Manufacturing Segment to Dominate SAM Industrial Brakes Market during 2021–2028

According to a new market research study on “SAM Industrial Brakes Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, and Industry Vertical” is expected to reach US$ 78.48 million by 2028 from US$ 67.39 million in 2021. The market is estimated to grow at a CAGR of 2.2% from 2021 to 2028. The report provides trends prevailing in the SAM industrial brakes market along with the drivers and restraints pertaining to the market growth. Growth of manufacturing sector is the major factor driving the growth of the SAM industrial brakes market. However, issues associated with the concern regarding raw materials used in brake manufacturing hinder the growth of SAM industrial brakes market.

The SAM 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. Based on country, the industrial brakes market is classified into Brazil, Argentina and Rest of SAM.

Argentina has the largest number of cases with COVID-19, followed by Ecuador, Chile, Peru, and Argentina amongst others. The covid-19 pandemic has led to the closure of all economic activities across the region, in order to combat the spread of the virus. There are plenty of seawater sources in South America. In this region, desalination plants use seawater to provide freshwater to the city. South America currently has thirty desalination plants distributed throughout Chile, US, Peru, Colombia, and Argentina. Desalination plants in these areas are the key demand drivers for industrial brakes as an efficient means to reach business optimization. Moreover, a large number of Latin American countries are going through significant transformation in infrastructure by implementing various large-scale initiatives in sectors like power and wastewater treatment. As a result, the COVID-19 has a neutral influence on the industrial brakes market in South America.

Altra Industrial Motion Corp.; AMETEK Inc.; DELLNER BUBENZER; Eaton Corporation plc; Jiangxi Huawu Brake Co., Ltd.; KTR Systems GmbH; RINGSPANN GmbH; and SIBRE Siegerland Bremsen GmbH are among the leading companies in the SAM industrial brakes market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, DELLNER BUBENZER Group has acquired Hydratech Industries, a Danish global producer of high-end hydraulic systems, cylinders, and accumulators for wind, offshore, marine, and industrial applications, In the future, the firm will be known as DELLNER HYDRATECH Group.

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