Authored By: Sarah
09 Sep 2021

Industrial Clutches And Brakes Market | Market Highlights and Insights to Recovery from COVID-19
Market Segments and Growth Analysis 2021-2025

The industrial clutches and brakes market is expected to grow by $ 275.68 mn, accelerating at a CAGR of almost 3.25% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Industrial Clutches And Brakes Market: Leading Segments and Growth Analysis

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The report segments the market by Product (Mechanical friction clutches and brakes, Electromagnetic clutches and brakes, Over-running and heavy-duty clutches and brakes, and Other clutches and brakes), End-user (Oil and gas industry, Mining industry, Power industry, and Other industries), and Geography (North America, Europe, APAC, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
  • 37% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Industrial Clutches And Brakes Market size.

Industrial Clutches And Brakes Market Size to Grow by $ 275.68 mn through 2021-2025 | Leading Segments and Market Trends

Industrial Clutches And Brakes Market: Trends, Drivers, Challenges

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

  • Increasing demand for higher capacity conveyor drives will be a significant factor in driving the growth of the Industrial Clutches And Brakes Market.
  • Technology-driven improvement in friction system will be instrumental in driving the market growth during the forecast period.
  • Growing manufacturing cost of neodymium magnets is a challenge that needs to be overcome to persist on the path to growth and recovery from the impact of the pandemic.

Industrial Clutches And Brakes Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • Altra Industrial Motion Corp., Eaton Corp. Plc, Electroid Co., GKN Automotive Ltd., Hilliard Corp., Lenze SE, Nexen Group Inc., Regal Beloit Corp., The Rowland Co., and Thomson Industries Inc. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of about 3.25%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 275.68 mn through 2021-2025.

     
  3. What is a key factor driving this market?
    Increasing demand for higher capacity conveyor drives will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    37% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Altra Industrial Motion Corp., Eaton Corp. Plc, Electroid Co., GKN Automotive Ltd., Hilliard Corp., Lenze SE, Nexen Group Inc., Regal Beloit Corp., The Rowland Co., and Thomson Industries Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Mechanical friction clutches and brakes, Electromagnetic clutches and brakes, Over-running and heavy-duty clutches and brakes, and Other clutches and brakes), End-user (Oil and gas industry, Mining industry, Power industry, and Other industries), and Geography (North America, Europe, APAC, South America, and MEA)
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