South America 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. Growth of manufacturing sector is the major factor driving the growth of the SAM industrial brakes market.  

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.

South America Industrial Brakes Strategic Insights

Strategic insights for the South America 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.

South America Industrial Brakes Report Scope

South America Industrial Brakes Regional Insights

The geographic scope of the South America 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 SAM is expected to grow from US$ 67.39 million in 2021 to US$ 78.48 million by 2028; it is estimated to grow at a CAGR of 2.2% from 2021 to 2028. When designing equipment systems, it's crucial to think about how the braking system will affect the operation of subsequent machines. Fail-safe brakes assist in shutting off the machines movement quickly in accidents, performance failure, or power failure, among others. Companies are also working on hydraulic release brakes that are spring-loaded braking systems using hydraulic energy to produce adjustable torque. The need for industrial brakes is high in mining winches, overhead cranes, steel rolling systems, and other similar devices. Furthermore, warehousing, medical, steel mills, and food processing industries hold significant potential for the industrial brakes market. Companies are actively working on the spring-applied brakes with high permitted braking energies, high torques, and wear resistance. For instance, Kor-Pak, an OEM and distributor of industrial brakes and clutches, is developing end-to-end braking systems for the mining and manufacturing industries.

Key Market Segments

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.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on industrial brakes market in SAM 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 SAM 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 SAM industrial brakes market
• Efficiently plan M&A and partnership deals in SAM 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 SAM industrial brakes market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Industrial Brakes Market Segmentation

SAM Industrial Brakes Market –By

Type

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

SAM Industrial Brakes Market –By Application

• Holding Brakes
• Dynamic and Emergency Brakes
• Tension Brakes

SAM Industrial Brakes Market –By Industry Vertical

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

SAM Industrial Brakes Market -By Country

• Brazil
• Argentina
• Rest of SAM

SAM 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