Global $1.1Bn Industrial Brakes Market, 2019-2024 - Emergence of Industrial Internet of Things (IIoT) Presents Opportunities - ResearchAndMarkets.com

DUBLIN--()--The "Industrial Brakes Market Research Report: By Type, Industry, Regional Insight - Global Industry Analysis and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

From $930.3 million in 2018, the industrial brakes market is expected to grow to $1,105.7 million by 2024, witnessing a 3% CAGR during the forecast period (2019-2024).

The market is witnessing growth due to the increasing mining activities in developing economies and expansion of the manufacturing and construction sectors.

The automation of the manufacturing process is the trend in the industrial brakes market. To achieve quality maximization and cost minimization, the demand for making the manufacturing automated is rising across the globe. Huge investments are flowing in so that by switching to automation, the manufacturing efficiency can be improved. Further, the overall improvement in the industrial sector would lead to a high demand for brakes and automation, particularly in Asia-Pacific and Africa. As per the World Investment Report 2018, the foreign direct investment was valued around $476 billion in 2017 in the APAC region.

The increase in mining activities in emerging economies is driving the industrial brakes market forward. The improving economic status of countries such as India and China is leading to the growing focus on developing better infrastructure, which is resulting in an increasing demand for commodities including copper, iron, and coal. Further, this increased demand is also resulting in a greater number of exploration activities in the region, thereby leading to the high demand for mining equipment, including industrial brakes.

The industrial brakes market is segmented by region, type, and industry. The industry segment of the market is classified into power generation, manufacturing, marine & shipping, construction, metal & mining, and others. Due to the use of industrial brakes in different manufacturing equipment, such as industrial robotics, automated packaging machines, conveyors, and assembly stations, the manufacturing industry held the largest market share of over 45% in 2018. Owing to the rising investment in automation, the manufacturing industry is expected to continue dominating the market during the forecast period.

Key Topics Covered

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Type

1.3.2 Market Segmentation by Industry

1.3.3 Market Segmentation by Geography

1.3.4 Analysis Period

1.3.5 Market Data Reporting Unit

1.3.5.1 Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Type

4.1.1.1 Mechanically applied brakes

4.1.1.2 Hydraulically applied brakes

4.1.1.3 Pneumatically applied brakes

4.1.1.4 Electrically applied brakes

4.1.1.5 Others

4.1.2 By Industry

4.1.2.1 Manufacturing

4.1.2.2 Metal & mining

4.1.2.3 Construction

4.1.2.4 Marine & shipping

4.1.2.5 Power generation

4.1.2.6 Others

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.1.1 Growing application of automation in manufacturing sector

4.3.2 Drivers

4.3.2.1 Increase in construction & manufacturing activities

4.3.2.2 Rapid growth of mining in growing economies

4.3.3 Restraints

4.3.3.1 Price volatility of raw materials used for production of industrial brakes

4.3.3.2 Impact analysis of restraints on market forecast

4.3.4 Opportunities

4.3.4.1 Emergence of Industrial Internet of Things (IIoT)

4.4 List of Component Suppliers

4.5 List of Major End-Users of Industrial Brakes in Different Industries

4.6 Global Wind Power Generation Outlook

4.7 Global Mining Sector Outlook in Various Country

4.8 Global Major Construction Sector Projects

Chapter 5. Global Market Size and Forecast

5.1 By Type

5.2 By Industry

5.3 By Region

Chapter 6. North America Market Size and Forecast

Chapter 7. Europe Market Size and Forecast

Chapter 8. Asia-Pacific Market Size and Forecast

Chapter 9. LATAM Market Size and Forecast

Chapter 10. MEA Market Size and Forecast

Chapter 11. Competitive Landscape

11.1 Market Share Analysis of Key Players

11.2 Competitive Benchmarking of Key Players

11.3 Strategic Developments of Key Players

11.3.1 Mergers and Acquisitions

11.3.2 Others

11.4 List of Other Market Players

Chapter 12. Company Profiles

12.1 Akebono Brake Industry Co. Ltd.

12.1.1 Business Overview

12.1.2 Product and Service Offerings

12.1.3 Key Financial Summary

12.2 Altra Industrial Motion Corp.

12.3 Eaton Corporation PLC

12.4 Aplicacion Nuevas Technologias Antec S.A.

12.5 Carlisle Brake & Friction (CBF)

12.6 Coremo Ocmea S.p.A

12.7 PINTSCH BUBENZER GmbH

12.8 RINGSPANN GmbH

12.9 SIBRE Siegerland Bremsen GmbH

12.10 Magnetek Inc.

12.11 HUAWU SOLUTIONS

12.12 Dellner Brakes AB

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900