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Industrial Brakes Market Size-Analysis by Type (Mechanical Brakes, Hydraulic Brakes, Pneumatic Brakes, Electric Brakes), Application, Sales Channel and Component: Global & Regional Trends Supply Demand Forecast 2024-2034

  • PUBLISHED ON
  • 2024-02-15
  • NO OF PAGES
  • 258
  • CATEGORY
  • Machinery & Heavy Industry

Industrial Brakes Market Outlook

Industrial Brakes market size was valued at USD 941 million in 2023 and is estimated to reach a value of USD 1,530 million by 2035 with a CAGR of 4.2% during the forecast period 2024-2035.


The industrial brakes market forecast is influenced by several factors. Firstly, the growth trajectory of key end-user industries such as automotive, aerospace, and manufacturing drives demand for braking systems. Secondly, technological advancements leading to improved performance, safety features, and efficiency contribute to market growth. Thirdly, regulatory standards and compliance requirements play a significant role in shaping market dynamics. Additionally, economic conditions, including investment in infrastructure and industrial development projects, impact market demand. Moreover, emerging markets and evolving consumer preferences for specific brake types or technologies further influence market trends. Lastly, the competitive landscape, including pricing strategies and product innovation, also affects market forecasts.

Opportunities abound in the industrial brakes market. Firstly, the increasing demand for safety and reliability in machinery across diverse industries presents a significant opportunity for brake manufacturers. Secondly, the advent of advanced technologies such as regenerative braking systems and smart braking solutions opens doors for innovation and market expansion. Thirdly, the growing trend towards automation and electrification in industrial processes creates a need for specialized brake systems tailored to these applications. Moreover, the burgeoning aftermarket segment offers opportunities for service providers and component suppliers. Overall, the industrial brakes market is ripe with potential for growth and development.

Key Insights

Based on type, Industrial Brakes market share is dominated by hydraulic brakes with a key stake of 46.09% in 2023. Key trends in hydraulic brakes in the industrial brakes market include advancements in hydraulic system design, leading to improved efficiency and performance. Additionally, there's a growing demand for hydraulic brakes with integrated safety features, such as anti-lock braking systems (ABS) and traction control. Moreover, manufacturers are focusing on developing compact and lightweight hydraulic brake systems to meet space constraints in modern machinery and equipment. Furthermore, there's a trend towards the adoption of hydraulic brakes in emerging industries such as renewable energy and electric vehicles, driven by the need for reliable and responsive braking solutions.

Based on region, Industrial Brakes market is dominated by APAC region with a major share of 39.81% in 2023. Key trends in the APAC industrial brakes market include a shift towards eco-friendly braking solutions to meet sustainability goals. Additionally, there's a growing demand for technologically advanced braking systems with enhanced safety features. Moreover, manufacturers are focusing on customization to cater to diverse industry needs, particularly in automotive, aerospace, and manufacturing sectors. Furthermore, there's a trend towards increased automation and electrification in industrial processes, driving the adoption of specialized brake systems tailored to these applications. Overall, the APAC industrial brakes market is evolving to meet the region's changing industrial landscape.

Industrial Brakes Market Data and Dashboard


Our marketing platform comes with an all-inclusive dashboard, giving clients valuable insights into market trends spanning several years. You can take a look at a sample image of our dashboard below, and we'll provide specific PDF logins to give you access to this insightful tool.

Market Dynamics

Stringent safety standards and regulations mandate the use of reliable braking solutions, boosting market demand.

One of the primary drivers in the industrial brakes market is the imposition of stringent safety standards and regulations, mandating the use of reliable braking solutions across various industries. These regulations are designed to ensure the safety of workers, equipment, and the public, particularly in sectors such as automotive, aerospace, manufacturing, and construction, where heavy machinery and vehicles are prevalent.

As safety regulations become increasingly stringent, industries are compelled to invest in high-quality braking systems that meet regulatory requirements. This boosts market demand for reliable and effective braking solutions, including mechanical, hydraulic, pneumatic, and electric brakes, among others.

Moreover, the enforcement of safety standards not only enhances workplace safety but also minimizes the risk of accidents, injuries, and property damage. As a result, industries prioritize the installation of reliable braking systems to comply with regulations and mitigate liability risks.

Additionally, the emphasis on safety and regulatory compliance fosters innovation in the development of braking technologies, leading to the introduction of advanced braking systems with enhanced performance, durability, and safety features. Overall, stringent safety standards and regulations play a crucial role in driving market demand for reliable braking solutions and shaping the dynamics of the industrial brakes market.

Increasing focus on sustainability drives the adoption of eco-friendly braking solutions

An increasingly influential driver in the industrial brakes market is the growing focus on sustainability, prompting the adoption of eco-friendly braking solutions across various industries. As environmental concerns continue to escalate, there's a heightened emphasis on reducing carbon emissions, minimizing waste, and conserving natural resources.

In response, industries are actively seeking braking systems that align with sustainability objectives, such as reducing energy consumption, minimizing frictional losses, and using environmentally friendly materials in brake construction and manufacturing processes. This trend is particularly pronounced in sectors like automotive, where the transition to electric vehicles and hybrid technology necessitates the development of regenerative braking systems that harness energy from braking and convert it into usable electricity.

Moreover, businesses are increasingly aware of the reputational benefits of adopting sustainable practices, including the use of eco-friendly braking solutions, which can enhance their corporate image and appeal to environmentally conscious consumers and stakeholders.

Overall, the increasing focus on sustainability is driving the adoption of eco-friendly braking solutions, shaping the trajectory of the industrial brakes market towards more environmentally responsible practices. 

Market Analysis by Type

Based on type, Industrial Brakes market is segmented into Mechanical Brakes, Hydraulic Brakes, Pneumatic Brakes, Electric Brakes.

Hydraulic brakes dominated the industry with a value of USD 223 million in 2023 and is estimated to grow at a CAGR of 4.1% during the forecast period.


A key opportunity in the hydraulic brakes market lies in the development and adoption of advanced hydraulic braking systems with enhanced performance and safety features. With industries increasingly prioritizing safety and efficiency, there is a growing demand for hydraulic brakes that offer superior braking power, precision control, and reliability in diverse applications.

One significant opportunity is the integration of hydraulic brakes with emerging technologies such as electronic stability control (ESC), anti-lock braking systems (ABS), and autonomous driving systems. By incorporating these advanced features into hydraulic brake systems, manufacturers can meet the evolving needs of industries such as automotive, aerospace, and manufacturing, where safety and automation are paramount.

Moreover, there's an opportunity to capitalize on the growing trend towards electrification and hybridization in the automotive sector. Hydraulic brakes play a crucial role in hybrid and electric vehicles, where regenerative braking systems can capture energy during deceleration and recharge the vehicle's battery. By developing hydraulic brakes optimized for hybrid and electric vehicles, manufacturers can cater to this expanding market segment and contribute to the advancement of sustainable transportation solutions.

Overall, the key opportunity in the hydraulic brakes market lies in innovating and delivering hydraulic braking systems that offer superior performance, safety, and compatibility with emerging technologies and sustainable transportation trends. 

Segments

Values

By Component

·         Brake Pads

·         Brake Rotors

·         Brake Calipers

·         Brake Drums

·         Brake Shoes

·         Brake Fluids

·         Brake Hoses

·         Others

By Application

·         Automotive

·         Aerospace

·         Construction

·         Mining

·         Oil & Gas

·         Manufacturing

·         Marine

·         Others

By Sales Channel

·         Direct Sales

·         Distributors

·         Online Retailers

·         Others

 

Market Analysis by Region

Industrial Brakes market analysis includes the statistics of major geographies such as North America, Europe, Asia Pacific, South America and MEA.

In terms of Industrial Brakes market statistics, Asia Pacific acquired a market value of USD 374.8 million in 2023 and is estimated to reach a value of USD 642.3 million by 2035 with a CAGR of 5.2% during the forecast period.


In the Asia-Pacific (APAC) region, several key trends are shaping the industrial brakes market. Firstly, there's a growing demand for technologically advanced braking systems with enhanced safety features. Industries across APAC are increasingly prioritizing worker safety and equipment reliability, driving the adoption of braking solutions equipped with features such as anti-lock braking systems (ABS), electronic stability control (ESC), and predictive maintenance capabilities.

Secondly, there's a notable shift towards eco-friendly braking solutions to meet sustainability goals. With environmental concerns on the rise, industries in APAC are seeking braking systems that minimize carbon emissions, reduce frictional losses, and use environmentally friendly materials in their construction.

Moreover, customization is becoming a prominent trend in the APAC industrial brakes market. Manufacturers are tailoring braking solutions to meet the unique requirements of different industries and applications, such as automotive, aerospace, and manufacturing. This trend reflects the diverse industrial landscape of APAC and the need for specialized braking solutions to address specific challenges and regulatory requirements.

Additionally, the adoption of automation and electrification in industrial processes is driving the demand for specialized brake systems compatible with automated machinery and electric vehicles. This trend presents opportunities for manufacturers to develop innovative braking solutions optimized for automation and electrification trends in the APAC region. Overall, these key trends are reshaping the industrial brakes market in APAC, driving innovation and market expansion across various industries. 

In the Middle East and Africa (MEA), several key drivers are propelling the industrial brakes market forward. Firstly, rapid industrialization and infrastructural development projects across the region are driving the demand for industrial brakes in sectors such as construction, mining, and manufacturing.

Secondly, stringent safety regulations and standards implemented by governments and regulatory bodies are mandating the use of reliable braking systems, boosting market demand for high-quality industrial brakes.

Moreover, the increasing focus on workplace safety and worker welfare is prompting industries to invest in advanced braking solutions that enhance equipment safety and prevent accidents.

Additionally, the growing adoption of automation and technological advancements in various industries is fueling the demand for specialized braking systems compatible with automated machinery and processes.

Furthermore, the expansion of key end-user industries such as automotive, aerospace, and oil & gas in the MEA region presents opportunities for industrial brake manufacturers to cater to the unique requirements of these sectors and drive market growth. Overall, these drivers are contributing to the expansion and development of the industrial brakes market in the Middle East and Africa. 

Competitive Landscape

Key companies operating within the Industrial Brakes market are: Akebono Brake Industry Co. Ltd, Altra Motion, Antec Group, Carlisle Brake & Friction, Comer Industries Spa (Walterscheid Powertrain Group), Coremo Ocmea S.P.A., AMETEK Inc.,, Hiliard Corporation, Kor-Pak Corporation, Tolomatic Inc., Dellner Bubenzer, Eaton, Intsch Bubenzer Gmbh, Ringspann Gmbh, SIBRE - Siegerland Bremsen Gmbh

1.      Global Industrial Brakes Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Industrial Brakes Market Scope and Market Estimation

1.2.1. Global Industrial Brakes Overall Market Size, Revenue (US$ Mn) & Sales (Units), Market CAGR (%), Market forecast (2024 - 2035)

1.2.2. Global Industrial Brakes Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2035

1.3.    Market Segmentation

1.3.1. By Type

1.3.2. By Component

1.3.3. By Application

1.3.4. By Sales Channel

2.      Executive Summary

2.1.    Market Dynamics

2.1.1. Drivers

2.1.2. Limitations

2.1.3. Opportunities

2.1.4. Impact Analysis of Drivers and Restraints

2.2.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.3.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.4.    Porter’s Five Forces Analysis

2.4.1. Bargaining Power of Suppliers

2.4.2. Bargaining Power of Buyers

2.4.3. Threat of Substitutes

2.4.4. Threat of New Entrants

2.4.5. Competitive Rivalry

2.5.    Value Chain / Ecosystem Analysis

2.6.    Patent Analysis

2.7.    Case Study Analysis

2.8.    Economic Downturn Analysis

2.9.    Production Analysis and Capacity

2.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Industrial Brakes Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Industrial Brakes Market Estimates & Forecast Trend Analysis, by Type

4.1.    Global Industrial Brakes Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Type, 2019 to 2035

4.1.1. Mechanical Brakes

4.1.2. Hydraulic Brakes

4.1.3. Pneumatic Brakes

4.1.4. Electric Brakes

5.      Global Industrial Brakes Market Estimates & Forecast Trend Analysis, by Component

5.1.    Global Industrial Brakes Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Component, 2019 to 2035

5.1.1. Brake Pads

5.1.2. Brake Rotors

5.1.3. Brake Calipers

5.1.4. Brake Drums

5.1.5. Brake Shoes

5.1.6. Brake Fluids

5.1.7. Brake Hoses

5.1.8. Others

6.      Global Industrial Brakes Market Estimates & Forecast Trend Analysis, by Sales Channel

6.1.    Global Industrial Brakes Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Sales Channel, 2019 to 2035

6.1.1. Direct Sales

6.1.2. Distributors

6.1.3. Online Retailers

6.1.4. Others

7.      Global Industrial Brakes Market Estimates & Forecast Trend Analysis, by Application

7.1.    Global Industrial Brakes Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Application, 2019 to 2035

7.1.1. Automotive

7.1.2. Aerospace

7.1.3. Construction

7.1.4. Mining

7.1.5. Oil & Gas

7.1.6. Manufacturing

7.1.7. Marine

7.1.8. Others

8.      Global Industrial Brakes Market Estimates & Forecast Trend Analysis, by Region

8.1.    Global Industrial Brakes Market Revenue (US$ Mn) & Sales (Units) Estimates and Forecasts, by Region, 2019 to 2035

8.1.1. North America

8.1.2. Europe

8.1.3. Asia Pacific

8.1.4. Middle East & Africa

8.1.5. South America

9.      North America Industrial Brakes Market: Estimates & Forecast Trend Analysis

9.1.    North America Industrial Brakes Market Assessments & Key Findings

9.1.1. North America Industrial Brakes Market Introduction

9.1.2. North America Industrial Brakes Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

9.1.2.1.   By Type

9.1.2.2.   By Component

9.1.2.3.   By Application

9.1.2.4.   By Sales Channel

9.1.2.5.   By Country

9.1.2.5.1.     The U.S.

9.1.2.5.1.1.       By Type

9.1.2.5.1.2.       By Component

9.1.2.5.1.3.       By Application

9.1.2.5.1.4.       By Sales Channel

9.1.2.5.2.     Canada

9.1.2.5.2.1.       By Type

9.1.2.5.2.2.       By Component

9.1.2.5.2.3.       By Application

9.1.2.5.2.4.       By Sales Channel

9.1.2.5.3.     Mexico

9.1.2.5.3.1.       By Type

9.1.2.5.3.2.       By Component

9.1.2.5.3.3.       By Application

9.1.2.5.3.4.       By Sales Channel

10.  Europe Industrial Brakes Market: Estimates & Forecast Trend Analysis

10.1.  Europe Industrial Brakes Market Assessments & Key Findings

10.1.1.   Europe Industrial Brakes Market Introduction

10.1.2.   Europe Industrial Brakes Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

10.1.2.1.    By Type

10.1.2.2.    By Component

10.1.2.3.    By Application

10.1.2.4.    By Sales Channel

10.1.2.5.    By Country

10.1.2.5.1. Germany

10.1.2.5.1.1.By Type

10.1.2.5.1.2.By Component

10.1.2.5.1.3.By Application

10.1.2.5.1.4.By Sales Channel

10.1.2.5.2. U.K.

10.1.2.5.2.1.By Type

10.1.2.5.2.2.By Component

10.1.2.5.2.3.By Application

10.1.2.5.2.4.By Sales Channel

10.1.2.5.3. France

10.1.2.5.3.1.   By Type

10.1.2.5.3.2.   By Component

10.1.2.5.3.3.   By Application

10.1.2.5.3.4.   By Sales Channel

10.1.2.5.4. Italy

10.1.2.5.4.1.   By Type

10.1.2.5.4.2.   By Component

10.1.2.5.4.3.   By Application

10.1.2.5.4.4.   By Sales Channel

10.1.2.5.5. Spain

10.1.2.5.5.1.   By Type

10.1.2.5.5.2.   By Component

10.1.2.5.5.3.   By Application

10.1.2.5.5.4.   By Sales Channel

10.1.2.5.6. Russia

10.1.2.5.6.1.   By Type

10.1.2.5.6.2.   By Component

10.1.2.5.6.3.   By Application

10.1.2.5.6.4.   By Sales Channel

10.1.2.5.7. Rest of Europe

10.1.2.5.7.1.   By Type

10.1.2.5.7.2.   By Component

10.1.2.5.7.3.   By Application

10.1.2.5.7.4.   By Sales Channel

11.  Asia Pacific Industrial Brakes Market: Estimates & Forecast Trend Analysis

11.1.  Asia Pacific Market Assessments & Key Findings

11.1.1.   Asia Pacific Industrial Brakes Market Introduction

11.1.2.   Asia Pacific Industrial Brakes Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

11.1.2.1.    By Type

11.1.2.2.    By Component

11.1.2.3.    By Application

11.1.2.4.    By Sales Channel

11.1.2.5.    By Country

11.1.2.5.1. China

11.1.2.5.1.1.   By Type

11.1.2.5.1.2.   By Component

11.1.2.5.1.3.   By Application

11.1.2.5.1.4.   By Sales Channel

11.1.2.5.2. Japan

11.1.2.5.2.1.   By Type

11.1.2.5.2.2.   By Component

11.1.2.5.2.3.   By Application

11.1.2.5.2.4.   By Sales Channel

11.1.2.5.3. India

11.1.2.5.3.1.   By Type

11.1.2.5.3.2.   By Component

11.1.2.5.3.3.   By Application

11.1.2.5.3.4.   By Sales Channel

11.1.2.5.4. Australia

11.1.2.5.4.1.   By Type

11.1.2.5.4.2.   By Component

11.1.2.5.4.3.   By Application

11.1.2.5.4.4.   By Sales Channel

11.1.2.5.5. South Korea

11.1.2.5.5.1.   By Type

11.1.2.5.5.2.   By Component

11.1.2.5.5.3.   By Application

11.1.2.5.5.4.   By Sales Channel

11.1.2.5.5.5.    

11.1.2.5.6. ASEAN

11.1.2.5.6.1.   By Type

11.1.2.5.6.2.   By Component

11.1.2.5.6.3.   By Application

11.1.2.5.6.4.   By Sales Channel

11.1.2.5.7. Rest of Asia Pacific

11.1.2.5.7.1.   By Type

11.1.2.5.7.2.   By Component

11.1.2.5.7.3.   By Application

11.1.2.5.7.4.   By Sales Channel

12.  Middle East & Africa Industrial Brakes Market: Estimates & Forecast Trend Analysis

12.1.  Middle East & Africa Market Assessments & Key Findings

12.1.1.   Middle East & Africa Industrial Brakes Market Introduction

12.1.2.   Middle East & Africa Industrial Brakes Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

12.1.2.1.    By Type

12.1.2.2.    By Component

12.1.2.3.    By Application

12.1.2.4.    By Sales Channel

12.1.2.5.    By Country

12.1.2.5.1. U.A.E.

12.1.2.5.1.1.   By Type

12.1.2.5.1.2.   By Component

12.1.2.5.1.3.   By Application

12.1.2.5.1.4.   By Sales Channel

12.1.2.5.2. Saudi Arabia

12.1.2.5.2.1.   By Type

12.1.2.5.2.2.   By Component

12.1.2.5.2.3.   By Application

12.1.2.5.2.4.   By Sales Channel

12.1.2.5.3. Egypt

12.1.2.5.3.1.   By Type

12.1.2.5.3.2.   By Component

12.1.2.5.3.3.   By Application

12.1.2.5.3.4.   By Sales Channel

12.1.2.5.4. South Africa

12.1.2.5.4.1.   By Type

12.1.2.5.4.2.   By Component

12.1.2.5.4.3.   By Application

12.1.2.5.4.4.   By Sales Channel

12.1.2.5.5. Rest of Middle East & Africa

12.1.2.5.5.1.   By Type

12.1.2.5.5.2.   By Component

12.1.2.5.5.3.   By Application

12.1.2.5.5.4.   By Sales Channel

13.  South America Industrial Brakes Market: Estimates & Forecast Trend Analysis

13.1.  South America Market Assessments & Key Findings

13.1.1.   South America Industrial Brakes Market Introduction

13.1.2.   South America Industrial Brakes Market Size Estimates and Forecast (US$ Million) (2019 - 2035)

13.1.2.1.    By Type

13.1.2.2.    By Component

13.1.2.3.    By Application

13.1.2.4.    By Sales Channel

13.1.2.5.    By Country

13.1.2.5.1. Brazil

13.1.2.5.1.1.   By Type

13.1.2.5.1.2.   By Component

13.1.2.5.1.3.   By Application

13.1.2.5.1.4.   By Sales Channel

13.1.2.5.2. Argentina

13.1.2.5.2.1.   By Type

13.1.2.5.2.2.   By Component

13.1.2.5.2.3.   By Application

13.1.2.5.2.4.   By Sales Channel

13.1.2.5.3. Colombia

13.1.2.5.3.1.   By Type

13.1.2.5.3.2.   By Component

13.1.2.5.3.3.   By Application

13.1.2.5.3.4.   By Sales Channel

13.1.2.5.4. Rest of South America

13.1.2.5.4.1.   By Type

13.1.2.5.4.2.   By Component

13.1.2.5.4.3.   By Application

13.1.2.5.4.4.   By Sales Channel

14.  Competition Landscape

14.1.  Global Industrial Brakes Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

14.2.  Global Industrial Brakes Market Competition White Space Analysis, By Application

14.3.  Global Industrial Brakes Market Competition Heat Map Analysis, By Application

14.4.  Global Industrial Brakes Market Concentration & Company Market Shares (%) Analysis, 2023

15.  Company Profiles

15.1.   Akebono Brake Industry Co. Ltd

15.1.1.   Company Overview & Key Stats

15.1.2.   Financial Performance & KPIs

15.1.3.   Sales Channel Portfolio

15.1.4.   Business Strategy & Recent Developments

15.1.5.   Technology and Pricing

15.1.6.   Key Suppliers

* Similar details would be provided for all the players mentioned below 

15.2.      Altra Motion

15.3.      Antec Group

15.4.      Carlisle Brake & Friction

15.5.      Comer Industries Spa (Walterscheid Powertrain Group)

15.6.      Coremo Ocmea S.P.A.

15.7.      AMETEK Inc.,

15.8.      Hiliard Corporation

15.9.      Kor-Pak Corporation

15.10.  Tolomatic Inc.

15.11.  Dellner Bubenzer

15.12.  Eaton

15.13.  Intsch Bubenzer Gmbh

15.14.  Ringspann Gmbh

15.15.  SIBRE - Siegerland Bremsen Gmbh.

15.16.  Others

16.  Research Methodology

16.1.  External Transportations / Databases

16.2.  Internal Proprietary Database

16.3.  Primary Research

16.4.  Secondary Research

16.5.  Assumptions

16.6.  Limitations

16.7.  Report FAQs

17.  Research Findings & Conclusion

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the size of Industrial Brakes market in 2023?

Industrial Brakes market size was valued at USD 941 million in 2023 and is estimated to reach a value of USD 1,530 million by 2035 with a CAGR of 4.2% during the forecast period 2024-2035.

Which region dominated the Industrial Brakes market in 2023?

Asia Pacific acquired a market value of USD 374.8 million in 2023 and is estimated to reach a value of USD 642.3 million by 2035 with a CAGR of 5.2% during the forecast period.

Which companies dominate the Industrial Brakes market?

Key companies operating within the Industrial Brakes market are: Akebono Brake Industry Co. Ltd, Altra Motion, Antec Group, Carlisle Brake & Friction, Comer Industries Spa (Walterscheid Powertrain Group), Coremo Ocmea S.P.A., AMETEK Inc.,, Hiliard Corporation, Kor-Pak Corporation, Tolomatic Inc., Dellner Bubenzer, Eaton, Intsch Bubenzer Gmbh, Ringspann Gmbh, SIBRE - Siegerland Bremsen Gmbh

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US $4499

Only Four Thousand Four Hundred Ninety Nine US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $5499

Only Five Thousand Four Hundred Ninety Nine US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI