Industrial Brakes Industry - Strategy Analysis

 

The global industrial brakes market has witnessed significant growth over the past decade, owing to rise in manufacturing business. The industrial brakes market in Asia-Pacific is expected to grow at a moderate rate during the forecast period, owing to rise in activities in construction and mining industries, which fuels the market growth. Furthermore, continuous economic development in countries, such as India, China, and Australia, are expected to provide numerous growth opportunities to the market.

Recent Development

•            In March 2023, Brakes India has launched new brakes named EVsZAP. The product is enhanced with soundless braking and which are suitable for electrical vehicles. The launch is expected to drive the market in India in the foreseen period.

•            In March 2021: DELLNER BUBENZER launches and unites Dellner Brakes. The launch has brought significant marketing to the company in the foreseen period.

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