Electromagnetic Multi Disc Brake Market
PUBLISHED: 2023 ID: SMRC24389
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Electromagnetic Multi Disc Brake Market

Electromagnetic Multi-Disc Brake Market Forecasts to 2030 - Global Analysis By Type (Wet and Dry), End User (Construction, Automotive, Renewable Energy, Aerospace, Marine and Other End Users) and By Geography

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4.9 (76 reviews)
Published: 2023 ID: SMRC24389

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $23.70 BN

Projected Year Value (2030)

US $37.57 BN

CAGR (2023 - 2030)

6.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Electromagnetic Multi-Disc Brake Market is accounted for $23.70 billion in 2023 and is expected to reach $37.57 billion by 2030 growing at a CAGR of 6.8% during the forecast period. Electromagnetic multi-disc brakes are advanced braking systems that use electromagnetic force to control motion. These brakes offer superior control and responsiveness, making them indispensable across various industries where precision braking is essential for optimal functionality and safety measures. Their significance lies in precise stopping, offering rapid response times, and heat dissipation. These brakes find applications across diverse sectors, from automotive, where they enable regenerative braking in electric vehicles, to industrial machinery, elevators, and robotics.

According to the data by the International Organization of Motor Vehicle Manufacturers (OICA), the global sales of commercial vehicles in 2019 was 27 million units, that is, a growth of 3.8% was encountered as compared to 2018.

Market Dynamics: 

Driver: 

Increasing trend towards automation

The expanding tendency towards automation has a substantial impact on the market for electromagnetic multi-disc brakes. The need for sophisticated braking solutions is growing in harmony with industries' increasing adoption of automation to boost productivity and efficiency. With their ability to provide accurate and swift braking as well as overall safety and control over machinery, electromagnetic multi-disc brakes are essential components of automated systems. Outstanding performance is ensured in manufacturing, robotics, and material handling applications by the smooth integration of brake technology. Therefore, there is an increasing demand for market expansion.

Restraint:

High initial cost

The intricate engineering and advanced technology involved contribute to a substantial upfront investment, making them less accessible, particularly for industries mindful of budget constraints. This financial barrier hinders the widespread adoption of electromagnetic multi-disc brakes across various sectors. The challenge lies in balancing the undeniable benefits, including enhanced safety and performance, with the economic considerations of potential adopters. Thus, it acts as a significant barrier to market growth.

Opportunity:

Global infrastructure development

The need for improved brake solutions is growing as countries invest in building high-speed rail networks, upgrading industrial infrastructure, and modernising transportation systems. Multi-disc electromagnetic brakes provide precise control, quick response times, and flexibility to meet changing infrastructure requirements. Additionally, these brakes are used in a variety of industries, such as construction and transportation, improving performance and safety. Manufacturers poised to provide innovative braking solutions aligned with the requirements of global infrastructure projects are well-positioned to capitalise on this opportunity, ensuring a pivotal role in the evolution of modern transportation and industrial systems worldwide.

Threat:

Regulatory compliance

Regulatory compliance presents a formidable threat to the electromagnetic multi-disc brake market. Stringent safety and environmental standards in the automotive and industrial sectors require meticulous adherence, posing challenges for electromagnetic brake manufacturers. Meeting evolving regulations demands ongoing investment in research and development, potentially increasing production costs. Failure to comply with these standards can lead to legal consequences, reputational damage, and restricted market access.

Covid-19 Impact

The COVID-19 pandemic has had a multifaceted impact on the electromagnetic multi-disc brake market. Manufacturing capacity reductions during lockdowns, shortages of labour, and supply chain disruptions caused production delays and made it difficult to meet demand. The recession had an effect on industrial sector investments as well, which had an effect on the installation of modern braking systems. However, the pandemic highlighted the importance of automation and safety in various industries, potentially driving the adoption of advanced braking solutions. The market for electromagnetic multi-disc brakes is anticipated to grow as worldwide markets improve.

The Wet segment is expected to be the largest during the forecast period

The Wet segment is estimated to hold the largest share. A wet electromagnetic multi-disc brake is a specialised braking system designed for high-torque and heavy-duty applications where efficient cooling is crucial. The ""wet"" designation implies that the braking system operates in an oil bath, enhancing heat dissipation and durability. This segment finds prominence in industries like mining, marine, and heavy machinery, providing efficient and reliable braking solutions in challenging environments. Additionally, the demand for enhanced performance and heat management, making it integral to applications requiring sustained braking power and longevity 

The Automotive segment is expected to have the highest CAGR during the forecast period

The Automotive segment is anticipated to have lucrative growth during the forecast period. This segment meets the growing need for dependable and effective braking systems in the automotive industry by concentrating on offering sophisticated brake solutions for motor vehicles. These brakes greatly improve vehicle control and responsiveness while putting an emphasis on safety and performance. The automotive segment reflects the ongoing technological advancements in the automotive sector, addressing the need for innovative and high-performance braking solutions to meet the evolving demands of modern vehicle design and manufacturing.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to its rapid industrialization and technological advancements. Countries such as China, Japan, India, and South Korea are at the forefront of adopting electromagnetic braking systems across diverse industries. The expansion of manufacturing, automotive, and construction sectors in the region contributes to the rising demand for reliable braking solutions. With a focus on improving safety and efficiency in machinery, the Asia-Pacific market plays a pivotal role in shaping the global landscape of electromagnetic multi-disc brake technologies. The increasing industrial activities and infrastructural development further underscore the region's prominence in this dynamic market.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period. The region, encompassing the United States and Canada, witnesses a high demand for reliable braking systems in sectors such as manufacturing, automotive, and energy. The emphasis on safety regulations and the adoption of electromagnetic multi-disc brakes in various applications contribute to market growth. With a strong manufacturing base and technological innovation, North America plays a pivotal role in shaping the global electromagnetic multi-disc brake industry, offering efficient braking solutions for diverse industrial needs and contributing to the overall safety and productivity of machinery.

Key players in the market

Some of the key players in the Electromagnetic Multi-Disc Brake Market include Kendrion, Wichita Clutch, EIDE, Pintsch Bubenzer, Ogura SAS, jbj Techniques Limited, MWM FRENI-FRIZIONI, HEID Antriebstechnik, Walpha Engineering, Altra Industrial Motion, Miki Pulley, Mach III Clutch, Inc., Transfluid S.p.A., Ortlinghaus Group, Goizper Group and The Carlyle Johnson Machine Company.

Key Developments:

In October 2023, Kendrion Industrial Brakes announced that it has entered into a strategic agreement with Miki Pulley Group, Japan, to introduce innovative permanent magnet brake technology to the Japanese market. The agreement is the starting point for the development of a long-term business relationship that will benefit both companies, as well as the customers of brake expert Miki Pulley.

In March 2022, VBG Group has, through its subsidiary Ringfeder Power Transmission USA, acquired all shares in The Carlyle Johnson Machine Co., LLC. The company was founded in 1903 in Hartford, CT, and designs and manufactures components for motion control that are used in industrial applications.

Types Covered:
• Wet
• Dry

End Users Covered:
• Construction
• Automotive
• Renewable Energy
• Aerospace
• Marine
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 End User Analysis       
 3.7 Emerging Markets       
 3.8 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Electromagnetic Multi-Disc Brake Market, By Type    
 5.1 Introduction       
 5.2 Wet        
 5.3 Dry        
          
6 Global Electromagnetic Multi-Disc Brake Market, By End User    
 6.1 Introduction       
 6.2 Construction       
 6.3 Automotive       
 6.4 Renewable Energy       
 6.5 Aerospace       
 6.6 Marine        
 6.7 Other End Users       
          
7 Global Electromagnetic Multi-Disc Brake Market, By Geography   
 7.1 Introduction       
 7.2 North America       
  7.2.1 US       
  7.2.2 Canada       
  7.2.3 Mexico       
 7.3 Europe        
  7.3.1 Germany       
  7.3.2 UK       
  7.3.3 Italy       
  7.3.4 France       
  7.3.5 Spain       
  7.3.6 Rest of Europe      
 7.4 Asia Pacific       
  7.4.1 Japan       
  7.4.2 China       
  7.4.3 India       
  7.4.4 Australia       
  7.4.5 New Zealand      
  7.4.6 South Korea      
  7.4.7 Rest of Asia Pacific      
 7.5 South America       
  7.5.1 Argentina      
  7.5.2 Brazil       
  7.5.3 Chile       
  7.5.4 Rest of South America     
 7.6 Middle East & Africa      
  7.6.1 Saudi Arabia      
  7.6.2 UAE       
  7.6.3 Qatar       
  7.6.4 South Africa      
  7.6.5 Rest of Middle East & Africa     
          
8 Key Developments        
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 8.2 Acquisitions & Mergers      
 8.3 New Product Launch      
 8.4 Expansions       
 8.5 Other Key Strategies      
          
9 Company Profiling        
 9.1 Kendrion        
 9.2 Wichita Clutch       
 9.3 EIDE        
 9.4 Pintsch Bubenzer       
 9.5 Ogura SAS       
 9.6 jbj Techniques Limited      
 9.7 MWM FRENI-FRIZIONI      
 9.8 HEID Antriebstechnik      
 9.9 Walpha Engineering      
 9.10 Altra Industrial Motion      
 9.11 Miki Pulley       
 9.12 Mach III Clutch, Inc.       
 9.13 Transfluid S.p.A.       
 9.14 Ortlinghaus Group       
 9.15 Goizper Group       
 9.16 The Carlyle Johnson Machine Company     
          
List of Tables         
1 Global Electromagnetic Multi-Disc Brake Market Outlook, By Region (2021-2030) ($MN) 
2 Global Electromagnetic Multi-Disc Brake Market Outlook, By Type (2021-2030) ($MN) 
3 Global Electromagnetic Multi-Disc Brake Market Outlook, By Wet (2021-2030) ($MN) 
4 Global Electromagnetic Multi-Disc Brake Market Outlook, By Dry (2021-2030) ($MN) 
5 Global Electromagnetic Multi-Disc Brake Market Outlook, By End User (2021-2030) ($MN) 
6 Global Electromagnetic Multi-Disc Brake Market Outlook, By Construction (2021-2030) ($MN) 
7 Global Electromagnetic Multi-Disc Brake Market Outlook, By Automotive (2021-2030) ($MN) 
8 Global Electromagnetic Multi-Disc Brake Market Outlook, By Renewable Energy (2021-2030) ($MN)
9 Global Electromagnetic Multi-Disc Brake Market Outlook, By Aerospace (2021-2030) ($MN) 
10 Global Electromagnetic Multi-Disc Brake Market Outlook, By Marine (2021-2030) ($MN) 
11 Global Electromagnetic Multi-Disc Brake Market Outlook, By Other End Users (2021-2030) ($MN)
12 North America Electromagnetic Multi-Disc Brake Market Outlook, By Country (2021-2030) ($MN)
13 North America Electromagnetic Multi-Disc Brake Market Outlook, By Type (2021-2030) ($MN) 
14 North America Electromagnetic Multi-Disc Brake Market Outlook, By Wet (2021-2030) ($MN) 
15 North America Electromagnetic Multi-Disc Brake Market Outlook, By Dry (2021-2030) ($MN) 
16 North America Electromagnetic Multi-Disc Brake Market Outlook, By End User (2021-2030) ($MN)
17 North America Electromagnetic Multi-Disc Brake Market Outlook, By Construction (2021-2030) ($MN)
18 North America Electromagnetic Multi-Disc Brake Market Outlook, By Automotive (2021-2030) ($MN)
19 North America Electromagnetic Multi-Disc Brake Market Outlook, By Renewable Energy (2021-2030) ($MN)
20 North America Electromagnetic Multi-Disc Brake Market Outlook, By Aerospace (2021-2030) ($MN)
21 North America Electromagnetic Multi-Disc Brake Market Outlook, By Marine (2021-2030) ($MN)
22 North America Electromagnetic Multi-Disc Brake Market Outlook, By Other End Users (2021-2030) ($MN)
23 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Country (2021-2030) ($MN) 
24 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Type (2021-2030) ($MN) 
25 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Wet (2021-2030) ($MN) 
26 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Dry (2021-2030) ($MN) 
27 Europe Electromagnetic Multi-Disc Brake Market Outlook, By End User (2021-2030) ($MN) 
28 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Construction (2021-2030) ($MN) 
29 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Automotive (2021-2030) ($MN) 
30 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Renewable Energy (2021-2030) ($MN)
31 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Aerospace (2021-2030) ($MN) 
32 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Marine (2021-2030) ($MN) 
33 Europe Electromagnetic Multi-Disc Brake Market Outlook, By Other End Users (2021-2030) ($MN)
34 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Country (2021-2030) ($MN) 
35 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Type (2021-2030) ($MN) 
36 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Wet (2021-2030) ($MN) 
37 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Dry (2021-2030) ($MN) 
38 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By End User (2021-2030) ($MN) 
39 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Construction (2021-2030) ($MN)
40 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Automotive (2021-2030) ($MN)
41 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Renewable Energy (2021-2030) ($MN)
42 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Aerospace (2021-2030) ($MN)
43 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Marine (2021-2030) ($MN) 
44 Asia Pacific Electromagnetic Multi-Disc Brake Market Outlook, By Other End Users (2021-2030) ($MN)
45 South America Electromagnetic Multi-Disc Brake Market Outlook, By Country (2021-2030) ($MN)
46 South America Electromagnetic Multi-Disc Brake Market Outlook, By Type (2021-2030) ($MN) 
47 South America Electromagnetic Multi-Disc Brake Market Outlook, By Wet (2021-2030) ($MN) 
48 South America Electromagnetic Multi-Disc Brake Market Outlook, By Dry (2021-2030) ($MN) 
49 South America Electromagnetic Multi-Disc Brake Market Outlook, By End User (2021-2030) ($MN)
50 South America Electromagnetic Multi-Disc Brake Market Outlook, By Construction (2021-2030) ($MN)
51 South America Electromagnetic Multi-Disc Brake Market Outlook, By Automotive (2021-2030) ($MN)
52 South America Electromagnetic Multi-Disc Brake Market Outlook, By Renewable Energy (2021-2030) ($MN)
53 South America Electromagnetic Multi-Disc Brake Market Outlook, By Aerospace (2021-2030) ($MN)
54 South America Electromagnetic Multi-Disc Brake Market Outlook, By Marine (2021-2030) ($MN)
55 South America Electromagnetic Multi-Disc Brake Market Outlook, By Other End Users (2021-2030) ($MN)
56 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Wet (2021-2030) ($MN)
59 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Dry (2021-2030) ($MN)
60 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By End User (2021-2030) ($MN)
61 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Construction (2021-2030) ($MN)
62 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Automotive (2021-2030) ($MN)
63 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Renewable Energy (2021-2030) ($MN)
64 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Aerospace (2021-2030) ($MN)
65 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Marine (2021-2030) ($MN)
66 Middle East & Africa Electromagnetic Multi-Disc Brake Market Outlook, By Other End Users (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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