DUBLIN--(BUSINESS WIRE)--The "Global Industrial Fractional Horsepower Clutches and Brakes Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global industrial fractional horsepower clutches and brakes market to grow at a CAGR of 0.88% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is software to enhance the design process. Many vendors of the global industrial clutches and brakes market are using designing software applications to improve the products. These software applications help in reducing the fabrication cost in prototyping as well as finding flaws in the design. Vendors are also using analytics software from vendors, such as Teamcenter PLC and NX CAD, to understand the performance of the products.
According to the report, one driver in the market is increase in demand for automated material handling in the industrial sector. Industrial players are increasingly emphasizing on post-manufacturing operations and exploring cost-cutting opportunities in material handling through lean management principles. There is an increased emphasis on speeding up the cash cycle while improving customer satisfaction. This has necessitated the adoption of automated material handling operations and is expected to impact various aspects of material handling, including loading. The major revenue for the industrial fractional horsepower clutches and brakes market comes mainly from applications such as material handling and packaging and textile equipment.
Further, the report states that one challenge in the market is regulations on industrial output. There are many regulatory bodies such as EPA (Environmental Protection Agency) that are imposing strict regulations on manufacturing facilities to control the pollution levels. Also, agreements such as Paris agreements are focused on reducing the increasing pollution and controlling the global warming due to the pollution from industrial facilities. In order to adhere to these regulations, it will be essential for vendors to modify their manufacturing facilities and install improved manufacturing equipment, which in turn, will increase the expenses for industrial players.
- Altra Industrial Motion
Other Prominent Vendors
- Bonfiglioli Riduttori
- Oriental motor
Key Topics Covered
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation by Application
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers and Challenges
Part 12: Market Trends
Part 13: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/38jsw3/global_industrial?w=4