According to a recent market study published by Growth Market Reports, titled, “Electro Mechanical Brake Market by Type, by Application, by Industry, by Sales Channel, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 728.4 Million in 2022 and is anticipated to grow at a growth rate of 6.9% by the year 2031.

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Electro mechanical brake referred to as electromagnetic brake is a type of braking system that applies electrical & mechanical components to stop or slow a vehicle or other machines. It involves the passage of an electric current through a coil on the brakes to create a magnetic field strong enough to move an armature on or off a magnetic face. The electromagnetic braking principle involves the conversion of kinetic energy into thermal energy. The electromagnetic brake uses electrical actuation; however, the transmission of torque occurs mechanically. The brake receives an input voltage or current, which energizes the coil, creating a magnetic field. The magnetic field turns the coil into an electromagnet, creating magnetic lines of flux that attract the armature. The brake receives an input voltage or current, which energizes the coil, creating a magnetic field. The magnetic field turns the coil into an electromagnet, creating magnetic lines of flux that attract the armature. The attraction of the coil to the armature and hub brings the shaft to stop in a short period of time. Electromagnetic brakes are used in applications that require quick response times and consistent performance.

The Electro Mechanical Brake Market has been fragmented based on by Type, by Application, by Industry, and by Sales Channel. By Type, the Electro Mechanical Brake Market is categorized as single face brake, power off brake, particle brake, hysteresis power brake, and multiple disk brake. In terms of Application, the market is categorized as locomotive, automotive, industrial, and marine. Based on Industry, the Electro Mechanical Brake Market is categorized into transportation, manufacturing, construction, energy, and others. On the basis of sales channel, market is segmented into OEM and aftermarket. Based on the region, market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key factors that are anticipated to fuel the demand for Electro Mechanical Brake Market during the forecast period are the increasing demand for electro mechanical brakes in a wide range of applications such as vehicles, trains & trams, aerospace, and industrial machineries. Electro mechanical brakes are majorly used in automotive applications, such as anti-lock braking systems (ABS), traction control systems (TCS), and electronic stability control systems (ESC). Alongside, electro mechanical brakes are also used in electronic parking brakes systems. Electro mechanical brakes provide precise braking and require less maintenance as compared to hydraulic brakes. Additionally, the rising production of electric vehicles is anticipated to fuel the market.

The outbreak of Coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. Electromechanical brake manufacturers faced operational challenges, due to lockdowns, social distancing, and workforce disruptions. These factors have reduced production output. The outbreak of COVID-19 is an unsurpassed public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to hamper various industries during the forecast period, especially across the US and countries across Eastern Europe, the European Union, and Eastern & Central Asia. The pandemic disrupted the global supply chain of production and distribution of electromechanical brakes. Manufacturing facilities and raw material suppliers have faced temporary closures, labor shortages, and transportation challenges that delayed the production and delivery of electromechanical brakes. The closures of end-use industries, such as manufacturing, transportation, and construction have decreased the demand for electromechanical brakes.

As per Growth Market Reports industry analyst Partha Paul, “The growth of the Electro Mechanical Brake Market is attributed to increasing penetration and production of electric vehicle. Electro mechanical breaks are an integral part of the electric vehicles. Electro mechanical brakes (EM brake) are used to slow or stop vehicles using the electromagnetic force to apply mechanical resistance such as friction. Moreover, rising usage of electro mechanical brake in robotics industry drives the market growth. Electro mechanical clutches and brakes play an essential role in many robotic systems. The two main functions of brakes for robotics systems are stopping a load and holding a load. Therefore, increasing penetration of robotic systems in wide range of industries surges the demand for electro mechanical breaks.

A supply chain is a network of companies, suppliers, manufacturers, and distributors that are involved in the creation and sale of a product to the final buyers. This network includes different activities, information, entities, people, and resources. The electro mechanical brake system is mainly composed of a controller, driver, upper computer, power supply, torque motor, transmission mechanism, brake disc, brake shoe, and three-phase asynchronous motor that is made up of different materials. These materials are procured from raw material suppliers and stored at raw material warehouses or directly at manufacturing sites. Manufacturers receive and assemble the components and quality checks are performed throughout the production process by manufacturers to ensure the quality of the product. Distributors store finished products in large inventories and are mediators in the supply chain. These local distributors sell products to their customers.

Key Takeaways from the Study:

  • The players in the Electro Mechanical Brake Market include Warner Electric, Ogura Industrial, Hilliard Corp., KEB America, Reach Machinery Group, and others held a major market share of the Electro Mechanical Brake Market in the year 2022.

  • Based on Type, the Electro Mechanical Brake Market is categorized into single face brake, power off brake, particle brake, hysteresis power brake, and multiple disk brake. The multiple disk brake segment held market share of 37.04% in 2022. The design of multiple disk electro mechanical brake doesn’t allow magnetic field to pass through the plates, ensuring a very quick response time.

  • Based on Application, the Electro Mechanical Brake Market is categorized into locomotives, automotive, industrial, and marine. The automotive segment held 43.93% share of the market in 2022. The automotive segment gained significant traction, due to increased awareness of vehicle safety features such as anti-lock braking systems, traction control systems, and electronic stability control systems.

  • Based on the Industry, the Electro Mechanical Brake Market is categorized into transportation, manufacturing, construction, energy, and others. The transportation segment held 69.75% share of the market in 2022 and is expected to expand at CAGR of 7.0% during the forecast period. Growing demand for electro mechanical brakes in locomotives, aircrafts, and electric vehicles, due to its ability to work seamlessly with advanced technology such as regenerative braking, is driving the market.

  • Based on Sales Channel, the Electro Mechanical Brake Market is categorized into OEM and aftermarket. The OEM segment held 59.30% share of the global electro mechanical market in 2022. Key consumers of electro mechanical brakes, who purchase directly from OEM manufacturers, are automotive manufacturers, locomotive manufacturers, cranes manufacturers, and various types of machines manufacturers.

  • In terms of regions, the Electro Mechanical Brake Market markets are divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a CAGR of 7.4% during the forecast period. The growth is attributed to the rising manufacturing sector in developing economies such as China and India. North America held 34.4% share of the global electro mechanical brake market in 2022. Expanding railway network and growing automotive and industrial sectors are boosting the market in the region.

Report Scope:

Report Metric

Details

Market Value in 2022

US$ 728.4 Million

Market Growth Rate (from 2023 to 2031)

6.9%

Historical Data

2016 – 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Type, By Application, By Industry, By Sales Channel, And By Region

Key Companies Profiled

Warner Electric, Ogura Industrial, Hilliard Corp., KEB America, Reach Machinery Group, Magnetic Technologies Ltd, Ortlinghaus, Miki Pulley Co. Ltd., Carlyle Johnson Machine Company, LLC., and others

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Manufacturer and distributors.

  • Demand Side: Automotive industry; Marine industry; Energy Industry, and Others.

  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.

  • Associations and Industry Bodies: National Highway Traffic Safety Administration (NHTSA), Department of Energy (DoE)