Global Industrial Brakes and Clutches Industry Report 2023-2030: Wider Use Case across Numerous Application Domains - Cornerstone for Present & Future Growth

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Oct 18, 2023, 21:15 ET

DUBLIN, Oct. 18, 2023 /PRNewswire/ -- The "Industrial Brakes and Clutches - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Industrial Brakes and Clutches Market to Reach $1.9 Billion by 2030

The global market for Industrial Brakes and Clutches estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$1.9 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030.

Mechanical Friction, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$824.3 Million by the end of the analysis period. Growth in the Electromagnetic segment is estimated at 4.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $319 Million, While China is Forecast to Grow at 5.4% CAGR

The Industrial Brakes and Clutches market in the U.S. is estimated at US$319 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$405.9 Million by the year 2030 trailing a CAGR of 5.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Effect of the Pandemic on Industrial Brakes and Clutches Market
The Pandemic Unleashes Unique Challenges for Industrial Brakes & Clutch Manufacturers
Contingency Plans for Business Continuity
Industrial Brakes and Clutches - A Primer
Types of Industrial Brakes and Clutches
Brakes/Clutches Actuation Methods
Cooling of Brakes and Clutches
Health Hazards Associated with Handling and Repair of Brakes and Clutches
Regulations Governing Treatment and Disposal of Brake and Clutch Materials
End-Use Applications
Industrial Brakes and Clutches: An Introductory Prelude
Wider Use Case across Numerous Application Domains: Cornerstone for Present & Future Growth
Select Applications of Industrial Brakes & Clutches in Key Verticals
Interest in Industrial Automation Creates Opportunities
Emphasis on Performance & Safety of Industrial Systems Directs Progressive Trajectory
Global Market Prospects & Outlook
Developed Regions: Key Revenue Contributors
Developing Economies: Prime Growth Drivers
Asia-Pacific: The Fastest Growing Regional Market
Competitive Scenario
Vendors Emphasize Brand Name to Sustain Market Growth
One-Stop-Shop Concept Remains Important Strategy
Tailored Approach Towards Robust Distribution Network
After-Sales Support: A Scoring Point
Growing Competition from Asian Companies
Mounting Pricing Pressure
Consolidation Remains a Major Trait
Recent Market Activity
Industrial Brakes and Clutches - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

MARKET TRENDS & DRIVERS

Product Innovation Continues to Drive Growth in the Industrial Brakes & Clutches Market
Advancements & Innovations Remain the Primary Focus Area
End-Use Level Requirements Spur Changes in Brake and Clutch Design
Improvements in Permanent Holding Magnet Brakes Deliver Additional Capabilities
Novel Manufacturing Methods Aid Roll Out of Sophisticated Designs
A Note on Select Innovative Brake & Clutch Products
Global Market for Clutches and Brakes: Major Trends
Specifying the Right Brake and Clutch Designs Becomes Important in the Current Dynamic Scenario
Investments in Emerging Technologies Presents New Growth Opportunities
Electromagnetic Caliper Brakes Make Robust Gains
Technical Superiority Over Drum Brakes Widens Prospects for Disc Brakes
Demand for Drum-Style Brakes to Remain High
Rugged Brakes for Hazardous Environments Exhibit Growth
Parking Brakes for Locking Idle Machinery
Rising Emphasis on Industry 4.0 & Smart Factory Widens Prospects
A Glimpse of First, Second, Third & Fourth Industrial Revolutions
Soaring Demand for Food Processing Machinery Steers Market Momentum
Regulations Drive Adoption of Washdown Brakes
Oil Shear Technology for Brakes and Clutches Used in Food Processing Industry
Material Handling Equipment: A Key End-Use Vertical
Machinery-Intensive Textile Sector Extends Potential Opportunities
Machine Tools Sector Underpins Revenue Growth
Brakes & Clutches Assume Critical Importance in Mining Conveyors
Mining Operators Prioritize Hydraulic Brakes for Overland Conveyors
Servo Motors: A Niche End-Use Market for Industrial Brakes
Industrial Brakes & Clutches for Hassle-Free Web Tension Control
Small Diameter Brakes Gain Traction in Medical & Pharmaceutical Robots
Brakes and Clutches for Paper Processing Equipment
Integrated Packages: Order of the Day in Motor Market
Heavy-Duty Brakes for Dynamic Applications
Traditional Brakes Sustain Momentum
Replacement Demand Enhances Market Prospects
Backstopping Clutches with High Torque Capacity Come to the Fore
Uncertainty in Raw Materials Prices Remains a Major Challenge

FOCUS ON SELECT PLAYERS (Total 174 Featured)

Continental AG
Brembo SpA
Akebono Brake Industry Co., Ltd.
Altra Industrial Motion Corporation
Cross & Morse
EXEDY Corporation
DESCH Antriebstechnik GmbH & Co. KG
Dover Flexo Electronics, Inc.
Autoliv Japan Ltd.
Dynatect Manufacturing, Inc.
Andantex USA, Inc.
Baruffaldi SpA
Designatronics, Inc.
Chr. Mayr GmbH + Co. KG
Aisin Corporation

For more information about this report visit https://www.researchandmarkets.com/r/4z9icl

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