An industrial brake is a device, that absorbs the kinetic energy of moving bodies and thus controls their motion, is used to stop a rotating inertia load or to hold a component in a specific position without motion.
Global Industrial Brakes key players include Altra, Eaton, CBF, Huawu, etc. Global top four manufacturers hold a share over 15%.
Asia-Pacific is the largest market, with a share about 45%, followed by Europe, and North America, both have a share about 45 percent.
In terms of product, Drum Brakes is the largest segment, with a share over 60%. And in terms of application, the largest application is Material Handling, followed by Energy, Marine and Shipping, Mining, etc.

Market Analysis and Insights: Global Industrial Brakes Market
In 2020, the global Industrial Brakes market size was US$ 2145 million and it is expected to reach US$ 2831.8 million by the end of 2027, with a CAGR of 4.0% between 2021 and 2027
Global Industrial Brakes Scope and Market Size
The global Industrial Brakes market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Industrial Brakes market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Disc Brakes
Drum Brakes
Others

Segment by Application
Material Handling
Mining
Lifts and Escalators
Energy
Marine and Shipping
Others

By Company
Altra
Eaton
CBF
Akebono Brake
Huawu
Jingu Brake
Pintsch Bubenzer
SANYO SHOJI
SIBRE
Jiaozuo Changjiang Brake
Antec
GEMCO
Jiaozuo Brake
Shanghai Borui
Wulong
Tolomatic

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE