Altra Industrial Motion Corp., Carlisle Brake and Friction (CBF), SIBRE Siegerland Bremsen GmbH, Jiaozuo Brake Jiangxi Huawu Brake Co., and Coremo Ocmea S.p.A, are some of the key market players operating in the global industrial brakes market. The listing of key players is derived by considering multiple factors such as overall revenue, current automotive smart key portfolio, geographical reach, new product launches, market initiatives, and investment in technology up gradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the industrial brakes market which were analyzed during the course of this market research study, such as, Akebono Brake Industry Co., Ltd., DELLNER BUBENZER, Eaton Corporation plc, ADVICS CO.,LTD., RINGSPANN GmbH, Emco Precima Engineering Pvt Ltd. and KTR Systems GmbH among others.
Altra Industrial Motion Corp., Carlisle Brake and Friction (CBF), SIBRE Siegerland Bremsen GmbH, Jiaozuo Brake Jiangxi Huawu Brake Co., and Coremo Ocmea S.p.A; – PROMINENT MARKET PARTICIPANTS IN INDUSTRIAL BRAKES MARKET
The industrial brakes market is segmented based on type, application, and industry vertical. Based on application, the industrial brakes market can be categorized into holding brakes, dynamic and emergency brakes, and tension brakes. Based on type, the global industrial brakes market is segmented into mechanically applied brakes, hydraulically applied brakes, pneumatically applied brakes, electrically applied brakes, and others. Based on industry vertical the global industrial brakes market is segmented into manufacturing, metal and mining, construction, power generation, marine and shipping, and others. In terms of geography, the industrial brakes market is primarily segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, the developed Western European countries such as Germany, France, Russia, the United Kingdom and others have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. In order to protect its citizens from the virus, the governments in Europe have made tremendous investments in incorporating technologies across different industries to help lower the impact of COVID-19 and the related shutdown measures. Manufacturers all over Europe have switched from conventional to online module to keep their financial operations running during the COVID-19 outbreak. As a result of the online module adoption, more companies are adopting operation techniques such as digital twin or simulation technologies in order to proceed with their production, research and development. Since several manufacturers are offering brakes with automatic control with the ability to share data to remote locations. Several industries have been adopting blended production strategies to meet their financial goals. Therefore, the impact of COVID-19 on industrial brakes market in Europe has been gradually subsiding after the successful adoption of remote working practices and vaccination programs.
Most of the market initiatives were observed globally, which has a high potential for industrial brakes providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2021 | DELLNER BUBENZER Group has acquired Hydratech Industries, a Danish global producer of high-end hydraulic systems, cylinders, and accumulators for wind, offshore, marine, and industrial applications,. In the future, the firm will be known as DELLNER HYDRATECH Group. | Global |
| 2021 | Steel shrink discs from RINGSPANN are widely considered as the best option for friction-free and backlash-free attaching of hollow shafts and hubs on shafts. In various areas of industrial drive technology, the two-part variants of the RLK 608, RLK 608E, and RLK 606 series are very common. | Global |
