- The industrial brake caliper market is projected to expand at a CAGR of 3.2% during 2022-2031
- Rise in product use in the construction industry is fueling the expansion avenues in the industrial brake caliper market
- The presence of many emerging economies with robust manufacturing industries in Asian-Pacific is propelling the regional market
WILMINGTON, Del., Sept. 22, 2022 /PRNewswire/ — The global industrial brake caliper market is predicted to reach a value of US$428.6 Mn by the end of 2031, according to electric & mechanical brake calipers for industrial work study by Transparency Market Research (TMR). Additionally, the study highlights that the market is expected to develop at a CAGR of 3.2% during the forecast period, from 2022 to 2031.
The TMR study notes that Asian-Pacific is projected to maintain its leading position in the industrial brake caliper market during the forecast period. This growth is ascribed to factors such as the presence of many manufacturing-driven nations including India and Chinarising focus of companies on shifting their production houses in the region, and increasing favorable government initiatives pertaining to the manufacturing industry.
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Industrial Brake Caliper Market: Key Findings
- The adoption of industrial brakes & clutches is being increasing in the recent years across varied applications including heavy machinery, mining, power generation, and manufacturing. This wide product application is expected to help in the expansion of the global industrial brake caliper market during the forecast period, notes a TMR analysis.
- The demand for electrically applied, spring released brake calipers is being increasing in the recent years owing to their different advantages such as swift response time and advanced torque output. Moreover, these products are gaining momentum owing to their ability to generate different torque values using their air gaps, which are externally adjustable. Electrically applied, spring released brake calipers are in high demand owing to their increased use during maintenance for holding, stopping, and locking out equipment control. Such factors, in turn, are anticipated to drive the business prospects in the global industrial brake caliper market in the near future.
- Due to rise in the global population, there has been a surge in the need for different types of constructions including residential and commercial buildings. This aside, the government bodies of several developing nations are focusing on their infrastructure developments. These factors are boosting the expansion of the construction sector worldwide. Hence, companies in the construction sector are investing heavily in different types of machinery, which depend on industrial disc brake calipers for their normal working. Hence, a rise in the construction activities globally is anticipated to support the growth of the industrial brake caliper market in the near future.
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Industrial Brake Caliper Market: Growth Boosters
- Surge in the utilization of industrial caliper brakes in construction activities is driving the sales growth in the global market
- Increase in investments for the development of next-gen industrial brakes & brake systems is expected to propel the global industrial brake caliper market
Industrial Brake Caliper Market: Competition Landscape
- Companies operating in the industrial brake caliper market are using strategies of mergers, acquisitions, and collaborations in order to expand their businesses. Such moves are also helping players to expand their product portfolios and extend their regional presence.
- Several enterprises are increasing their study on what is the best brake caliper and developing products as per the market needs. This aside, several researches are focused on how does a caliper parking brake work and how technologically advanced industrial brake calipers can be developed in order to cater to the current end-users demand, states a TMR study.
Industrial Brake Caliper Market: Key Players
Some of the key players profiled in the report are:
- Kobelt Manufacturing Co. Ltd.
- Hongqiao Brakes By Shares Co., Ltd.
- Hilliard Corporation
- KTR Systems GmbH
- RINGSPANN GmbH
- Hindon, LLC
- DELLNER BUBENZER
- Johnson Industries Ltd.
- Altra Industrial Motion Corp.
- Svendborg Brakes
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Industrial Brake Caliper Market Segmentation
- Product Type
- Spring Applied, Hydraulic Released
- Spring Applied, Pneumatic Released
- Hydraulic Applied, Spring Released
- Pneumatic Applied, Spring Released
- Electrically Applied, Spring Released
- Spring Applied, Electrically Released
- Caliper Design
- Scissors Style
- Direct Single Acting
- Direct Double Acting
- Braking Force
- Up to 100kN
- Above 600kN
- Maximum Torque
- Up to 30,000Nm
- 30,000 – 40,000Nm
- Above 40,000Nm
- Up to 1000mm
- Above 2500mm
- Industrial Manufacturing
- Discrete Manufacturing
- Process Manufacturing
- Distribution Channel
- Direct Sales
- Indirect Sales
- North America
- Middle East & Africa
- South America
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