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Industrial Brakes Market Share
In 2023, dominant market players, including Akebono brake industry co. Ltd, Altra Motion, Antec Group, Carlisle brake & friction and Comer industries spa (Walterscheid powertrain group) collectively held a substantial 20%-30% market share. The market is highly fragmented. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their electronic products and incorporate new technologies, allowing them to stay ahead of the competition.
Industrial Brakes Market Companies
Major players operating in the industrial brakes industry are:
- Akebono Brake Industry Co. Ltd
- Altra Motion
- Antec Group
- Carlisle Brake & Friction
- Comer Industries Spa (Walterscheid Powertrain Group)
- Coremo Ocmea S.P.A.
- AMETEK Inc.,
- Hiliard Corporation
- Kor-Pak Corporation
- Tolomatic Inc.
- Dellner Bubenzer
- Eaton
- Intsch Bubenzer Gmbh
- Ringspann Gmbh
- SIBRE - Siegerland Bremsen Gmbh
Why is the demand for electrical industrial brakes growing?
Electrical industrial brakes market accounted for over USD 404 million in 2023 and is anticipated to witness high demand through 2032, as they provide precise control over braking force and speed regulation, allowing for accurate and consistent stopping of machinery or equipment.
What is the industrial brakes market worth?
The market size of industrial brakes was worth more than USD 1.2 billion in 2023 and is set to expand at over 4.4% CAGR between 2024 and 2032, attributed to the ongoing shift towards automation and the integration of IIoT technologies.
How big is the Asia Pacific industrial brakes market?
Asia Pacific market for industrial brakes generated USD 401 million in 2023 and is slated to depict robust growth through 2032, owing to the increasing interest in industrial brakes with the rising electrification and urbanization in the region.
Who are the major participants operating in the industrial brakes industry?
The leading firms engaged in the industrial brakes market are Akebono Brake Industry Co. Ltd, Altra Motion, Antec Group, Carlisle Brake & Friction, Comer Industries Spa (Walterscheid Powertrain Group), Coremo Ocmea S.P.A., AMETEK Inc., Hiliard Corporation, Kor-Pak Corporation, Tolomatic Inc., Eaton, Intsch Bubenzer Gmbh, and SIBRE - Siegerland Bremsen Gmbh.