Dublin, July 07, 2021 (GLOBE NEWSWIRE) -- The "Industrial Brakes and Clutches - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering
Global Industrial Brakes and Clutches Market to Reach $1.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Brakes and Clutches estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by the year 2026, growing at a CAGR of 3.6% over the analysis period.
Mechanical Friction, one of the segments analyzed in the report, is projected to record a 3.2% CAGR. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electromagnetic segment is readjusted to a revised 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $311.3 Million in 2021, While China is Forecast to Reach $328.5 Million by 2026
The Industrial Brakes and Clutches market in the U.S. is estimated at US$311.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$328.5 Million by the year 2026 trailing a CAGR of 4.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Mechanical Friction Based Brakes and Clutches Segment to Reach $709.6 Million by 2026
In the global Mechanical Friction Based Brakes and Clutches segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$475.2 Million in the year 2020 will reach a projected size of US$566.2 Million by the close of the year 2026.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$73.9 Million by the year 2026, while Latin America will expand at a 3.7% CAGR through the analysis period.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 and a Looming Global Recession
Effect of the Pandemic on Industrial Brakes and Clutches Market
The Pandemic Unleashes Unique Challenges for Industrial Brakes & Clutch Manufacturers
Contingency Plans for Business Continuity
Industrial Brakes and Clutches - A Primer
Types of Industrial Brakes and Clutches
Brakes/Clutches Actuation Methods
Cooling of Brakes and Clutches
Health Hazards Associated with Handling and Repair of Brakes and Clutches
Regulations Governing Treatment and Disposal of Brake and Clutch Materials
Industrial Brakes and Clutches: An Introductory Prelude
Wider Use Case across Numerous Application Domains: Cornerstone for Present & Future Growth
Select Applications of Industrial Brakes & Clutches in Key Verticals
Interest in Industrial Automation Creates Opportunities
Emphasis on Performance & Safety of Industrial Systems Directs Progressive Trajectory
Global Market Prospects & Outlook
Developed Regions: Key Revenue Contributors
Developing Economies: Prime Growth Drivers
Asia-Pacific: The Fastest Growing Regional Market
Vendors Emphasize Brand Name to Sustain Market Growth
One-Stop-Shop Concept Remains Important Strategy
Tailored Approach Towards Robust Distribution Network
After-Sales Support: A Scoring Point
Growing Competition from Asian Companies
Mounting Pricing Pressure
Consolidation Remains a Major Trait
Recent Market Activity
2. FOCUS ON SELECT PLAYERS(Total 174 Featured)
Altra Industrial Motion Inc.
Andantex USA Inc.
Dayton Superior Products Co. Inc.
Formsprag Clutch Inc.
Inertia Dynamics LLC
INTORQ GmbH & CO. KG
KEB Automation KG
Magnetic Technologies Ltd.
Ogura Clutch Co., Ltd.
Regal Power Transmission Solutions
Sjogren Industries Inc.
Warner Electric Inc.
3. MARKET TRENDS & DRIVERS
Product Innovation Continues to Drive Growth in the Industrial Brakes & Clutches Market
Advancements & Innovations Remain the Primary Focus Area
End-Use Level Requirements Spur Changes in Brake and Clutch Design
Improvements in Permanent Holding Magnet Brakes Deliver Additional Capabilities
Novel Manufacturing Methods Aid Roll Out of Sophisticated Designs
A Note on Select Innovative Brake & Clutch Products
Global Market for Clutches and Brakes: Major Trends
Specifying the Right Brake and Clutch Designs Becomes Important in the Current Dynamic Scenario
Investments in Emerging Technologies Presents New Growth Opportunities
Electromagnetic Caliper Brakes Make Robust Gains
Technical Superiority Over Drum Brakes Widens Prospects for Disc Brakes
Demand for Drum-Style Brakes to Remain High
Rugged Brakes for Hazardous Environments Exhibit Growth
Parking Brakes for Locking Idle Machinery
Rising Emphasis on Industry 4.0 & Smart Factory Widens Prospects
A Glimpse of First, Second, Third & Fourth Industrial Revolutions
Soaring Demand for Food Processing Machinery Steers Market Momentum
Regulations Drive Adoption of Washdown Brakes
Oil Shear Technology for Brakes and Clutches Used in Food Processing Industry
Material Handling Equipment: A Key End-Use Vertical
Machinery-Intensive Textile Sector Extends Potential Opportunities
Machine Tools Sector Underpins Revenue Growth
Brakes & Clutches Assume Critical Importance in Mining Conveyors
Mining Operators Prioritize Hydraulic Brakes for Overland Conveyors
Servo Motors: A Niche End-Use Market for Industrial Brakes
Industrial Brakes & Clutches for Hassle-Free Web Tension Control
Small Diameter Brakes Gain Traction in Medical & Pharmaceutical Robots
Brakes and Clutches for Paper Processing Equipment
Integrated Packages: Order of the Day in Motor Market
Heavy-Duty Brakes for Dynamic Applications
Traditional Brakes Sustain Momentum
Replacement Demand Enhances Market Prospects
Backstopping Clutches with High Torque Capacity Come to the Fore
Uncertainty in Raw Materials Prices Remains a Major Challenge
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
Total Companies Profiled: 161
For more information about this report visit https://www.researchandmarkets.com/r/66l0xg
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900