The Industrial Brakes Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Industrial Brakes Market?
The Industrial Brakes Global Market has witnessed significant growth in recent years. The market value, which stood at $1.31 billion in 2024, is expected to increase to $1.38 billion in 2025. This growth signifies a compound annual growth rate (CAGR) of 6.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Industrial Brakes Industry?
In 2029, the industrial brakes market is projected to reach a size of $1.73 billion, growing at a compound annual growth rate (CAGR) of 5.7%.
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What are the Key Growth Drivers Fueling the Industrial Brakes Market?
The key drivers in the industrial brakes market are:
• Increasing focus on energy efficiency and renewable energy projects
• Growing demand for predictive maintenance and customized solutions
• Tightening safety and performance standards in the industry
• Evolution of technology including IoT integration in braking systems, advanced materials, compact designs, advancements in friction materials, and a shift towards sustainable and eco-friendly products.
Global Market Segmentation: Identifying Major Industrial Brakes Industry Segments
The industrial brakesmarket covered in this report is segmented –
1) By Type: Mechanically Applied Brakes, Hydraulically Applied Brakes, Pneumatically Applied Brakes, Electrically Applied Brakes
2) By Application: Holding Brakes, Dynamic And Emergency Brakes, Tension Brakes
3) By End-User: Marine And Shipping, Mining, Manufacturing, Construction, Entertainments, Other End-Users
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What are the emerging Trends Shaping the Future of the Industrial Brakes Market?
The key trends in the industrial brakes market are:
• Integration of IoT in braking systems is emerging as a major trend in the industrial brakes market.
• The development of advanced materials continues to shape the market.
• A focus on miniaturization and compact designs is also increasingly influencing the market.
• Advancements in friction materials and a shift towards sustainable and eco-friendly products are key trends.
Who Are the Top Competitors & Leading Players in the Industrial Brakes Market?
Major companies in the industrial brakes market are:
• Eaton Corporation plc
• Parker Hannifin Corporation
• Shanghai Borui Electric Co. Ltd.
• AMETEK Inc.
• Nabtesco Corporation
• Altra Industrial Motion Corp.
• Akebono Brake Industry Co. Ltd.
• Haldex AB
• ADVICS CO. LTD.
• KTR Systems GmbH
• Hilliard Corporation
• Kor-Pak Corporation
• Dellner Bubenzer
• Tolomatic Inc.
• Antec SA
• Kobelt Manufacturing Co. Ltd.
• SIBRE Siegerland Bremsen GmbH
• Kamco Components Ltd.
• Jiaozuo Changjiang Brake Co. Ltd.
• Carlisle Brake & Friction
• Jiangxi Huawu Brake Co. Ltd.
• Coremo Ocmea S.p.A.
• Emco Precima Engineering Pvt Ltd.
Regional Dominance: Which Area Leads the Global Industrial Brakes Market?
North America was the largest region in the industrial brakes market in 2024
