Middle East and Africa Industrial Brakes Market

Market Introduction

In the last few decades, economic development in the Middle East has experienced a paradigm shift from limiting imports to boosting exports. Each Middle Eastern and North African (MENA) country has struggled under both paradigms, resulting in sluggish economies and huge unemployment. Perhaps MENA countries are adopting new approaches and leveraging the magnitude of their combined domestic demand to secure economic growth. Harnessing the power of regional domestic demand is helping them transition from administered to market-oriented economies. In their quest for political and economic change as well as improved possibilities, the millennial group, which makes up the majority of the overall population in MENA nations, is dramatically reshaping the power structure. The expanding trend of digitalization, as well as improvements in service quality in material productivity, are driving development and service trade, which is supporting the expansion of the industrial brakes market. Smart industrial brakes is the major factor driving the growth of the MEA industrial brakes market.  

Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the economic effects of COVID-19 in the Middle East and African region. It is becoming clear with the COVID-19 pandemic spreading through the above-mentioned countries that few can avoid its effects, posing major challenges for all sectors. The rising volatility of the region's power sector, as well as changing market dynamics, would have an undesirable effect on the industrial brakes market in the region. However, since the prominent oil and petrochemical industries in this region are reopening and process recorders play a significant role in efficient production and business optimization, the demand for industrial brakes is expected to regain momentum in this region.

Middle East and Africa Industrial Brakes Strategic Insights

Strategic insights for the Middle East and Africa 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.

Middle East and Africa Industrial Brakes Report Scope

Middle East and Africa Industrial Brakes Regional Insights

The geographic scope of the Middle East and Africa 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 MEA is expected to grow from US$ 138.23 million in 2021 to US$ 172.59 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. Machines are necessary for the production process, but mishaps during their operations can result in burns, blindness, and amputation. Safeguarding, standardizing operating procedures, and thorough training may assist in keeping the staff safe and secure. Governments and organizations across the world are transforming their operations by implementing emission and safety standards in production facilities. Different industries associations are setting up rules and regulations to ensure the safety of workforces and assets of the respective industries. As a result, the increasing emphasis on maintaining safety standards across industrial sites drives the demand for industrial brakes.

Key Market Segments

The MEA 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 MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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 others.

Reasons to buy report

• To understand the MEA 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 MEA industrial brakes market
• Efficiently plan M&A and partnership deals in MEA 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 MEA industrial brakes market
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA Industrial Brakes Market Segmentation

MEA Industrial Brakes Market –By

Type

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

MEA Industrial Brakes Market –By Application

• Holding Brakes
• Dynamic and Emergency Brakes
• Tension Brakes

MEA Industrial Brakes Market –By Industry Vertical

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

MEA Industrial Brakes Market -By Country

• Saudi Arabia
• UAE
• South Africa
• Rest of MEA

MEA Industrial Brakes Market -

Company Profiles

• Altra Industrial Motion Corp.
• AMETEK Inc.
• DELLNER BUBENZER
• Eaton Corporation plc
• Jiangxi Huawu Brake Co., Ltd.
• KTR Systems GmbH
• RINGSPANN GmbH
• SIBRE Siegerland Bremsen GmbH