MRC Announces the Publication of its Research Report – Global Industrial Fractional Horsepower Clutches and Brakes Market 2017-2021
MRC recognizes the following companies as the key players in the global industrial fractional horsepower clutches and brakes market: ABB, Altra Industrial Motion, Dynaspede, and Nexen.
Other Prominent Vendors in the market are: BonfiglioliRiduttori, Eaton, and Oriental Motor.
Commenting on the report, an analyst from MRC’s team said: “One trend in the market is software to enhance the design process. Many vendors of the global industrial clutches and brakes market are using designing software applications to improve the products. These software applications help in reducing the fabrication cost in prototyping as well as finding flaws in the design. Vendors are also using analytics software from vendors, such as Teamcenter PLC and NX CAD, to understand the performance of the products.”
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According to the report, one driver in the market is increase in demand for automated material handling in the industrial sector. Industrial players are increasingly emphasizing on post-manufacturing operations and exploring cost-cutting opportunities in material handling through lean management principles. There is an increased emphasis on speeding up the cash cycle while improving customer satisfaction. This has necessitated the adoption of automated material handling operations and is expected to impact various aspects of material handling, including loading. The major revenue for the industrial fractional horsepower clutches and brakes market comes mainly from applications such as material handling and packaging and textile equipment.
Further, the report states that one challenge in the market is regulations on industrial output. There are many regulatory bodies such as EPA (Environmental Protection Agency) that are imposing strict regulations on manufacturing facilities to control the pollution levels. Also, agreements such as Paris agreements are focused on reducing the increasing pollution and controlling the global warming due to the pollution from industrial facilities. In order to adhere to these regulations, it will be essential for vendors to modify their manufacturing facilities and install improved manufacturing equipment, which in turn, will increase the expenses for industrial players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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