Industrial Clutches and Brakes Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025
- Published: Sep 2021
- Pages: 120
- SKU: IRTNTR44477
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The industrial clutches and brakes market size is expected to grow by USD 275.68 million and record a CAGR of 3.25% during 2021-2025.
This post-pandemic industrial clutches and brakes market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this industrial clutches and brakes market analysis report, key drivers such as increasing demand for higher capacity conveyor drives have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as growing manufacturing cost of neodymium magnets, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
What will the Industrial Clutches and Brakes Market Size be in 2021?
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Who are the Key Vendors in the Industrial Clutches and Brakes Market?
The industrial clutches and brakes market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:
- Altra Industrial Motion Corp.
- Eaton Corp. Plc
- Electroid Co.
- GKN Automotive Ltd.
- Hilliard Corp.
- Lenze SE
- Nexen Group Inc.
- Regal Beloit Corp.
- The Rowland Co.
- Thomson Industries Inc.
Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The industrial clutches and brakes market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
This industrial clutches and brakes market report further entails segmentation by product (mechanical friction clutches and brakes, electromagnetic clutches and brakes, over-running and heavy-duty clutches and brakes, and other clutches and brakes), end-user (oil and gas industry, mining industry, power industry, and other industries), and geography (North America, Europe, APAC, South America, and MEA). The available actionable insights on the segmentation, in this report, will enable a better understanding of the target audience and changing demand patterns.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The industrial clutches and brakes market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.
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The report offers an up-to-date analysis of the geographical composition of the market. North America will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.
37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for industrial clutches and brakes in the region. This report provides estimations of the contribution of all regions to the growth of the industrial clutches and brakes market size.
What are the Key Factors Covered in this Industrial Clutches and Brakes Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive industrial clutches and brakes market growth during the next five years
- Precise estimation of the industrial clutches and 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 clutches and 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 clutches and brakes market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increasing demand for higher capacity conveyor drives
- Increasing need for miniaturization of clutches and brakes
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