Industrial Brakes Market Size Will Attain USD 1982.64 Million by 2030 Registering a Promising CAGR of 4.53% – Comprehensive Report by Zion Market Research

According to Zion Market Research, the global industrial brakes market size is projected to reach USD 1982.64 million by 2030 from its value of USD 1398.64 million in 2022, at a CAGR of 4.53% during the forecast period.

NEW YORK, USA, Sept. 22, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “

Global Industrial Brakes Market: Growth Factors

The evolution of the global industrial brakes market is attributable to the expanding demand of brakes in several sectors such as construction, oil & gas, metal & mining, and manufacturing. This expanded demand can be majorly witnessed across the emerging economies such as China, India, and South Africa.

Economic development, rapid industrialization & urbanization, surging disposable incomes of the people, growing urban population, drastic changes in the needs of people, increased investments toward the manufacturing sector, favorable initiatives & policies undertaken by the governments, and increased need of machinery in various sectors such as agriculture, defense, material handling, & construction are some of the key factors positively affecting the expansion of the global industrial brakes market.

Moreover, to be able to meet the surging requirements for minerals, the developing countries have experienced a notable growth in the investments toward exploration of minerals in the recent times. These economies are implementing numerous methods such as adoption of Internet of Things (IoT) and automation to bring down the production costs, labor expenses, and time required for mining projects. As a result, these investments will prove to improve the prospects of the global market for industrial brakes during the near future.

Industrial Brakes Market: Segmentation

The global industrial brakes market has been segregated based on type, application, end-user, and region.

By type, the market is bifurcated into mechanically applied brakes, electrically applied brakes, pneumatically applied brakes, hydraulically applied brakes, spring brakes, and drum & disc brakes. Based on application, the global industrial brakes market is segmented as holding brakes, emergency brakes, and tension brakes. On the basis of end-use, the market is classified into marine & shipping, mining, manufacturing, construction, entertainments, and others.

Browse the full “Industrial Brakes Market By Type [Mechanically Applied Brakes, Electrically Applied Brakes, Pneumatically Applied Brakes, Hydraulically Applied Brakes, Spring Brakes, And Drum & Disc Brakes], By Application [Holding Brakes, Emergency Bakes, And Tension Brakes], By End-User [Marine & Shipping, Mining, Manufacturing, Construction, Entertainments, And Others], And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/industrial-brakes-market

Regional Analysis:

Asia Pacific is projected to grow drastically in the forecast times. The expansion of the global industrial brakes market share is certain owing to the rapid industrialization, increased adoption of state-of-the-art technologies, and increased manufacturing activities supported by lower production costs across the region.

In the recent past, investments in the production segment were surging for implementing newer technologies such as automation for improving affordability, enhancing the quality of end products, and increased safety.

Competitive Players:

The report contains qualitative and quantitative research on the global Industrial Brakes market, as well as detailed insights and development strategies employed by the leading competitors.

Some of the main players in the global Industrial Brakes market include;   

• Eaton
• Carlisle
• AMETEK
• Dellner
• Altra Industrial Motion
• Magnetek Inc

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The global Industrial Brakes market is segmented as follows:

By Type

• Mechanically Applied Brakes
• Electrically Applied Brakes
• Pneumatically Applied Brakes
• Hydraulically Applied Brakes
• Spring Brakes
• Drum & Disc Brakes

By Application

• Holding Brakes
• Emergency Brakes
• Tension Brakes

By End-User

• Marine & Shipping
• Mining
• Manufacturing
• Construction
• Entertainments
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Southeast Asia
• The Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Request Free Brochure of the Global Industrial Brakes Market @ https://www.zionmarketresearch.com/requestbrochure/industrial-brakes-market

Key questions answered in this report:

• What is the market size and growth rate forecast for Industrial Brakes industry?
• What are the main driving factors propelling the Industrial Brakes Market forward?
• What are the leading companies in the Industrial Brakes Industry?
• What segments does the Industrial Brakes Market cover?

• How can I receive a free copy of the Industrial Brakes Market sample report and company profiles?

Key Offerings:

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market

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