NEW YORK, Oct. 11, 2021 /PRNewswire/ --
The Industrial clutches and brakes market size is expected to increase by USD 275.68 million from 2021 to 2025, registering a CAGR of 3.25%, according to the latest research report from Technavio.
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The industrial clutches and brakes market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The market is driven by Increasing demand for higher capacity conveyor drives. However, the growing manufacturing cost of neodymium magnets may hamper the market.
The Industrial Clutches And Brakes Market is segmented by Product (Mechanical friction clutches and brakes, Electromagnetic clutches and brakes, Over-running and heavy-duty clutches and brakes, and Other clutches and brakes), End-user (Oil and gas industry, Mining industry, Power industry, and Other industries), and Geography (North America, Europe, APAC, South America, and MEA).
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The industrial clutches and brakes market covers the following areas:
Companies Mentioned
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Industrial Clutches And Brakes Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.25% |
Market growth 2021-2025 |
USD 275.68 million |
Market structure |
Fragmented |
YoY growth (%) |
2.62 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 37% |
Key consumer countries |
US, Germany, China, Canada, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Altra Industrial Motion Corp., Eaton Corp. Plc, Electroid Co., GKN Automotive Ltd., Hilliard Corp., Lenze SE, Nexen Group Inc., Regal Beloit Corp., The Rowland Co., and Thomson Industries Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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