The industrial clutches and brakes market is expected to register a CAGR of 4.9% during 2023–2031. The evolution of advanced technologies and rapid expansion in industrial sector is likely to remain a key trend in the market.
Industrial Clutches and Brakes Market Analysis
- The demand for industrial clutches and brakes is expected to grow due to the increase in government spending in this sector and the growing industrialization across the globe.
- Clutches make it easier to engage and disengage rotating shafts, whereas brakes are used to stop or slow down moving parts.
- These parts are necessary to many different industries, including the mining, manufacturing, automotive, and aerospace sectors.
- Industrial brakes and clutches are used in manufacturing equipment such as winches, conveyors, and presses to control the motion and speed of production lines.
Industrial Clutches and Brakes Market Overview
- Growing industrialization and the demand for heavy-duty machinery, industrial brakes and clutches have become indispensable components and the foundation for these machines.
- Advanced clutches and brakes with features such as torque sensing, wear monitoring, and electronic control are becoming more in demand as industries increase productivity and operational efficiency.
- For a variety of applications, industrial equipment needs to be properly designed with brakes and clutches to guarantee both safety and proper operation.
- The industrial brakes and clutches market is expected to grow gradually over the projected period due to the continued demand for maintenance, repair and operations (MRO) services and original equipment manufacturer (OEM) demands.
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Industrial Clutches and Brakes Market Drivers and Opportunities
Increasing Consumer Demand for Fuel Efficiency to Favor the Market
- Technologies focused on enhancing vehicle efficiency are emerging as a result of the growing emphasis on lowering carbon emissions and increasing fuel efficiency.
- To enhance fuel efficiency and power transmission optimization, clutches are essential. The demand for automotive clutches is being driven by manufacturers, constant development of innovative clutch systems, such as lightweight clutches and low-drag designs, to improve fuel efficiency.
- Additionally, dual-clutch transmissions (DCTs) are being developed because they offer smooth and rapid gear changes, which improve fuel efficiency when compared to conventional automatic transmissions.
- Additionally, car clutches made especially for start-stop systems are geared for rapid engagement and disengagement, which reduces fuel consumption.
Increasing Industrialization
- The growing industrialization and increasing government spending in the industrial sectors are projected to create opportunities in the industrial clutches and brakes market in the upcoming years.
- Industrial clutches and brakes are becoming more popular among a variety of end-use industries such as mining, construction and logistics. These clutches and brakes are distinguished by their low maintenance requirements, ease of cleaning, potential ROI owing to their longevity, and capacity to function in harsh conditions.
Industrial Clutches and Brakes Market Report Segmentation Analysis
Key segments that contributed to the derivation of the industrial clutches and brakes market analysis are technology, product type, sales channel, and end use.
- Based on technology, the industrial clutches and brakes market is divided into electric, mechanical, pneumatic, hydraulic, and electromagnetic.
- Based on the product type, the industrial clutches and brakes market is divided into dry, oil immersed.
- Based on the Sales Channel, the industrial clutches and brakes market is divided into OEM MRO services.
- Based on end use, the industrial clutches and brakes market is divided into mining and metallurgy, construction, power generation, industrial, commercial, logistics, material handling and others.
Industrial Clutches and Brakes Market Share Analysis by Geography
- The industrial clutches and brakes market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering industrial clutches and brakes market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the industrial clutches and brakes market in these regions.
Industrial Clutches and Brakes Market Regional Insights
The regional trends and factors influencing the Industrial Clutches and Brakes Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Industrial Clutches and Brakes Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Industrial Clutches and Brakes Market
Industrial Clutches and Brakes Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2024 - 2031) | 4.9% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Industrial Clutches and Brakes Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Industrial Clutches and Brakes Market are:
- Altra Industrial Motion Corp.
- Eaton Corporation Plc
- Hilliard Corporation
- Hindon LLC
- KEB Automation KG
- Logan Clutch Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Industrial Clutches and Brakes Market top key players overview
Industrial Clutches and Brakes Market News and Recent Developments
The industrial clutches and brakes market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the industrial clutches and brakes market are listed below:
- The industrial division of Schaeffler was presenting its complete portfolio of precision bearings, precision gearboxes, and precision drives for industrial automation and especially for cobots and industrial robots at Automatica 2023 (June 27 – 30, 2023 in Munich). For the first time, Schaeffler showcased its new modular and individually configurable precision drives for industrial automation. Schaeffler was also presenting its compact precision strain wave gears of series RT1 (for the high-torque sector) and RT2 (for standard torque applications) as solutions for cobots and lightweight robots, but also for medical applications such as drives for C-arms and heavy ceiling mounts. (Source: Schaeffler, Press Release, Jun 2023)
- Motherson, in collaboration with Marelli, announced the inauguration of Motherson Automotive Lighting Tool Room (MALT), a ground-breaking facility that marks a significant milestone in automotive lighting technology. This is the first-ever tool room in India dedicated to automotive lighting. The plant was inaugurated by Mr. R.C. Bhargava, Chairman of Maruti Suzuki India Ltd., and Mr. Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India Ltd., in the august presence of other esteemed guests. The 8700 sq mtr. The facility is located in Noida (Delhi NCR region) in close proximity to OEMs and other tooling locations of Motherson. (Source: Marelli, Press Release, Jun 2023)
Industrial Clutches and Brakes Market Report Coverage and Deliverables
The “Industrial Clutches and Brakes Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Industrial clutches and brakes market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Industrial clutches and brakes market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industrial clutches and brakes market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the industrial clutches and brakes market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global industrial clutches and brakes market is expected to grow at a CAGR of 4.9% during the forecast period 2023 - 2031.
The rapid technological advancement in the industrial sector is one of the major factors driving the industrial clutches and brakes market.
An increasing consumer demand for fuel efficiency is anticipated to play a significant role in the global industrial clutches and brakes market in the coming years.
The leading players operating in the industrial clutches and brakes market are Altra Industrial Motion Corp., Eaton Corporation Plc, Hilliard Corporation, Hindon LLC, KEB Automation KG, Logan Clutch Corporation, Magnetic Technologies Ltd., Magtrol Inc., Ogura Industrial Corp.
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Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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The List of Companies
1. Altra Industrial Motion Corp.
2. Eaton Corporation Plc
3. Hilliard Corporation
4. Hindon LLC
5. KEB Automation KG
6. Logan Clutch Corporation
7. Magnetic Technologies Ltd.
8. Magtrol Inc.
9. Ogura Industrial Corp.
10. SEPAC, Inc.