Industrial clutches and brakes are widely utilized in the field of power generation, mining and metallurgy, oil and gas, medical, manufacturing, industrial production, logistics & material handling, construction etc. With growing industrialization in many developing countries of the world, demand for industrial clutches and brakes is going to increase to a considerable extent. Industrial clutches and brakes market sees a promising growth in upcoming years.
MARKET SCOPE
The "Global Industrial Clutches and Brakes Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial clutches and brakes market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the leading industrial clutches and brakes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on product, the global industrial clutches and brakes market is segmented into clutches and brakes.
? On the basis of application, the market is segmented into mining and metallurgy, power generation, oil and gas, manufacturing, medical and others.
MARKET DYNAMICS
Drivers:
? Governments offering various relaxations in rules and regulations in order to increase the production activities.
? Rising industrialization and increasing disposable income to boost the growth of this market.
Restraints
? High cost of maintenance hampers the market growth to some extent.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The industrial clutches and brakes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the industrial clutches and brakes market in these regions.
IMPACT OF COVID-19 ON INDUSTRIAL CLUTCHES & BRAKES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic hampered various production activities all over the world. Reduced buying capacity of the customer resulted in decreased demand for several goods and commodities. These all had a negative impact on the growth of the industrial clutches and brakes market. However, post pandemic, this market sees a promising growth.
MARKET PLAYERS
The report covers key developments in the industrial clutches and brakes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from industrial clutches and brakes market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial clutches and brakes in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial clutches and brakes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Altra Industrial Motion Corp.
? Eaton Corporation Plc
? Hilliard Corporation
? Hindon LLC
? KEB Automation KG
? Logan Clutch Corporation
? Magnetic Technologies Ltd.
? Magtrol Inc.
? Ogura Industrial Corp.
? SEPAC, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.