Europe Industrial Brakes Market

Market Introduction

The European Union (EU) is in the process of reforming its economy to reduce greenhouse gas emissions (GHG). The methods of electricity generations are projected to play a critical role in low-carbon transition. Rising demand for power generated from clean sources of energy, as well as an elevating percentage of electricity generated from renewable sources, is projected to lower the GHG emissions of electricity generation plants. Despite the fact that emissions from electricity generation have decreased in the EU by over 30% in the last 10 years, the industry still accounts for ~33% of direct CO2 emissions. Further, the percentage of electricity in overall energy consumption—particularly in transportation (electrically charged cars), and heating and cooling—is anticipated to increase in the coming years. In addition to supporting low-carbon energy production, the electrification trend is significantly contributing to the growth of the European power market. The region’s phase-out from coal-fired power plants continues to boost the use of various renewable energy sources, resulting in the growing demand for brakes for efficient rolling of the machinery in the production plants. However, the impact of COVID-19 is anticipated to reduce investments in the power sector, which would stifle the market growth in the coming years. Rigid rules and regulations related to industrial machinery is the major factor driving the growth of the Europe industrial brakes market.  

The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, the developed Western European countries such as Germany, France, Russia, the United Kingdom and others have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. In order to protect its citizens from the virus, the governments in Europe have made tremendous investments in incorporating technologies across different industries to help lower the impact of COVID-19 and the related shutdown measures. Manufacturers all over Europe have switched from conventional to online module to keep their financial operations running during the COVID-19 outbreak. As a result of the online module adoption, more companies are adopting operation techniques such as digital twin or simulation technologies in order to proceed with their production, research and development. Since several manufacturers are offering brakes with automatic control with the ability to share data to remote locations. Several industries have been adopting blended production strategies to meet their financial goals. Therefore, the impact of COVID-19 on industrial brakes market in Europe has been gradually subsiding after the successful adoption of remote working practices and vaccination programs.

Europe Industrial Brakes Strategic Insights

Strategic insights for the Europe Industrial Brakes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Industrial Brakes Report Scope

Europe Industrial Brakes Regional Insights

The geographic scope of the Europe Industrial Brakes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The industrial brakes market in Europe is expected to grow from US$ 306.95 million in 2021 to US$ 444.18 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The Fourth Industrial Revolution—Industry 4.0—is transforming the industrial sector by combining physical, digital, and biological domains. Advanced technologies such as the Internet of Things, artificial intelligence, Blockchain, robotics, and additive manufacturing are reshaping the future of the manufacturing industries. Industrial brake manufacturers are offering easy-to-operate industrial brakes whose function can be understood based on little technical knowledge. The brake is highly efficient and suitable for electric vehicle applications as well as a wide variety of gentle stops. The new offering will help Altra Industrial Motion Corporation in obtaining new customers, securing larger market share, and making greater revenues.

Key Market Segments

The Europe 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.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on industrial brakes market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Akebono Brake Industry Co., Ltd.; Altra Industrial Motion Corp.; AMETEK Inc.; Coremo Ocmea S.p.A.; DELLNER BUBENZER; Eaton Corporation plc; Jiangxi Huawu Brake Co., Ltd.; KTR Systems GmbH; RINGSPANN GmbH; and SIBRE Siegerland Bremsen GmbH  are among others.

Reasons to buy report

• To understand the Europe industrial brakes market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe industrial brakes market
• Efficiently plan M&A and partnership deals in Europe industrial brakes market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe industrial brakes market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Industrial Brakes Market Segmentation

Europe Industrial Brakes Market –By

Type

• Mechanically Applied Brakes
• Hydraulically Applied Brakes
• Pneumatically Applied Brakes
• Electrically Applied Brakes
• Others

Europe Industrial Brakes Market –By Application

• Holding Brakes
• Dynamic and Emergency Brakes
• Tension Brakes

Europe Industrial Brakes Market –By Industry Vertical

• Manufacturing
• Metal and Mining
• Construction
• Power Generation
• Marine and Shipping
• Others

Europe Industrial Brakes Market -By Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Europe Industrial Brakes Market -

Company Profiles

• Akebono Brake Industry Co., Ltd.
• Altra Industrial Motion Corp.
• AMETEK Inc.
• Coremo Ocmea S.p.A.
• DELLNER BUBENZER
• Eaton Corporation plc
• Jiangxi Huawu Brake Co., Ltd.
• KTR Systems GmbH
• RINGSPANN GmbH
• SIBRE Siegerland Bremsen GmbH