations in cost of raw materials will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the industrial brakes market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This industrial brakes market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Industrial Brakes Market: Key Drivers and Trends
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Industrial Brakes Market: Segmentation by Geography
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40% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for industrial brakes in North America. Market growth in this region will be slower than the growth of the market in APAC.
The increasing number of investments by end-users is one of the prime factors that will facilitate the industrial brakes market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Industrial Brakes Market: Segmentation by End-user
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Machines that are used in the oil and gas industry operate in harsh environments. Hence, industrial brakes are preferred in the oil and gas industry for applications that range from offshore drilling to the pumping of the oil. Therefore, the growth of the market segment is expected to be significant during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial brakes market size. Fetch actionable market insights on the post COVID impact on each segment.
Industrial Brakes Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive industrial brakes market growth during the next five years
- Precise estimation of the industrial brakes market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial brakes industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial brakes market vendors
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