Lucintel Forecasts the Industrial Clutch and Brake Market in China to Reach $1 Billion by 2031
Lucintel Forecasts the Industrial Clutch and Brake Market in China to Reach $1 Billion by 2031
Blog Article
According to a market report by Lucintel, the future of the industrial clutch and brake market in China looks promising with opportunities in the oil & gas, mining, power, and food & beverage markets. The industrial clutch and brake market in China is expected to reach an estimated $1 billion by 2031 with a CAGR of 3.2% from 2025 to 2031. The major drivers for this market are increasing demand for industrial automation, the rising demand for higher-capacity conveyor drives, and the growing need for industrial safety.
A more than 150-page report to understand trends, opportunity and forecast in industrial clutch and brake market in China to 2031 by product (mechanical friction clutches & brakes, electromagnetic clutches & brakes, over-running & heavy-duty, and others), type (pneumatic & hydraulic, mechanical, electromagnetic, and electrical), and end use (oil & gas industry, mining industry, power industry, food & beverages, and others).
Lucintel forecasts that, within the product category, mechanical friction clutch & brake will remain the largest segment over the forecast period due to the growing need for conveyor systems in food handling and packaging applications within the food and beverage industry.
Within the end use category, oil & gas will remain the largest segment due to the high demand for better clutches and brakes that can withstand challenging conditions and deliver dependable performance.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056