Developing economies in the Asian, Latin American, and East European regions are considered the primary growth drivers in the global industrial brakes and clutches market. Growing at a CAGR of more than 2%, the market is projected to reach US$610 million by 2010.
San Jose, California (PRWEB) July 17, 2007 -- Growing safety requirement is one of the critical factors driving growth in the industrial brakes market. Initially, the advent of advanced electric drives posed a major threat to the continued use of industrial brakes and clutches. However, the threat did not materialize as electric drives demand higher safety requirements. Failure of such high-speed devices is likely to cause severe damage to the equipment, and in some cases to operating personnel.
Regulatory agencies such as IEC (International Electromechanical Commission) and OSHA now mandate the use of fail-safe brakes even when electric drives are installed. This has exerted a positive effect on industrial brakes and clutches market, especially on electromagnetic brakes. Advent of new alternate technologies such as servo drives is posing a major threat to traditional permanent magnet brakes and clutches, and overrunning clutches. Relative maturity of developed markets, and an increasing shift of production operations from these regions to low-cost production sites are the other factors shaping the market.
While Europe stands to be the largest industrial brakes and clutches market worldwide, United States and Asia (excluding Japan) represent the second and third largest markets respectively. Asia represents the fastest growing regional market, posting a CAGR of nearly 2.5%. Global market for electromagnetic brakes and clutches, the largest segment, is estimated at US$380 for 2007. Global permanent magnet brakes & clutches market is forecast to be approximately US$10 million by 2010. Overrunning clutches represents the second largest segment of the global industrial brakes and clutches market.
The worldwide industrial brakes and clutches market has reached a stage of maturity. Manufacturers continue to face tough times primarily due to escalating production costs, declining prices, and shrinking profit margins. Major players in the market include Aisin Seiki Co, Boston Gear, Dayton Superior Products, Deltran PT, Electroid, Emerson Power Transmission - Morse, Exedy Corporation, Formsprag Clutch, Hilliard Corporation, Inertia Dynamics, Kebco Power Transmission, Lenze, INTORQ GMBH & CO. KG, Magnetic Technologies, Magtrol Inc., Marland Clutch, Ogura Industrial Corp., Placid Industries, Redex Andantex, Stearns, Stromag GmbH, Sjogren Industries, Valeo Transmissions and Warner Electric.
"Industrial Brakes and Clutches: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Russia, Asia, Latin America and the Middle East. Value analytics are provided in terms of product segments including Overrunning Clutches, Electromagnetic Brakes & Clutches, and Permanent Magnet Brakes & Clutches.
For more details about this research report, please visit www.strategyr.com/MCP-1043.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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