Industrial Production Products & Services · Direct
Monitoring · monthlyProcurement Category Intelligence
Industrial Brakes
Overview
Market size
$14.8B
global, USD
CAGR
5.4%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
7
tracked players
Signals
12
1 high severity
Market outlook
2031$19.3B
What changed
Demand by region
Asia Pacific demand40%
North America demand25%
Europe demand20%
Rest of world demand15%
share of global demandtotal 100%
Cost drivers
Steel and cast iron raw materials35%
Advanced friction materials and composites20%
Manufacturing and assembly labor25%
Energy and utilities10%
Logistics and freight10%
share of delivered cost (analyst estimate)