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Market Insights - Industry Research Report
  • Published Date : May 2024
  • Report ID : 6135
  • Pages : 181
  • Industries : Automotive and Transportation
  • Formats :

Electromagnetic Brakes Market

Report on Electromagnetic Brakes Market: Size, Share, and Growth – Covering By Product Type (Single Face Brake, Power Off Brake, Particle Brake, Hysteresis Power Brake, Multiple Disk Brake), By Application (Material Handling, Packaging Industry, Elevator, Medical), Segments, and Regional Analysis – Providing a Global and Regional Industry Overview, Market Intelligence, Premium Insights, Comprehensive Analysis, Historical Data, and Forecasts for the Period 2024-2032
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Electromagnetic Brakes Market Overview

Electromagnetic brakes, commonly referred to as brakes, are mechanical components designed to stop or decelerate moving parts in machinery. These systems typically consist of a brake frame, brake components, and a control device. Some models also feature automatic brake clearance adjustment. To minimize braking torque and reduce structural size, brakes are generally installed on the high-speed shaft of equipment. However, large equipment with high safety requirements, such as mine hoists and elevators, are installed on the low-speed shaft near the working part of the equipment.

Market Value and Forecast

The global electromagnetic brakes market was valued at approximately USD 761.98 million in 2023. It is projected to reach USD 991.61 million by 2032, growing at a compound annual growth rate (CAGR) of 2.97% from 2024 to 2032.

  • North America Electromagnetic Brakes Market: Valued at USD 161.67 million in 2023, expected to reach USD 194.22 million by 2032, with a CAGR of 2.32%.
  • Asia-Pacific Electromagnetic Brakes Market: Valued at USD 342.01 million in 2023, projected to reach USD 455.26 million by 2032, with a CAGR of 3.64%.
  • Europe Electromagnetic Brakes Market: Valued at USD 216.92 million in 2023, anticipated to reach USD 260.6 million by 2032, with a CAGR of 2.32%.

Key Players

The major global companies in the electromagnetic brakes market include:

  1. Regal Rexnord
  2. Kendrion
  3. Ogura Industrial
  4. Mayr
  5. Precima Magnettechnik
  6. REACH Machinery
  7. KEB Automation
  8. Miki Pulley
  9. Dunkermotoren (Ametek)

In 2023, the top five companies held approximately 62.9% of the market share in terms of revenue.

Market Segmentation

This report provides a comprehensive analysis of the electromagnetic brakes market by region, type, and application. The market is segmented into:

  • Product Types:
    • Single Face Brake
    • Power Off Brake
    • Particle Brake
    • Hysteresis Power Brake
    • Multiple Disk Brake

    As of 2019, the Single Face Brake segment held the largest market share at approximately 45%, valued at USD 342.82 million.

  • Applications:
    • Material Handling
    • Packaging Industry
    • Elevator
    • Medical
    • Other Industries

    In 2019, the material handling industry was the major consumption market, with a 26.3% market share.

Competitive Landscape

The electromagnetic brakes market is relatively concentrated, with the top ten manufacturers accounting for about 67.2% of the total revenue in 2019. High-end products are predominantly from Europe and North America.

Report Objectives

This report aims to provide a detailed presentation of the global electromagnetic brakes market, focusing on total sales volume, sales revenue, pricing, market share, and rankings of key companies. The analysis covers both historical data and forecasts from 2024 to 2032, helping readers to:

  • Develop business and growth strategies
  • Assess the competitive landscape
  • Analyze their position in the current marketplace
  • Make informed business decisions

Comprehensive Electromagnetic Brakes Market Report Outline: A Deep Dive into Industry Dynamics
Introduction to Market Dynamics
The scope of this Electromagnetic Brakes Market report encompasses a thorough examination of market dynamics, the latest developments, and influential factors. We delve into driving and restraining factors, addressing challenges and risks, alongside relevant industry policies. This foundational overview sets the stage for a detailed exploration of the market landscape.

Competitive Landscape Analysis
In this chapter, we present an in-depth analysis of the competitive landscape. We cover critical aspects such as pricing, sales figures, and revenue market share. Additionally, we highlight the latest developments and provide insights into mergers and acquisitions. This analysis aims to offer a clear picture of the competitive environment.

Market Segmentation by Type
Here, we segment the Electromagnetic Brakes Market by type, analyzing the market size and development potential of each segment. This detailed segmentation helps in understanding the specific contributions and growth prospects of different market types.

Market Segmentation by Application
This section explores Electromagnetic Brakes Market segmentation by application, examining the market size and development potential in various downstream markets. We provide insights into how different applications influence market growth and development.

Regional Sales and Revenue Analysis
We conduct a regional analysis of sales and revenue, focusing on market size and development prospects for each region and country. This chapter offers a comprehensive view of regional market dynamics and future growth opportunities.

Country-Level Sales and Revenue Data
In this chapter, we present country-level sales and revenue data, segmented by type and application. This detailed data helps in understanding the market performance at a more granular level, offering insights into specific national markets.

Profiles of Key Players
Here, we profile key electromagnetic brakes market players, detailing their product sales, revenue, pricing, gross margins, and recent developments. This chapter provides a closer look at the strategies and performances of leading industry players.

Industrial Chain Analysis
This section covers the analysis of the industrial chain, including both upstream and downstream aspects. We explore how different components of the supply chain interact and impact the overall market dynamics.

This comprehensive electromagnetic brakes market report aims to support manufacturers, new entrants, and industry-related companies in understanding the market landscape, identifying opportunities, and making strategic decisions in the electromagnetic brakes market.

Frequently Asked Questions

The key players in the global electromagnetic brakes market include Regal Rexnord, Kendrion, Ogura Industrial, Mayr, Precima Magnettechnik, REACH Machinery, KEB Automation, Miki Pulley, and Dunkermotoren (Ametek), with the top five companies holding approximately 63.19% of the market share in 2023
The Asia-Pacific region is expected to show the highest growth, with the market valued at USD 342.01 million in 2023 and projected to reach USD 455.26 million by 2032, at a CAGR of 3.64%.
The global electromagnetic brakes market is projected to reach USD 991.61 million by 2032, growing at a CAGR of 2.97% from 2024 to 2032.

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