Middle East and Africa 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
In the last few decades, economic development in the Middle East has experienced a paradigm shift from limiting imports to boosting exports. Each Middle Eastern and North African (MENA) country has struggled under both paradigms, resulting in sluggish economies and huge unemployment. Perhaps MENA countries are adopting new approaches and leveraging the magnitude of their combined domestic demand to secure economic growth. Harnessing the power of regional domestic demand is helping them transition from administered to market-oriented economies. In their quest for political and economic change as well as improved possibilities, the millennial group, which makes up the majority of the overall population in MENA nations, is dramatically reshaping the power structure. The expanding trend of digitalization, as well as improvements in service quality in material productivity, are driving development and service trade, which is supporting the expansion of the industrial brakes market. Smart industrial brakes is the major factor driving the growth of the MEA industrial brakes market.
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the economic effects of COVID-19 in the Middle East and African region. It is becoming clear with the COVID-19 pandemic spreading through the above-mentioned countries that few can avoid its effects, posing major challenges for all sectors. The rising volatility of the region's power sector, as well as changing market dynamics, would have an undesirable effect on the industrial brakes market in the region. However, since the prominent oil and petrochemical industries in this region are reopening and process recorders play a significant role in efficient production and business optimization, the demand for industrial brakes is expected to regain momentum in this region.
Get more information on this report :
Market Overview and Dynamics
The industrial brakes market in MEA is expected to grow from US$ 138.23 million in 2021 to US$ 172.59 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. Machines are necessary for the production process, but mishaps during their operations can result in burns, blindness, and amputation. Safeguarding, standardizing operating procedures, and thorough training may assist in keeping the staff safe and secure. Governments and organizations across the world are transforming their operations by implementing emission and safety standards in production facilities. Different industries associations are setting up rules and regulations to ensure the safety of workforces and assets of the respective industries. As a result, the increasing emphasis on maintaining safety standards across industrial sites drives the demand for industrial brakes.
Key Market Segments
The MEA 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 MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Altra Industrial Motion Corp.; AMETEK Inc.; 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 MEA 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 MEA industrial brakes market
- Efficiently plan M&A and partnership deals in MEA 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 MEA industrial brakes market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Industrial Brakes Market Segmentation
MEA Industrial Brakes Market –By Type
- Mechanically Applied Brakes
- Hydraulically Applied Brakes
- Pneumatically Applied Brakes
- Electrically Applied Brakes
- Others
MEA Industrial Brakes Market –By Application
- Holding Brakes
- Dynamic and Emergency Brakes
- Tension Brakes
MEA Industrial Brakes Market –By Industry Vertical
- Manufacturing
- Metal and Mining
- Construction
- Power Generation
- Marine and Shipping
- Others
MEA Industrial Brakes Market -By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
MEA Industrial Brakes Market -Company Profiles
- Altra Industrial Motion Corp.
- AMETEK Inc.
- 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. MEA Industrial Brakes Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Industrial Brakes Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growth of Manufacturing Sector
5.1.2 Stringent 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 Developments 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 – MEA Analysis
6.1 Industrial Brakes Market Overview
6.2 Industrial Brakes Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Industrial Brakes Market Analysis – By Type
7.1 Overview
7.2 MEA 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. MEA Industrial Brakes Market – By Application
8.1 Overview
8.2 MEA 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. MEA Industrial Brakes Market – By Industry Vertical
9.1 Overview
9.2 MEA 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. MEA Industrial Brakes Market – Country Analysis
10.1 Overview
10.1.1 MEA: Industrial Brakes Market- by Key Country
10.1.1.1 South Africa: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Industrial Brakes Market- by Type
10.1.1.1.2 South Africa: Industrial Brakes Market- By Application
10.1.1.1.3 South Africa: Industrial Brakes Market- By Industry Vertical
10.1.1.2 Saudi Arabia: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Industrial Brakes Market- by Type
10.1.1.2.2 Saudi Arabia: Industrial Brakes Market- By Application
10.1.1.2.3 Saudi Arabia: Industrial Brakes Market- By Industry Vertical
10.1.1.3 UAE: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Industrial Brakes Market- by Type
10.1.1.3.2 UAE: Industrial Brakes Market- By Application
10.1.1.3.3 UAE: Industrial Brakes Market- By Industry Vertical
10.1.1.4 Rest of MEA: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Industrial Brakes Market- by Type
10.1.1.4.2 Rest of MEA: Industrial Brakes Market- By Application
10.1.1.4.3 Rest of MEA: Industrial Brakes Market- By Industry Vertical
11. MEA Industrial Brakes Market- COVID-19 Impact Analysis
11.1 Overview
12. MEA Industrial Brakes Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Altra Industrial Motion Corp.
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 AMETEK Inc.
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 DELLNER BUBENZER
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 Eaton Corporation plc
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 RINGSPANN GmbH
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 SIBRE Siegerland Bremsen GmbH
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 Jiangxi Huawu Brake Co., Ltd.
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 KTR Systems 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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA Industrial Brakes Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. South Africa: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of MEA: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Industrial Brakes Market Segmentation
Figure 2. MEA Industrial Brakes Market Segmentation – By Country
Figure 3. MEA 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. Saudi Arabia was the Largest Revenue Contributor in 2020
Figure 7. MEA PEST Analysis
Figure 8. Industrial Brakes Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. MEA Industrial Brakes Market: Impact Analysis of Drivers and Restraints
Figure 11. MEA Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Industrial Brakes Market Revenue Share, by Type (2020 and 2028)
Figure 13. MEA Mechanically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Hydraulically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Pneumatically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Electrically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Industrial Brakes Market Revenue Share, by Application (2020 and 2028)
Figure 19. MEA Holding Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Dynamic and Emergency Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Tension Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Industrial Brakes Market Revenue Share, by Industry Vertical (2020 and 2028)
Figure 23. MEA Manufacturing: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA Metal and Mining: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA Construction: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. MEA Power Generation: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. MEA Marine and Shipping: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. MEA Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. MEA: Industrial Brakes Market, By Key Country-Revenue 2020 (US$ Million)
Figure 30. MEA: Industrial Brakes Market Revenue Share, By Key Country (2020 and 2028)
Figure 31. South Africa: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Saudi Arabia: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. UAE: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of MEA: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- Altra Industrial Motion Corp.
- AMETEK Inc.
- 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 MEA industrial brakes market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA industrial brakes market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the industrial brakes market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution