DUBLIN--(BUSINESS WIRE)--The "Industrial Brakes Market by Type, by Application, by Industry, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2016-2023" report has been added to ResearchAndMarkets.com's offering.
The global industrial brakes market is expected to witness a steady growth, owing to rise in the adoption of automation processes and subsequently increasing demand for industrial robotics. Globally, Asia-Pacific has been the largest market for these brakes.
On the basis of type, electrically applied brakes is estimated to be the largest category in the industrial brakes market, contributing more than 30% in 2017.
On the basis of application, the holding brakes category has been holding the largest share in the industrial brakes market, with a contribution of more than 55% in 2017.
On the basis of industry, the manufacturing industry was the largest category in the industrial brakes market, contributing more than 35% in 2017. This is attributed to the growth in the manufacturing sector, where the equipment are fitted with brake pads.
With the evolution of technology, braking systems can be integrated with Internet of Things (IoT). With the help of IoT, brakes can be automatically applied in case of an emergency. Also, industrial brakes can be fitted with proximity sensors and placed in industrial work stations. In order to provide worker safety, manufacturers are increasingly installing these automatic brakes in their equipment, creating growth opportunity for the industrial brakes market.
Market Dynamics
Drivers
- Increase in Construction & Manufacturing Activities
- Rising Adoption of Industrial Automation Processes
- Impact Analysis of Drivers on Market Forecast
Restraints
- Volatility of Prices of Raw Materials Used for Production of Industrial Brakes
- Impact Analysis of Restraints on Market Forecast
Trend
- Growing Application of Automation in Manufacturing Sector
Opportunity
- Emergence of Industrial Internet of Things (IIoT)
Key Topics Covered
1. Research Background
2. Research Methodology
3. Executive Summary
4. Introduction
5. Global Market Size and Forecast
6. North America Market Size and Forecast
7. Europe Market Size and Forecast
8. Asia-Pacific Market Size and Forecast
9. LAMEA Market Size and Forecast
10. Company Profiles
- Akebono Brake Industry Co. Ltd.
- Altra Industrial Motion Corp.
- Antec S.A.
- Carlisle Brake & Friction (CBF)
- Coremo Ocmea S.p.A
- GKN Walterscheid GmbH
- Pintsch Bubenzer GmbH
- Ringspann GmbH
- SIBRE - Siegerland Breman GmbH
- Eaton Corporation PLC
For more information about this report visit https://www.researchandmarkets.com/research/bqjsfn/industrial_brakes?w=4
