Industrial Brakes Market Size - By Product Type (Mechanical, Hydraulic, Pneumatic, Electrical), Application (Holding Brakes, Dynamic & Emergency Brakes, Tension Brakes), End User (Manufacturing, Metal & Mining, Construction, Marine & Shipping), & Forecast, 2024 – 2032

Industrial Brakes Market Size - By Product Type (Mechanical, Hydraulic, Pneumatic, Electrical), Application (Holding Brakes, Dynamic & Emergency Brakes, Tension Brakes), End User (Manufacturing, Metal & Mining, Construction, Marine & Shipping), & Forecast, 2024 – 2032

Industrial Brakes Market Size

Industrial Brakes Market was valued at USD 1.2 billion in 2023 and is anticipated to register a CAGR of over 4.4% from 2024 to 2032. Industrial brakes are engineered to decelerate or halt the mechanical motion of components or systems. This is achieved by utilizing friction, allowing the braking mechanism to dissipate kinetic energy. Various brakes are accessible, tailored to specific purposes and methods of slowing or halting mechanical motion. The industrial sector continues to witness a shift towards automation and the integration of IIoT technologies. This trend impacts the industrial brakes demand as companies seek more efficient, responsive, and safer braking systems to complement automated processes.

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The demand for industrial brakes is closely tied to the performance of key end-use industries such as manufacturing, mining, construction, and transportation. Economic growth, infrastructure development, and technological advancements in these sectors influence the demand for braking systems. With a growing emphasis on sustainability and energy efficiency, there's a rising demand for braking solutions that minimize energy consumption and reduce carbon emissions. Manufacturers are developing regenerative braking systems and other energy-efficient technologies to address these requirements.
 

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The upfront cost of implementing industrial brake systems, especially advanced technologies like EBS and regenerative braking, can be significant, posing a challenge for adoption, particularly for small and medium-sized enterprises (SMEs). Additionally, industrial brakes require regular maintenance and periodic replacement of components to ensure optimal performance and safety. High maintenance costs may deter some companies from investing in advanced braking systems. Industrial brake systems need to be cost-effective while meeting performance requirements. Managing costs, including raw materials, labor, and overheads, is crucial in maintaining profitability.

Industrial Brakes Market Trends

Safety remains a paramount concern in industrial operations. Regulatory standards and guidelines regarding workplace safety drive the demand for advanced braking systems that adhere to stringent safety norms. Manufacturers are innovating to develop brakes with enhanced safety features and reliability is playing a significant role in driving market expansion. Thus, the trend towards electrification in various industrial applications, including automotive, aerospace, and renewable energy, is influencing the design and adoption of electric brakes.

The expansion of industries such as manufacturing, construction, mining, and transportation contributes to the demand for industrial brakes. As these industries grow and modernize, there's a greater need for advanced braking systems that can handle heavier loads, higher speeds, and more demanding operating conditions.

Industrial Brakes Market Analysis

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Based on product type, the electrical segment was worth USD 404 million in 2023. Electric brakes provide precise control over braking force and speed regulation, allowing for accurate and consistent stopping of machinery or equipment. Electric brakes have quick response times, enabling swift activation and deactivation when necessary, enhancing safety and efficiency in industrial operations. Additionally, electric brakes typically consume less energy compared to hydraulic or pneumatic systems, contributing to cost savings and environmental sustainability in industrial operations. Overall, electric brakes offer superior performance, reliability, and flexibility, making them a preferred choice in the industrial brake market.

Based on application, the holding brakes segment accounted for a market share around 41% in 2023. Holding brakes offer precise control over the positioning and movement of machinery, allowing for accurate and controlled operation, which is essential for tasks requiring precision. Holding brakes can efficiently hold machinery in place without continuous power consumption, resulting in energy savings and improved overall efficiency of industrial operations, which are expected to propel segment growth.

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Based on end user, the manufacturing segment led the market with a share around 34% in 2023. In manufacturing industries, brakes are often used in various forms depending on the specific application. For instance, in manufacturing, you might find brakes used in equipment such as conveyors, cranes, hoists, and other material handling systems. These brakes are typically designed to provide control over the movement of machinery, ensure safety, and facilitate precise positioning of components during manufacturing processes. Additionally, brakes play a crucial role in optimizing manufacturing processes by facilitating smooth and controlled operation of machinery.

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Asia Pacific industrial brakes market size surpassed USD 401 million in 2023. This leading position is attributed to the increasing interest in industrial brakes with the rising electrification and urbanization in the region. This region will command a significant share of the global market, propelled by rapid urbanization and economic growth. As urbanization gains momentum, a growing number of individuals are migrating to cities, elevating living standards, and presenting lucrative opportunities for the expansion of industrial brakes. The rise in disposable income further contributes to this regional market trend.

Industrial Brakes Market Share

In 2023, dominant market players, including Akebono brake industry co. Ltd, Altra Motion, Antec Group, Carlisle brake & friction and Comer industries spa (Walterscheid powertrain group) collectively held a substantial 20%-30% market share. The market is highly fragmented. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.

Industrial Brakes Market Companies

Major players operating in the industrial brakes industry 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

Industrial brakes Industry News

• In April 2020, DELLINER BUBENZER Group and its subsidiary PINTSCH BUBENZER GmbH., announced their acquisition over RIMA S.R.L., an Italian manufacturing company, with an aim to establish monopoly in supplying industrial braking systems at global level, along with increasing the trade of power transmission products.
   
• In May 2020, Altra Industrial Motion Corp., introduced its Stromag Series 600 Braking Systems for dam gates, with each brake providing 45 kNm of torque. The hydraulic powerplant built on this dam generates 18 MW electricity; the six steel gates weighing 100 tons and 27 m wide, are used to control the flow of river.
   
• In September 2019, Ringspann GmbH., one of the major players in global market, introduced its new series of conventional and slimmer drum brakes. These drum brakes are horizontally mounted with thrustor and are designed for braking torques of about 4,500 Nm. In addition, these drum brakes can be configured as per consumer requirements. 

This industrial brakes market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and volume (Million Units) from 2018 to 2032, for the following segments

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Market, By Product Type

• Mechanical
• Hydraulic
• Pneumatic
• Electrical
• Others (drum & disc brakes, spring brakes, etc.)

Market, By Application

• Holding Brakes
• Dynamic & Emergency Brakes
• Tension Brakes
• Others (material handling, energy, etc.)

Market, By End User

• Manufacturing
• Metal & Mining
• Construction
• Marine & Shipping
• Others (entertainment, oil & gas, construction., etc.,)

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia    
  • Indonesia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA