According to the latest market research study by Technavio, the global industrial clutches and brakes market is expected to grow at a CAGR of close to 2% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global industrial clutches and brakes market regarding revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical segmentations.
Technavio research analysts categorize the market based on the product
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The top three revenue contributing product segments are discussed below:
Global mechanical friction clutches and brakes market: Mechanical friction clutches and brakes are most extensively used in mining, oil and gas, and food and beverage industries. In the oil and gas industry, the crude oil prices will remain low. Therefore, Technavio expects no contribution from the oil and gas industry to the frictional clutches and brakes market. Same is expected from the mining industry as the industry is witnessing a decline in growth worldwide.
“Mechanical friction clutches and brakes are used in conveyor systems in food industries. The mounting investment in the food and beverage sector has increased the need for conveyor systems for food handling and packaging applications. This, in turn, will increase the need for clutches and brakes,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Global electromagnetic clutches and brakes market: Electromagnetic clutches and brakes are extensively used in high-speed industrial applications such as food processing equipment, industrial mixers, packaging machines, and wind turbines. As most of the applications of industrial clutches and brakes are related to the food and beverage and power industries, Technavio expects this segment to grow faster when compared with other segments.
Global over-running and heavy-duty clutches and brakes market: Over-running and heavy-duty clutches are widely used in mining and metals, energy, and marine industries. Marine is one of the major industries for over-running and heavy-duty clutches and brakes. The marine industry is growing due to low crude oil price and strong demand from the tourism sector. Therefore, the over-running and heavy-duty clutches and brakes market is likely to witness a high demand from this industry.
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The top vendors operating in the global industrial clutches and brakes market are:
- Altra Industrial Motion
- Electroid
- GKN Land Systems
- Hilliard Corporation
- Thomson Industries
The other prominent vendors in the market include Dayton Superior Products, Magnetic Technology, Lenze SE, INTORQ, The Rowland Company, Vortex Engineering, ComInTec, DESCH Drive Technology, Kobelt, Nexen Europe Group, Regal Beloit, Tsubakimoto Europe, VULKAN, and WPT Power.
A more detailed analysis is available in the Technavio report titled, ‘Global Industrial Clutches and Brakes Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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