Global Brake Hoses Market Segments 2024, Forecast To 2033
5 Mar, 2024
The brake hoses market size has witnessed robust growth, increasing from $17.17 billion in 2023 to $18.33 billion in 2024, with a CAGR of 6.7%. The surge is attributed to factors such as automotive production expansion, stringent safety regulations, and the global proliferation of disc brake systems. In 2028, it is anticipated to reach $23.66 billion, experiencing continued growth driven by the rise of electric and hybrid vehicles, smart brake system integration, and a focus on safety standards, showcasing a CAGR of 6.6%. Major trends include lightweight materials adoption and technological advancements in brake hose design.
Global Brake Hoses Market Key Driver
The brake hoses market is witnessing growth driven by the rising demand for passenger and commercial vehicles. Global passenger car sales increased from 53 million in 2020 to 56 million in 2021, and commercial vehicle sales increased from 24 million to 26 million during the same period, as reported by the International Organization of Motor Vehicle Manufacturers (OICA).
Get A Free Sample Of The Global Brake Hoses Market ReportGlobal Brake Hoses Market Segments
The brake hoses market covered in this report is segmented –
1) By Brake Type: Hydraulic Brake, Pneumatic Brake
2) By Material Type: Rubber, Nylon, Metal, Polytetrafluoroethylene
3) By Vehicle Type: Two-Wheeler, Passenger Vehicle, Light Commercial Vehicle, Heavy Vehicle
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the brake hoses market in 2023. The regions covered in the brake hoses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Brake Hoses Industry Players
Continental Aktiengesellschaft; Hitachi Metals Ltd.; BorgWarner Inc.; Dayco IP Holdings LLC; Edelbrock LLC; The Gates Corporation; Hengshui Brake Hose Machinery Co. Ltd.; Hutchinson S.A.; Jagwire International Inc.; M S Enterprises; Nichirin Co. Ltd.; Parker-Hannifin Corporation; Polyhose Pvt. Ltd.; Bosch Rexroth AG; Cooper-Standard Holding Inc.; ACDelco; Advics Co. Ltd.; Akebono Brake Industry Co. Ltd.; Aptiv PLC; Bendix Commercial Vehicle Brake System LLC; Brembo S.p.A.; BrakeQuip LLC; Centric Parts; Crown Automotive; DBA Group; Dorman Products Inc.; Federal-Mogul Motorparts Corporation; Hella GmbH & Co. KGaA; KST Technology Inc.; Meritor Inc.
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AIOps Brake Hoses Market Overview
Brake hoses are mechanical components that transfer brake fluid from the master cylinder to the brake wheel and are used to slow down or stop vehicles. Break Hoses links brake pipes and wheel brakes in a flexible manner. It is responsible for transferring hydraulic pressure to the wheel cylinders and braking calipers.
Brake Hoses Global Market Report 2023 provides data on the global brake hoses market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The brake hoses market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.