Development of brakes


The downstream industries of the industrial brake industry mainly include lifting and transportation machinery, metallurgical equipment, mining equipment, construction machinery, wind power and nuclear power equipment, shipbuilding and offshore heavy industry equipment manufacturing. Benefiting from the revitalization and development of these industries, the industrial brake industry will usher in another round of sustained and healthy development opportunities. The industrial brake industry in China will continue to maintain an annual growth rate of 10% -20% in the coming years.

According to the "Forward Looking Analysis Report on Market Demand and Investment Planning of China's Brake Industry", the relevant deployment in the "Twelfth Five Year Plan" development standard outline for promoting leapfrog development in various fields in China, high-end equipment manufacturing, new energy, new materials and other strategic emerging industries will still be vigorously developed in China. The national regulation of the equipment manufacturing industry will be beneficial for promoting the development of China's brake industry. In addition, due to stable economic growth in 2011, China's GDP will be 9.5% in 2011, and the production and sales of automobiles are expected to continue to experience significant growth; The total demand for the national automotive market is expected to reach 20 million vehicles in 2011. Overall, the growth rate of domestic car sales in 2011 was 10% -15%, which will drive the development of the brake industry demand market. It is expected that the market size of China's brake industry will continue to maintain an annual growth rate of 15% -25% in the next five years.

With the revitalization and development of the equipment manufacturing industry, the production of domestic brakes has also significantly increased, and the sales revenue of the brake industry has increased simultaneously; Due to the constraints of late start, weak technological foundation, and limited capital investment, China's brake products are mainly low-end products. A few enterprises in the industry adhere to independent innovation, increase research and development investment, and are developing towards mid - and high-end products with high technological content. The market share of mid - and high-end brake products is gradually increasing, and the profit margin of mid - and high-end brake enterprises is on the rise; Low end product manufacturers, on the other hand, are experiencing a downward trend in prices due to numerous manufacturers and fierce competition. At the same time, the prices of major raw materials such as steel have fluctuated, resulting in a slower growth rate of their profits.

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