North America 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)

Name: North America Industrial Brakes Market
SKU: Manufacturing and Construction
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Market Introduction

Manufacturing is an important sector in North America; with a high real output worth US$ 2.00 trillion (adjusted for inflation in 2009 ) in Q1 2018, the US is the world's third-largest manufacturer, after the People's Republic of China and the European Union. This is well above the US$ 1.95 trillion peak before the Great Recession in 2007. In December 2016, the manufacturing sector in the US employed 12.35 million people, up from 12.56 million in December 2017, recording an increase of 207,000 or 1.7%. Such developed manufacturing sector across the region, necessitates the need for efficient industrial equipment and other systems related to them, such as brakes. Furthermore, the adoption of new chemical manufacturing technologies may boost their resistance capacities. The production capacity of chemicals such as ethylene, propylene, and paraxylene is expected to grow at a rate more than 4% per year until 2022. A strong demand for these chemicals is allowing big petrochemical corporations to continue developing and ramping up their capacities. Furthermore, changes in crude oil and natural gas prices are likely to have a significant impact on the addition of base chemicals capacities in the future, providing significant opportunities for industrial brakes vendors. Growth of manufacturing sector is the major factor driving the growth of the North America industrial brakes market.

North America has the highest rate of adoption and advancement of new technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any effects on industries are expected to have a negative impact on the region's economic growth. After the first wave of pandemic-driven shutdowns, segment recoveries have been non-uniform across various manufacturing industries. Some manufacturers have experience forced work stoppages or supply disruption, pulling down capacity utilization rates and impairing productivity. However, the implementation of digital twin, i.e., a digital representation of a physical thing, like production process or physical production environment, has enabled manufacturing units across North America to virtually simulate the product, its production and its performance in the real world. Thus, the adoption of mechanical Equipments of manufacturing processes across different industries in North America has the potential to mitigate the historic losses in productivity and output of manufacturers, thereby neutrally affecting the industrial brakes market in this region.

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Market Overview and Dynamics

The industrial brakes market in North America is expected to grow from US$ 275.35 million in 2021 to US$ 372.06 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. When designing equipment systems, it's crucial to think about how the braking system will affect the operation of subsequent machines. Fail-safe brakes assist in shutting off the machines movement quickly in accidents, performance failure, or power failure, among others. Companies are also working on hydraulic release brakes that are spring-loaded braking systems using hydraulic energy to produce adjustable torque. The need for industrial brakes is high in mining winches, overhead cranes, steel rolling systems, and other similar devices. Furthermore, warehousing, medical, steel mills, and food processing industries hold significant potential for the industrial brakes market. Companies are actively working on the spring-applied brakes with high permitted braking energies, high torques, and wear resistance. For instance, Kor-Pak, an OEM and distributor of industrial brakes and clutches, is developing end-to-end braking systems for the mining and manufacturing industries.

Key Market Segments

The North America 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 North America 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.; Carlisle Companies Incorporated; 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 North America 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 North America industrial brakes market
Efficiently plan M&A and partnership deals in North America 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 North America industrial brakes market
Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Industrial Brakes Market Segmentation

North America Industrial Brakes Market –By Type

Mechanically Applied Brakes
Hydraulically Applied Brakes
Pneumatically Applied Brakes
Electrically Applied Brakes
Others

North America Industrial Brakes Market –By Application

Holding Brakes
Dynamic and Emergency Brakes
Tension Brakes

North America Industrial Brakes Market –By Industry Vertical

North America Industrial Brakes Market -By Country

US
Canada
Mexico

North America Industrial Brakes Market -Company Profiles

1. Introduction 15

1.1 Study Scope. 15

1.2 The Insight Partners Research Report Guidance. 15

1.3 Market Segmentation. 17

2. Key Takeaways 19

3. Research Methodology 23

3.1 Coverage. 25

3.2 Secondary Research. 25

3.3 Primary Research. 26

4. North America Industrial Brakes Market Landscape 27

4.1 Market Overview.. 27

4.2 North America PEST Analysis. 28

4.3 Ecosystem Analysis. 29

4.4 Expert Opinion. 30

5. North America Industrial Brakes Market – Key Market Dynamics 31

5.1 Key Market Drivers. 31

5.1.1 Growth of Manufacturing Sector 31

5.1.2 Strict Rules and Regulations Related to Industrial Machinery. 32

5.2 Key Market Restraints. 32

5.2.1 Concern Regarding Raw Materials Used in Brake Manufacturing. 32

5.3 Key Market Opportunities. 32

5.3.1 Advancements in Industrial Braking Technology. 32

5.4 Future Trends. 33

5.4.1 Smart Industrial Brakes. 33

5.5 Impact Analysis of Drivers and Restraints. 34

6. Industrial Brakes Market – North America Analysis 35

6.1 North America Industrial Brakes Market Overview.. 35

6.2 North America Industrial Brakes Market –Revenue and Forecast to 2028 (US$ Million) 35

7. North America Industrial Brakes Market Analysis – By Type 37

7.1 Overview.. 37

7.2 North America Industrial Brakes Market, By Type (2020 and 2028) 37

7.3 Mechanically Applied Brakes. 38

7.3.1 Overview.. 38

7.3.2 Mechanically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 38

7.4 Hydraulically Applied Brakes. 39

7.4.1 Overview.. 39

7.4.2 Hydraulically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 40

7.5 Pneumatically Applied Brakes. 41

7.5.1 Overview.. 41

7.5.2 Pneumatically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 41

7.6 Electrically Applied Brakes. 42

7.6.1 Overview.. 42

7.6.2 Electrically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 42

7.7 Others. 43

7.7.1 Overview.. 43

7.7.2 Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 43

8. North America Industrial Brakes Market – By Application 44

8.1 Overview.. 44

8.2 North America Industrial Brakes Market, by Application (2020 and 2028) 44

8.3 Holding Brakes. 45

8.3.1 Overview.. 45

8.3.2 Holding Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 45

8.4 Dynamic and Emergency Brakes. 46

8.4.1 Overview.. 46

8.4.2 Dynamic and Emergency Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 47

8.5 Tension Brakes. 48

8.5.1 Overview.. 48

8.5.2 Tension Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 48

9. North America Industrial Brakes Market – By Industry Vertical 49

9.1 Overview.. 49

9.2 North America Industrial Brakes Market, by Industry Vertical (2020 and 2028) 49

9.3 Manufacturing. 50

9.3.1 Overview.. 50

9.3.2 Manufacturing: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 50

9.4 Metal and Mining. 51

9.4.1 Overview.. 51

9.4.2 Metal and Mining: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 52

9.5 Construction. 53

9.5.1 Overview.. 53

9.5.2 Construction: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 53

9.6 Power Generation. 54

9.6.1 Overview.. 54

9.6.2 Power Generation: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 54

9.7 Marine and Shipping. 55

9.7.1 Overview.. 55

9.7.2 Marine and Shipping: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 55

9.8 Others. 56

9.8.1 Overview.. 56

9.8.2 Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 56

10. North America Industrial Brakes Market – Country Analysis 57

10.1 Overview.. 57

10.1.1 North America: Industrial Brakes Market- by Key Country. 59

10.1.1.1 US: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 60

10.1.1.1.1 US: Industrial Brakes Market- by Type. 61

10.1.1.1.2 US: Industrial Brakes Market- By Application. 62

10.1.1.1.3 US: Industrial Brakes Market- By Industry Vertical 63

10.1.1.2 Canada: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 64

10.1.1.2.1 Canada: Industrial Brakes Market- by Type. 65

10.1.1.2.2 Canada: Industrial Brakes Market- By Application. 66

10.1.1.2.3 Canada: Industrial Brakes Market- By Industry Vertical 67

10.1.1.3 Mexico: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 68

10.1.1.3.1 Mexico: Industrial Brakes Market- by Type. 69

10.1.1.3.2 Mexico: Industrial Brakes Market- By Application. 70

10.1.1.3.3 Mexico: Industrial Brakes Market- By Industry Vertical 71

11. North America Industrial Brakes Market- COVID-19 Impact Analysis 72

11.1 Overview.. 72

12. North America Industrial Brakes Market-Industry Landscape 74

12.1 Overview.. 74

12.2 Market Initiative. 74

13. Company Profiles 76

13.1 Akebono Brake Industry Co., Ltd. 76

13.1.1 Key Facts. 76

13.1.2 Business Description. 76

13.1.3 Products and Services. 77

13.1.4 Financial Overview.. 77

13.1.5 SWOT Analysis. 79

13.1.6 Key Developments. 79

13.2 Altra Industrial Motion Corp. 80

13.2.1 Key Facts. 80

13.2.2 Business Description. 80

13.2.3 Products and Services. 81

13.2.4 Financial Overview.. 81

13.2.5 SWOT Analysis. 84

13.2.6 Key Developments. 84

13.3 AMETEK Inc. 85

13.3.1 Key Facts. 85

13.3.2 Business Description. 85

13.3.3 Products and Services. 86

13.3.4 Financial Overview.. 86

13.3.5 SWOT Analysis. 89

13.3.6 Key Developments. 90

13.4 Carlisle Companies Incorporated. 91

13.4.1 Key Facts. 91

13.4.2 Business Description. 91

13.4.3 Products and Services. 92

13.4.4 Financial Overview.. 92

13.4.5 SWOT Analysis. 95

13.4.6 Key Developments. 95

13.5 Coremo Ocmea S.p.A. 96

13.5.1 Key Facts. 96

13.5.2 Business Description. 96

13.5.3 Products and Services. 97

13.5.4 Financial Overview.. 97

13.5.5 SWOT Analysis. 98

13.5.6 Key Developments. 98

13.6 DELLNER BUBENZER. 99

13.6.1 Key Facts. 99

13.6.2 Business Description. 99

13.6.3 Products and Services. 99

13.6.4 Financial Overview.. 100

13.6.5 SWOT Analysis. 100

13.6.6 Key Developments. 100

13.7 Eaton Corporation plc. 101

13.7.1 Key Facts. 101

13.7.2 Business Description. 101

13.7.3 Products and Services. 102

13.7.4 Financial Overview.. 102

13.7.5 SWOT Analysis. 105

13.7.6 Key Developments. 105

13.8 RINGSPANN GmbH.. 106

13.8.1 Key Facts. 106

13.8.2 Business Description. 106

13.8.3 Products and Services. 106

13.8.4 Financial Overview.. 107

13.8.5 SWOT Analysis. 107

13.8.6 Key Developments. 107

13.9 SIBRE Siegerland Bremsen GmbH.. 108

13.9.1 Key Facts. 108

13.9.2 Business Description. 108

13.9.3 Products and Services. 109

13.9.4 Financial Overview.. 109

13.9.5 SWOT Analysis. 109

13.9.6 Key Developments. 110

13.10 Jiangxi Huawu Brake Co., Ltd. 111

13.10.1 Key Facts. 111

13.10.2 Business Description. 111

13.10.3 Products and Services. 112

13.10.4 Financial Overview.. 112

13.10.5 SWOT Analysis. 113

13.10.6 Key Developments. 113

13.11 KTR Systems GmbH.. 114

13.11.1 Key Facts. 114

13.11.2 Business Description. 114

13.11.3 Products and Services. 115

13.11.4 Financial Overview.. 115

13.11.5 SWOT Analysis. 116

13.11.6 Key Developments. 116

14. Appendix 117

14.1 About The Insight Partners. 117

14.2 Word Index. 117

LIST OF TABLES

Table 1. North America Industrial Brakes Market – Revenue, and Forecast to 2028 (US$ Million) 36

Table 2. US: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million) 61

Table 3. US: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million) 62

Table 4. US: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million) 63

Table 5. Canada: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million) 65

Table 6. Canada: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million) 66

Table 7. Canada: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million) 67

Table 8. Mexico: Industrial Brakes Market- by Type –Revenue and Forecast to 2028 (US$ Million) 69

Table 9. Mexico: Industrial Brakes Market- By Application –Revenue and Forecast to 2028 (US$ Million) 70

Table 10. Mexico: Industrial Brakes Market- By Industry Vertical –Revenue and Forecast to 2028 (US$ Million) 71

Table 11. List of Abbreviation. 117

LIST OF FIGURES

Figure 1. North America Industrial Brakes Market Segmentation. 17

Figure 2. North America Industrial Brakes Market Segmentation – By Country. 18

Figure 3. North America Industrial Brakes Market Overview.. 19

Figure 4. Hydraulically Applied Brakes Segment Held the Largest Market Share in 2020. 20

Figure 5. Holding Brakes Held the Largest Market Share in 2020. 21

Figure 6. US was the Largest Revenue Contributor in 2020. 22

Figure 7. North America PEST Analysis. 28

Figure 8. Industrial Brakes Market– Ecosystem Analysis. 29

Figure 9. Expert Opinion. 30

Figure 10. North America Industrial Brakes Market: Impact Analysis of Drivers and Restraints. 34

Figure 11. North America Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 36

Figure 12. North America Industrial Brakes Market Revenue Share, by Type (2020 and 2028) 37

Figure 13. North America Mechanically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 39

Figure 14. North America Hydraulically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 40

Figure 15. North America Pneumatically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 41

Figure 16. North America Electrically Applied Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 42

Figure 17. North America Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 43

Figure 18. North America Industrial Brakes Market Revenue Share, by Application (2020 and 2028) 44

Figure 19. North America Holding Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 46

Figure 20. North America Dynamic and Emergency Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 47

Figure 21. North America Tension Brakes: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 48

Figure 22. North America Industrial Brakes Market Revenue Share, by Industry Vertical (2020 and 2028) 49

Figure 23. North America Manufacturing: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 51

Figure 24. North America Metal and Mining: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 52

Figure 25. North America Construction: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 53

Figure 26. North America Power Generation: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 54

Figure 27. North America Marine and Shipping: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 55

Figure 28. North America Others: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 56

Figure 29. North America: Industrial Brakes Market, by Key Country-Revenue 2020 (US$ Million) 58

Figure 30. North America: Industrial Brakes Market Revenue Share, by Key Country (2020 and 2028) 59

Figure 31. US: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 60

Figure 32. Canada: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 64

Figure 33. Mexico: Industrial Brakes Market – Revenue and Forecast to 2028 (US$ Million) 68

Figure 34. Impact of COVID-19 Pandemic in North American Country Markets. 73

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America industrial brakes market.
Highlights key business priorities in order to assist companies to realign their business strategies
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Scrutinize in-depth North America 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

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