Industrial Brakes and Clutches Market Size

Industrial Brakes and Clutches Market size is anticipated to reach USD 3 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of industrial brakes and clutches was over USD 1 Billion. As industrialization and the use of heavy-duty machinery have risen, industrial brakes and clutches have developed into essential parts and have formed the basis for these heavy-duty machines. For a variety of purposes, industrial equipment needs to be correctly constructed with brakes and clutches to guarantee both safety and proper performance.

Due to the ongoing need for MRO services, the industrial brakes and clutches market is anticipated to expand gradually throughout the projected period. Since industrial equipment has a shorter working life than MRO services, OEM needs, or demand from new equipment manufacturers, are expected to expand more modestly than MRO services.