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The North American Industrial Brakes Market (2018-2025): An $189.5 Billion Opportunity - ResearchAndMarkets.com

September 19, 2018

DUBLIN--(BUSINESS WIRE)--Sep 19, 2018--The “North American Industrial Brakes Market by Type Application and End-User Industry - Opportunity Analysis and Industry Forecast, 2018-2025” report has been added to ResearchAndMarkets.com’s offering.

According to the report, the North American industrial brakes market was valued at $146 million in 2017, and is projected to reach $189.48 million in 2025, growing at a CAGR of 3.4%.DriversThe market is expected to witness steady growth, owing to rise in adoption of automation processes and subsequent demand for industrial robotics.Further, the advantages of automation in manufacturing processes, such as automated distribution, conveyor belt systems, and assembly station robots, can yield low-cost solution and reduce the cost of labor for the manufacturers.Moreover, increase in construction and mining activities, and rise in concerns toward safety and efficiency of machineries are anticipated to fuel the growth of the industrial brakes market.RestraintsHowever, fluctuating prices of the materials required for manufacturing these brakes continue to impact the profit margin for the market players.Further, the stringent regulations associated with the industrial machineries are also expected to hinder the growth of the market.OpportunitiesNonetheless, introduction of technologically-advanced braking systems and rise in popularity of electric brakes can provide lucrative profitable opportunities to the market players in the coming years

Key Findings

Based on application, the holding brake segment dominated the market in terms of revenue in 2017, and is projected to grow at a CAGR of 3.7% during the forecast period.U.S. generated the highest revenue in 2017, and Mexico is anticipated to grow at the highest CAGR of 4.9%.Based on type, the electrically-applied brake segment generated the highest revenue in 2017, and is estimated to grow at the rate of 4%.Based on end-user industry, the manufacturing segment accounted for the largest market share in 2017.

Key Topics Covered

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Industrial Brakes Market, by Type

Chapter 5: Industrial Brakes Market, by Application

Chapter 6: Industrial Brakes Market, by End-User

Chapter 7: Industrial Brakes Market, by Country

Chapter 8: Company Profiles

Altra Industrial Motion Corp.Eaton CorporationMach III Clutch, Inc.Chassis Brakes International GroupThe Carlyle Johnson Machine Company, LLCOgura Industrial Corp.Drive-Line Inc.Industrial Brake Mars, Inc.Akebono Brake CorporationCarlisle Brake & Friction (Subsidiary of Carlisle Companies Incorporated)

For more information about this report visit https://www.researchandmarkets.com/research/cxm5gk/the_north?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005404/en/

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Related Topics:Brake Systems and Components

KEYWORD: NORTH AMERICA

INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/19/2018 08:30 AM/DISC: 09/19/2018 08:30 AM

http://www.businesswire.com/news/home/20180919005404/en

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