The booming infrastructure sector is one of the biggest factors responsible for the soaring demand for industrial brakes across the globe. As a result, the demand for various manufacturing and construction machinery such as lifts and cranes will surge in the coming years, and this will, in turn, propel the demand for industrial brakes in these countries in future.

The other major factor boosting the demand for industrial brakes is the increasing number of minerals exploration activities all around the world. Since the last few years, there has been a huge rise in the demand for minerals, especially in the developing countries, and this has led to a considerable increase in mineral exploration and mining activities in these countries. Moreover, these countries are increasingly adopting advanced technologies such as internet of things (IoT) and automation in mining operations, owing to which, the demand for industrial brakes will increase significantly in the coming years.

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Geographically, North America observed the highest utilization of industrial brakes in 2018. This is mainly attributed to the presence of a well-established and thriving manufacturing sector in the region, which churns out and supplies numerous products and devices both domestically and internationally. In addition to this, the increasing volume of exports of manufacturing goods from the two countries in the region, Canada and the U.S., is expected to tremendously boost the sales of industrial brakes in the region during the forecast period.

Therefore, the demand for industrial brakes is certain to rise throughout the globe, in the coming years, owing to the flourishing manufacturing sector, soaring mining activities, and increasing adoption of automation in various manufacturing processes.