Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,885.50 Million | USD 2,984.65 Million | 4.70% | 2024 |
FrequentlyAsked Questions
Industrial brakes and clutches are mechanical components designed for controlling motion, transmitting power, and ensuring operational safety in industrial machinery. Brakes are used to slow down or stop motion, while clutches engage and disengage power transmission between components.
The industrial brakes and clutches market is expected to be driven by rising industrial automation, increasing demand for high-performance motion control systems, advancements in smart braking technologies, expansion of the manufacturing and transportation sectors, and growing emphasis on energy-efficient and sustainable braking solutions.
According to our study, the global industrial brakes and clutches market was worth around USD 1,885.50 million in 2024 and is predicted to grow to around USD 2,984.65 million by 2034.
The CAGR value of the industrial brakes and clutches market is expected to be around 4.70% during 2025-2034.
The global industrial brakes and clutches market will register the highest growth in North America during the forecast period.
Key players in the industrial brakes and clutches market include Eaton Corporation, Altra Industrial Motion Corp., Siemens AG, ABB Ltd., Hilliard Corporation, INTORQ GmbH & Co. KG, WPT Power Corporation, Nexen Group Inc., Warner Electric, Akebono Brake Industry Co., Ltd., MICO, Inc., KEB Automation KG, The Carlyle Johnson Machine Company, Clutch Engineering, Dellner Brakes AB, Ogura Industrial Corp., and Sibre Siegerland Bremsen GmbH.
The report comprehensively analyzes the industrial brakes and clutches market, covering key market drivers, challenges, emerging trends, and regional growth dynamics. It delves into technological advancements, including smart braking systems, IoT-enabled monitoring, and predictive maintenance solutions, shaping the industry's future.
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