Jun 28, 2018   SOURCE: BusinessWire

Global Industrial Brakes Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 3.7% - ResearchAndMarkets.com

The "Industrial Brakes Market by Type, and by End-User Industry (Metals & Mining, Construction, Power Generation, Entertainment, Marine & Shipping, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.

The global industrial brakes market is expected to $1,074 million by 2023 from $828 million in 2016, growing at a CAGR of 3.70% from 2017-2023.

The global industrial brakes market constitutes motion involved in equipment & machineries and the ability to control them results in wide scope of application in various end-user industries. Further, the industrial brakes deliver accurate performance for machineries and equipment used in various end-user industries. The industrial brakes also provide the desired motion necessary for the machine equipment for processing of the raw materials in metals & mining, construction and food industry.

The global industrial brakes market is expected to witness a steady growth owing to rise in adoption of automation processes and subsequent demand of industrial robotics. Further, the advantages of automation in manufacturing processes such as automated distribution, conveyor belt systems, and assembly stations robots can yield low cost solution and reduce the cost of labor for the manufacturers. Apart from these, the rise in construction and mining activities is also anticipated to drive the growth of industrial brakes market.

Companies Mentioned

  • AKEBONO BRAKE INDUSTRY CO., LTD.
  • Altra Industrial Motion Corp.
  • ANTEC, S.A.
  • Carlisle Brake & Friction
  • Coremo Ocmea S.p.A.
  • Eaton
  • GKN Walterscheid GmbH
  • Pintsch Bubenzer GmbH
  • Ringspann GmbH
  • SIBRE - Siegerland Bremsen GmbH

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Industrial Brakes Market, by Type

5 Industrial Brakes Market, by Application

6 Global Industrial Brakes Market, by End-User Industry

7 Industrial Brakes Market, by Geography

8 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/djxkdl/global_industrial?w=4