Press release
The Global Industrial Motor Brakes Market Is Projected To Reach US$ 2.08 Billion By 2032
The global industrial motor brakes market is currently valued at US$ 1.34 billion, with a CAGR of 4.5% expected to reach a market valuation of US$ 2.08 billion by 2032.Industrial brakes use the kinetic energy created by friction between surfaces to stop motion and, when necessary, use friction to hold rotating or moving parts in place. Industrial brakes are used for partial or total stopping in the construction, forestry, axle, trailer, defence, agricultural, material handling, and utility industries.
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Competitive Landscape
Manufacturers are focusing heavily on reducing machine stop time to increase the output of automated guided vehicles (AGV) and electric cars, which has led them to turn to industrial motor brakes.
Industrial motor brakes also allow for the maintenance of pulley tension, the activation of dynamic brakes, and precise movement and stopping, all of which contribute to worker safety.
Strong industrial motor brakes are in high demand due to the growing need to instantly stop motors to protect workers or products.
The companies offer a wide range of products and have extensive global distribution networks. They have used strategies such as new product development, mergers, contracts, and alliances to maintain their market position.
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Key Segments Covered in Industrial Motor Brakes Industry Research
Industrial Motor Brakes Market by Type :
DC Brakes
AC Brakes
Torque
Industrial Motor Brakes Market by Braking Mode :
Holding
Overhauling Braking
Load-assisted Braking
Soft-stop Braking
Industrial Motor Brakes Market by Application :
Regenerative Braking
Dynamic Braking
Plugging
Industrial Motor Brakes Market by End Use :
Metals & Mining
Construction
Manufacturing
Processing
Industrial Motor Brakes Market by Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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Which regional markets are industrial motor brake manufacturers eyeing?
"European Industrial Motor Brakes Market Growth Driven by Rapid Industrialization and Urbanization"
Currently, Europe holds 24.5% of the global market share, while North America is expected to hold 21.6%.
Germany, Russia, France, the United Kingdom, and Italy are well-known for their extensive industrialization and urbanisation. As a result, they stand a good chance of implementing cutting-edge solutions that boost the productivity of numerous industrial and urban activities.
Asia Pacific, Europe, and North America are all expected to present the market with significant growth opportunities between 2022 and 2032. The rapid industrialization and growth of manufacturing in these areas are expected to drive demand for industrial motor brakes.
Industrial Motor Brakes Market Competitive Analysis Market Report:
• Key players' strategies and products offered
• Potential and niche segments, geographical regions with promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and expand their market footprint
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