Europe Industrial Brakes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Mechanically Applied Brakes, Hydraulically Applied Brakes, Pneumatically Applied Brakes, Electrically Applied Brakes, and Others), Application (Holding Brakes, Dynamic and Emergency Brakes, and Tension Brakes), and Industry Vertical (Manufacturing, Metal and Mining, Construction, Power Generation, Marine and Shipping, and Others)
Market Introduction
The European Union (EU) is in the process of reforming its economy to reduce greenhouse gas emissions (GHG). The methods of electricity generations are projected to play a critical role in low-carbon transition. Rising demand for power generated from clean sources of energy, as well as an elevating percentage of electricity generated from renewable sources, is projected to lower the GHG emissions of electricity generation plants. Despite the fact that emissions from electricity generation have decreased in the EU by over 30% in the last 10 years, the industry still accounts for ~33% of direct CO2 emissions. Further, the percentage of electricity in overall energy consumption—particularly in transportation (electrically charged cars), and heating and cooling—is anticipated to increase in the coming years. In addition to supporting low-carbon energy production, the electrification trend is significantly contributing to the growth of the European power market. The region’s phase-out from coal-fired power plants continues to boost the use of various renewable energy sources, resulting in the growing demand for brakes for efficient rolling of the machinery in the production plants. However, the impact of COVID-19 is anticipated to reduce investments in the power sector, which would stifle the market growth in the coming years. Rigid rules and regulations related to industrial machinery is the major factor driving the growth of the Europe industrial brakes market.
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, the developed Western European countries such as Germany, France, Russia, the United Kingdom and others have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. In order to protect its citizens from the virus, the governments in Europe have made tremendous investments in incorporating technologies across different industries to help lower the impact of COVID-19 and the related shutdown measures. Manufacturers all over Europe have switched from conventional to online module to keep their financial operations running during the COVID-19 outbreak. As a result of the online module adoption, more companies are adopting operation techniques such as digital twin or simulation technologies in order to proceed with their production, research and development. Since several manufacturers are offering brakes with automatic control with the ability to share data to remote locations. Several industries have been adopting blended production strategies to meet their financial goals. Therefore, the impact of COVID-19 on industrial brakes market in Europe has been gradually subsiding after the successful adoption of remote working practices and vaccination programs.
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Market Overview and Dynamics
The industrial brakes market in Europe is expected to grow from US$ 306.95 million in 2021 to US$ 444.18 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The Fourth Industrial Revolution—Industry 4.0—is transforming the industrial sector by combining physical, digital, and biological domains. Advanced technologies such as the Internet of Things, artificial intelligence, Blockchain, robotics, and additive manufacturing are reshaping the future of the manufacturing industries. Industrial brake manufacturers are offering easy-to-operate industrial brakes whose function can be understood based on little technical knowledge. The brake is highly efficient and suitable for electric vehicle applications as well as a wide variety of gentle stops. The new offering will help Altra Industrial Motion Corporation in obtaining new customers, securing larger market share, and making greater revenues.
Key Market Segments
The Europe industrial brakes market is segmented into type, application, industry vertical, and country. Based on type, the industrial brakes market is segmented into mechanically applied brakes, hydraulically applied brakes, pneumatically applied brakes, electrically applied brakes, and others. The hydraulically applied brakes segment dominated the market in 2020 and electrically applied brakes segment is expected to be the fastest growing during the forecast period. Based on application, industrial brakes market is sub segmented into holding brakes, dynamic and emergency brakes, and tension brakes. The holding brakes segment dominated the market in 2020 and dynamic and emergency brakes segment is expected to be the fastest growing during the forecast period. Based on industry vertical, the industrial brakes market is categorized into manufacturing, metal and mining, construction, power generation, marine and shipping, and others. The manufacturing segment dominated the market in 2020 and others segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on industrial brakes market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Akebono Brake Industry Co., Ltd.; Altra Industrial Motion Corp.; AMETEK Inc.; Coremo Ocmea S.p.A.; DELLNER BUBENZER; Eaton Corporation plc; Jiangxi Huawu Brake Co., Ltd.; KTR Systems GmbH; RINGSPANN GmbH; and SIBRE Siegerland Bremsen GmbH are among others.
Reasons to buy report
- To understand the Europe industrial brakes market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe industrial brakes market
- Efficiently plan M&A and partnership deals in Europe industrial brakes market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe industrial brakes market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Industrial Brakes Market Segmentation
Europe Industrial Brakes Market –By Type
- Mechanically Applied Brakes
- Hydraulically Applied Brakes
- Pneumatically Applied Brakes
- Electrically Applied Brakes
- Others
Europe Industrial Brakes Market –By Application
- Holding Brakes
- Dynamic and Emergency Brakes
- Tension Brakes
Europe Industrial Brakes Market –By Industry Vertical
- Manufacturing
- Metal and Mining
- Construction
- Power Generation
- Marine and Shipping
- Others
Europe Industrial Brakes Market -By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Industrial Brakes Market -Company Profiles
- Akebono Brake Industry Co., Ltd.
- Altra Industrial Motion Corp.
- AMETEK Inc.
- Coremo Ocmea S.p.A.
- DELLNER BUBENZER
- Eaton Corporation plc
- Jiangxi Huawu Brake Co., Ltd.
- KTR Systems GmbH
- RINGSPANN GmbH
- SIBRE Siegerland Bremsen GmbH
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Industrial Brakes Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Industrial Brakes Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Development of Manufacturing Sector
5.1.2 Rigid Rules and Regulations Related to Industrial Machinery
5.2 Key Market Restraints
5.2.1 Concern Regarding Raw Materials Used in Brake Manufacturing
5.3 Key Market Opportunities
5.3.1 Evolutions in Industrial Braking Technology
5.4 Future Trends
5.4.1 Smart Industrial Brakes
5.5 Impact Analysis of Drivers and Restraints
6. Industrial Brakes Market – Europe Analysis
6.1 Industrial Brakes Market Overview
6.2 Europe Industrial Brakes Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Industrial Brakes Market Analysis – By Type
7.1 Overview
7.2 Europe Industrial Brakes Market, By Type (2020 and 2028)
7.3 Mechanically Applied Brakes
7.3.1 Overview
7.3.2 Mechanically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Hydraulically Applied Brakes
7.4.1 Overview
7.4.2 Hydraulically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Pneumatically Applied Brakes
7.5.1 Overview
7.5.2 Pneumatically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Electrically Applied Brakes
7.6.1 Overview
7.6.2 Electrically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Industrial Brakes Market – By Application
8.1 Overview
8.2 Europe Industrial Brakes Market, by Application (2020 and 2028)
8.3 Holding Brakes
8.3.1 Overview
8.3.2 Holding Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Dynamic and Emergency Brakes
8.4.1 Overview
8.4.2 Dynamic and Emergency Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Tension Brakes
8.5.1 Overview
8.5.2 Tension Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Industrial Brakes Market – By Industry Vertical
9.1 Overview
9.2 Europe Industrial Brakes Market, by Industry Vertical (2020 and 2028)
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Metal and Mining
9.4.1 Overview
9.4.2 Metal and Mining: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Construction
9.5.1 Overview
9.5.2 Construction: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Power Generation
9.6.1 Overview
9.6.2 Power Generation: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Marine and Shipping
9.7.1 Overview
9.7.2 Marine and Shipping: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Industrial Brakes Market – Country Analysis
10.1 Overview
10.1.1 Europe: Industrial Brakes Market- by Key Country
10.1.1.1 Germany: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Industrial Brakes Market- by Type
10.1.1.1.2 Germany: Industrial Brakes Market- By Application
10.1.1.1.3 Germany: Industrial Brakes Market- By Industry Vertical
10.1.1.2 France: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Industrial Brakes Market- by Type
10.1.1.2.2 France: Industrial Brakes Market- By Application
10.1.1.2.3 France: Industrial Brakes Market- By Industry Vertical
10.1.1.3 Italy: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Industrial Brakes Market- by Type
10.1.1.3.2 Italy: Industrial Brakes Market- By Application
10.1.1.3.3 Italy: Industrial Brakes Market- By Industry Vertical
10.1.1.4 UK: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Industrial Brakes Market- by Type
10.1.1.4.2 UK: Industrial Brakes Market- By Application
10.1.1.4.3 UK: Industrial Brakes Market- By Industry Vertical
10.1.1.5 Russia: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Industrial Brakes Market- by Type
10.1.1.5.2 Russia: Industrial Brakes Market- By Application
10.1.1.5.3 Russia: Industrial Brakes Market- By Industry Vertical
10.1.1.6 Rest of Europe: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Industrial Brakes Market- by Type
10.1.1.6.2 Rest of Europe: Industrial Brakes Market- By Application
10.1.1.6.3 Rest of Europe: Industrial Brakes Market- By Industry Vertical
11. Europe Industrial Brakes Market- COVID-19 Impact Analysis
11.1 Overview
12. Europe Industrial Brakes Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Akebono Brake Industry Co., Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Altra Industrial Motion Corp.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 AMETEK Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Coremo Ocmea S.p.A.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 DELLNER BUBENZER
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Eaton Corporation plc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 RINGSPANN GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 SIBRE Siegerland Bremsen GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Jiangxi Huawu Brake Co., Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 KTR Systems GmbH
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Industrial Brakes Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Germany: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Industrial Brakes Market Segmentation
Figure 2. Europe Industrial Brakes Market Segmentation – By Country
Figure 3. Europe Industrial Brakes Market Overview
Figure 4. Hydraulically Applied Brakes Segment Held the Largest Market Share in 2020
Figure 5. Holding Brakes Held the Largest Market Share in 2020
Figure 6. Rest of Europe was the Largest Revenue Contributor in 2020
Figure 7. Europe – PEST Analysis
Figure 8. Industrial Brakes Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Europe Industrial Brakes Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Industrial Brakes Market Revenue Share, by Type (2020 and 2028)
Figure 13. Europe Mechanically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Hydraulically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Pneumatically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Electrically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Industrial Brakes Market Revenue Share, by Application (2020 and 2028)
Figure 19. Europe Holding Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Dynamic and Emergency Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Tension Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Industrial Brakes Market Revenue Share, by Industry Vertical (2020 and 2028)
Figure 23. Europe Manufacturing: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Metal and Mining: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Construction: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Power Generation: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe Marine and Shipping: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe: Industrial Brakes Market, By Key Country –Revenue (2020) (US$ Million)
Figure 30. Europe: Industrial Brakes Market Revenue Share, By Key Country (2020 and 2028)
Figure 31. Germany: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. France: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Italy: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. UK: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Russia: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Europe: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in Europe Country Markets
- Akebono Brake Industry Co., Ltd.
- Altra Industrial Motion Corp.
- AMETEK Inc.
- Coremo Ocmea S.p.A.
- DELLNER BUBENZER
- Eaton Corporation plc
- Jiangxi Huawu Brake Co., Ltd.
- KTR Systems GmbH
- RINGSPANN GmbH
- SIBRE Siegerland Bremsen GmbH
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe industrial brakes market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the industrial brakes market, as well as those hindering it
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