Industrial Brakes Market Scope, Analysis, and Trends by 2031
Industrial Brakes Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 1.30 Billion |
Market Size by 2031 | US$ 2.05 Billion |
Global CAGR (2023 - 2031) | 5.9% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Industrial Brakes Market News and Recent Developments
The industrial brakes market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In March 2023, TVS Apache Brakes brand in India launched advanced technology-based ZAP brake pads for electric vehicles. ZAP is a braking fluid that was created and developed to meet the user’s requirement for electric vehicles. It improves corrosion resistance, provides protection, and offers silent braking for electric vehicles. (Source: Eurofins, Press Release)
Industrial Brakes Market Report Coverage and Deliverables
The “Industrial Brakes Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- Industrial Brakes Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Industrial Brakes Market Trends
- Detailed PEST Analysis and SWOT analysis
- Industrial Brakes Market Analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments.
- Industrial Brakes Market Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
- Detailed Company Profiles