Industrial Brakes Market Research, 2030 The global industrial brakes market size was valued at $1,295.20 million in 2020, and is projected to reach $1,957.31 million by 2030, growing at a CAGR of 4.1% from 2021 to 2030. Industrial brakes are the type of systems that are used for construction, forestry, axle, trailer, defense, agricultural, material handling, and utility applications. These brakes slow down or provide complete stoppage. These brakes use friction for holding rotating or movable parts in its place when required and converts kinetic energy that is generated through the friction between surfaces to halt the movement. These brakes provide complete safety that is growing in use in different industries. The construction and manufacturing industry is growing, owing to rise in government spending over infrastructure projects and increase in demand for commercial and residential segments. Growth in construction projects is bringing more demand for construction equipment such as excavators, backhoe, graders, bulldozers, trenchers and many other construction equipment used for construction applications. This equipment has different performance needs to handle larger amount of weight. Brakes used helps in letting construction equipment to handle larger quantity of load. In addition, growing production and demand for equipment drives the industrial brakes market. In addition, use of robots for different industries is growing. For instance, industrial robots are used for manufacturing applications to provide pick and place operations. Major risks associated with using large robots over different industries is the non-commanded motion that requires immediate action to stop robots. Brakes used for robots help in providing dynamic stopping during emergency. In addition, growth in use of robots for better productivity in different industries and factories drive demand for the industrial brakes market. Get Free Sample:-https://www.alliedmarketresearch.com/request-sample/4460 The global industrial brakes market is segmented on the basis of type, application, end user industry, and region. By type, the market is divided into mechanical, hydraulic, pneumatic, electrical, and others. By application, it is divided into holding brakes, dynamic & emergency brakes, and tension brakes. By end user industry, it is divided into manufacturing, metal & mining, construction, marine & shipping, and others. Region wise, the global industrial brakes market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). COMPETITOR ANALYSIS The major players profiled in the industrial brakes market include AKEBONO BRAKE INDUSTRY CO., LTD., Altra Motion, Antec Group, Carlisle Brake & Friction, Comer Industries Spa (Walterscheid Powertrain Group), Coremo Ocmea S.p.A., Dellner Bubenzer , Eaton, Ringspann GmbH , and SIBRE. Major companies in the market have adopted product launch, business expansion, agreement, and acquisition as their key developmental strategies to offer better products and services to customers in the industrial brakes market. Full Report With TOC:-https://www.alliedmarketresearch.com/industrial-brakes-market