- The Industrial Brake Calipers market is expected to grow at a CAGR of 3.2% between 2022 and 2031
- The increase in product usage in the construction industry fuels the expansion avenues in the industrial brake calipers market
- The presence of many emerging economies with robust manufacturing industries in Asia Pacific drives the regional market forward
Wilmington, Del., September 22, 2022 /PRNewswire/ — The global market for industrial brake calipers is forecast to reach US$428.6 million by the end of 2031, according to a study on electric and mechanical calipers for industrial work by Transparency Market Research (TMR). Furthermore, the study highlights that the market is expected to develop at a CAGR of 3.2% during the forecast period of 2022 to 2031.
That is what the TMR study found Asia Pacific is expected to maintain its leading position in the industrial brake calipers market during the forecast period. This growth is attributed to factors such as the presence of many manufacturing-oriented nations including India and Chinaincreasing focus by companies on relocating their manufacturing facilities to the region; and increasingly favorable government initiatives related to the manufacturing industry.
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Industrial Brake Caliper Market: Key Findings
- The adoption of industrial brakes and clutches has increased in recent years in various applications including heavy equipment, mining, power generation and manufacturing. According to a TMR analysis, this broad product application is expected to contribute to the expansion of the global industrial brake calipers market during the forecast period.
- The demand for electrically operated spring released calipers has increased in recent years due to their various advantages, such as: B. faster response time and advanced torque output increased. In addition, these products are gaining importance because they can generate different torque values due to their externally adjustable air gaps. Electrically actuated, spring released calipers are in high demand due to their increasing use during maintenance to hold, stop and lock out equipment controls. Such factors, in turn, are expected to impact the business prospects in the global industrial brake calipers market in the near future.
- Due to the increase in world population, the need for various types of buildings, including residential and commercial buildings, has increased significantly. Apart from that, the government agencies of several developing countries are focused on their infrastructure developments. These factors are driving the expansion of the construction sector worldwide. As a result, companies in the construction industry are investing heavily in various types of machines that rely on industrial disc brake calipers for their normal function. Therefore, an increase in construction activities worldwide is expected to support the growth of the industrial brake calipers market in the near future.
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Industrial Brake Caliper Market: Growth Drivers
- Rise of utilization of industrial caliper brakes in construction activities is driving revenue growth in the global market
- An increase in investment for the development of next-generation industrial brakes and brake systems is expected to propel the global industrial brake caliper market
Industrial Brake Caliper Market: Competitive Landscape
- Companies operating in the Industrial Brake Calipers market are utilizing merger, acquisition and collaboration strategies to expand their businesses. Such moves also help players expand their product portfolios and expand their regional footprint.
- Several companies are intensifying their studies on the best caliper and developing products according to market needs. Aside from that, several research papers focus on how a caliper parking brake works and how technologically advanced industrial calipers can be developed to meet the current demands of end users, according to a TMR study.
Industrial Brake Calipers Market: Major Players
Some of the key players featured in the report are:
- Kobelt Manufacturing Co.Ltd.
- Hongqiao Brakes By Stock Co.,Ltd.
- Hilliard Corporation
- KTR Systems GmbH
- RINGSPAN 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 activated, hydraulically released
- Spring activated, pneumatically released
- Hydraulically applied, spring released
- Pneumatically applied, spring released
- Electrically applied, spring-released
- Spring applied, electrically released
- Caliper design
- scissor style
- Direct Single Acting
- Direct double acting
- braking power
- Up to 100kN
- Over 600kN
- maximum torque
- Up to 30,000 Nm
- 30,000 – 40,000 Nm
- Over 40,000Nm
- Up to 1000mm
- Over 2500mm
- end user
- Oil Gasoline
- Industrial manufacturing
- Discrete Manufacturing
- process manufacturing
- distribution channel
- direct sales
- Indirect Sales
- North America
- Asia Pacific
- middle East & Africa
- South America
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