Global Electro Mechanical Brake Market Size By Type (Single face brake, Power off brake), By Application (Locomotives, Trams and trains), By Geographic Scope And Forecast

Electro Mechanical Brake Market Size And Forecast

Electro Mechanical Brake Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., from 2023 to 2030.

The Electro Mechanical Brake Market is constantly evolving, with manufacturers investing in research and development to create more efficient and reliable systems. Advancements in sensor technology, materials science, and control systems are driving innovation in the market. Moreover, consumers are becoming more environmentally conscious and are increasingly interested in purchasing electric and hybrid vehicles. This trend is driving demand for electro-mechanical brakes, which are commonly used in these types of vehicles. The Global Electro Mechanical Brake Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Electro Mechanical Brake Market Definition

An Electro Mechanical Brake Market is a type of braking system that uses both mechanical and electrical components to stop or slow down a vehicle or machine. The system typically consists of a mechanical brake mechanism (such as a disc or drum brake) that is actuated by an electrical signal from a control unit. When the brake pedal is pressed, the control unit sends a signal to an actuator, which applies force to the brake mechanism, causing it to engage and slow down or stop the vehicle.

Unlike traditional hydraulic brakes, which use fluid pressure to engage the brake pads or shoes, electro-mechanical brakes rely on an electrical signal to actuate the mechanism. Electro-mechanical brakes have several advantages over traditional braking systems, including faster response times, reduced maintenance requirements, and improved efficiency. They are commonly used in hybrid and electric vehicles, as well as in industrial applications such as cranes, hoists, and elevators.

Global Electro Mechanical Brake Market Overview

The increasing demand for electric and hybrid vehicles is a major driver of the Electro Mechanical Brake Market. These vehicles require a braking system that is more efficient and reliable than traditional hydraulic brakes, making electro-mechanical brakes an attractive solution. Governments and regulatory bodies around the world are imposing stricter safety standards on vehicles, which is driving the adoption of more advanced braking systems. Electro-mechanical brakes are able to provide faster response times, better control, and greater reliability than traditional hydraulic brakes, making them an attractive option for manufacturers.

Moreover, the Electro Mechanical Brake Market is benefiting from ongoing advancements in technology, including the development of more advanced sensors, control systems, and materials. These advancements are making electro-mechanical brakes more efficient and reliable, which is driving demand for the technology. Electro-mechanical brakes are not just used in vehicles; they are also widely used in industrial applications such as cranes, hoists, and elevators. As these industries continue to grow, the demand for electro-mechanical brakes is also likely to increase. Furthermore, while the adoption of electro-mechanical brakes is already well-established in passenger cars, there is a significant opportunity for growth in the Electro Mechanical Brake Market.

Trucks, buses, and other commercial vehicles require high-performance braking systems that can handle heavy loads and stop the vehicle quickly and safely. Electro-mechanical brakes have the potential to meet these requirements and improve safety in these applications. In addition, the integration of electro-mechanical brakes with advanced driver assistance systems (ADAS) presents an opportunity for improved safety and performance. ADAS technologies, such as automatic emergency braking and lane departure warning, require fast and reliable braking systems to operate effectively, making electro-mechanical brakes an attractive solution.

Global Electro Mechanical Brake MarketSegmentation Analysis

The Global Electro Mechanical Brake Market is segmented on the basis of Type, Application, And Geography.

Electro Mechanical Brake Market, By Type

• Single face brake
• Power off brake
• Particle brake
• Hysteresis power brake
• Multiple disk brake

On the basis of Type, the Electro-Mechanical Brake Market is bifurcated into single face brake, power off brake, particle brake, hysteresis power brake, and multiple disk brake. A single-face electromechanical brake (EMB) is a type of braking device that slows or stops a vehicle using one or more electro-mechanical discs. Trains, trams, and locomotives are the vehicles that use EMB devices the most. When the brakes are engaged, a feature called the power-off brake turns off the engine of the vehicle. It is primarily utilized in cars with automatic transmissions to save fuel.

Through monitoring wheel speed and applying the brakes when required, the power-off brake lowers engine load and conserves fuel. Particle-off EMBs are a type of electrical brake that generates friction using particles. Since it provides better braking performance than conventional single-face or power-off brakes, this style of brake is frequently used on locomotives and other heavy vehicles. An electromechanical brake known as a feedback power brake regulates braking energy by applying the hysteresis principle.

When the space between the plates gets smaller, the EMB system releases energy that was previously stored as a potential difference between the two plates. Compared to conventional systems that might shock the driver or over-brake them, this one enables a more gradual slowdown. A type of braking device called an electromechanical brake (EMB) that uses multiple disks to slow or stop a vehicle is known as a multi-disk brake. The disks are typically attached to the wheels of the vehicle and are made of metal or plastic. The disks rotate and bring the vehicle to a halt when the driver presses the brake pedal.

Electro Mechanical Brake Market, By Application

• Locomotives
• Trams and trains

On the basis of Application, the Electro Mechanical Brake Market is bifurcated into Locomotives, Trams, and trains. The locomotive segment dominated the market in terms of revenue share in 2019 and is expected to maintain its dominance over the forecast period. The demand for electric locomotives as a replacement for diesel-powered ones has grown significantly due to their reduced emissions, noise, and fuel usage. Additionally, it is anticipated that technological developments such as the installation of smart grids will accelerate their adoption throughout the world’s railways.

Electro Mechanical Brake Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

On the basis of Geography, the Electro Mechanical Brake Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Currently, North America and Europe are the leading markets for electro-mechanical brakes due to the high demand for electric and hybrid vehicles in these regions, as well as the presence of a large automotive industry. Additionally, the stringent safety regulations in these regions are driving the adoption of advanced braking systems, including electro-mechanical brakes.

Asia Pacific is also a significant market for electro-mechanical brakes, due to the presence of large automotive industries in countries such as China, Japan, and South Korea. The region is also experiencing significant growth in electric and hybrid vehicle sales, which is driving demand for more efficient and reliable braking systems. Latin America and the Middle East & Africa are smaller markets for electro-mechanical brakes, but they are expected to experience growth in the coming years due to increasing demand for advanced braking systems in the automotive industry.

Key Players

The “Global Electro Mechanical Brake Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Electroid Company, Emco Dynatorq, Ogura Industrial, Inertia Dynamics LLC, Warner Electric, Hilliard Corp., GKN Stromag AG, KEB America, Magnetic Technologies, Magtrol, Huco Dynatork, Precima Magnettechnik, Rexnord Corp.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In July 2021, for the first-of-its-kind EV Braking System, ZF began series production. With a new series production order, ZF confirms its place as a technology and system supplier for electromobility. Volkswagen’s ID.3 and ID.4 models, as well as the Volkswagen Group’s internationally marketed modular e-drive system MEB platform, will come standard with the newest ZF brake control solutions. ZF can assist in meeting strict comfort and safety standards with its new brake control. Additionally, it maximizes braking energy recovery, extending the range and practicality of electric cars.
• In October 2020, a new heavy-duty automated parking brake (APB HD) from Hitachi Automotive Systems, Ltd. is being made specifically for pickup trucks, vans, SUVs, and light commercial cars.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Electro Mechanical Brake Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Electro Mechanical Brake Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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