Key Highlights

• The market size of the worldwide Industrial Brakes Industry surpassed USD XX Billion in 2023, and by 2034, it is projected to reach USD XX billion, boosting at a CAGR of XX%.

• Industrial brakes are devices designed to stop or slow down the movement of machines. They rely on friction to keep rotating or moving parts in place and to transfer kinetic energy to stop motion. Equipped with automatic adjustment device to adjust the difference between brakes. Today, manufacturers are working to reduce the need for maintenance to improve the performance and wear life of commercial brakes and reduce product losses due to wear and tear. This situation causes the business to stop working due to intensive and remote working. Currently commercial brakes are widely used in the world's mining and marine industries. Increasing interest in infrastructure has led to the development of infrastructure around the world. This is one of the important points that affects the business. Additionally, Industry 4.0 has increased production by providing real-time information about the entire production process. It includes technologies such as the Internet of Things (IoT), cloud computing and analytics, artificial intelligence (AI) and machine learning (ML). This, combined with increasing automation across different business sectors, offers entrepreneurs huge growth opportunities. Additionally, industrial robots are increasingly used in assembly, pick-and-place, and packaging tasks. However, one of the biggest risks with robots is that the robot is uncontrolled or cannot be controlled. Therefore, these robots use commercial brakes to provide emergency braking. This, along with the boom in the oil and gas industry, is driving the market.

• In March 2023, Brakes India has launched new brakes named EVsZAP. The product is enhanced with soundless braking and which are suitable for electrical vehicles. The launch is expected to drive the market in India in the foreseen period.

• Construction and manufacturing increased due to government spending on infrastructure projects and increased demand in the economy and region. The growth of the construction industry has created the need for equipment used in construction such as excavators, backhoes, graders, bulldozers and ditch digging machines. Equipment has different performance requirements to handle more weight. Brakes are used to allow construction equipment to lift larger objects. In addition, the growth of production and the increase in demand for goods also lead to the development of market stagnation. Additionally, the use of robots in different sectors is increasing. For example, marketing robots are used to develop applications that enable the selection and placement of jobs. The main risk of using large robots in different industries is inaction, which must be done immediately to stop the robots. Braking for robots provides dynamic braking in emergency situations. In addition, the increasing use of robots to increase efficiency in different industries and factories increases the demand for the brake industry. However, commercial brakes are made from various materials such as Kevlar, fiberglass, fibre, steel and ceramics to ensure high performance in regular use. Therefore, producing with these materials leads to higher costs. This situation has led the industry to use servo motors as an alternative due to their lower cost and similar functions. Additionally, many countries are implementing occupational safety standards, such as Europe's minimum safety standards. This includes safety and the prevention of injury and harm to people when using the equipment. Therefore, this situation also affects the use of some machines and limits the production of products.

Scope of the Industry Profile

Segmentation

By Type

• Disc

• Drum

By Actuation

• Mechanical

• Hydraulic

• Pneumatic

• Electric

• Spring

By End-user

• Manufacturing

• Mining

• Construction

• Power and Energy

• Others

Market Trends

• Construction and manufacturing also increased as the government spent money on infrastructure projects and jobs and demand in the region increased. The growth of the construction industry has created demand for construction equipment such as excavators, diggers, graders, bulldozers and trenchers. The device has a different performance in controlling weight. Stops are used to allow equipment to transport large items. In addition, the growth of production and the increase in demand for products also contributed to the stability of the economy. Additionally, the use of robots in many areas is increasing. For example, marketing bots are used to create applications that can select and schedule tasks. The main risk of using large robots in different industries is failure and immediate action must be taken to stop the robots. Robotic braking provides dynamic braking in emergency situations. Additionally, different industries and factories are increasingly using robots to increase efficiency, causing the demand for the sector to stagnate. However, commercial brakes are made of various materials such as Kevlar, fiberglass, fibre, steel and ceramics to provide high performance in daily use. Therefore, producing using these materials leads to higher costs. This situation has led the industry to use servo motors as an alternative because they are lower in cost and have similar functions. Many countries also implement safety standards in the workplace, such as the European Minimum Safety Standards. This includes safety when using the equipment and preventing people from being injured. Therefore, this situation also affects the use of some machines and limits the production of products.

Market Opportunity

• The use of robots is increasing in different sectors. For example, marketing robots are used to develop applications that enable the selection and placement of jobs. The main risk of using large robots in different industries is inaction, which must be done immediately to stop the robots. Brakes for robots help provide dynamic braking in emergency situations, and the increasing use of robots in different industries and manufacturers is increasing the demand for commercial brakes. Additionally, the construction and manufacturing industry has grown due to increased government spending on projects and interest in construction and operation. Construction has led to greater interest in equipment such as backhoes, diggers, graders, tractors, excavators and many other machines used in construction. These machines have different surfaces required to make them heavier. Brakes play a role in assisting machines with heavier loads, and the increase in production and demand for equipment is driving the growth of the brake market.

Key Players

• Akebono Brake Industry Co. Ltd (Japan)

• Altra Motion (U.S)

• Antec Group (U.S)

• Carlisle Brake & Friction (U.S)

• Comer Industries Spa (Walterscheid Powertrain Group) (Austria)

• Coremo Ocmea S.P.A. (Italy)

• AMETEK Inc., (U.S)

• Hiliard Corporation (U.S)

• Kor-Pak Corporation (U.S)

• Tolomatic Inc. (U.S)

Recent Development

• In March 2023, Brakes India has launched new brakes named EVsZAP. The product is enhanced with soundless braking and which are suitable for electrical vehicles. The launch is expected to drive the market in India in the foreseen period.

• In March 2021: DELLNER BUBENZER launches and unites Dellner Brakes. The launch has brought significant marketing to the company in the foreseen period.

Segment Insights

By Actuation

The Actuation segment is segmented into Mechanical, Hydraulic, Pneumatic, Electric, and Spring. The Mechanical Industrial Brakes brand has seen significant growth for several reasons Mechanical brakes use force (usually friction) to slow or stop the motion of a machine or object. The force applied to a rotating or outward object, such as an axle, axle, or wheel. Mechanical brakes are most often used in vehicle-related equipment, manufacturing and other electrical transmission applications. Mechanical brakes are often used in conjunction with mechanical clutches for engaging and disengaging shafts. To slow down, friction-based braking uses a rough, hard material (brake pad) pressed tightly or pressed against the moving object. Frictional collisions produce a lot of heat and noise, reducing the space in the areas.

By End-user

The End-user segment is segmented into Manufacturing, Mining, Construction, Power and Energy, and Others.  The development of electronic and controlled vehicles is gradually increasing, as driving has some advantages such as reducing speed before an accident, ensuring pedestrian safety, reducing traffic and emergency management. The brakes used in the vehicle are equipped with different sensors such as ultrasonic, infrared, radar and lidar to monitor objects and people near the vehicle. It helps provide immediate action to reduce speed, thus providing better security to users. For this reason, manufacturers decided to use sensor brakes, which are expected to offer new business opportunities to the brake industry.

Regional Insights

Asia Pacific leads the market, accounting for more than 29.95% of global revenue in 2023. This leadership position is driven by interest in curbing the economy as the region continues to become more electrified and urbanized. With the impact of rapid urban and industrial growth, the region will have a significant share in the global economy. With the pace of urbanization, more and more people are migrating to the city, improving living conditions and providing good results for business expansion. Increasing disposable income drives the regional economy. The Asia Pacific market is expected to grow at a high growth rate during the forecast period as companies shift their manufacturing facilities to the region. Initiatives and investments to increase production in the region are expected to strengthen the market stagnation in Asia Pacific. Increasing industrialization in the Asia-Pacific region is expected to increase the demand for commercial brakes in various sectors. As the Asia-Pacific region is the main production center, commercial brakes are mainly used in manufacturing, construction, mining and electrical-electronic industries, and it is thought that the region will gain importance in international trade.

hat to Expect from Industry Profile

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Industrial Brakes market in the world.

2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Industrial Brakes market.

3. Leading company profiles reveal details of key Industrial Brakes market players’ global operations, strategies, financial performance & their recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Industrial Brakes market with forecast for decade by both market share (%) & revenue (USD Million).