North America Industrial Brakes Market is expected to reach US$ 217.7 Million by 2026 from US$ 146 Million in 2017 at CAGR of 4.54%.
North America Industrial Brakes Market is segmented by type, application, end user, and by geography.
Based on application, North America Industrial Brakes Market is classified by dynamic & emergency brakes, holding brakes, and tension brakes. Holding break segment is estimated to largest share of market in forecast period.
On the basis of end user, Industrial Brakes Market is divided by metal & mining, construction, entertainment, manufacturing, marine & shipping, and others. Construction segment is expected to hold largest share of market in forecast period due to increasing construction activities and project as population is increasing in this region.
In terms of type, Industrial Brakes Market is fragmented by pneumatically-applied, electrically-applied, mechanically-applied, hydraulically-applied, drum & disk brake, and spring brakes.
Electrically-applied segment is generated highest revenue in 2017.
Major driving factors for Industrial Brakes Market are rising technological advancements, increasing popularity of electric brakes, increasing adoption of automation, rising demand for robotics, cost efficient, reduced cost of labour , rising mining and construction, and rising security concerns. Technology advancement is industrial brakes is opportunities to key players and at same time high cost of materials required for manufacture industrial brakes and government regulation regarding industrial machineries are act as restrain to the market.
In terms of geography, industrial brakes market is segment by US and Canada. US is generated the highest revenue in 2017 and also estimated to continue during forecast period due to rising construction and manufacturing in this country.
Key player’s studies, analyzed, profiled and benchmarked in North America Industrial Brakes Market are Akebono Brake Corporation, Altra Industrial Motion Corp., Carlisle Brake & Friction, Chassis Brakes International, Drive-Line Inc., Eaton Corporation, Industrial Brakes Company, Mach III Clutch, Inc., Ogura Industrial Corp, and The Carlyle Johnson Machine Company, LLC.
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Scope of North America Industrial Brakes Market
North America Industrial Brakes Market, by Type
• Pneumatically-Applied
• Electrically-Applied
• Mechanically-Applied
• Hydraulically-Applied
• Drum & Disk Brake
• Spring Brakes
North America Industrial Brakes Market, by Application
• Dynamic & Emergency Brakes
• Holding Brakes
• Tension Brakes
North America Industrial Brakes Market, by End User
• Metal & Mining
• Construction
• Entertainment
• Manufacturing
• Marine & Shipping
• Others
North America Industrial Brakes Market, by Geography
• US
• Canada
Key Players, North America Industrial Brakes Market are
• Akebono Brake Corporation
• Altra Industrial Motion Corp.
• Carlisle Brake & Friction
• Chassis Brakes International
• Drive-Line Inc.
• Eaton Corporation
• Industrial Brakes Company
• Mach III Clutch, Inc.
• Ogura Industrial Corp,
• The Carlyle Johnson Machine Company, LLC.
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The Industrial Brakes Market is expected to grow at a CAGR of 3.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingIndustrial brakes are friction devices used to control the movements of machines during operations.
It helps in controlling the speed and thereby assists in delivering the desired result.
These brakes are widely used in different industries such as packaging, processing, manufacturing, mining & others to enhance the productivity with minimum human supervision.According to the report, continuous growth in industrial automation activities all around the globe and wide applications in different industries are major factors driving the market growth.
Moreover, high adoption rate of sensor breaks followed by the rapid integration of IoT, AI at industrial level is anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, the industrial brakes market is segmented into Mechanically Applied Brakes, Hydraulically Applied Brakes, Pneumatically Applied Brakes, Electrically Applied Brakes, Drum & Disc Brakes, and Spring Brakes.
Electrically Applied Brakes dominates the global industrial brakes market in terms of market share and will be the dominant segment during the forecast period.On the basis of application, the industrial brakes market is categorised into Holding Brakes, Dynamic & Emergency Brakes, and Tension Brakes.
Europe is the second developed region in industrial breaks market in terms of market size.
Industrial enzymes market is Enzymes can be obtained from a variety of sources, including animal, bacterial, fungal, yeast, and plant sources.
In addition, the paper industry, the beverage industry, personal care, the demand to convert the flour industry into glucose and various syrups are the main reasons for the market growth of industrial enzymes.However, limited restrictions on the use of enzymes with limited thermostability and narrow surface area are the main factor hindering the growth of the market for industrial enzymes.
In addition, strict government regulations regarding the use of industrial enzymes are a major factor hindering the growth of the industrial enzymes market.North America industrial enzymes market is expected to gain market growth in the forecast period of 2020 to 2027.
Data Bridge Market Research analyses the market growth at a CAGR of 6.2 % in the above-mentioned forecast period.
This North America Industrial Enzymes Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market.
The increasing construction activities in several countries, on account of the rising urbanization, rapid economic growth, and surging disposable income of people, are pushing up the requirement for finished products across the globe.
The infrastructure sector has grown massively in developing countries such as India and China and various African countries during the last few years and this upward growth trajectory is predicted to continue in the coming years as well.This will create huge requirement for manufacturing and construction machinery such as lifts, construction systems, and cranes, which will, in turn, push up the demand for industrial brakes in the coming years.
In addition to this, the developing nations have witnessed huge investments in mineral exploration projects during the last several years.
Moreover, these investments are predicted to soar in the future years as well.
This will fuel the expansion of the mining sector in the coming years.These countries are using several technologies such as the internet of things (IoT) and automation for reducing the operational times and the labor costs associated with mining projects.
Because of these factors, the sales of industrial brakes are rising rapidly around the world.
