Press release
Brake Hoses Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations, and Leading Key Opportunity Forecast To 2033
Brake Hoses Global Market
The Business Research Company offers in-depth market insights through Brake Hoses Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The brake hoses market size has grown strongly in recent years. It will grow from $17.17 billion in 2023 to $18.33 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to automotive production growth, stringent safety regulations, increase in vehicle weight and performance, rise of disc brake systems, global expansion of automotive industry, aftermarket demand.
The brake hoses market size is expected to see strong growth in the next few years. It will grow to $23.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to electric and hybrid vehicle growth, autonomous vehicle development, integration of smart brake systems, continued emphasis on safety standards, globalization of automotive supply chains. Major trends in the forecast period include increased adoption of lightweight materials, focus on high-performance brake systems, shift towards electric and hybrid vehicles, technological advancements in brake hose design, increased demand for pre-assembled brake hoses.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9525&type=smp
Market Segmentation:
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
Major Driver - Accelerating Brake Hoses Market Driven By Surging Demand For Passenger And Commercial Vehicles
Rising demand for passenger and commercial vehicles is significantly contributing to the growth of the brake hoses market. A commercial or passenger motor vehicle is type of vehicle used for the profit of an individual or business to transport goods or passengers. The rapid growth in disposable income among individuals in both developing and developed countries, as well as growing demand for daily commuting to work, has contributed to rapid growth in passenger and commercial vehicle demand. The rapid growth in demand for passenger and commercial vehicles is expected to increase the demand for automotive brake hoses, which are an essential component in the manufacturing of automotive vehicles. For instance, according to June 2021, a report from France-based OICA (International Organization of Motor Vehicle Manufacturers), a France-based international trade association, global passenger car sales increased from 53 million in 2020 to 56 million in 2021. Similarly, commercial vehicle sales increased from 24 million in 2020 to 26 million in 2021. Therefore, the rising demand for passenger and commercial vehicles is expected to propel the growth of the brake hoses market going forward.
Competitive Landscape:
Major companies operating in the brake hoses market report are 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. .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/brake-hoses-global-market-report
Top Trend - Zf Friedrichshafen Unveils Onguardmax For Commercial Vehicles In China
Major companies operating in the brake hoses sector are focused on developing technologically advanced brake hoses to for easy installation, enhanced safety, and durability. For instance, in April 2021, ZF Friedrichshafen, a Germany-based technology company that supplies brake hoses for passenger cars and commercial vehicles, introduced OnGuardMAX, an advanced autonomous emergency braking hose for commercial vehicles in China. It detects, classifies, and reacts autonomously to moving and stationary vehicles, motorcycles, bicycles, and pedestrians. A high-performance image processing module assists this technology with an advanced radar sensor and high-resolution dual-lens camera.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Brake Hoses Market Characteristics
3. Brake Hoses Market Trends And Strategies
4. Brake Hoses Market - Macro Economic Scenario
5. Brake Hoses Market Size And Growth
…..
27. Brake Hoses Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Brake Hoses Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations, and Leading Key Opportunity Forecast To 2033 here
News-ID: 3402798 • Views: …
More Releases from The Business research company
Increasing Financial Fraud Incidents Propel Accounting and Auditing Market: A Ke …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Accounting And Auditing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for accounting and auditing has seen a robust growth in the past few years. It is expected to increase from $222.35 billion in 2024 to $238.28 billion in 2025, reflecting a…
Supply Chain Finance Market Expected to Achieve 8.6% CAGR by 2029: Growth Foreca …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Supply Chain Finance Market Size By 2025?
The market size for supply chain finance has been experiencing a robust expansion in the past few years. The market, which is projected to escalate from $12.47 billion in 2024 to $13.42 billion in 2025, is expected to…
Personal Loans Market on Track for Strong Growth, Estimated to Grow at 10.7% CAG …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Personal Loans Market Through 2025?
The personal loans industry has seen robust growth in recent years. The market size is projected to increase from $778.34 billion in 2024 to $854.94 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%.…
Key Trends Reshaping the Mobile Wallet Market: Revolut Launches Innovative Mobil …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Mobile Wallet Market Size Growth Forecast: What to Expect by 2025?
The scale of the mobile wallet market has experienced a monumental expansion in the past few years. Its morphology will evolve from $2109.19 billion in 2024 to a staggering $2754.87 billion by 2025, reflecting a compound annual growth…
More Releases for Brake
Brake Repair Service: A Reliable Solution for Mobile Brake Services
When it comes to maintaining the performance and safety of your vehicle, brake systems are among the most critical components. Whether you're a truck driver or a fleet manager, ensuring your brakes are in optimal condition is a priority. Fortunately, finding a reliable Brake Repair Service [https://mobilebrakerepairtn.com/#:~:text=Brake%20Repair%20Service] provider has never been easier, thanks to mobile brake services that bring convenience and professionalism right to your location.
Mobile Brake Services: Convenient, Efficient,…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake 2020-2027
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and initiatives of new car…
Aircraft Brake System : Power Brake, Boosted Brake, and Independent Brake 2021-2 …
The global aircraft brake system market was valued at $10.52 billion in 2020, and is projected to reach $16.95 billion in 2030, registering a CAGR of 5.2%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake…
Aircraft Brake System Market : Power Brake, Boosted Brake, and Independent Brake …
The global aircraft brake system market generated $10.52 billion in 2020, and is anticipated to reach $16.95 billion in 2030, manifesting a CAGR of 5.2%.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake system market. On the other hand, strict regulatory conditions create hindrances to market growth. On the contrary, usage of advanced…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global Brake System Industry estimated $41.62 billion in 2019, and is expected to hit $61.20 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Covid-19 Scenario-
The covid-19 outbreak has immensely affected the industry, as most of the original equipment manufacturers (OEM) have kept the production of brake systems on hold.
The supply chain management has been disrupted resulting in shortage of raw materials. The…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and…
