Industrial Brakes and Clutches Market Size

Industrial Brakes and Clutches Market size was over USD 1.92 billion in 2024 and is poised to exceed USD 3.4 billion by the end of 2037, witnessing over 4.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of industrial brakes and clutches is estimated at USD 1.99 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.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of industrial brakes and clutches is estimated at USD 1.99 billion.

Industrial Brakes and Clutches Market size was over USD 1.92 billion in 2024 and is poised to exceed USD 3.4 billion by the end of 2037, witnessing over 4.5% CAGR during the forecast period i.e., between 2025-2037. Growing expenditure on infrastructure projects, rising implementation of advanced products, and increasing advances in technology will drive the market growth.

North America industry is likely to account for largest revenue share of 35% by 2037, due to expansion of technological innovations in the region.

The major players in the market are ZF Friedrichshafen AG, MG2, Yanmar Compact Equipment, Volvo Construction Equipment, Eaton Corporation plc, NSK Ltd, Marubeni Corporation, Bosch Corporation, Komatsu Ltd, ENEOS Holdings, Inc., and others.

Industrial Brakes and Clutches Market Size